The pair completed a bearish Shark pattern last week and I missed that trade. This week it has came back for a Type 2 retest. As I was preparing my midweek analysis of the market on our HarmonicForex.com website, I might have missed this trade AGAIN. Apologise for this late idea. Lets see if it comes up to retest 1.2980/1.3000 levels again
I have not used the MACD indicator for quite sometime, but this afternoon's discussion with a fellow trader made me look at MACD again today. The USDollar Index is approaching the resistance trend line and at the same time, the MACD is showing us a bearish divergence. Price made a higher high, but the MACD made a lower high. As what all indicators do, they give...
AUDNZD completed a bullish Bat pattern. Looking for price to come back to the lows to go long on this. This is aligned with the AUDCHF buy trade that I am in - (Aussie strength)
Apologise for the late posting here. I was on my Facebook posts and just this morning I realise that I didn't post the idea here on Trading View AUDCHF completed a bullish bat last Friday and I took the long trade at 0.7090. It was hovering in the negative profits until the close of the close of the week. This morning move looks more promising and currently...
Had a good ride up and took profits on the EURJPY since last week. Now looking to re-enter the long position based on a smaller time frame trigger (Word of caution : Smaller TF trigger will be killed if the pair decides to do a larger retracement) Prefer to enter long around the 123.60 levels
We see a Shark Pattern setting up on the EURUSD and took the opportunity to trade the CDLeg up to the PRZ. I am currently in the trade at 1.1390 (down about 10pips) with stops of 1.1340 (-40pips). Looking at targets above 1.15
The Gartley Pattern completed, waiting for a retest of the high 112.11 for an entry. Risk to reward of 1:2
EURJPY complete a big Shark pattern on H4, super nice bounce on the Type 1 trade. Now it has came back for a retest. We are all ready for the re-entry. BAMM this should be flying up soon
The USD really for the past week has been amazing. We caught a nice short on the NZDUSD from the highs of 0.7020 taking profits of +220pips at .6800. Now I see this USD rally potentially stalling, USDCAD just completed a Bearish Shark Pattern. Looking for price to react at around the 1.2990/1.3010 levels. Expecting RSI to move up to test the OB zone once more...
Looking to SHORT when price comes up to re-test the PRZ of the Bearish Gartley Pattern. Will see how the price reacts to the 1.6746/50 levels RSI building up nicely towards the OB zone. This trade should give us a nice risk to reward
Bullish Shark pattern complete on the H4 chart.
EURGBP completed a bearish Bat pattern (there is also a bearish Shark pattern at around the same zone). Looking to short anywhere from the current price (0.7904) to the highs of 0.7910. Targets set at 0.7840, the 50% retracement level of the recent move up from the lows
Spotted a potential bearish Bat on the hourly time frame, RSI going towards OS zone, but not there yet.
The pair AUDUSD has already completed the big Daily Bearish Shark Pattern. Now, I am waiting for a smaller bearish pattern in the highlighted 'ellipse on the chart' to short at a better price. Please note Aussie data in 10mins and rate call in 3 hours time.
The Bearish Bat pattern completed last week and created a high at Point X (0.7740). With the RSI now moving closer to the OS Zone, I believe that price could come up to test the highs again before the larger drop ensues. Looking to short at 0.7720/40 with stops at 0.7760