Friday, December 11, 2020

Trading systems like the Elliott Wave Theory make you money!

Trading systems like the Elliott Wave Theory derives its value from anticipation. And that anticipation comes from identifying the fractal the market is wanting to form next. The challenge is that there are points where you can't really be sure what the fractal is, and you simply have to take a step back and wait it out. When the market reaches those points, you can generally simplify your approach assuming you choose to attempt to trade at all during such times which is up to the individual trader.  Forex Trading professional training videos

USD/CHF

 

At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : USDCHF   

Direction : 
Identified time : 2020-12-11 08:00 EST
Breakout price : 0.8892
Forecast price : 0.8917
Forecast pips : 25
Probability : 69.49 %

Pattern : Falling Wedge
Interval : 240 Min


Pattern : Resistance
Interval : 240 Min

Thursday, December 10, 2020

GBP/USD

 

At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPUSD   

Direction : 
Identified time : 2020-12-10 15:31 EST
Breakout price : 1.3306
Forecast price : 1.333
Forecast pips : 24
Probability : 65.98 %

Pattern : Triangle
Interval : 15 Min


Pattern : Triangle
Interval : 15 Min

GBP/USD


At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : GBPUSD   

Direction : 
Identified time : 2020-12-10 11:04 EST
Breakout price : 1.3274
Forecast price : 1.32443
Forecast pips : 30
Probability : 68.57 %

Pattern : Pennant
Interval : 30 Min


Pattern : Support
Interval : 15 Min

EUR/JPY

 

 At least 20 pip forecast
- The key level and chart pattern were at most 5 candles apart at time of identification
 



Symbol : EURJPY   

Direction : 
Identified time : 2020-12-10 08:59 EST
Breakout price : 126.556
Forecast price : 126.7627
Forecast pips : 21
Probability : 71.04 %

Pattern : Double Bottom
Interval : 60 Min


Pattern : Resistance
Interval : 30 Min