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Home Page Forums Inspire Trades Foundations Forum Foundation Lab Homework 27/04/2021

  • Foundation Lab Homework 27/04/2021

  • Fredrik

    April 27, 2021 at 7:09 pm

    Hi guys,

    Homework from the Foundation Lab session on 27/4 is to Set the pitch and find combo patterns in the over and under valued of the pitch on the EURGBP. Please post your analysis here, with a chart attached if you like and we’ll give you feedback on your work.

  • leoni

    May 4, 2021 at 5:22 am
    • Fredrik

      June 1, 2021 at 9:24 pm

      Hi Wendi, I am sooo sorry for the extremely long wait on the feedback of this homework! I really wanted to feed back on it though, even if it is late!

      Let’s start with the pitch. I can see why you have put the ceiling where it is but I have one issue with it. There is no active reversal that reaches as high up as the basing action you have specified. It is a really good base but it just hasn’t got the confirmation with a reversal into it yet. I have set the ceiling of the pitch on the bar of the 16th of February, where you have identified a possible trading opportunity.

      I am not quite certain where you have located the floor of the pitch, it isn’t quite clear on the picture. There is a problem with the EURGBP in that the current actual floor comes from late June 2016. I will show why in a lab.

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