- Charts: 4 Hours, 1 Day,1 Week.
- Elements used: Fibonacci Fan Lines,Fibonacci Retracements,Supports & Resistances.
- Prepared with : JForex 4.
- Current Level : 1.0094
Metal_Mind's Blog
AUD/CAD - Retracement within Channel up !
GBP/NZD-Breaking the Channel down !!
Charts: 4Hours, 1 Day.
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 2.0084
GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …
Elements used: Pattern Analysis Widget, EMA 3,5,13,21,50,100,Time Markers.
Current Level : 2.0084
GBP/NZD as can bee seen on the chart bellow is in a channel up pattern formation,but there is very interesting about this particular formation. If we look closely we can see that while forming this channel up the pair made 3 resistances each one higher than the other and 2 (highers low) supports . I analyze this pair for quite some time now and i see here a distinct …