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⁣The Sunday Market Blitz….⁣ 🏈 ⁣ Every Sunday we post our analysis for the week ahead…⁣ 📈📉 ⁣ We aim to focus on the higher timeframe daily and h4 in order to get an idea of the overall market structure....⁣ ⁣ We want to bring you the complete chart breakdown this way you can get a feel for how we analyze these pairs using our top down approach and we don’t hold anything back…⁣ ⁣ 🔸Monthly Key Levels⁣ 🔹Weekly Key Levels⁣ 🔸Market Structure⁣ 🔹Fibonacci⁣ 🔸Trendlines⁣ 🔹Candlestick Analysis⁣ 🔸Entry Zones⁣ And more…⁣ ⁣ Make sure to tune in next Sunday to see what pairs we’re looking⁣ 👀 #Loading⁣⁣   #Savedbyfx⁣⁣   #ForexLeague  

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Ascending Right Angled Broadening Pattern. Short-term bearish reversal pattern. Throwbacks and breakout day gaps hurt performance. Tall patterns perform better than short ones. Patterns both tall and wide outperform. Heavy breakout volume helps performance. Shape. The overall shape of the formation looks like a megaphone with one side horizontal. Horizontal bottom support line. The bottom of the formation follows a horizontal trend line, while an up-sloping trend line bounds the top side. Up-sloping top trend line. The top trend line touches at least two minor highs. The horizontal trend line also shows two minor low touches as prices descend to the trend line. The various touch points help define the boundary of the formation. Downward breakout. Once a breakout occurs, a pullback sometimes happens. Prices may continue moving up but they usually bounce off the lower trend line and continue back down. A pullback gives investors another oppor- tunity to short the stock or add to their short position. Before shorting, how- ever, make sure the pullback is complete and prices are declining once again. Measure rule. The measure rule predicts a target price. Compute the height, the difference between the highest high and the horizontal trend line in the formation. For upward breakouts, add the height to the highest high in the pattern. For downward breakouts, subtract this value from the value of the horizontal trend line. The result is the target price. The target should serve as the minimum price move to expect, but with ascending broadening formations, prices usually miss the target. Bull market accuracy ranges from 68% (up break- outs) to 32% (down breakouts). Bear markets targets are correct 43% (up breakouts) and 51% (down breakouts) of the time. Wait for confirmation. If you own a stock and it shows a broadening pattern, get worried. Many times the breakout will be downward, so be ready to sell. Only sell when the price closes below the horizontal trend line. Prema- ture breakouts are rare, but they do occur. Do not be fooled; wait for a close below the lower trend line.

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Posted with the wrong chart... This is the correct one! GBPCHF You’ll win and lose but with persistence and correct RR you cannot statistically go wrong so why not rely on that... We hope you all have a great trading week! SURFTHEWAVE SURFTHEWAVE SURFTHEWAVE

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