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Message: [QUOTE="contest, post: 27043, member: 15036"] [COLOR="Blue"]The Best Forex Patterns A buying opportunity in EURCAD currency pairs[/COLOR] The following chart is about EURCAD currency pairs in 1 hour time frame which according to the technical analyses and their indicators we can expect a good buying opportunity. This buying opportunity appears several times in this chart. [COLOR="Blue"]A buying opportunity in EURCAD currency pairs Harmonic pattern of AB=CD [/COLOR] The main technical pattern in this example is the harmonic pattern of AB=CD which has the ideal ratios of 127.2=78.6. This pattern is one of the strongest reversal patterns which mostly forms during the price corrections. Other important ratios of this pattern are 161.8=61.8 or 200=50 which they have golden ratios. [COLOR="Blue"]Candle stick patterns[/COLOR] In forming the D dot, the formation way of the candlestick patterns is very important. In this example, the formation way of the candles shows that a bottom price is formed and the falling of the prices is stopped. Among the formed candles, there is an inverted hammer candle stick pattern which shows the possibility of stopping of price falling as you can see in the picture. [COLOR="Blue"]Observing the fifth waves of Eliots’ waves pattern[/COLOR] Type of formed candlestick patterns with the important pattern of AB=CD is a very important warning about the rising of the price. At this time, another technical analysis, Eliots’ waves, reinforces this rising of the price. On the CD side of AB=CD pattern you see a movement of the fifth wave of Eliots’ wave which obeys all of the important rules of the Eliots’ waves and also issues the end the falling process. The combination of the Eliots’ waves and harmonic patterns provide a clear analysis of the market for the traders. [IMG]http://www.earnforex.com/forum/attachment.php?attachmentid=2138&stc=1&d=1333425369[/IMG] [/QUOTE]

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