USDCAD is nearing the completion of a bearish Gartley pattern. The PRZ falls inside of a significant S/R zone, adding to the probability of a reversal at those levels. With a potential upcoming rebound in oil this could provide a nice entry for a larger bearish move toward the missed pivots sitting below price (see related ideas). This would of course depend on...
AUDUSD is nearing the PRZ of 3 harmonic patterns presenting us with an opportunity to trade in the direction of the trend. The base of the PRZ coincides precisely with last week's missed pivot in addition to a fib cluster from a series of structure lows to structure highs. The 500 bar SMA and EMA lines may provide added support around the reversal zone. To add...
GBPCAD has completed a bullish Gartley pattern on the hourly chart. The PRZ is tight and confluent with a S/R Zone. Entry is placed at the base of the PRZ with target at .382CD and SL outside of point X. Confluence in the PRZ: Gartley completion 1.618BC Projection AB=CD S/R Zone
USDJPY has completed a bullish cypher on the 1 hour chart with a PRZ that is confluent with S/R. A missed weekly pivot, EMA200 and SMA200 sit above price to add to bullish bias. Entry is placed at the base of the PRZ with SL at 1.13XA and target at .382CD. Confluence in the PRZ: .786XA (cypher completion) 1.5AB=CD 1.272BC Projection Unhit weekly pivot...
USDCAD has completed a bullish cypher in an area of strong support. Entry is placed at .786XA with SL at 1.13XA and target at .382CD. Confluence in the PRZ: .786XA 1.5BC Projection 2.382AB=CD
GBPCAD is nearing the PRZ of a bearish bat pattern. This bat may continue the bearish movement to the completion of a larger TF bullish bat (see related ideas). Entry is placed at .886XA with SL at 1.13XA and TP at .618CD. Confluence in the PRZ: .886XA (Bat completion) 3AB=CD 1.618BC Projection Larger TF BAMM Line (related ideas) S/R Zone
CADJPY is nearing the PRZ of a 2 confluent bearish patterns on the 1HR chart. The PRZ falls in a significant S/R zone and may potentially continue the downtrend. Entry is placed at the top of the PRZ with SL at 1.13XA and targets at .382 and .618 retracements of the CD leg. Confluence in the PRZ: Bearish Cypher Bearish Shark 2.5AB=CD 1.618BC Projection ...
D1 stron S/R plus zigzag and local S/R = I am bearish. When loss activated - I'd wait for retests and then go long. Profit target - erm, erm, quite interesting. Far far away as next strong S/R is not so close. Obviously some pullbacks are possible. Anyway - let us see.
EURUSD is nearing the completion of a highly confluent bearish PRZ. The projections and retracements of two harmonic patterns coincide in a tight area of resistance which falls in a broad area of S/R. Entry is placed at .786CD with SL at 1.13XA and target at .382CD. Confluence in the PRZ: Bearish Cypher 1.618BC Projection (Cypher) 2.272AB=CD (Cypher) ...
AUDUSD is nearing the completion of a bearish cypher pattern on the 1HR chart. The PRZ may find resistance from the center of a rising channel. Entry is placed at the top of the PRZ with SL at 1.13XA and target at .5CD. Confluence in the PRZ: Bearish cypher 1.272BC Projection 2.5AB=CD Channel center resistance S/R Zone
ACRX is nearing the completion of a bullish bat pattern on the daily chart. The PRZ falls in a significant support zone and may be confluent with support from a 3-month trendline. 3 Missed weekly pivots sit above price to add to the bullish bias. Entry is placed at the bottom of the PRZ with target at .618CD and SL below the 1.13XA fib level. Confluence in the...
Yesterday I published a EURUSD short on a bearish bat pattern. The bat has hit TP1 and is retesting the PRZ. If you missed the trade, this is a great opportunity to enter. A rare opportunity has presented itself where 3 bat patterns have aligned within a very tight reversal zone. The PRZ aligns with trendine touching the X points which may add resistance in...
NZDJPY may potentially complete a bearish bat at significant trendline resistance and a S/R zone. If price does reach this level before invalidating the bat patterns, there is a chance price could reach down past the X leg and complete a series of bullish patterns. Entry is placed at the bottom of the PRZ with targets at .618CD and bat/crab completion. SL is...
EURCAD is nearing the PRZ of a bearish Bat in a heavy S/R Zone. The SMA200 and EMA200 lines have been tested showing weakness. If price should complete the bearish bat this would present an opportunity to go short back toward the moving averages. An important .618 fib level from structure high to structure low aligns precisely with the .886 bat completion level...
AUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark...
USDJPY is completing a bearish bat pattern near a strong support and resistance zone. We also have the neckline from a head and shoulders pattern striking through the S/R area for added resistance above the PRZ. SL is placed above 1.13XA with targets at .618CD and the unhit monthly pivot for November, 2015. Confluence in the PRZ: Bearish bat pattern...
EURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish...
AUD likes S/R zones. And if this correction would work - S/R would be great confirmation. Price is above MA33, but this means nothing for corrections :) Notice price is close to BB upper band.