What is a Pennant Pattern? A Pennant Pattern is something I often look for when analyzing charts because it helps me anticipate potential price movements. It usually forms after a sharp price movement, called the "flagpole," followed by a period of...
GBP/ USD: A Roadmap to Successful Trading Our conversation revolves around real-time evaluation of the GBP/ USD currency pair's price action. So, yesterday the quotes left the sideways channel in the southern direction and resumed the downward...
Analysis of the EURJPY pair in the H-1 time frame. The trend direction running in the EURJPY pair has changed to bearish. The EMA 50 and SMA 200 which were previously getting closer managed to cross perfectly to produce a death cross signal. Thus,...
EUR/USD Price Action Alerts We will discuss the current behavior analysis of the price of the EUR/USD currency pair. Based on recent Fibonacci analysis, the market has already moved below the correction zone, confirming a downward exit from the...
What does a Gravestone Doji mean? A Gravestone Doji is a candlestick pattern I’ve come across in technical analysis, and it often signals a potential bearish reversal in the market. Its appearance is pretty distinct—it looks like a...