Technical Analysis of the Foreign Exchange Currency Pair EURHKD before going Long the market 6,200 pips.
Hopefully a few managed to wrap the 1200 pips from yesterdays alert Forex Trade EURHKD 5,000 Pip Long and got involved with this pair by at least scalping it old school.
To recap just in case this one was over looked and never made it through your Orbit out there in the Forexmosphere :
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) prints on demand so let me know if anyone wants a reading for the following time frames:
FPA CBA (Up to and greater than 1 hours notice), 5 Second FPA, 1 Second FPA, 0.05 Second FPA
Advanced Technical Analysis for EURHKD M15 = 123B + Channel Break + MC + Channel Break + MC = Long
Best Regards,
Sir Gissachance
Comments
Awesome charts, fantastic alert, this kind of technical analysis really is learned over thousands of hours and takes years to perfect to an awesome standard like this. Really appreciate the explanation with live charting. 1200 pip 24 hour alert is breath taking! Thanks for sharing.
Cheers for the pips here Sir Gissachance, I managed 1,000 of these pips in the 24hrs after posting. As Forexmospherian says breath taking and Forexmospherian posted his take on EURHKD this afternoon re: "I am like a Dog chasing Cars" so just wondering where you are on this pair and if you're holding any new positions or flat EURHKD? I appreciate you may not want to say, so a groups fx post will do for the reply.
Holmes
Evening Holmes,
Glad you took the pips. EURHKD has been a Peach, currently 8,000 Pip Long and Hold.
The techs:
Important resistance level approaching.
Daily = 3B + MC + DC + Desc Tri Break (MC) = Long
JBCB CBA = Positive
FPA CBA = Negative
Cheers Sir Gissachance, This has been on my radar for a while and thanks for confirming the Kraken, got the same numbers and looking at the response at these levels shortly. Thanks for these alerts and this one too, re: "I am like a Dog chasing Cars"
Dear Holmes,
Well done for tracking this pair and saying, the numbers are available if anyone wants the updated Forexmospherian Currency Kraken reading. Just glad you like the posts and found the Forex alerts in good time. Currently EURHKD 8,600 pips long and hold and my only hope is, oh nevermind ;0)
Best Regards,
Sir Gissachance