Technical Analysis

EUR/JPY Huge Marubozu After French Elections


The EUR/JPY had formed a huge marubozu candle (purple highlight) on 4h time frame after it was announced that Emmanuel Macron won the first round of the French presidential elections. If you followed my Price Action Trading School, than you should know that marubozu candle appears during high momentum...


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Forex Markets Reacts to French 1st Round Election


A live analysis of the Forex market as it reacts to the 1st round of the French Presidential Elections. The EUR/USD bullishness during the weekend could extend further if a certain pattern occurs (explained in video). The GBP/USD is building a triangle with key levels marking its targets and the...


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USD/CAD Bullish Marubozu on Daily Timeframe


The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89) the POC zone should spike...


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​​GBP/USD Bullish Pennant Targeting Higher Levels


The GBP/USD spiked heavily after UK PM Theresa May called for snap UK elections on June 8. UK PM May stated that these elections might further instill the stability in UK and would provide stability for longer period. Traders favored UK PM's reasoning and the GBP flew off above weekly...


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​EUR/JPY Bearish Zig Zag Within Equidistant Channel


Bank holidays are usually days when low volatility is expected. Yen pairs tend to move with equities, especially Nikkei, so we have seen some volatility in the Yen during the Asia session. The POC for EUR/JPY comes within 115.75-95 (EQ channel top, ATR high, W H3, EMA89) and should reject...


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