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

Forming a Trough(Valley) pattern in price is one of the most successful forecasting patterns for anticipating price increases. 4CastMachine software studies and discovers forming Trough(Valley) pattern in the price in all charts. As a result, we can rapidly 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 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 increasing 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.

Strength of Trough is 51.

 

Performance of Forming Trough on EURUSD

Performance of Buy Trade:

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

 

In many cases, however, great increases happen after forming a Trough Pattern as the sign of rising, so it is better to consider other technical reasons to support the guess of price rising and then think about making a trade. If Trough forming is accompanied with an Uptrend or it is in a Support area, there will be a very good trading chance.

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 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.

Strength of Uptrend is 20.

Strength of Trough is 33.

 

Performance of Forming Trough on CHFJPY Uptrend and Support

Performance of Buy Trade:

As seen in the front image; the buying 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, buying trades have a high probability 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.

Strength of Trough is 20

 

Performance of Forming Trough on AUDUSD Support

Performance of Buy Trade:

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