cwphuah

cwphuah

Context Notice that I used the word "indication", and not indicator. By using solely structures and forecasts to keep ahead of the market, these are especially important. Flags. Channels. Wedges. In this scenario, it can be seen that there is a strong impulse from the upside after creating the second touch, and coming down for the third touch on the bottom of the...

cwphuah

Context Analysing from the perspective of both the buyer and the seller is of paramount importance. By analysing from both perspectives, you would be able to weigh both charts and come to a stronger conclusion instead of looking at it from neutral eyes. Below are examples of the USDCHF charts whose structures are drawn from the sentiment of a seller. Weekly...

cwphuah

Context It has occurred to me over the past few weeks that EURUSD has always been in a position to buy, probably due to external influences and invalid correlation. My market sentiment has since changed after redrawing the structures of this pair. This is the weekly chart of EURUSD as of February 9. General Consensus Wait. The impulse is still ongoing, and...

cwphuah

Every Forex trader has a number of currency pairs that they follow. Some may follow a small number of pairs but with depth, while others may just skim through multiple pairs and take trades at first glance. This article is to speak about the idea of focusing, observing, studying, learning about a few selected pairs. Focusing On A Single Pair Choosing a single...

cwphuah

The market can be seen moving to the downside. However, before moving to the downside, it may very well correctively or impulsively move up to create the third touch of the structure, which may create a running channel by forming a head and shoulders pattern or a breakout, which will move to the upside. It can be seen from the bigger picture that the market...

cwphuah

Market seems to have created the third touch after after an impulse downwards, followed by a correction phase, and a vicious reversal to the top of the structure. What can be seen here is a potential head and shoulders pattern forming. In the 1 hour chart, an evening star could be seen formed, which ticks off another box for the market to impulse downwards. ...

cwphuah

A bull flag has just formed right after a strong impulse from a reversal. This may be a part of a descending channel that is still forming, but a head and shoulders formation is possible. This may also be an elaborate correction channel. Steps To Take Wait for the structure to form Set stop loss at breakeven Wait it out

cwphuah

The pair NZDUSD has been volatile for the past week, which has hit many of my stop losses. It has finally touched for the second time in the bigger structure, which we then can predict it to move to the upside, effectively completing the structure by touching for the third time at the top of this picture and potentially breaking out. The bigger structure is that...