EURUSD – pennant below the bull/bear Murrey line

September 7, 2013

The image above shows the eurusd making a possible pennant right below the all important bull/bear Murrey line. The blue line there acts as an important area an a break below/above it should be taking into consideration. What to look now is if this pennant measured move will come, and... View Article

EURAUD – Watching a possible bounce

September 5, 2013

even though there is no alternation between the second and fourth wave in terms of price structure, they do alternate in time and severity of the move, so the principle is respected......bouncing potential here

EURCAD – Piercing the 1-3 Trend Line

September 5, 2013

The chart above shows a possible ending diagonal and such patterns travel in five waves, but corrective waves, in the sense that they should be formed out of threes (abc's), simple or complex corrections. They also travel between the 1-3 and 2-4 trend lines and it is typical for such... View Article

EURUSD – Possible Zigzag on the Hourly Chart

September 2, 2013

  As the name suggests I am looking at a possible zigzag for the second correction on the eurusd pair and this analysis deals with such a situation and shows you what are the things to consider when having a potential zigzag. A zigzag is a corrective pattern and the... View Article

GBPUSD – Double Three Running

August 31, 2013

This four hours chart on gbpusd comes in line with what the eurusd is doing in the sense that both pairs seem to form the same pattern, a double three running. This is why I am looking for cable to break to the upside as well. Looking at the price... View Article

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