I will publish the forecast and detailed GBP/CRUDE/DXY report tomorrow. Technical Overview of Cable on smaller charts: 1.27200 key resistance. Potential Breakout and Bat as described. Bearish Continuation at the flag breakout. Keep you updated.
On the daily chart(right) an emerge bullish bat pattern is on the way and on the 4-hourly chart(left) the bearish bat pattern is emerging. So what should you be doing? That's when 2 important things come in place. 1) Filters and trade plan: this removes emotion and uncertainty in trading. 2) Overall market fundamental analysis, in this case, US Economy vs Japan...
We are predicting the bearish Bat Pattern to complete as shown on the 1 hr chart. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets.
Disclaimer ya, I seldom trade this pair only observe when will be a better time to change money from USD to SGD or SGD to USD. Is a good time to change USD to SGD but for people who are going to change SGD to USD you might want to hold off for 1-2weeks to see how this develop, if you are not urgent for the exchange.
This pair is currently trading at a major resistance zone and we are predicting the harmonic Bat Pattern will be completed. This is a bearish signal and our strategy is to trade the 4th leg of the pattern. Price action has already broken below the yellow trend line giving our strategy confirmation. FX:EURNZD
This pair is currently trading at a major resistance zone and price action has recently broken below a major trend line trend line (yellow) as well. We also see the completion of a harmonic Bat Pattern. These are all bearish technicals which signals a move lower and is giving our short strategy validation. FX:EURAUD
FX:GBPJPY Weekly Analysis - Money Is Coming to Me. Bullish Shark Pattern 1.13 Potential Hidden Bearish BAT 0.886 Support and Resistance Levels Moving Averages Fibonacci Retracement Levels This is an additional Weekly update from previous Monthly chart analysis The Money Journey - Hope for the best and prepare for the worst. Press the...
Let's short this precious metal till 1240 =) its clear on the chart..
BAT I think BAT will dip into green box below, and make an attempt at resistance (#1). I would feel confident taking profit at resistance above, seeing as how relevant it has been in the future.
Ripple USD formed a bearish bat pattern good to short now SL : 0.4600 TP : Follow arrow
USDJPY broke new low yesterday and has recovered fully. The price has seen retraced back and beyond the breakout level at 109.50 which shows that USDJPY is prone to selling. A bat pattern is formed in the process and the price consolidated within the supply zone. This would be a good opportunity for an intraday sell where the price is expected to fall further on...
Finding opportunity to short at PRZ region. Will also wait to see confirmation of price weaknesses. EP: 0.89664 1st PT: 0.89123 2nd PT: 0.88662 SL: 0.90088
BITFINEX:BTCUSD Daily Analysis - Short-Term Bias Potential Bearish Bat Advanced Pattern 0.886 Potential Bullish Gartley Advanced Pattern AC 0.618-0.886 BD 1.272 Support and Resistance Levels Moving Averages Fibonacci Retracement Levels
This pair is currently trading at a major resistance zone and we are predicting the harmonic Bat Pattern will be completed. This signed us to sell the pair and our strategy is to trade the 4th leg of the pattern. Price action has already broken below the yellow trend line giving our strategy confirmation. FX:USDCAD
FX:EURUSD Monthly Analysis - Recommended to buy and hold until the mid-June LTB 1.155 ST Trend Following B/S Invalidated below 1.114
Potential Bullish Shark 0.886 Potential Hidden Bullish Butterfly Advanced Formation 1272 Potential Hidden Bearish Gartley 0.786 Potential Hidden Bearish BAT Pattern 0.886 Expanded Flat Corrective Wave (ABC) Support and Resistance Levels Moving Averages Fibonacci Retracement Levels
Playing around with harmonics and fibs + RSI doesn't look promising at the moment...
If the price reaches D, the bat bearish mode is established.