Today we are going to investigate structure formation and behaviour of some basic patterns. Identifying the patterns will help you to predict the move correctly. If you identified the pattern correctly means, your half of the work was done to predict the next move. In above, there are three basic patterns are drawn. Those are all most repeated patterns in market. 1.Falling Wedge reversal pattern. This pattern used to form after an impulse. Most of the time it will reverse the trend. Formally, the impulse directs a correction in a closed consolidation chamber. the consolidation should be wide at the start and narrow at the end. (shown in the graph) At a certain point, the signals will break the trend/consolidation chamber with the help of impulse to form a flag to reverse the pattern. ADD-ON: For trading, wait for the breakout confirmation and decide your trade. 2. Descending channel reversal pattern. In that, an impulse heads the correction in a parallel chamber. the signal travelled evenly inside the chamber. At a particular point, it forms an impulse to get out from the chamber and from a flag to shift the pattern. FOR TRADE: wait for the breakout confirmation. 3.Flag formation […]
Dollar index opens a chance for small trade (profit), as a correction. This pair seems to be losing its bullish momentum after an extended up run. Presently, the market landed at 1.32879. Followed by an unwanted impulse. At 1.31045 the market desperately formed an impulse and broke the trend line (shown in the graph). That impulse creates an opportunity for small trade. By its previous movement, the resistance becomes support for the price range. This action may tend a pullback and correction. I hope that correction will be a good chance to bag some profits. The signal may fall to the previous breakpoint as a correction to equalise the impact. On the other hand, I placed the stop loss at previous resistance high.1.33563 In case if the pullback and correction don’t happen means don’t worry it won’t be a loss for you. Bottom line, if no pullback/correction means, quite the trade at 1.33563 SIGNAL SPECIFICATION: Pair: USDCAD Order: SELL Entry: 1.32879 Take profit: 1.31288 Stop loss: 1.33563 Risk Vs Reward: 2.33 ————————————————————————————————— Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. […]
The EURUSD approaching a strong resistance zone. In an hour time frame the chart printing signals in a sideways. on a close look from 1.16376 the market moving in a sideways. At 1.18258 market forms a solid impulse and turned the trend to down (shown in the graph). This impulse made a huge impact on the market By its impact, the chart printing the signals on sideways. After that, the market moving in the closed resistance and support zone as a correction for that impulse. (shown in the graph). Currently, the market stick at 1.15812 in a closed consolidation. Now we have a chance for two possibilities. In consolidation, already there is an impulse printed. (shown in the graph) By that fact as a reaction, I will expect a small impulse for short time trade. the jump may up-to 1.16451 or else it will continue to move in sideways. In that case, end the trade at 1.15307 Eyes on the chart and decide our trade. SIGNAL SPECIFICATION: Pair: EURUSD Order: BUY Entry: 1.15812 Take profit: 1.16457 Stop loss: 1.15307 Risk Vs Reward: 1.4 Our Unique Features: 1. Follow our 15 signals ….10% equity will increase in your account for sure. […]
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