Hi guys, my 2nd trade setup of the week. Looking to buy into NZDJPY around 72.70. SL: 72.30 TP1: 73.80 TP2: 75.50
Just went long on EURUSD C-D Swing of this Shark Pattern. Targeting 1.5580. SL at 1.1350.
I have been short on NZDUSD from 0.7020 and finally see a butterfly pattern to go long. I will look for reaction at 0.6700 and see what happens. Some NZ news coming up at 4 a.m tomorrow morning so this level maybe touched and we should see a bounce. However this pair is clearly bearish now, so I won't be in a hurry to long. We may even see a complete bash through...
We shorted NZDUSD at 0.7020 and plan to hold this for the long term.
Why you should be cautious on EURNZD short. I am avoiding this trade.
1.4750 was the completion of a bullish Crab pattern on GBPUSD daily chart. Price is now reacting to the completion of this pattern. For the rest of the week, I will be interested to go long on the Shark pattern if it challenges 1.43.
Will be looking to short GBPCHF at 1.4010. Nice round number just above 1.4 and RSI already oversold. Overall bigger trrend is down. High probability setup.
NZDUSD has completed a bearish shark, Our execution will be to wait for a retest of $0.7020 for a short trade.
EURJPY is likely to complete a deep gartley pattern at 121.88. (Factor in your spreads for entry) This is the price I am aiming for my entry hopefully by this week. I hope to see RSI hitting oversold, this is a daily shark pattern which can easily hit 61.8 retracement of the C-D leg. Potentially a 1:8 risk to reward trade setup.
There is a 5 minute pattern to short AUDJPY. The trade just triggered.
With the trend short of a bat pattern. This is the same as the AUDUSD idea, but I prefer this more due to the resistance and the bat pattern gives better R:R. It is likely both patterns will happen at the same time.
EURCAD is still on the uptrend. There is a pattern to short around 1.48. Short term trade with a risk of 25 pips with entry around 1.471 and target 90 pips.
Terry called a bearish shark on the GBPCHF. Here is a chance to enter it on a 5 minute chart!
Short time frame alert. With the downtrend at the round number of 0.7400. Watching this for a continuation move to 0.7320 where we will look to long. R:R is about 1:3.
Trade happening right now. With the trend long
RSI is not suggesting that this pair is ready to fall big time. I will go short only with a retest of 1.16, preferably with a smaller harmonic pattern in the lower timeframe. Be patient, it could happen end of week or next week. The USD bears are finally weakening?