I believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care....
I believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care....
I believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal. It requires attention and care....
See the candles closed above 26 EMA. This could be a clear breakout and buying this pair at this moment can bring a profit. Trend indicators have already waved the signal that this pair can pullback to 74.725 level. In am in this trade.
GBP/JPY has been in a downtrend for a long time. Technically, things have changed a little bit. First of all, look at the candles that closed above the 26 EMA. A candle or two just closed above EMA 26 does not mean that the pair is ready to buy. I have consulted it with other trend indicators as well. It seems to me that the pair can pull back in upward direction....
This is the right time to buy this pair. Reason 1) Candles closed above EMA 26 2) Hovering above ADX 26 3) Othe technical indicators show a perfect buy signal.
CADJPY has been in a downtrend for a long time. There are some indications that a reversal or pullback is possible. However, at this moment, our idea is to follow the chart and update whenever we see a reversal indication.
This pair has been in an uptrend for a couple of days. Now that the candles closed below the 26 EMA, I see a possibility of reversal. At this moment, we watch the pair and the movements. When the right time comes, we barge in.
Hello Everybody, I would sell this pair if a candle closes below the 26 EMA. However, closing a candle below the 26EMA is not just the point to decide whether the pair is to sell. So, I will update the movements accordingly. Keep an eye on EURGBP 4 hour chart.
A consolidation followed by a candle close below 26 EMA could put this pair under pressure. Means, If other indications favor our movement, we can sell this pair. However, now we follow the pair closely and see what happens next
EURNZD still in a hourly corrective structure. Buying breakout seems like a good idea. follow me for more updates on this and more. Thank you for your support!
CADJPY possible harmonic patterns for buy and sell opportunities
A perfect bullish EURGBP Gartley pattern to trade. Hope Euro will pull it down to my desired buying destination.