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Our winning patterns for week ending 2020-10-30


Broadening Wedge

 

USDCHF Broadening Wedge on the 1H chart.  There were no trading conditions on Monday, so our trading week started on Tuesday. We spotted broadening wedge on USDCHF chart. Next move was to check US dollar index and Swiss Franc index. Everything was correct. S-V3 was in perfect place: USD at the top and CHF on the bottom. We have correct price formation and S-V3 confirmation, so placing an order was easy. 4 hours later trade was finished with 270 pips up.

 

USCCHF Broadening Wedge

Bearish ABCD

 

USDCAD Bearish ABCD on the 1H chart. Well-known harmonic pattern – ABCD. This price formation usually appears in channel and is very reliable. We have checked correctness of pattern against S-V3 signals. USD index on the top of oscillator fighting with resistance, which was great for us. CAD was losing momentum, so we expected price drop. Please see S-V3 showing trend exhaustion and predicting market drop. This was over 300 pips trade, which was successful.

 

Bearish ABCD

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Resistance

 

AUDUSD Resistance on the 1H chart. Here is an interesting trade. We only made 300 pips but the overall price drop was 700+. AUD for a long time was trying to break up and go higher but no buyers = no momentum. US dollar was on the powerful position and broke up resistance. S-V3 as usual marked both currencies strength, and we used it to open short position. In a situation like this you can see the power of S-V3 indicator. You don’t need special knowledge to combine our oscillator with simple price formations – support or resistance.

 

Resistance

Support

 

EURGBP Support on the 1H chart. This was 2 hours trade finished with significant result. Simple but powerful support confirmed by our S-V3 gave us the opportunity to open Long position. As usual, we checked the bigger price perspective and EUR index – all correct. Green light from S-V3 and we were ready to trade. We often emphasise to look at the bigger picture, to zoom out the chart you are working on. It will surprise you what you missed or what you found.

 

EURGBP Support

Bearish Flag

 

AUDUSD Bearish Flag on the 1H chart. This trade study is important as it shows the power of S-V3 indicator. Flags can be tricky to trade, but with good confirmation they are great profit opportunities. Please pay attention to S-V3 behavior; smaller time-frame line is on top of oscillator while bigger time-frame line on the bottom. This setup signals trend continuation. And in our example indeed is trend continuation.  US dollar index formed same pattern so we know that after a moment of brake sellers will come back and price will drop again. Overall, that day AUD dropped 700 pips.

 

Bearish Flag

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