Tuesday, July 7, 2015

Eur/Usd : Triangle wave X?

There's a possibility for a triangle count for wave (X) as shown in the chart below. Should price break the wave a of the triangle low, wave (X) will finish just a bit lower. Yet another possibility is that wave (X) is already finished and this price action is part of wave (Y). 3 possibilities all have in common that price is near a bottom. On a side note, the chart has a different look because i have made it at tradingview.com, you can find me there under the name jdemunter.

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4 comments:

  1. Darren SammyMarch 26, 2017 at 4:27 PM

    It is extremely hard to say where EUR/USD is going to head next, as Trump policy are major spot light, so it is impossible to really say anything with certainty here. I would definitely like to have a go at buy here, but just need to make sure we work with proper way and strategy, as only then we will be able to work better and that is only way we will be able to gain money. It’s easier with OctaFX since they have lowest spread in the market starting from 0.1 pips, but that is not just that, it’s also about sticking on that way.

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  2. Rahul SharmaApril 16, 2017 at 8:46 PM

    This kind of pattern is no guarantee that we will get profits, so we need to go about things according to the situation instead of thinking in one-dimensional way. I always keep my thoughts according to the situation, it’s easier thanks to broker like TradeWiseFX with their brilliant support from tight spreads to fast execution to deposit bonus, it’s all there.

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  3. Emily WilliamJuly 24, 2017 at 1:26 PM

    Current module has no surety that EUR USD will catch any benefits, so it’s better to go around with the existing condition instead of thoughtful for any individual factor. So it’s kind of difficult to opinion anything with confidence in marketplace but traders just require formulating to work with accurate way and strategy to make best out of eur usd forecast profits on their investments.

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  4. freeforex20@gmail.comMarch 14, 2019 at 8:49 PM


    Bollinger BandWidth
    Bollinger BandWidth is an indicator derived from Bollinger Bands. In his book, Bollinger on Bollinger Bands, John Bollinger refers to Bollinger BandWidth as one of two indicators that can be derived from Bollinger Bands. The other indicator is %B.
    BandWidth measures the percentage difference between the upper band and the lower band. BandWidth decreases as Bollinger Bands narrow and increases as Bollinger Bands widen. Because Bollinger Bands are based on the standard deviation, falling BandWidth reflects decreasing volatility and rising BandWidth reflects increasing volatility
    Defining Narrowness and free forex signals
    Narrow BandWidth is relative. BandWidth values should be gauged relative to prior BandWidth values over a period of time. It is important to get a good look-back period to define BandWidth range for a particular ETF, index or stock.
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    Bollinger BandWidth is best known for identifying The Squeeze. This occurs when volatility falls to a very low level, as evidenced by the narrowing bands. The upper and lower bands are based on the standard deviation, which is a measure of volatility. The bands narrow as price flattens or moves within a relatively narrow range. The theory is that periods of low volatility are followed by periods of high volatility. Relatively narrow BandWidth (a.k.a. the Squeeze) can foreshadow a significant advance or decline. After a Squeeze, a price surge and subsequent band break signal the start of a new move. A new advance starts with a Squeeze and subsequent break above the upper band. A new decline starts with a Squeeze and subsequent break below the lower band.
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