Hi Guys, i've been looking mostly at dollar pairs this weekend and I'm expecting the beginning of short-term volatility in some places. The Euro-USD has soared to new highs in recent weeks but is now in a position where it is looking for a new support level on the daily frame. The daily chart has presented a bearish wedge formation, while price has found some...
What's going on traders, I hope you're all having a good weekend. This is a quick post updating you all on a potential trading opportunity going into a new week. AUD/JPY on the 4h chart with a bullish gartley pattern. The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786 I'll be...
We have a possible bullish bat forming if price action drops to the d point in the chart. This is a 4 hr chart so we may know the validation of this pattern by the end of the week or next week. Will update as this progresses
CADJPY has began to pivot around the neckline of a head and shoulders on the daily/weekly chart. Price found support at this level on the 4 hour chart, made a new low and is now retesting the previous los as resistance. Recent dips and rallies have been urgent and direct in recent weeks, however price dropping below the 4HR 200EMA at this neckline gives a sign...
I like this pattern simply because on lower timeframes their are bullish patterns. I am not going to take this trade unless an absolutely perfect set up forms. But with Halloween close the Bats are ready to come out and play. Theyre out for blood but I'm out for money!!!! I will update this pair on Tuesday so stay tuned........
Traders, today we have BTC/USD on the 4h chart with a bearish AB=CD pattern. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 I'd like to break down several aspects of this chart in order to show everyone exactly what I'm looking at. #1: Ascending channel and untested high Price is showing signs of...
With the fundamentals this week several patterns were prematurely played out. I am watching this on the 4 hour timeframe to conclude if its a valid trade or not. Will provide an update soon.
I found this pattern forming on the 1 hour timeframe with huge profit potential for the patient. A valid gartley will be reached at .88072 which is where I will watch for a reversal to enter this trade. Take profit level one and 2 are marked in the chart. This may take a while to prove itself as a valid harmonic pattern or to prove itself invalid. As for it...
Here we have a bearish pattern forming within a channel on the 4 hour chart. The trend-line was temporarily broken, which may signal a an area of consolidation. On top of this, RSI is showing as overbought on the 4hour and 1hour charts along with bearish divergence. I will be watching the candles on both time frames before confirming my entry! Butterfly ratios...
Good morning guys. I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases...
Above we can see the trend line for a movement within bearish weekly channel on Silver. Price has hit the trend line and I expect will drop to our D point once support is broken during the trend. Adding confluence to this movement is the bearish bam theory- the harmonic movement will push price down should the daily candle break below this level! Risk is minimum...
Good afternoon everyone, here we have a Bearish butterfly pattern having formed from USD/CAD on a 4 hour chart. The valid ratios for a Butterfly pattern are: X-B: 0.786 A-C: 0.382-0.886 B-D:1.61-2.61 X-D 1.272 This is an excellent trading opportunity with a risk reward of 1:3 I hope yous all have a good week ahead folks and feel free to ask questions or keep in...
Above you can see a very only-shaped butterfly ; price isn't exactly flowing from each co-ordinate to the next but the ratios fit the bill, so it's a butterfly . The reason I am at least considering taking this trade is the level of support- you can see in the update below that price is at a key level of weekly support/resistance . Furthermore, the daily trend...
Good morning, This week I am aiming to trade more on the 1 hour charts- mainly to fill in the time in between larger price fluctuations; I will be looking for movements that suit the larger time frame! On the 4 hr chart we have a long crab pattern but price still has some way to go until it meets the D point. Above you can see a short position on the 1 hour, that...
What's up traders, I'm back with a brand new market insight on cryptocurrencies, today I'm on the 12h chart with XRP/BTC. This is my first piece of analysis since my prediction back in April 2017 when I predicted the breakout from $0.03 (chart is shown below). Ever since investing in Ripple in early 2017 I've always had a long term target of $1 based on the...
Hi Guys, Here we have GBPUSD on the Four Hour. One Elliott Wave has completed and I believe a second is in progress. Price is currently re-testing an uptrend. I believe the wave will complete and I will then be looking for a short position. I am still learning Elliott Wave theory so any feedback would be massively appreciated. Thank You! Victoria
Hello, Traders! I hope everyone is having a great weekend! I'm VERY excited to share and keep an eye on this set up with you guys. Today, we are looking at a bearish 5-0 pattern on the 4H chart with the CAD/CHF. Price seems to have started to reverse between 1.13-1.618 at B point. Lets look for price to break the current trend when the markets open back up to...
Hi Guys, Here we have the NZDJPY on the Four Hour with a Bullish Bat forming. Do let me know of any thoughts or questions. Thank You Victoria