Monthly: The pair is seen trading within a bearish channel formation. Trendline resistance is seen at 1.2576. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. There has been little net change for the last two months as we hold within the lower half of May’s (2018) trading range. [shortcode-variables s...

2018-08-10 Ian Coleman Read more
Butterfly Patterns

Now despite its pretty name, this pattern can help you catch some deadly market reversals. As ever there are a few different measurements and parameters that we need to learn for identifying this pattern so stick with me here as we go through those. We’ll take a look at a diagram of what the pattern should look like first of all before moving ov...

2018-04-10 James Harte Read more