Homework !!!

Panagiotis Diamantopoulos
Mar 20, 2021
1 min read

I was looking at some charts this morning and there are some very interesting ones. For people that would like to do some homework please analyze EURAUD, GBPCHF, AUDJPY.

Start with the Daily and drill down, the forecast does not have to be short or long it can be "if this then that" .

I will analyze and share my opinion Sunday night. You can also send me your analyses.

Tip: focus on the waves

6 Comments

Stefan

Mar 21, 2021

AUDJPY. Effort/result. Considering going short if breakout from rectangle downwards. Plutus patterns

Panagiotis Diamantopoulos

Mar 21, 2021

Replying to

Good Effort, my bias is also Short. When you mention Effort vs Result please annotate on chart. On more thing we need to work on together Stefan is to identify the patterns. Your first pattern is not PL it is PRS and your second pattern is not PRL it is a PS. So you got also two short patterns.

I will post my analysis soon.

Stefan

Mar 21, 2021

GBPCHF. Strong trend upwards. Potentially in distribution or reaccumulation area. Effort/result. Plutus patterns. If on close candle breaking outside rectange then enter, or enter on potential upcoming Plutus pattern.

Panagiotis Diamantopoulos

Mar 21, 2021

Replying to

Again I need Effort vs. Result annotated. Pattern identification incorrect, the 1st on is a PL (15.0/6.0) if it was to break the 15.o upwards. The 2nd one is a PRL (28.0/10.)

Stefan

Mar 21, 2021

EURAUD. Effert/result. On the border of daily support. No patterns. Overall strong trend downwards. Short term higher high and higher low waves indicating potential reversal. So if closed candle out upwards of daily support and confirming Plutus patterns then go long with profit target next fib area?!

Panagiotis Diamantopoulos

Mar 21, 2021

Replying to

Effort vs. Result where is it? Agree with the strong downtrend, agree with potential reversal to uptrend. By the way you had a Plutus Reversal Long at the bottom (5.4/1.6).