2017-03-31_09-24 Forexmospherian Chart Patterns

Forex Live Technical Analysis for this EURCAD currency pair:

M30 Timeframe and a Rising Market = Bull Market

123B = Support Identified = Bulls in the Market

Ascending Triangle Break = Continuation of Bull Market

Bull Flag Break in favour of the Bulls = Continuation

Bull Flag Break in favour of the Bulls = Continuation

Deep Continue = Bulls still in the Market

123T = Reversal Sighted = Bears in the Market

Median Break = Bears Continue and the entry here correlated from a minor timeframe

Result = 114 pips short

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Comments

  • Great trading Gissa, I had this on my watch list but missed the opportunity to trade. On to the next one.

  • Thanks John and great trading by you too, just hope these posts help out a few folk to get the pips and find the Forexmospherians, current hold short EURCAD 179 Pips........ Sir Gissa ....Out !!!!!!!!

    3086903?profile=RESIZE_1024x10243086922?profile=RESIZE_1024x1024

  • Good to see James Stanley from DailyFX liked this EURCAD post in a Tweet, he is a good guy.

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Forex Market analysis relies on two types of analysis much like Stock Markets: Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more.

Jim M

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