Chartology Inside technicals and chart patterns by Raghee Horner
03/11/2010 Aussie Continuation The uptrend on the four hour AUD/USD has continued to climb higher and is trading with the Rising Wedge as the market cycles remains in a mark up cycle.
The mark up cycle is the key to playing trending patterns such as a Wedge. The trend is confirmed by the 12 to 2 o’clock angle of [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/10/2010 EUR/USD Intraday Channel Up The 30 minute EUR/USS has been bouncing as the daily chart has bottomed out (for now). Here’s where having a plan for playing bounces within an overall downtrend can allow for nimble, short term trade entries.
I have been playing shorts off my 34EMA Wave as the daily downtrend bounces but with the bounces not following [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/09/2010 Intraday GBP/USD Follow-Through Lower The GBP/USD broke lower after prices traded below the support of the rising wedge on the 240 minute chart at 1.5054. The 240 minute set up I was looking at was for a buy entry but since prices broke lower, as I had mentioned in yesterday’s update, the focus had to shift to the 15 [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/08/2010 Will the GBP/USD bounce here? The 240 minute GBP/USD has formed a rising wedge pattern as prices have bounced from the 1.4781 low and is currently trading within a range between 1.5184 and 1.5029.
The set up here hinges on whether the uptrend line support of the wedge will hold prices from breaking 1.5000. Â On a 240 minute chart the 29 [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/05/2010 The Aussie’s Intraday Ceiling It’s an area to watch:  0.9080 to 0.9085.  With only a five pip variance this is a solid ceiling on the intraday charts:
The market cycle on the both the 15 and 30 minute time frames are up which means we’re in swing mode and should be keeping an eye open for pullbacks to the 34ema [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/03/2010 EUR/USD Setting Up Daily Swing MT4 chart with Autochartist plug-in
Prices are closing in on a corrective entry short which simply means I’m shorting a bounce…
The daily EUR/USD has a downtrend that has bounced outside the intraday range and is triggering a swing short at the 34 period EMA low waiting at 1.3744.  The Fibonacci Extension level at 88.6% is another level [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
03/02/2010 EUR/USD: Distribution and a Swing Buy The EUR/USD is trading in a mark up cycle on the 15 minute chart as the Wave is moving higher at between twelve and two o’clock.  The pullback to the 34ema high is a swing buy trigger on the correction.  The top line of the was is at 1.3551 and this also puts the “50″ psychological level [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
02/23/2010 EUR/USD: Rising Wedge Breakdown and Swing Set Up MT4 chart with Autochartist plug-in
Prices broke the support of the rising wedge pattern as the 1.3612 level was pierced. Â The momentum that’s pushing lower has established a downtrending cycle as the trend has shifted sharply lower. Â Waiting for a correction going into the Asian session would be the best scenario. Â The short trigger is currently [...] more info
Chartology Inside technicals and chart patterns by Raghee Horner
02/22/2010 USD/JPY Swing Entry on the 240 min MT4 chart with Autochartist plug-in
While the short term 15 minute chart moves slowly lower, the range has been set between 91.13 and 91.36.  If prices continue to bounce within this range, look for a transition on the 15 minute chart to a sideways market.  This stall is what’s needed to establish support and perhaps even rally the [...] more info