Everybody is waiting for the September news. This maybe a good news that will be announced at the Berlin meeting together with Golem and friends, but who knows? There are also speculation of teaming up with Apple due maybe because one of the team Jun, shows a skateboard with sticker of Apple Logo. But we still don't know. While others are optimistic, some are also...
I started to include in my analysis timing the news because I expect this is where the most movement take place. Adding technical analysis such as drawing Channels, and considering traders sentiments. There is always a sequence when retail and wholesale traders put their trade. It is vital to know the timing where to Enter and Exit the market. I prefer not to get...
As High Importance News Event results no change, price continue to move to its previous uptrend.
Now, price hits Dynamic Resistance and bounce downward showing that market is in correction phase.
Price was not strong enough to break the Dynamic Resistance because it was not backed up by the news.
Even though the news was in high importance, having no change...
Price was bullish (51 days) then starts losing momentum (19 days) consolidation, then starts to go bearish (117 days) and counting.
Using Fibo retracement, price bounce at 61.8% and counting.
Price forms a Triangular Contraction where Dynamic Resistance challenge Dynamic Support and market is pressured in the corner to make decision whether to go and...
Price in an upward channel approaches All Time Significant Level.
Market is pressured to decide either to continue bullish or retrace. If retrace, market would think that price is overbought and start to sell. Panic will happen and there would be a strong move downward.
Small movement downward: since the price hits the dynamic...
On higher timeframe, price makes a ascending triangle.
On lower timeframe, price hits resistance level by Dynamic Pivot.
Candlestick patter makes a last kiss.
If price goes back to the Ascending Triangle, then price may continue the trend upward.
Go for Long.
I loss trade both in EURUSD and EURCHF due to strong price jump during the weekends.
Highly relevant news event could increase price volatility, therefore it is difficult for the trader to intercept the sudden move.
Price moves uptrend at a higher timeframe.
Price tested the middle line of the upward channel last Jan. 6, 2017.
Price again tested the middle line of the upward channel last April 12, 2017.
Price inside the upward channel makes a new small downward channel.
Price now again decides to test the dynamic resistance of the small downward...
Price moves on a downward channel.
Significant Support level (Purple Dotted Line) was last tested since Aug-Sep 2003 (almost 14years!)
and was currently testing it (Mar-Apr & Nov-Dec 2015), and now price Stop at this level.
Price is still near the all time low level.
Candlestick forms a bullish Pinbar as a sign of reversal.
Price movement has the...
Price break Upward Channel (small)
Market decides whether to break Downward Channel (big)
Market cycle high probability of price consolidation.
Previous lower highs could dictate market memory to decide for a price drop.
If market respect dynamic resistance of downward channel (price retrace around 1.73), there is a high probability of...
Price breaks previous upward trend.
Pivot point at 1.43339.
Price makes strong movement upward.
Indecision at dynamic resistance of downward channel (blue line)
Price consolidation ahead.
If price hits target at 1.45, short with tight stop loss till previous high.
TP at target slope copied from two previous peaks.
Price moves and forms a downward channel.
Price bounce in the middle of the downward channel.
Price may bounce until Dynamic Resistance then drop down at the Dynamic Support.
If reached target at long and price respect Dynamic Resistance, then place short.
Price move inside the Triangular Contraction and is now at the edge of Dynamic Resistance.
Price may either break or bounce at Dynamic Resistance.
Opportunity to SHORT with tight stop loss.
Price moves in a Triangular Contraction.
200MA moves upward as price keeps testing its support.
Price downward slope decrease as it goes near the corner of the triangle.
Low probability for price to move at the downward channel as the market has now decided to be in consolidation, contraction means there is some agreement between the price of sellers...
Price moves in a Downward Channel.
Bears is in control.
No sign of bull candlestick pattern.
Price near dynamic support.
If price breaks dynamic support of downward channel, there is high probability for price to slide down, short.
If price retrace at dynamic support & imitate previous move, LONG & TP at middle dynamic resistance....