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ForeCastle

  1. EURUSD Begins Multi-Week Rally

    by , 12-17-2014 at 10:49 PM
    Talking Points
    -Elliott Wave Theory can provide clues to our location within the EURUSD trend
    -EURUSD finished a proposed ending wave of an ending wave of an ending wave suggesting a multi-week low on December 8, 2014
    -Initial target zone is as high as 1.2900

    EUR/USD Daily Chart




    Fibonacci Wave Ratio Analysis ...
  2. USDJPY Elliott Wave Analysis - clues to our location

    by , 11-23-2014 at 07:25 PM
    -Elliott Wave Theory can provide clues to our location within the USDJPY trend
    - USDJPY continues climbing higher in 5th of 5th wave
    -Daily chart shows wave relationships and reaction level in the 119 handle

    USDJPY Daily





    Fibonacci Wave Ratio Analysis

    • Green wave 5 projects to 119.54
    ...
  3. Price Action and Patterns - Pre-Trend Chart Patterns Every Trader Should Know: Part I

    by , 08-02-2014 at 01:51 AM
    Pre-Trend Chart Patterns Every Trader Should Know: Part I

    Talking Points:

    • Benefits of Pattern Recognition
    • The First Pre-Trend Pattern: Zig-Zag
    • Setting Stops & Profit Targets

    “…markets are chaotic in nature, but within this chaos are non-random patterns that repeat and are predictable”
    -Larry Pesavento,

    Some traders love to look for common price action patterns before entering in the direction of the overall trend to improve ...