#EURUSD short term short (Harmonics, Structure) @TradeYodha TradeYodha.com As per my initial analysis few days ago: Analysis: 1. 2 ABCD patterns completing in the zone 2. fibonacci confluence of 1.414 with 1.618 with 0.886 3. RSI is not oversold yet. It still has little way to go up before it becomes oversold. 10sma has crossed 200sma and 50sma showing...
The EUR/USD maintains its upward trend, however with the double top in 61.8 can mean a reversal in the trend, the price action this Friday (24.04) and during the following week will be decisive.
#USDJPY Short Idea (Structure, Fibonacci) @TradeYodha TradeYodha.com 1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming? 2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma 3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced...
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics) 1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level) 2. on 4H: a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8 b. The next level of 78.6 has high fibonacci...
BREAK RETEST CONTINUATION PATTERN. PRICE BROKE OUT OF SUPPORT WHICH HAS NOW TURNED INTO RESISTANCE. PRICE HAD TESTED THE RESISTANCE THEN BOUNCED OFF FORMING A INVERTED HAMMER. THIS LEVEL IS ALSO IN CONFLUENCE WITH THE 0.5 FIB LEVEL AND 20 SMA IS WHICH ACTING AS A DYNAMIC RESISTANCE
#GBPJPY Daily/4H Short Idea - @TradeYodha (TradeYodha.com) 1. Daily 200sma in the zone 3. 4h 50sma is in the zone 3. Fibonacci Cluster 4. Possible harmonic move on 4H 5. 38.2 Fib retracement on 4H 6. Very good R/R ratio if market holds this level on Daily as well. Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or...
#EURAUD 4H Short Idea (Gartley) @TradeYodha (TradeYodha.com) 1. Overall Down trend on Daily 2. 38.2% fib retracement level of last daily leg in the zone 3. 200sma is in the zone 4. Fibonacci Cluster 5. Harmonics Move Expected 6. Gartley Pattern in the zone As both 50sma and 10sma are lagging behind, I am expecting a pullback from the current price level and...
#USDJPY 4H Short Idea @TradeYodha (TradeYodha.com) 1. Previous structure 2. 50% and 61.8 retracement of previous impulses 3. 200sma and 50 sma close to the zone 4. Fibonacci Cluster 5. Harmonics Move Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
#EURUSD 4H Short Idea Gartley @TradeYodha (TradeYodha.com) 1. Previous structure 2. 38.2 retracement on daily time frame 3. 200sma close to the zone 4. Gartley Pattern 5. Harmonics Move 6. Fibonacci Cluster Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it...
@TradeYodha (TradeYodha.com) #USDCAD 30Min Short Idea 1. Harmonics 2. ABCD pattern 3. Previous Structure 4. Fibonacci Cluster 5. 200 SMA in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes sense.
@TradeYodha (TradeYodha.com) #USDJPY Bat and Gartley Patterns 1. Bat Pattern in the zone 2. Gartley Pattern in the zone 3. Previous Structure 4. Harmonic Move 5. Confluence with 61.8 fib level in the zone 6. 200SMA reaching the zone 7. DXY (Dollar Index) is also due a retracement. See related idea. That should being USD to this zone for a Long Entry I would...
@TradeYodha (TradeYodha.com) #EURNZD 4H Short Zone 1. Check out wicks and spikes indicating high supply in these zones 2. this zone confluences with major fib levels 3. they also confluence with round number 1.50000 4. Possible Bat pattern setting up too in that first zone Hope this give you some useful ideas, don't forget to hit the like button :)...
Multiple potential advanced patterns setting up on the USDJPY all around the same area. We've yet to break out of this consolidation, but if we do before Friday's Jobs number, we have a good location to look for our next short. Before I get a million nasty messages no, I don't think dollar weakness and Yen strength long term, but that's what makes me a "Trader"...
#GBPJPY Short Idea (Fibonacci extension, structure)
I've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking...
I don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy...
Potential Butterfly & Cypher patterns lining up in the same reversal zone on the Gold Weekly chart.
One of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the...