Late post....I know....Things got away from me this week, but I found this on Saturday night.
Valid measurements for a Shark Pattern:
C: 1.13 - 1.618 ---> (1.258)
D: 1.618 - 2.24 ---> (1.618)
Final X to D: 0.886 - 1.13 ---> (0.886)
About 40 pips profit right now....lets see where this thing goes
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Everything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark.
I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :)
Credit to www.tradingview.com for spotting the bearish...
Very similar to my analysis last month which was also on the daily chart, USOIL has tanked this week since hitting a level of resistance at 51.50... I'll be looking for opportunities on the lower timeframes very shortly to confirm a move higher or lower.
Let's see how the market shapes up over the next week, check out my previous analysis on USOIL in the related...
Make sure to keep this one on your watch list, here we have NZD/JPY on a 4h chart with a bearish gartley. I'm currently short on this pair but this pattern provides extra validation for a larger move, check out my previous analysis:
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
Wow this is huge, today we have USD/JPY on a 4 hour chart with yet another bullish 5-0. Yesterday I posted my analysis on CHF/JPY with the exact same pattern... Here is my analysis below:
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
As mentioned in yesterdays analysis the 5-0 pattern holds a much...
There are some amazing setups forming on the charts, here we have EUR/CAD on a 2h chart with a potential bearish bat. Excellent opportunity we will be trading with over 1:3 risk to reward!
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for extra confirmation...
We have CHF/JPY on a 4h chart with yet another 5-0 pattern but this time it is bullish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going long.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The 5-0 pattern holds a much better structure on the Daily chart but we shall see...
Here, we have a Bearish Crab on the 4h chart.
Valid measurements for a Crab pattern:
B: 0.382 - 0.618 ----> (0.586)
C: 0.386 - 0.886 ----> (0.859)
D: 2.24 - 3.618 ----> (3.049)
X to D: 1.618 ----> (1.618)
Also, we have a trend line running under C and D point.
The second trend line that is barely visible, shown just above D point, is part of a descending...
We're looking at NZD/JPY on a 4h chart, this is an excellent shorting opportunity (we are trading with a 1:2 risk to reward).
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
I'll be looking for extra confirmation once we approach our D point, this is definitely one to watch....
EURUSD Daily chart showing a potential bullish crab . Looking for a dip towards the 1.07 with a bounce from the D point.
Crab ratios:
AB: 0.382 - 0.618
BC: 0.382 - 0.886
XD: 1.618
Perfect head & shoulders on this pair, finding strong resistance at high of 0.96. A bullish head and shoulders in an uptrend classifying as a continuation pattern, with added pressure at this level, a break would produce a short term push to the 1.00 mark. As a swing trader, this should provide plentiful opportunities to enter long positions- particularly on the 4...
3 different harmonic patterns presenting themselves here- the most complete of the 3 being the bullish bat, in red, where each of the main points are bang on so far. Next, in the blue and green, we have a gartley and crab patterns respectively, both also bullish. The latter couple sharing X,A, B AND C levels, with only the PRZ (potential reversal zone) to...
Aussie-Yen showing us a bearish bat running coherently with the weekly channel. Retracements showing a strong bat pattern- B and C points are below the close of price but still on the wick. As always, long as price remains on the wick and has not been surpassed by the body of a following candle, the pattern is still valid. The D point is also approaching a retest...
Here we have a bearish Gartley on the NZD/JPY. Price is approaching a trend line parallel to the top leg of a channel from the daily chart . Looking to take a short position with a reversal around the 75.3 price mark. Retracement levels are ideal for this pattern- the C point is below the close of price but still on the wick. As long as price remains on the wick...
Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D.
Bat ratios:
AB: 0.382-0.5
BC: 01.382-0.886
CD: 1.682-2.618
XD: 0.886
Similar to the USD/JPY setup, instead we have a possible bearish cypher forming on the daily time frame . If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
Cypher ratios:
AB = 0.382-0.618
BC= 1.13-1.414
XD = 0.786
Bearish Gartley on the Daily time frame, looking to go short around the 109. mark. I expect price to push towards the D point then dip towards my TP level as build up to the US presidential Election. B and C points are not dead on the respective high and low, however, as these points have not been surpassed by the close of a following candle, the pattern is still...
Perfect head & shoulders on this pair, finding strong resistance at high of 0.96. A bullish head and shoulders in an uptrend classifying as a continuation pattern, with added pressure at this level, a break would produce a push to the 1.00 mark. As a swing trader, this should provide plentiful opportunities to enter long positions on the lower time frame - specifically 4H.
