Piotr Drabik
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...
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...