Butterfly bearish + head and shoulder + breakout bullish trend = maintain a short position
We therefore left a 2013 full of economic events behind us and we are going to live the year 2014 , we are sure , we will provide still many issues to reason and act accordingly from the point of view of our trading , especially in the light of many issues that remain open since evidently just finished. Where will the euro? Continue to rise or will there be a...
Looking at the chart in detail, we can see that formed three figures potentially bearish, which makes us think of an imminent turnaround. The conditions are all there. The target is 1.48
On the chart I plotted the levels where prices might react ... the red lines refer to the monthly levels, the black levels weekly to daily levels blue ones and the red dashed to four hours. From the graph it is clear that the neckline has not been broken, and consequently the price is returned on, breaking the weekly level. For the next few weeks, the price may...
From the weekly chart, we can see the formation of the 2 wave that most likely, having found support at 99.69, will be complete in area 105.43 (0.618 retracement). Hypothesis confirmed only at the break of resistance placed at 101.75. In the case when this does not happen, you might already trying to get from place 102 with short target area 87. good Trading
On the Daily chart, is consolidating the figure Bearish ABCD which makes us assume that the descent of the euro-dollar is likely to continue in the medium term. In today's day, the euro area retested 1.3064 (0.382 Fibo) and then descend again and touch the intermediate support ... If the euro stays below 1.3064 area likely to continue to fall until the next...
For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. Simple, right? All you have to do is wait for the entire pattern to complete (reach point D) before taking any short or long positions.
For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. Simple, right? All you have to do is wait for the entire pattern to complete (reach point D) before taking any short or long positions.
Most likely, the euro will continue to fall for get to form the 4th wave. I expect it to drop at least up to 1.3125, then dropped to about 1.3030 good Trading
In technical analysis, pricing models are based on complex numbers and / or Fibonacci ratios. Is used to determine buy and sell signals by measuring price retracements of a stock is up and down movement in the stock price.
The head and shoulders bearish, as we see in the figure, is formed by three consecutive maximum among which the highest is to centrale.In practice it is of three rips bullish that form each a maximum, the first two and the third growing decreasing compared to the second
Cup with handle As the name suggests, the pattern of the cup with handle consists of two parts: the cup (cup) and the handle (handle). The cup is created after a period of rising and it might seem a correction from the bottom "round." Once the designer has completed the cup shape, on the right you create a trading range - the handle. Generally, the cup with...