EURUSD Elliott Wave Forecast: Enough Evidence Points to ...

How to Use the MetaTrader

The online metatrader platform is the platform of choice for almost all Forex traders. Even traders that are not currently using it, know what the platform is and its capabilities. The platform is offering three types of charts that are possible to be used when analyzing the market: a line chart, a bar chart, and candlesticks chart. A line chart shows a simple line that rises and falls together with the price of a currency pair. It has little or no importance in the technical analysis of a market. Bar charts show bars in a time frame that have the high and the low of that time frame, as well as the opening and closing level. This is enough for trading theories to be developed and for traders to try to interpret and forecast future prices based on how a bar chart is looking like. A bar chart on the monthly chart means that each bar represents one month and the high and the low in that bar, as well as the opening and the closing prices, are the ones corresponding to that timeframe, the monthly time frame.
What to do with MetaTrader platform For this reason, the trading theories developed based on interpreting bar charts are considering the time frames used in the analysis. From the daily chart above to the weekly and monthly, the trading style is suited for swing trading and investing, while lower time frames are favored by traders that scalp their way in a trading session. A candlestick chart is, by far, the most popular chart type used by retail traders. There are multiple candlestick patterns that can be interpreted and used, thanks to the Japanese Candlesticks techniques.
The Western world was surprised to find out that the Japanese have their own way to predict future prices: patterns based on candlesticks. Up until this moment, it was believed that the classic patterns like the head and shoulders, the rising and falling wedges and others alike, are the only approach to technical analysis. Trading theories like Elliott Waves and other were not even invented when the Japanese candlesticks became popular. The candlestick techniques are mostly used to forecast reversal after strong trends.
A candlestick has two part: the body and the shadow. The body is being marked by the space between the opening and the closing price. If the closing price is higher than the opening price, the candle is bullish, and typically it is colored in green, as this is the color associated with a market advance. If the closing price is lower than the opening one, the candle is a bearish one and it is associated with the red color.
The hammer is the most popular Japanese candlestick pattern. It is formed out of a single candle, and the body of a hammer can be either red or green, without influencing its outcome. As a rule of thumb, the hammer is a bullish pattern, and this means it appears at the end of bearish trends. A bearish trend that ends with a hammer will most likely reverse, as the hammer shows bulls are stepping in. Typically, a hammer is having a very long shadow. The bigger the shadow, the more powerful the pattern is. The opposite of a hammer is called a hanging man, and the idea behind trading and interpreting it is the same like in the case of a hammer, with the only distinction that the hammer calls for long trades to be taken, while a hanging man is a bearish pattern and shorts should be traded. The idea behind this article was to get you familiar with the Japanese candlestick techniques and the hammer is the most representative of them all. Other patterns fit in this category as well, but they should be the subject of a different topic.
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January FOREX Forecast on USD/JPY

First numbers of January. USD/JPY Weekly Forex forecast. The ratio of the dollar against the Japanese yen in recent years has changed a lot in the direction of the dollar. The economic situation in Japan can be read in the calendar of events of the Forex Market News. After September 13, the economic situation in Japan was shown in the chart. The formation of a new trend going on at a brisk pace. The currency pair EUUSD increased by 360 pips up to 80.70 point. And then, the currency pair went into a small correction to 79.06 and then the pair went into a small correction, and then it increased again by 760 pips to point 86.65. Ultimately, USD/JPY increased by almost one thousand pips. On the chart we will look formation of the fourth wave by Elliott. By Elliott Wave theory the fourth wave is usually a horizontal channel, or another flat. The fourth wave can down to maximum of first wave down to point 80.70. And after that moving maybe growing up higher than USD/JPY - 89.30. We recommend opening the transaction after the fourth wave on timeframe Daily. It is possible that when the fourth wave is below the first wave - then you have to follow the formation of a new downwards trend. More here
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Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD ... Elliott Wave Forecast - YouTube Elliott Waves Forex Strategy EURUSD Further Strength Expected  ELLIOTT WAVE FORECAST Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD, Gold (20 JULY 2020) Elliott Wave Forecast by

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Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD ...

Forex Forecast Elliott Wave for S&P 500, EUR/USD, AUD/USD, Gold (September 28, 2020) In this video I will show you Elliott wave forecast on the following ins... To learn more about Elliott Wave, ... Daily Market Analysis call - February 21, 2020 - Duration: 23:52. Trading with Venus 585 views. 23:52. Elliott Wave Structure and Fibonacci Ratio Seminar ... EURUSD shows incomplete sequence from Oct 1, favoring further strength. This video looks at the short term Elliott Wave path. 2 for 1 End of Year Promotion: 14 days FREE ... - Daily Target spreadsheet. - 3 to 5 signals everyday. - Before using our signals you will be given videos,audios and texts on how to use our signals, remember it is even more dangerous to pick up ... Resource: The video explains how you can trade the Spot Forex currency pairs using my Elliott Wave Forex Foreca... Forex Day Trading System - Duration: 5 minutes, 20 seconds. 39 views; 5 years ago; 11:32. Elliott Wave Analysis - Forex Forecast August 2014 - Duration: 11 minutes, 32 seconds. 36 views; 5 years ... In this video I will show you Elliott wave forecast on July 20, 2020 on the following instruments: S&P 500, EUR/USD, AUD/USD, Gold on daily charts. Read more: https://www.forexstrategiesresources ...