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EUR/USD

fqtalix Posted 9 Oct. as Analysis on EUR/USD, Target: 1.21040, Date: 1st of December, 12:00 GMT  in #Technical analysis #4H Chart #Daily Chart #EUR/USD #Weekly Range #Weekly Chart #Triple Bottom #Impuslsion And Correction #Price Rejection #Reversal 127 2 Fib's Level #Range Brakout

Let's look at the chart here in the image (Weekly chart) , where i drawed the purple lines , we see that the price falled down (first line) wich created the first impulsion of this down move, then the price did a nice correction and hit the 61.8% Fib's level (second line) wich is a strong level for reversal and fall down again to do the seconde impulsion as shown in the image.
After the breakout, the price entered in range where i drawed the big rectangle , So let's see what happened there in …
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fqtalix 12 Oct.


( 2H chart) ; so here we can see that the price has broken the 1.17970 as i mentioned in the analysis and go up to do a nice impulsion , there is a hight probability that the orice will do a correction and hit 61.8% Fib's expansion and retest the breakout  aprox 1.18017 ( same level ).
so here there is 2 entry for who want to benefit again ;
-place a buy limit at 1.18017
-buy at the breakout of the impulsion 1.18800

Look at the image i drawed an orange line where the first hight probability target wich is 1.19360 (127.2% fib's level of the implusion ) .

thank you.

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fqtalix 12 Oct.

I will do updates  each interesting price movement .

fqtalix avatar
fqtalix 12 Oct.


(4H chart) For more confidence about the hight probability target at 1.19360, look at this image we will se what happen few days ago . you can see an impulsion and correction drawed with yellow lines after a little range ( Red rectangle) the price has broken to form the second impulsion,(correction exeeded  61.8%Fib's retrac so we expect a week movement after breakout).
We can see the seconde implusion hit the 161.8% Fib's expancion level where i drawed the support level, that cofirm this level is hight prob for reversal.

fqtalix avatar
fqtalix 12 Oct.

Resume: What is intresting about this is the 61.8% expasion level of the first impulsion is at the same Price of our hight probability target . The price pulled back for a correction after he hit the bottom of the range where i drawed the red ractangle , and the seconde impulsion will hit our 1.19360.

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4 July : TRIPLE BOTTOM pattern USDJPY

ForexSpeaker Posted 4 July  in #Trader's blog #Triple Bottom #Usdjpy Long
Good Morning Duka trader
in the first day on week we have a nice and interested ratio for buying USDJPY according to triple bottom pattern more than 55%
our target around 103 and to make more than 120 pip in take profit and we minimiz our stop lose to be under the bottom
have a a great day in asian session
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USD/JPY in for a Strong Rally

fxsurprise8 Posted 31 May as Analysis on USD/JPY, Target: 115.79, Date: 1st of July, 12:00 GMT  in #Technical analysis #JPY #USD/JPY #Rally #Japanese Yen #Uptrend #JPY Weakness #Japanese Recovery #Triple Bottom
The USD/JPY could be in for a strong rally. The pair closed May on a high note, currently at 110.66 from a high of 111.44 yesterday. The daily chart below shows just how consistent this uptrend has been. Notice the nice stair-step climb with little retracement.
Things are looking bullish on the long-term charts as well. Here the USD/JPY has been in a strong uptrend since the end of 2012. In fact the past few months of losses are the exception not the rule. With both the long-term and short-term …
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Slightly bullish domination on EURO

megajorko Posted 1 Sep. as Analysis on EUR/USD, Target: 1.1500, Date: 2nd of November, 12:00 GMT  in #Technical analysis #EUR/USD #Interest Rate #Downtrend #Triple Bottom
Hello
In the present volatile period it is difficult to give precise prediction.
EUR/USD has made a lot ups and downs and presently has formed a good triple bottom on the Daily chart
It can be seen on the figure that the bears have difficulties to push the price down so every attempt has failed to fall under 1.08.
On the Hourly chart
there is in the moment of writing a good channel down but the price has already broken the upper level and also the descending channel has failed which is a clue …
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