Tuesday, January 19, 2021

Two key components of the different markets.

  Before showing you the details of the strategy, it’s important to understand two key components of the different markets. Why do prices move in any market? Price in any market turns at price levels where demand and supply are out of balance. The consistently profitable trader is able to identify a demand and supply imbalance which means knowing where the actual buyers and sellers are in a market. By quantifying institutional demand and supply areas on a price chart, you can identify market turns and market moves in advance with a very high degree of accuracy.

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EUR/GBP

 

EUR/GBP
07-Jan-08:00 -> 19-Jan-22:00
Target Level: 0.8884
 
SL: (A) 0.8884 Last TP of Triangle
RL: (B) 0.8919 Last TP of Triangle
Target Period: 2 days
 
Interval1 hour
PatternTriangle
Length154 Candles
Identified19-Jan-19:00
Triangle identified at 19-Jan-19:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 2 days.
Supported by Downward sloping Moving Average

AUD/USD

 

AUD/USD
31-Dec-14:00 -> 19-Jan-22:00
Target Level: 0.7659
 
SL: (A) 0.7659 Last TP of Descending Triangle
RL: (B) 0.7724 Last TP of Descending Triangle
Target Period: 2 days
 
Interval4 hour
PatternDescending Triangle
Length37 Candles
Identified19-Jan-22:00
Descending Triangle identified at 19-Jan-22:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7659 within the next 2 days.
Supported by Downward sloping Moving Average

Monday, January 18, 2021

EUR/GBP

 

EUR/GBP
31-Dec-09:00 -> 18-Jan-22:00
Target Level: 0.8884
 
SL: (A) 0.8884 Last TP of Channel Down
RL: (B) 0.8924 Last TP of Channel Down
Target Period: 3 days
 
Interval1 hour
PatternChannel Down
Length217 Candles
Identified18-Jan-17:00
Channel Down identified at 18-Jan-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.8884 within the next 3 days.
Supported by Downward sloping Moving Average

EUR/CHF

 

EUR/CHF
06-Jan-06:00 -> 18-Jan-22:00
Target Level: 1.0815
 
SL: (A) 1.0740 Last TP of Channel Down
RL: (B) 1.0815 Last TP of Channel Down
Target Period: 2 days
 
Interval1 hour
PatternChannel Down
Length157 Candles
Identified18-Jan-20:00
Channel Down identified at 18-Jan-20:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.0815 within the next 2 days.