Hello traders, We have a potential Gartley Pattern which presents an opportunity to go short. Entry @ 0.7529 Target 1 @ 0.7506 Target 2 @ 0.7493 Stop-Loss @ 0.7549 Follow, like , comment and share www.instagram.com
USDCHF completed a bearish Shark patter. Will be using a pending order to go short on this patter. EP: 0.98 SL: 0.983 TP1: 0.9750 TP2: 0.9700
I see a nice pattern emerging at the given level which coincides with last week's high.
Not the nicest of symmetries but it is a gartley nevertheless. Will observe what happens at this level of 0.7550
Have been monitoring crude oil. I see a shark pattern completing at $50. Will monitor RSI for overbought condition before executing short at $50. Let's monitor this together.
I like this AB=CD move on the kiwi. It coincides with the 618 retracement of the big drop due to brexit. Will wait for RSI to hit overbought, leave the zone before entry.
I am still bearish on the Pound. Even if this will rebound off the brexit news, it should come down for another retest before the big bounce up. Will monitor 1.3462 area for reasons to go short. RSI oversold bought is a must on the m15 timeframe.
Late last week, I see a false breakdown on EURUSD. The immediate rejection of the breakdown tells me that EURUSD is likely going higher. I am able to plot a shark pattern which completes around 1.14. This will be my game plan to short EURUSD next week. Will monitor for weakness around 1.14 before executing my shorts.
I see a EURCAD bat pattern coming in around 1.4350. Currently HSI/RSI isn't oversold yet, so will wait patiently for this to trigger.
M15 trade coming in at the low of the previous 2 weeks. Awaiting confirmation on HSI and RSI to enter.
Potential Bear Shark. Looking for target to hit at most 1.618 extension of BC leg. But might also hit between .886-1 of XA leg.
I am watching this zone to go long on EURCHF.
Last week there was a great reaction to the crab pattern on the USDCHF. This week I see a type 2 test coming in and there is also a bat pattern forming at the same level.
I see 2 great patterns to trade AUDNZD depending on which way the market goes. Will love to short this pair again with the trend but going long at 1.0420 isn't a bad thing as it has good support.
The AUDCAD is showing a reversal to the upside. (Daily inverted H&S). I would like to take a long position on this pair if it hits the 0.9440 area.
There's a lot of stuff going on but I'm eyeing a short OP on the AUDCAD for several reasons. The main key is confluences of harmonic movement. We can see in bright blue a potential ABCD short at the 1.27/1.382 movement. There is also another green ABCD short opp at 1.27/1.382 movement. Green 1.27 and Blue 1.382 meets confluence. Both ABCD has perfect 61.8...
it has been a busy week and really didn't have much time to look at charts. I see an M15 pattern coming up close to 1.3. The HSI is not aligned yet, so I can't enter the trade yet. Will wait for confirmation before shorting this. There is also the downward trendline holding this channel
Hey guys, sorry was on a holiday for a week. Today finally got back to trading. EURJPY I am expecting a move up on a C-D leg of a shark pattern. I expect to ride this move up first before shorting EURJPY around 121.35.