Technical Analysis: 1-Strong trend retracing at the 0.382 Fibonacci level 2- Gap to be filled acts as a magnetic point 3- Momentum 4- Breakout of the Ichimoku Cloud supported by the Tenkan and Kijun cross on the H4 chart 5- H3 cloud cross supporting volatility
Technical Analysis: Accumulation with compression in the equilibrium zone Technical magnet pulling the price upwards Gap to be filled
Technical Analysis: -Extremely strong resistance (equilibrium zone on the monthly chart) -Pattern of change in movement on the daily chart and a double top in lower timeframes, thus there is an alignment of readings -Strong equilibrium points above $290, which act as technical magnets Indicators: -The Ichimoku Cloud shows solid resistance on the H4 chart, and...
Trend Indicators : Moving Averages, Ichimoku Cloud, Bollinger Bands, Keltner Channels. Oscillator Indicators: MACD, RSI, Stochastic, DMI, Fisher Transform. All these instruments were created to recognize points of equilibrium and disequilibrium (inflection points) in the market. Essentially, they are tools designed to detect the optimal times to buy or...
Technical Analysis: -Accumulation on the daily chart with some compression -Bullish engulfing candle on the weekly chart -Crossover of the 20-50 moving averages on the weekly chart -Magnetic point slightly above $175 -Strong support at the 20 EMA on the monthly chart -Momentum on the monthly chart
Technical Analysis: -Accumulation pattern in the equilibrium zone -Detected behavior pattern (bounces off the standard Ichimoku Cloud on the daily chart and MACD crossovers, which tend to indicate inflection points) -Harmony -Momentum The trend is overextended, so the target is modest ($94). I would dismiss this analysis if it weren't for the fact that assets...
Channels have been used by technical analysts for more than a century due to their ability to clarify price action and detect historical patterns (the main advantage of an investor, which I will write an article about soon). Today, I want to show you a practical example of the good use of this tool. We are looking at the Australian Dollar / Japanese Yen pair...
I think the upper part of the downtrend channel I've shown on the chart is an interesting area. This area has been respected for a whole year. To further reinforce the upper part of the channel, the 20-month EMA also lies over this zone. Another detail related to price action is that the trend has moved without pulling back until almost reaching the top of the...
I believe Forex traders should pay attention to the area ranging from approximately 0.84784 to 0.84569, as this zone marks the upper boundary of a downtrend channel that has been respected for an entire year. To further reinforce the upper part of the channel, the 20-month EMA is also positioned over this area. Another detail related to price action is that the...
Higher Timeframes (daily, weekly, monthly) Lower Timeframes (intraday timeframe) Influential educators often propagate misleading ideas that cost the community money. One of the most harmful and, sadly, widely accepted opinions is: "Since the market is fractal, all timeframes are equal. The timeframe is just a matter of taste." Today, I want to debunk this myth,...