Daily EUR/CAD candlestick chart. On 17 October the daily candle had a lower shadow which touched the (ex) medium term down trend line. A perfect pull back (to the static support too: a perfect confluence). Today the daily candle has closed higher than the previous candle. The low has been higher too. So the pull back is completed, for my point of view: I’ve decided to open a new long position in the EUR/CAD.
So far this blog has five categories:
Daily EUR/CAD candlestick chart. On 16 October I closed my long position in the EUR/CAD, with a good gain. The daily candle was a Spinnig Top, an indecision pattern. On 17 October the daily candle had a lower shadow (aka wick) which touched the (ex) medium term down trend line. A perfect pull back, for the moment.
Daily EUR/AUD candlestick chart. On 10 October I closed my long position in the EUR/USD. It seems that I was wrong. On 16 October the price movement has pierced the static resistance, with the daily close at 1,4624. The next daily candle was an Inside Bar. If the penetration is confirmed, I’ll be able to draw a new up trend line …
Daily EUR/USD candlestick chart. On 13 October I closed my short position in the EUR/USD, in loss. I was right. On 15 October the daily candle (a long bullish candle) closed above the last lower swing high, so I was able to draw a new short term up trend line. The medium term down trend line is still intact. The market is now in consolidation mood: the last two candles are Inside Bars …
Daily EUR/JPY candlestick chart. On 14 October the EUR/JPY pierced the static support at (about) 135,7 with a (nearly) long bearish candle with the daily close at 135,482. On 14 October the daily candle was an inside bar (aka Engulfing pattern), on 15 October the daily candle was an amazing Hammer with a very long wick (aka Pin Bar). An incredible Inside Bar False Break. The last daily candle was a Spinning Top, with the daily close above the static support. A very complex test of the static support …
Daily EUR/GBP candlestick chart. Last week the EUR/GBP tested the static resistance at (about) 0,7873, without breaking it. This week the currency pair has broken the static resistance (now support) at 0,7873 and has reached the static resistance at (about) 0,8033. The last static resistance has limited the price movement. It doesn’t make any sense to draw the (ex) medium term down trend line: I’ve erased it. Now the market is flat. I’m waiting for a Price Action on the supports.
Daily EUR/CAD candlestick chart. Today I’ve closed the long position in the EUR/CAD I’ve opened on 22 September. Yesterday the price movement broke the medium term down trend line (the short term down trend line lo longer exists), today the daily candle is a Spinning Top (an indecision pattern), so I’ve decided to close the long position (with a large gain). I’m waiting for a pull back on the (ex) medium term down trend line.
Daily EUR/JPY candlestick chart. Today I’ve closed the long position in the EUR/JPY that I opened yesterday, because of the daily close under the static support (now resistance). A new loss.
