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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.

GBPUSD – Bulls Trying To Return Under Resistance 1.3030

GBPUSD Piotr Drabik -
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...

USDCAD – Broken Level 1.3000 Opened Way To Deeper Declines

Analysis Piotr Drabik -
On beginning of May this year demand ruled on USDCAD and price reached 15-month high around 1.3740 area, and it may seem that further...

USDCAD – Bullish Response On 1.3000 Support

Analysis Piotr Drabik -
From the May 5 high USDCAD is regularly sold out. The drops were so far interrupted only by not very deep corrections and  price...

EURUSD on Years High – Targets Resistance at 1.1480

Analysis Piotr Drabik -
EURUSD chart looks very interesting. As a result of message coming from the European Central Bank, or maybe it was merely an excuse, EURUSD reached...

Oil Prices Up for Fourth Consecutive Session

Analysis Piotr Drabik -
The last three sessions gives hope for oil demand. However, it is worth looking on oil charts in longer term than only last few...

AUDNZD Lowest Since January 2017

Analysis Piotr Drabik -
Declines on AUDNZD has been going on for three months. In previous week demand tried to reverse this unfavourable situation which ended in a...

NZDJPY – Pin Bar Did Not Scare Bulls

Analysis Piotr Drabik -
It may seemed on Wednesday that NZDJPY was awaiting a deeper correction. On Tuesday a candle with long upper shadow was formed, which can...

Harmonic Trading – Decrease After ABCD on USDTRY

Analysis Piotr Drabik -
Trading based on harmonic formations largely depends on proper measurement of Fibonacci retracement in relation to price movements. A description of all the formation can...

GBPJPY – Reflection from Channel Resistance

Analysis Piotr Drabik -
Downward movement on GBPJPY lasts for more than a month. On one hand it was triggered by a general weakening of the GBP against...

USDCAD – Move Towards Support 1.3240

Analysis Piotr Drabik -
USDCAD lowest since April 13th For 3 weeks, USDCAD was moving under resistance 1.3520. This weakness and impossibility to break mentioned level has finally initiated...
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