Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (New York, USA)

Daily Trading Opportunity: Forming Trough(Valley) pattern in price

Forming a Trough(Valley) pattern in price is one of the most successful patterns of forecasting the ascent of prices. 4CastMachine software analyzes and discovers forming Trough(Valley) price pattern for all charts. As a result, we can quickly and easily pay attention to just the charts in which an important increase is occurring and where a very good trading opportunity has been set.

Positive numbers in Peak/Valley(Trough) show a Trough pattern forming. Strengths of Troughs are between zero to around 100: the higher the number, the greater the strength.

As the strength of each pattern directly related to the probability of its success, it is better to collect the ones which have more strength.

 

A good trading opportunity: Forming a Trough(Valley) Pattern

By forming a Trough(Valley) in the Daily Charts, the probability of the price increases more - tomorrow and after that - is very high, so we can enter the market by buying trades.

Forming Trough on EURUSD

Example:

Considering the front image, 4CastMachine shows a Trough for EUR/USD pair on 2012.07.26 forming.

The strength of Trough is 51.

 

Performance of Forming Trough on EURUSD

Performance of Buy Trade:

As seen in the front image, buy trade produced more than 1000 pips profit.

 

Although in many cases, after the formation of the Trough price pattern as the only sign of an upturn, great rise also occur, but it is better to have other technical reasons to reinforce the price rise guess and then think about making a trade.

If Trough forming is accompanied by an Uptrend or it is in a Support area, there will be a very good trading opportunity.

 

A very good trading opportunity: Forming a Trough in an Uptrend

Formation of a new Trough in an uptrend shows that a new rising wave is starting and the uptrend is resuming. So, a Trough forming in an uptrend is a very successful trading opportunity.

Forming Trough on CHFJPY Uptrend and Support

Example:

Considering the front image, 4CastMachine shows a strong uptrend and a strong Trough forming for CHF/JPY pair on 2013.11.11.

The strength of Uptrend is 20.

The strength of Trough is 33.

 

Performance of Forming Trough on CHFJPY Uptrend and Support

Performance of Buy Trade:

As seen in the front image; buy trade produced more than 1100 pips profit.

 

 

A very good trading opportunity: Forming a Trough in a Support area

The most important technical factor which prevents the price from decreasing more and causes it’s rising to resume is a support area. If a Trough Pattern formed after price bounced from support area, buy trades have a high probability of success.

Forming Trough on AUDUSD Support

Example:

Considering the front image, 4CastMachine shows a strong Trough pattern after price bounced from 0.8930 support level for AUD/USD Pair on 2013.09.02.

The strength of Trough is 20

 

Performance of Forming Trough on AUDUSD Support

Performance of Buy Trade:

As seen in the front image, buy trade produced more than 750 pips profit.