There is a received wisdom that what goes up has to come down. Well, this currency pair trend may defy that rule. We shall have to wait and see. For sure there are corrections to be expected. This begs the question of what does 'down' mean? Is 'down' - a correction? or - does it mean a fall below its original starting point? If you take it as below some...
Backtest of the rvi indicator on eur/usd for you to look at
There are seven ways to improve the art of speculation. Latest cheatsheet: 1. 🔎 Find your price driver - build a macro argument based on probabilities How good is the quality of the price driver? If I look at the BOE and ECB, how wide is the divergence? We are looking for chalk and cheese, opposites attract. 2. 🖐 Execution is important - most get stopped...
Bitcoin - Support In or Not Yet ? DXY - Retrace Over or Not Yet ? Will USDCNY Crash By End By End Oct ? NOT ADVICE. DYOR.
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering...
These 3 charts indicate that price is usually fairly stagnant pre election. The historical data on these charts only go back to 2012 however the patterns are almost identical. Chart number 1 rallies to an all time high in 392 days, and chart 2 rallies to another all time high in 399 days. The blue vertical line is the date of election and the pink line shows...
USDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . ....
USDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . ....
Being a retail trader isn't so bad as long as we can utilise all of the tools in our belt correctly. (Trendlines)
Hello Traders ... We Have Today Very Important Lesson >> How To Draw And Trade With Triangle Pattern Please Follow All Tips On Chart ♥ 📚 Best Frame : All 📚 Risk : 2.5 - 5 % Per Trade 📚Best Pair : Slow Pairs 📚 Favorite Time : In High Liquidity Learn How To Trade With Triangle Pattern In 3 Minutes
Here is something that everyone in crypto needs to watch more closely. The USDT dominance chart is a great way to map out how invested people are at any given moment. In the last month, we have seen participants move to cash, but are we on the cusp on a trend reversal? The charts are giving clues of that right now. Let’s hop onto the chart: The first thing that...
ICI strategy. Being a retail trader isn't a bad thing!
Nice correlation between EURUSD and USDPLN Trading ideas in the related links Let me know what your thoughts are in the comment section Like and follow me for more content Good Luck
Hello traders, In this analysis we will talk about a triangle pattern. Those who are familiar with them, will know that these are one of the most popular patterns. The reason why they are so interesting is because while they are unfolding, momentum is decreasing, volume is low, therefore everyone wants to catch the breakout, because we know that sooner or later...
Welcome Traders >> We Have Here Opportunity And Direction For DXY ♦ We Have Wolfe Wave Pattern ♦ We Have Trend Area ♦ We Have Fibonacci 23.6 Area ♣ So We Maybe See More Down For DXY ♣
How Fibonacci Ratios Work Before we can understand why these ratios were chosen, let's review the Fibonacci number series. The Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Each term in this sequence is simply the sum of the two preceding terms, and the sequence continues infinitely. One of the remarkable...
KEY TAKEAWAYS An ascending channel is used in technical analysis to show an uptrend in a security’s price. It is formed from two positive sloping trend lines drawn above and below a price series depicting resistance and support levels, respectively. Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals....
hey guys, I know that many of you are expecting a coming bearish movement on a daily on EURUSD. analyzing a weekly time frame though, I want to warn you that the pair has still much space for a bullish continuation. on a weekly, the price is clearly trading in a global bearish trend. spring's covid bullish rally made the market set a higher low and triggered...