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Forex Blog Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

Forex Trade EURHKD 5,000 Pip Long

Technical Analysis of the Foreign Exchange Currency Pair EURHKD before going Long the market 5,000 pips.

I was watching this pair in a rising wedge chart pattern with a Bear bias but the actual price was positive because Bulls had the bottom with support.

Forexmospherian Currency Kraken had CBA ( Crystal Ball Analysis up to and greater than 1 weeks notice) printed Positive back in March 2017 thus giving me advanced notice to prepare for the Long and scalp in that direction with a view to get a position.

The Bottom end pattern here is actually Bear Claws and needs to go in the note book for one to watch much later at that mark.

So the over all pattern a rising wedge or can be seen as 123B which breaks to confirm the bulls have the market. Incidentally, the break of main resistance also formed main top line of the rising wedge  too, therefore I began to enter long trades from there but no hold trades. Currently the Daily patterns for a Deep Continue to Long but is not confirmed. We also need the minor frames for entry and confirmation.

Forexmospherian Particle Accelerator (FPA) currently prints:

FPA CBA (Up to and greater than 1 hours notice) = Negative

5 Second FPA = Pos

1 Second FPA = Pos

0.05 Second FPA = Neg

Best Regards,

Sir Gissachance

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Sir Gissachance (PPND)
Forex Trader and Senior Technical Analyst
Currencies USD, EUR, GBP, JPY, AUD, CAD, NZD, HKD, CHF, All.
Previous contributor and lead Trader: Secret Forex Society (SFS), IRC Forex, FXStreet, Forexmosgate, Forexmospherians.com
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Comments

  • Awesome trade and an excellent FX alert

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