Chris Svorcik Blog | Talkmarkets | Page 1
Forex Trader, Analyst, Educator

Chris Svorcik is co-founder, trader, and analyst with Elite CurrenSea (www.EliteCurrenSea.com) since 2014. He is the creator of the trading method called ecs.SWAT (simple wave analysis and trading) which is based on the chart and price patterns of the financial markets. Chris’s ... more

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Risk & Reward Tells You The Truth About Trading (But Not As You Think)
Breaking down the conundrum of risk and reward, debunking traditional perceptions, practices and myths on quantifying risk to reward in an easy-to-understand trading perspective.
USD/JPY Bullish Retracement Bounces At Fibonacci Resistance
The USD/JPY currency pair seems to be building a bullish retracement within the downtrend.
USD/JPY Builds Bearish ABC Pattern In Wave E Triangle
The USD/JPY currency pair broke below the support trend line, but bullish candlestick patterns are probably indicating a retracement within the downtrend.
USD/JPY Forms Indecision Triangle Pattern At 112
The USD/JPY currency pair made a bearish bounce at the 23.6% Fibonacci retracement level.
USD/JPY Decision Zone At 61.8% Fibonacci Retracement Level
The USD/JPY currency pair made a bullish bounce at the 61.8% Fibonacci retracement level.
USD/JPY Triangle Pattern Waiting For A Decisive Breakout
The USDJPY currency pair is testing the 61.8% Fibonacci retracement level, which is the very last support level that could fit within a potential wave 4 (blue) pattern. A bearish break indicates a bearish swing and a new wave pattern.
USD/JPY Triangle Pattern Waiting For Decisive Breakout
The USD/JPY currency pair is testing a key support level and decision zone.
USD/JPY Testing Key 50% Fibonacci Support At 112.83
The USD/JPY currency pair broke below the support trend line for a bearish breakout, but the price is now approaching the Fibonacci retracement levels of wave 4 vs 3.
GBP/USD Testing 50-61.8% Fibonacci Resistance Zone
GBP/USD currency pair broke above the resistance trend line for a bullish breakout, but the price is now struggling at the Fibonacci retracement levels of wave 2 vs 1.
GBP/USD Prepares ABC Pattern In Bearish Wave 2
The GBP/USD currency pair made a bullish bounce and is now retesting the resistance trend line, which is a decision zone for a bullish breakout or a bearish bounce.
EUR/USD Bearish Impulse Breaks 1.15 Round Level
The EURUSD currency pair made a bearish break below the major support trend line and the round level of 1.15.
EUR/USD Bullish Bounce At 1.15 Round Level Support
The EURUSD currency pair made a bullish bounce at the support trend line and the round level of 1.15.
USD/JPY Bullish Impulse Builds Bull Flag At 114
The USDJPY currency pair is making a small consolidation zone at the -100% Fibonacci target near 114, which is a new decision zone for a bullish breakout or a bearish bounce.
USD/JPY Bullish Wave 3 Breaking Above Weekly Resistance
The USDJPY currency pair remains in the uptrend channel, and the price is now approaching the resistance trend line of that channel.
GBP/USD Bearish Breakout Aims At 1.30 Target
The GBP/USD currency pair broke below the support trend line which seems to indicate the end of the wave 4 and the start of the wave 5.
GBP/USD Challenges Support Of Bear Flag Chart Pattern
The GBPUSD currency pair is building a potential bear flag chart pattern, which could be part of a wave 4 pattern as long as the price does not break above the bottom of wave 1, which is indicated by the red trend line.
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