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-What Do Triangles Mean? -When Do Triangle Corrections Occur? -How to Trade the Following Breakout Have you ever felt like the market has no idea what it wants or where it wants to go? This is often seen on the chart as a trendless sideways move with a lot of overlap and no clear direction. However, if you step back, you begin to recognize a pattern that can provide clues as to the next possible move with a favorable risk reward ratio. What Do Triangles ...
US Dollar Forecast– Dollar on the Verge of Major EURUSD Break After NFP-Led Rally The US Dollar has dominated the FX market in the second half of 2014. Japanese Yen Forecast – Yen to Look Past Japan Election with US Policy, Seasonal Forces Key Domestic developments remain largely an afterthought for the Japanese Yen even as the December 14 snap election looms ahead. British Pound Forecast – GBP/USD Downside in Focus on Fed Expectations, Bearish RSI Momentum ...
Traders should look for biases (trends) in the effort of getting the probabilities of success on their side, if even just by a little bit.There is a massive difference between trading and analysis, and risk management can assist in bridging that gap.Price action can offer traders built-in methods for managing and setting risk based on the environment in which they’re trading. Technical analysis is to use what’s happened in the past in the effort to trade what may happen in the ...
US Dollar Forecast– Dollar May Not Have a Quiet Thanksgiving... From a fundamental perspective, the Dollar’s interest rate backdrop seems to be mired in debate over the timing of the inevitable first hike. Japanese Yen Forecast - Yen Looks Past Japan Recession and Election Risk, Sentiment Trends Key The Japanese Yen may rise as markets look past the onset of recession and looming general election risk to focus on the trajectory of sentiment trends. British Pound ...
-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 ...