Piotr Drabik
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.
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...
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...
