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Piotr Drabik

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Author of worldtrader.pl blog and big supporter of technical analysis. Active medium-term trader. In his analysis uses classical charts, price action as well as harmonic patterns and Elliott Waves. In trading he always tries to take into account two points of market's view, in accordance with the principle that each transaction may be attractive both for the demand and supply traders.

Euro Stoxx 50 Index, DAX30, CAC40 – a Breakthrough on German Index

The current technical situation on these indexes looks extremely interesting and promises us interesting returns in the week just started. Last week ended with a...

Harmonic Trading – GBPJPY, EURPLN

Last week I pointed to a potential harmonic formation on the EURPLN pair. If the CD was equal to AB, it would be a...

USDJPY – Another Attempt to Break Out from Consolidation

Since last week USDJPY can not get out from consolidation stretched between support of 108.70 and resistance of 109.70. On Friday morning demand is...

EURGBP Close to Significant Resistance

The situation on the EURGBP chart can already be called a true shopping frenzy. On weekly chart of the last 16 candles, only 4...

GBPJPY – Waiting for Test of Support 139.00

For almost 1.5 months GBPJPY moves south. The losses started with an unsuccessful attempt to break resistance at 147.80 and led the price to...

EURGBP – On 10-Month Highs

On Tuesday, demand for EURGBP continued to grow after breaking on Monday resistance at 0.9130. In the coming days we can expect the pair...

Outside Bar

One of the Best Price Action Pattern Outside Bar is one of the most effective price action patterns. This formation is very easy to notice...

USDTRY – Awaiting a Breakout from the Triangle

Since last month, USDTRY has clearly reduced movement amplitude. So slight changes in the rate we have seen in recent weeks are rather rare...

Double Top Pattern

Price Action Pattern Double Top pattern could be seen often at many time-frames. Sometimes it took very spectacular form when trend lasting many years start...

AUDJPY – Range of Declines of H&S Formation Completed.

In a August 3 analysis entitled "AUDJPY breaks neckline of H&S formation, bears target 86.45", I pointed out that the target would be 86.45...

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