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Dargo

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Since 2010, he has been actively involved in the Forex market up to now. He is a supporter of Price Action and using as few indicators as possible. He believes that the simplicity of the system and consistency in its application is the best way to success in financial markets, and lack of patience is the most frequent cause of failure. Interested in classical systems based on Technical Analysis and in psychology - mechanisms that guide human behavior and conditioning decision making in trading.

USDJPY – bullish engulfing and a wedge – 11.05.2020

The USDJPY pair has been moving in a downward trend for 5 weeks, the quotes have taken the shape of a descending wedge. Usually...

AUDJPY – breaking out of an ascending wedge – 04.05.2020

  The AUDJPY pair has been moving in an upward trend for more than 6 weeks, which quite accurately...

GBPUSD – two Head and Shoulders, death cross in the background – 29.04.2020

On the GBPUSD currency pair an interesting system of two Head and Shoulders patterns appeared. Although there is still a while to...

EURAUD – on the edge… 27.04.2020

EURAUD has been on an upward trend for the last 3 years. From January 2017 to mid-March 2020 the price increased by...

AUDUSD- time to go south? 22.04.2020

Last week the AUDUSD pair reached the level of 0.6450, which is exactly 61.8% of the last downward movement measured from a...

GOLD- broken trend line – 20.04.2020

GOLD - last week ended with a strong accent, the price broke the local trend line and ended Friday's quotation at 1681...

GOLD (XAU) on the way to declines, will be cheaper? – 16.04.2020

The price is approaching the trend line (red) led from level 1565. Overcoming this line will result in breaking the sequence...

USDJPY – Head & Shoulders completed , neck line broken – 14.04.2020

I wrote about the USDJPY last week on 07.04 in the article: "Will there be H&S ?" Today's day answered this...

GBPUSD -Death Cross on daily chart – 08.04.2020

The most frequently used indicators of technical analysis include moving averages. There are several types to choose from, depending on the calculation...

USDJPY – will there be a Head and Shoulders formation? – 07.04.2020

Recently few Head & Shoulders formations appeared on currency pair charts. On EURUSD one has already ended (described here), after crossing the...

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