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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.

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...

AUDCAD – Breaking Upper Limit of the Triangle

Movement inside the triangle, which lasted more than 2 weeks has just finished. Bulls managed to push AUDCAD sharply (well visible at H1 interval)...

GBPJPY – Test of Lower Limit of Consolidation

For almost 6 weeks, GBPJPY is moving in a flat consolidation. Price in this period moved between support 144.20 and resistance 147.60. GBPJPY approached...

AUDJPY breaks neckline of H&S formation ,bears target 86.45

As expected the neck line is broken On Tuesday's analysis, I pointed formation of Head & Shoulders on AUDJPY and high probability of its activation...

NZDJPY – Resistance at 83.60 Remains Undefeated

Pivotal mood change Last week NZDJPY reached highest level since June 2015 but in this week sentiment completely changed. Demand once again failed to break...

USDCAD – Move Towards Upper Limit of Bearish Channel

Supply failed to break support in the 1.2460 - 1.2420 zone. Attempts lasted almost 5 days, however, bulls this time won and pushed USDCAD...

Harmonic Trading – Bullish Gartley on AUDUSD

Trading based on harmonic formations mostly depends on proper measurement of Fibonacci retracement in relation to price movements. A description of all the patterns can...

AUDJPY – Head & Shoulders Formation -Possible Declines to 86.45 ?

From the beginning of June 2017 bulls rulez on AUDJPY, and bears only with disbelief could watch this rally. At the moment, however, there...

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