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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.

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...

Oil Prices Up. Crude WTI Above Resistance 50.00

Crude WTI breaks high from 25 May From July 24 to July 31, price of oil gained almost 10%. As a result, on Monday, price...

Overtrading – Gambler’s Mistake?

Overtrading is the unreasonable trading activity. Traders investing on markets which are open around the clock may be greedy. And a feeling that greater...

Harmonic Trading – BAT Pattern in Progress on USDCHF

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...

USDCHF – Bulls Make Up Wednesday’s Losses Caused by FOMC

Last week's test of the support at 0.9440 had to trigger a counter action of bulls on the USDCHF, and it happened, although Wednesday's...

USDCAD Lowest Since May 2016

USDCAD, after reaching a 14-month high at 1.3790, started a downward rally which lasts for almost 3 months. During this period, there were as...

Harmonic Trading – BAT Pattern at NZDJPY

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...

GBPUSD – Bulls Trying To Return Under Resistance 1.3030

Since mid-April, GBPUSD is moving in a consolidation between support at 1.2660 and resistance at 1.3030. Less than two weeks ago, it seemed that...

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