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Retracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making its way to its retracement.
On the 1-hourly chart, there's an inverted descending triangle... moreRetracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making its way to its retracement.
On the 1-hourly chart, there's an inverted descending triangle formation which could probably break and close below the bat pattern formation.
If the market retests the trendline with a long shadow candle, I'll short GBPUSD and observe if the market consolidates at D point on the harmonic pattern.
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Live Chart:
https://www.tradingview.com/chart/GBPUSD/vGBv9QTJ-GBPUSD-Weekly-Market-Analysis-Jan21-Wk2/ />
#descendingtriangle #GBPUSD #brexit #trendline #candlestickpattern #candlestickanalysis #trendtrading #bullishbat #Batpattern less
Retracements are shown in post Brexit for both GBPUSD and EURUSD. On the daily chart, GBPUSD has a brief break and close above the recent high before making it way to its retracement.
On the 1-hourly chart, there's an inverted descending triangle formatio
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Having Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned... moreHaving Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned for a shorting opportunity.
Share our post so more traders can benefit from our analysis and comment one thing you liked about the analysis.
Your support is always much appreciated.
Live Chart:
https://www.tradingview.com/chart/EURUSD/YNAcvmqH-EURUSD-Weekly-Market-Analysis-Nov20-Wk4/ />
#Bullishshark #descendingtriangle #EURUSD #CounterTrend #SharkPattern #HarmonicPattern #candlestickanalysis #supplyanddemand #candlestick #supportandresistance less
Having Bearish Butterfly reaching its first target and bounce back to the previous hight at the HOP level shows that the resistance is still in play. At this moment we have a descending triangle within a potential bullish shark pattern that I've planned fo
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A Bullish Shark setup as a countertrend trade meets a descending triangle , a breakout to the upside or downside is required to have a clearer picture of where the market will move and that is because of the RSI is neither in the overbought nor oversold... moreA Bullish Shark setup as a countertrend trade meets a descending triangle , a breakout to the upside or downside is required to have a clearer picture of where the market will move and that is because of the RSI is neither in the overbought nor oversold area.
How's your long weekend going? If you are thinking of more long weekend as I do, start doing things that can free out your time. The way I trade, I just need to spend 30-mins a day in front of my computer the rest of it took lesser time then I spending time on Facebook, Instagram and mobile games.
Join me at our 3-hours Live Workshop that's happening this month, Tuesday, 20 August 2019 in Singapore at 1900hr. A complimentary Ebook will be sent to you.
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Next Wednesday, 21August2019, 18:08pm-20:00(+8GMT) I will be going through 12 currency pairs on the mid-week analysis
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COMMENT 1 thing that you like about the analysis.
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Live Chart:
https://www.tradingview.com/chart/NZDUSD/LKcTDEDr-Trade-Ideas-Educator-NZDUSD-Triangle/ />
#askForex100 #NZDUSD #DescendingTriangle #ForexTrading #Breakout #Countertrend #BearishShark #SharkPattern #HarmonicPatterns #Forex #Trading #ForexTrading less
A Bullish Shark setup as a countertrend trade meets a descending triangle , a breakout to the upside or downside is required to have a clearer picture of where the market will move and that is because of the RSI is neither in the overbought nor oversold ar
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