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phillo

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Posts posted by phillo

  1. 8 hours ago, RomPathsSwap said:

    We could probably see a potential trend reversal, the chart is for education purposes only as many novices and experienced users may engage non leveraged positions or a different ratio than learnt about!  Not a financial advice!CAD_JPY_20220607_12_20.thumb.png.797014c2a3066d45cfd109f24c2de720.png

    certainly getting near a level of potential resistance 

    Capture cadjpy.PNG

    • Like 1
  2. the main thing is , they give you the basis to start looking deeper into analysis. Another saying is, when doing analysis, always start with the higher time frame first & then drill down to lower time frames to find specific entries. So a clean chart on a higher time frame isn't enough on it's own , in my opinion , but as you say, they can provide the backbone of technical analysis

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  3. looking at a monthly chart, you wouldn't think it would.  the "wedge has broken to the downside, however there is what some may consider previous support around here ???  .  Further downside could be into that brown rectangle ( an old order block ? ) . While the Fed are raising rates, the ECB still are unable to get past the "talking about" phase, & remember they are still doing QE !!!

    Capture eu.PNG

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