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