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Posts Tagged ‘triple bottom’

GBPJPY bearish again, tough time ahead for bulls..

Recap week 15- GBPJPY had a bear predominant week 15. As mentioned in previous analysis, price fell 200 over pips after breaking the neckline (formed by the July high), and bulls had a tough time surviving. Were you able to catch this trade? Congrats to those who

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A Review of FX Correlation of EURUSD and USDCHF

The recent 4-hourly chart of EURUSD and USDCHF shows that both currencies are negatively correlated. We posted yesterday on EURUSD having a possible triple bottom formation. It is observed that USDCHF made a triple top. Thus, it is worthwhile to analyze these 2 pairs together for your

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EURUSD with Triple Bottom Chart Formation, hints to a Bullish Move

This morning on H4 chart of EURUSD, it seems like there are 3 valleys (V or U letter shaped pattern), which is the classic triple bottom chart pattern. The triple bottoms, which spans over 3 weeks, could be a hint of a Bullish Reversal move underway. How

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