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Forex Blog Market Analysis - Forexmospherians.com

Viktor
Senior Forex Market Analyst
Contributor at Forexmospherians.com
Currency Pairs USD, EURO, GBP, AUD, CAD, NZD, JPY

Comments

  • or drawn like this gives more room to downside, which means eur could go a bit up, and all other usd related pairs could also advance a bit

  • Dear Viktor,

    The nearest we have is EPR and a few other methods which can prepare us for market potential, hope the attached sheds some ForeXmospherian light on the matter with labels for PA.

    Best Regards,

    Sir Gissa

  • Hmm, didn't see it as flag, but that could mean a lot of reversals

  • It happens sometimes Viktor, we can miss the pattern, have an opposing view, which is fine, or the PA and pattern evolves into something completely different. Just have to stay alert and keep a sense of awareness along with the same conditions for strategy; bias if appropriately identified and applicable, range if applicable, initial entry stop, entry, trail and firewall via stops already in place.

    Best Regards,

    Sir Gissa

  • could this be giant bull flag on weekly??

  • Bull Flag forming on lower TF, currently USD is dropping

  • still room to downside, still much possibility this is a large bull flag

  • nothing definite to the upside, could surprise us with some down move, probably there will be some bouncing around

    IMHO looks like it will to try to break to the upside, and as even after FOMC USD showed some strength I will be looking to buy USD

  • expecting some pullback to green arrow, then some resistance on red arrows, USD bullish inside  what looks like wedge pattern (continuance!?)

  • and weekly, right in middle 

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