Gann Fan
my vision for DXYall the details are marked on chart but let say here that the last main trend is downtrend
and its correction less than 38% so it means the downtrend still strong
but lets hope that the support of 2018 can be the support for this year too
for the head and shoulders we can see weak diverge so may be it turn to continuous shape
USDCHF Sell de Rally and BlindI will sell, if asked to take a profit where at least 1.382% like the analysis image,
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Disclaimer :
This is just a personal analysis as an analysis note, and it means a lot to me.
Please do not act as a signal to enter a trade because the analysis I post can be wrong.
If you follow this analysis please complete it with great detail And always with care.
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Price Action Trading MOdern (PATMO)
PLTR Bottom?Had a great run after it formed a symmetrical triangle and broke out. Since the breakout, we have pulled back nearly 40%. Like many of my analyses, we see key pivots in the stock at the 8/1 Gann angle. I believe this along with the fundamental news of the companies quarterly earnings will continue this breakout and bring the price above the recent highs of $44.
DXY: Advanced Gann Analysis; Dollar Ready to Rally?The Dollar appears to have found it's legs and bounced off of a deep down trend angle. This could be a sign that the Dollar is ready to rally. Additional confluence will be needed to be secure in longing from here, but probabilities look good that new local highs may print in the near future.
Corn: A Potential Fade Approaching Corn seems to be in the final stage of a bullish run here. In terms of % gain, it is almost at the psychological 100% increase area from Mar'20 low. Short risk exposure is becoming more risky at these levels. With another push higher, some decent supply inflows are expected.
GBP/USD: Wargaming the Remainder of February.Ah, GBP...she's enough to make a grown man cry sometimes. We just witnessed the market make a massive breakout bull run against the USD, with not a single significant pullback. Shall the insanity continue into March? Or shall we see GBP cool her heels a little bit in the massive liquidity pools that have been building below for ages now? In this analysis I use the Gann Fan to assist with projecting price into time. The market seems to want to do everything it can to keep GU from making any type of significant retracement on the higher time frames. These fans were somewhat difficult to pull handles for, as price action has been extremely one sided for quite some time now. Time for a rest, perhaps? Let's find out...
What do you think? Let me know in the comments which scenario you think is more likely and why!
AUD/USD: Wargaming the Remainder of February.In this analysis I use the Gann Fan to assist in projecting price into time. I've come up with two probable scenarios based on previous price action and current market context. Given the incredible bull run that AUDUSD has been enjoying, it's easy to favor more upside. However, developing market structure at this level suggests a potential period of consolidation or even moving to retest support or make new lows below last support into March.
Which scenario are you most biased towards? Let me know in the comments which one you favor and why!