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In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of NZDJPY. In which, the rally from 24 March 2023 low unfolded as an impulse sequence and showed a higher high sequence. Therefore, we knew that the structure in NZDJPY is incomplete to the upside & should extend higher. So, […]
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$GBPCHF (6.10.2013)
Read MorePair has completed a cycle from 1.4814 with dip to 1.4400 and a recovery toward 1.4650 – 1.4700 region is now expected. 1st leg of the correction is nearing completion which should result in a pullback in the pair. As pair finds support in the region of 1.4450 – 1.4480, expect another leg higher as […]
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$GBPCHF 6.7.2013
Read MorePair made new lows as expected bouncing just shy of our equal legs target. Wave “W” appears to have completed and a recovery in the pair is now expected with initial focus on 1.4570 where we believe pair complete wave ( b ) triangle. Expect price to stay above 1.4400 now for this view to […]
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Trading a Higher Degree Success Rate Trade Setup
Read MoreTrading a Higher Degree Success Rate Trade Setup and Requirements for a Transaction 1 Trade The first thing needed is two time periods side by side together in the same direction of trend. It does not matter if the trend is up or down, it just has to be the same direction. I will mainly […]
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