alexbright25

alexbright25 Sep 30, 2023

Trade the chart not your expectations EUR/USD has experienced a bearish trend since the 18th of July, moving towards a recent low of 1.04881. This is precariously close to this year’s established low at 1.04819, with expectations leaning towards a breach of this support level in the coming sessions. The absence of any significant retracement suggests a...

alexbright25 Updated  Sep 27, 2023

Beware of the Sloping Flag: Looks Can Be Deceptive The sloping flag appears similar to the traditional pattern we discussed, but with a different angle. This has led to confusion in Forex trading, as some mistook it for a bull flag pattern. The EURUSD Daily chart displayed an upward sloping flag. This pattern indicated trend exhaustion rather than a...

alexbright25 Updated  Jun 30, 2023

The recent 300+ pips surge in PEPPERSTONE:EURUSD , devoid of pullbacks , raises the possibility of a downward movement in the pair next week. Several factors support this notion, highlighting a potential decline in the EUR/USD exchange rate. Overextended Bullish Momentum: The absence of retracements in the recent rally suggests a potential overextension of...