Looking for Double top or Double bottom with M & W Pattern
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From now, I identified Supports & Resistances given by "M & W" Patterns into my portfollio:
Funny patterns:
VS
NZDJPY Monthly chart
Universal patterns... Center Point is the same line for both !
More examples?
NZDJPY H4 12/29/2014
EURAUD H4 11/13/2014
Closed Long position M1 (+325pips) by W1
Closed Short position W1 (+325pips) on M2
Current Long position: +400pips
CADCHF D1 11/21/2014
AUDNZD D1 11/21/2014
Closed Short position (+375pips) by M signal
Long trade: SL hit (-50pips)
Long trade: SL hit (-50pips)
USDCHF H4 11/17/2014
SL hit @ Breakeven
EURNZD H4 11/11/2014
SL hit
GBPCHF H1 11/10/2014
SL hit
NZDJPY Monthly chart
Double W pattern on Daily 11/11/2014
A close above this W resistance around 90.00 could confirm the W Pattern in progress on monthly chart (first picture)
GBPUSD H4 11/06/2014
AUDCAD H4 11/04/2014
Closing Short and going Long on the new M
AUDUSD H4: 11/03/2014
What happened?
Center Point provided the confirmation of the Sell Signal:
GBPCAD H4: 11/03/2014
So now we are short on W Pattern as expected: 11/04/2014
Summary:
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