Aussie-Yen showing us a bearish bat running coherently with the weekly trend line. 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 previous or following candle, the pattern is still valid. The D point is...
Similar to the USDJPY, instead we have a possible bearish cypher forming on the daily timeframe. This pair is in a weekly downtrend and has recently hit a level of support/resistance. The D point in the pattern could be a retest before further decrease in price. If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
Cypher ratios:...
Yes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile.
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Since the brexit vote we are still selling off, now into the 1.2 levels creating new lows for GBP/USD. In relation to one of my first ever charts posted on TradingView over 7 months ago I stated price would break the lows of 2009 which we seen straight after the brexit vote. The question to be asked now is, what is the future of the pound?
Today, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form.
The valid measurement for a bat pattern are as follows:
B: 0.382 - 0.5 ----> (0.416)
C: 0.382 - 0.886 ----> (0.7)
D: 1.618 - 2.618 ----> (2.609)
X to D: 0.886 ----> (0.886)
This pattern has formed after breaking out of the ascending channel that...
Once again we are looking at AUD but this time we are on a 4h chart with AUD/CAD another potential reversal pattern indicating weakness in the currency. I'm loving the look of this, you can see we recently broken out from a very aggressive ascending channel creating our X point further creating our A, B, C and potential D point on the chart.
All-round we have a...
We're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below.
Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have...
Wow this is huge, yesterday I posted my analysis on market direction stating I would be looking for possibilities on the shorter time frames... Here is my analysis below:
I have my first possibility for USOIL on the 4h chart with a picture perfect bullish gartley pattern, we just need to be patient to see how the market shapes up.
The measurements for a valid...
There are some amazing setups forming on the charts, here we have USOIL 2.54% on a Daily chart . Straight away this could be an excellent buying or selling opportunity depending on the short term outcome, I will confirm a move higher or lower when we approach our trendline or resistance level... I'll be looking for opportunities on the lower timeframes in the near...
Here we are looking at EUR/JPY on a 4h chart with a perfect bullish butterfly harmonic pattern, price is currently bearish but I am looking for price to stall out on our D point followed by a major reversal heading towards resistance at 113.900 before continuing to make a moving lower.
Spotting a 'perfect' bullish butterfly can be difficult, here are the...
Harmonic patterns are a very precise way to trade the forex market, if executed correctly. Here is one of my more recent trades USD/CAD on the 4h chart which was sent out to all of my students at Six Figure Capital! To start off 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:...
Make sure to keep this one on your watch list, here we have GBP/AUD on a 4h chart with a bullish cypher.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I will be going long from around 1.69200 if we make a higher low at our D point, only time will tell. As always feel free to share any complimentary...
We're looking at an extended harmonic pattern on a 4h chart for EUR/GBP. Make sure to keep this one on your watchlist, we'll be watching this heavily going into next week.
I'll be expecting price to stall out around our D point, completing the pattern followed by a sell-off at the right shoulder of the potential head and shoulders pattern. This harmonic pattern...
Once again we are looking at XAU/USD on a 4h chart with a potential buying opportunity in the near future. I'm loving the look of this, you can see we are currently trading within a channel testing major turning points in the market which has provided us with our future outlook on price direction.
The measurements for a valid bat pattern are detailed below.
B:...
This is my first post!
Today, we are looking at what I believe to be a Reverse Head And Shoulders pattern. It looks as though it has hit a reversal and it touching back to the neckline...
If it hits a reversal at the neckline, we can look to putting in a buy position
Today we have one for the swing traders on a Daily chart with USOIL reviewing my analysis posted around 5 months ago with a bullish 5-0 pattern. I'm still sticking to my guns by saying the long term picture for Crude Oil is bearish!
Straight away you can see price is slowly approaching our 200 EMA which is a decisive point in the market, I expect a spike up...
Here we are looking at one of my favourite pairs to trade... GBP/JPY on a 4h chart with an extended harmonic pattern, this is a perfect buying opportunity.
Price has formed a head and shoulders pattern within our bullish bat, which adds extra confirmation to my analysis. We are currently approaching our reversal zone (D point) where I'll be expecting price to...
I'm getting ready for the week ahead, make sure to keep this on your watch list! Here we have AUD/USD on a 1h chart with an excellent buying opportunity.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be looking for additional analysis this week for an entry point, as always feel free to share any...
