equidistant channel Archive
This GBPJPY head and shoulders chart pattern is in danger of becoming invalid, the right shoulder is changing. Which trading rules to apply?
We talk about the definition of Confluence Zones and why they exist. Then we offer some simple tips for using and finding them.
I am looking for clues from gold technical analysis to determine if the precious metal is reversing. At moment, bulls should not expect much.
EURUSD has been consolidating for 3 weeks.
A consolidation pattern spanning over such a significant period will most likely result in a more significant movement. Is price going to move after the consolidation? When will this consolidation be over so that a trader can change explosive movement?
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Planning trade at higher time frames I like to look at big picture, especially daily, weekly, monthly chart for planning. Once I set my mind on the levels and directions, I will stick to it. First talked about AUDUSD one month ago in twitter. $audusd weekly chart big picture planning twitpic.com/cji1bo — TerraSeeds FX Tflow®
Surging interest in ‘Gold Price’ It is amazing what technology can show us these days. And thanks to Google, I am pointing the Google Trends function to none other than what people think about Gold Price after the plunge these three days. Fact #1 There is a spike in interest coinciding with the recent price
EURGBP trend under test as it meets resistance confluence EURGBP met a confluence of resistance in the weekly chart. This chart shows the big picture and is significant to traders taking a longer term multi-year view. Price action in the next 2 weeks could determine direction of EURGBP trend. Short term forex traders may see
Recall last week I said asked “Will these two levels leave the EURJPY range-bound in the coming weeks and/or months?” Price traded within this range in Week 07. Tflow® bulls entering on the lower time frame on Monday reached a maximum of 300 pips upon reaching the high of Week 05 (Green horizontal line) the
Price resisted by equidistant channel as it goes into 12th week Bears will bring price into the equidistant channel once again. Tflow® bears who appreciated the resistance from the black horizontal line would have received a 242-pip ang pow upon reaching the 3rd target price. Remaining Tflow® bears holding out for a bigger windfall during
EURJPY continues its rally; 2011 high penetrated Last week I wrote: “Price has cleared many zones of resistance but the ultimate test beckons: the high of 2011” Well it looks like that 2011 high was no resistance at all. 82DH9YS8JDYA Tflow® bears who got in on Tuesday pocketed 203 pips shortly thereafter upon reaching the 1st