Two Daggers Buy Pattern EXPLAINED This is a super powerful pattern for a buy. Especially if you are a value investor. What do you want to look for? 1. You must see TWO daggers to the downside. A dagger is an extremely abnormal drop in price with a HUGE volume. You want to see the first dagger, and then pray for the price to continue falling at a normal...
GBPAUD – Buyers with strong momentum Trend: Strong Buy Support/Resistance R4: 0.95652 R3: 0.93997 R2: 0.92350 R1: 1.90811 S1: 0.89306 S2: 1.88122 Price action Buyers helding trending position very strong. If the price break R1, then price will follow next resistances. The problem here might be gaps lower, but still it looks that sellers are nowhere. I...
AUDJPY – Buy action might continue higher withouth much rest Trend: Strong Buy Support/Resistance: R3: 74.056 R2: 74.721 R1: 74.526 S1: 74.322 S2: 73.933 Price action: In this case buyers have already reacted and show continuation in their way higher. Sellers are now holding below resistance level at 74.526. Once first resistance get changed to support by...