Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...
Flag consolidation: The EUR/USD is developing somewhat of a flag pattern as it consolidates just under the 2012-high of 1.3485. This “flag” is a little premature as it lacks establishment of support, ...
https://www.dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2016/03/14/EURUSD-Retail-FX-Remain-Net-Short-Bear-Trap-or-Continuation.html The retail FX crowd ...
Consolidation, breakout: Gold has had a week-long consolidation between roughly 1267 and 1300. There were 3-4 attempts that failed to clear 1300, and basically 2 attempts that failed to push below ...
The recent correction in USD/JPY has found some buying support at the psychologically significant 102.00 handle, which is just shy of the 38.2% Fib Retracement level. Another Hammer candle formation ...
You can think of forex patterns, as dance patterns. You gotta find a pattern, memorize it, and use it as a signal for the next (dance) move. As naughty as the currency pairs may be, they often give us ...
EUR/JPY EUR/JPY is experiencing increased bearish pressure as price drops toward its previous swing low near 177.79 to test ...
The EUR/JPY has been in a steady uptrend marking a zig zag pattern followed by a huge bullish W pattern. At this point we have a possible continuation and a possible retracement to POC zone 129.95-130 ...