In the picture we can see an Ascending Triangle pattern as an early sign of gold rise. Technical give signs first by forming patterns that will determine where the next price will go before fundamental news / policy is released / occurs. (?) The price target of the ascending triangle pattern is determined by projecting the height from the lowest point to the...
The first harmonic pattern in the picture, which is bearish gartley (the letter W, pink), we can see the price fell around 70% retracement of the projected height of foot C to D. Maybe for moderate traders, they will target the profit on foot C (100%), then ... Yeah, the price touched that level. The next harmonic pattern, which is bullish gartley (letter M,...
AUDNZD has reached the point of uptrend channeling support. Referring to the trend, movement should turn up, but not always. Do something if there are only signals that indicate it. There is already a bullish signal, which is a chyper pattern.
English : This analysis is on daily timeframe. The main trend condition is downtrend. I made this assumption based on the elliot wave theory. Based on his theory, the impluse is now in the 5th wave, and it is now in formating correction wave A. I assume the 5th wave has been fulfilled because of a long-tailed doji candle at the peak of the 5th wave which is...
ENGLISH : Look complicated? Of course, I'm also dizzy to see it. Such is my picture of this currency pair. Of course it could be right, could be wrong, a little right, a little wrong. Some of the lines of support, resistance and trends in the picture I even pulled from 2008, and as you can see, the lines are still functioning. There appears to be a bearish...
ENGLISH : This pair since August 2018 is forming a broadening wedge pattern, which means widening in both directions. Broadening pattern is one of the reversal patterns if the channel line is successfully broken. The trend before the formation of the pattern is downtrend. Inverted head & shoulders pattern also has the potential to occur, which is also one of...
ENGLISH : More than 3 years this pair has been in a sideways. The major trend since the pair was launched in the form of graph analysis is upward trend. I believe, based on my understanding of chart analysis, this pair will head towards its main uptrend resistance line. If not, then I'm wrong, or the market movement doesn't want to fit my analysis. INDONESIA...
That's what my prediction formed after streaking. This is only my description as someone who still needs to learn a lot about forex trading. Never follow it, use it only as a comparison to your analysis.
That is my view of the continued movement of this currency pair. Descending triangle pattern formed since 3 years ago, which was preceded by an upward trend. All I know is that this is a sign of a reversal because the trend that started it was the uptrend. At the moment the price seems to be going to the trend channel (trendline of descending triangle), so...
See my previous analysis on March 9, titled " EURGBP Future Forecast " on the linked link below. Price movements are almost the same as the previous analysis. In this week Euro strengthened uncontrollably, without correction (red candle) on the daily timeframe. My estimation is still the same that Euro would continue rising till the point of Fibo 1 or even more....
On the weekly chart we see a bullish AB = CD pattern. The volume this week looks very strong. Maybe because of corona.
Euro has the potential to rise to 122.50 . Now it's trying penetrate the neckline.
The previous pattern already has a bearish shark. The current pattern looks like forming Head & Shoulders on a 4 hour timeframe. If the neckline is successfully broken, of course it will signal a bearish continuation. After I measure the distance from the neckline to head, the distance is about the same distance from the neckline to the fibo line 1, the last...
Previously I already wrote a little about this pair. You can see it in the related link below. Until now there have been no signs of reversal. The existing pattern forms a broadening bottom, a pattern of continuing trend. The key point lies in the support line, if the line is broken then it has the potential to test the next support. But if it fails, and shows...
Previously I have written about the same idea on this pair. You can check the idea in linked link below. Still the same pattern, Ascending Triangle. But on the previous idea, the triangle pattern failed, it actually broke the trendline line, so the price dropped and touched the nearest support line, then bounced and now forming a new Ascending Triangle pattern. ...
Ascending Triangle is a pattern that signifies the continuation of the trend, when the trend is up. But if it occurs in a trend that is started by a downtrend, this pattern should signal a reversal. We will see!!
The triangle pattern has broken. Waiting for a pullback / correction before go long. We can see corrections on lower timeframes like 1 hour, 30 minutes.