does it matter to you ? that you see a hammer in combination of a unique three river bottom pattern ...
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Dislikeddoes it matter to you ? that you see a hammer in combination of a unique three river bottom pattern ...Ignored
DislikedEURGBP is another interesting one, on monthly chart a long candle (marubozu) shot through 0.9 ending on a median line
forming a shooting star or gravestone doji with this weeks close at or below its open could lead to a minor trend reversal (to 0.9?)
edit: though 1.0 is just 300 pips awayIgnored
DislikedBones, Hussin, Peaches et al ...
I had been doing my analysis on EURUSD for tomorrow and jotted down my thoughts. I then stumbled across what you guys had already posted here which I was pleased to see concurred with my thoughts which are ...
Over the Xmas period we’ve seen low volume consolidation which is typical of a holiday period and this has developed into a descending triangle on the daily chart. Coupled with the other points below I shall consider an entry to go short.
[color=darkslateblue]I shall make...Ignored
DislikedI've looked at this pair through a different lens and this 4 day chart shows a hanging man, closely followed by a shooting star, then 4 days of uncertainty.
I'd like to know what others think of this. Of course let's not forget the point that Silverheat mentioned about a potential historic EURGBP parity being very close by.
With EURUSD looking very bearish, could that add weight to a potential of EURGBP bear move?Ignored
DislikedI've looked at this pair through a different lens and this 4 day chart shows a hanging man, closely followed by a shooting star, then 4 days of uncertainty.
I'd like to know what others think of this. Of course let's not forget the point that Silverheat mentioned about a potential historic EURGBP parity being very close by.
With EURUSD looking very bearish, could that add weight to a potential of EURGBP bear move?Ignored
DislikedChart forecasts bearish conditions for gold IMHO:
1) hammer on the last day suggests trend is about to reverse and
1a) the candle occurs right under a descending trendline
1b) candle occurs right at a moving average, while the close is above this MA, the long shadow pushing below the MA suggests the move is losing steam
2) the day before, there was a bullish white candle, but its long lower shadow reveals doubt
3) two days before, the candle also shows the market has doubts because of its long upper shadow
4) an of course, gold is on a longer...Ignored