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Strategy Contest – September 2023 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of reversa…
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Strategy Contest – July 2020 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of revers…
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GBP/CAD is in consolidation

GBP/CAD is tracing a flag pattern and is likely to fall. The pair is bearish as it is probably tracing the wave 4/5 of the emotive elliot 5 waves.
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NZDJPY will fall in coming days

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, ellipse and other chart objects.
NZDJPY Daily Chart
  • The MACD on the weekly chart is downward. The histogram suggests that sellers are in control.
  • The RSI is headed down and shows the weakness of the pair.
  • The Stochastics is also pointing downwards.
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Elens94 avatar
Elens94 18 Jan

great

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AUDJPY

The AUDJPY pair looks like making a pennant which is bullish but the pair is in downtrend from a long time. But seeing the bullish pattern if it is able to break to the upside then next stop is at 80.20 . But looking at the bearish long term outlook I will go with the price that it will follow in case no breakout occurs, and that price will be near 75.85 on 1 Nov 16 at 1200 GMT.
DAILY CHART

4H CHART

The real uptrend or downtrend will be decided only after the pair breaks below or above the sup…
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EURUSD Weekly Outlook

The EURUSD as of late is in a full fledged bullish trend. We see it making higher highs and higher lows on all time frames aside from the Monthly.
The pair is approaching some resistance however, where traders with their eyes on the Monthly & Weekly charts may look for potential short setups. Here is the outlook:
The above charts shows a clear bullish trend. Last week we broke the downside correction which appears as a flag. We have started a new channel up on the 15m/1h. Dips towards the bottom…
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GBP/USD probably flag pattern ???

Will This flag perform it self or I just "married" on my position?
The price is moving down, and could do breakout on 1.43500 and continuously proceed down. Or It could be false breakout and price will go up. So I have a dilemma to close now, or to wait for some time.
Hey Trader! How often you have such dilemmas?
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GBP/USD probably flag pattern

For today I had seen a flag pattern on 4H TF. Considering the UpTREND I did BUY by 1.44704 and will keep my position till 1.46488. Anyway it could be an accumulation to the following SELL. I advice to keep an eye on a key price levels and possible Three Top pattern.
My vision of key levels:
  • Support is 1.438
  • Resistance is 1.4580
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Still bearish on EUR/USD

Currency Pair:Eur/Usd
Indicators: technical patterns
Current price: 1.0856
Trend: consolidation(daily)
Possible trading range:1.06-1.11
Technical analysis:the presence of a so called " flag continuation pattern" on the daily chart is a clear sign that the bears are still in control over the pair and there's just a matter of time when new lows will come.
Forecast: The upside potential is capped somewhere around 1.11 where a double top pattern intimidates the bears. On the 4h chart it seems that t…
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marius24 avatar
marius24 19 Jan

update ( current price : 1.0928).  We need one more leg up towards 1.0981 in order to have a well-shaped inverse head and shoulders ( h4). In case the bulls somehow manage to draw the price to that level then another bullish pattern ( double bottom ) situated on the daily chart with its neckline hovering at around 1.1057 will certainly be on the table with a major bullish potential. But first let's see the outcome coming out of the ECB Press Conference scheduled on Thursday.

marius24 avatar
marius24 26 Jan

update: (current price : 1.0867). The ECB and MArio Draghi were unexpectedly dovish this time around amid soft signals that inflation expectations is going to rise in the next months. So in MArch we must expect either another rate cut or an expansion of the actual QE. In Eur/Usd terms this U-turn from Draghi means a lower rate, but at a slower pace.

marius24 avatar
marius24 31 Jan

update (current price: 1.0830). Meanwhile the FED "seemed" ,if we take into account mass media outlets, to have sent dovish signals about the prospects of the US economy, but in reality they sounded quite neutral. The GDP data and the labour market at least for the moment are on the right track ...so there are no reasons to delay a possible March rate hike. Just bla, bla on news. Of course if the turmoil in global stocks continues then the FED is forced to stand pat for longer than expected.

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EURo to Resume Downtrend Trend

After several months of range-bound movement, the downtrend in the Euro resumed in October. The prospect for more ECB QE and on the other hand the coming rate hike in the States have pushed the pair down to the 1.1000 mark.
As we can see on the chart above, each retracement formed a flag pattern which then broke to the downside. This happened two times already and we're now coming up to the 3rd time. A break below the 1.1000 figure should help with the downward momentum as well.
But what about o…
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