trader_ak

trader_ak

EURUSD 3 drives complete ( waves 1-5 ) and taking out stops above 25th Feb. Potential scenario = some consolidation ( a,b,c ) or sideways consolidation / ranging before another push higher and a test of the long term trendline resistance. Trade idea = based on this scenario, looking for a long after consolidation / abc retrace.

trader_ak

Market is retracing higher after 10 months downtrend. I have marked on the weekly chart some arrows showing a potential scenario which helps me anticipate some potential reversal zones. Thus, we could see market retrace lower, to the 50-618 zone marked on the chart, before another leg higher up towards 1.16 where the market may find: a) stops located ( reference...

trader_ak

DXY in uptrend from mid July 14. On 13th April 15 market fails to make new highs ( failure test, resistance of the prior high, 100.39 holds) and begins to form a double top reversal pattern, which was confirmed when market traded below 96.17 on 28th April. The market continued to sell of to trendline support ( see trend line on chart ) forming low of 94.39 on...