Hey guys, am currently watching AUDJPY. I am interested to go short on this pair. It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel. EP: 78.70 SL: 79.40 (70) TP: 76.50 (220) If you are already took position on EURJPY idea posted early week, I suggest to keep this position to half your normal risk exposure....
Hey guys, I have just entered long on EURCAD off a H4 channel low. Using a tight stop, I hope to ride the trend on this pair to 1.49. EP: 1.4650 SL: 1.4580 (70) TP: 1.49 (250) Will keep you guys posted on my position.
Hey guys, we have a great setup coming on EURJPY. Bat pattern to short at high of channel top. EP: 115.60 - 65 SL: 116.50 (90) TP: 112.90 (270) Will be monitoring RSI divergence candlestick reversal patterns for signals before entry. Harmonic trading success rate becomes much higher when you combine it with a simple ED channel.
Hey guys, this analysis is done upon request from some of you. I will highly suggest not trading the pound for the next few weeks. No clear direction unless I zoom all the way out on the weekly chart. This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge! Just sharing my view. If the pound does a fierce deadcat...
Hey guys, I am eyeing a very high probability setup coming up on USDCAD next week. This is a good setup because 1. It has a deep gartley setting up at 1.3240 2. ABCD completion 3. We are selling off the H4 channel top Will monitor RSI for dvergence/OB before execution. Plan, execute and follow through for all these trades. EP: 1.3240 SL: 1.3290 (50) TP: 1.3050 (190)
Hey guys, this is probably coming in a few hours or for poised to complete early next week. I see a bullish gartley completing on EURUSD. This is a great gartley because of a few reasons. 1. Perfect confluence of XA and BC fibonacci 2. Perfect AB=CD pattern completion 3. Good support trendline that can validate that zone as a good support zone. I will monitor...
Hey guys, having a great run this week on my trades. Be sure to check out my 200 pips beauty for EURCAD. Next up, have just entered long on EURGBP at around 0.8620. Stops will go at 0.8580 with TP at 87. This is an ABCD pattern off the highs with H4 ED channel support. Will keep you guys posted. :)
Hey guys, looking closely at EURUSD this week. 2 zones that I might potentially go short on a bearish shark pattern. Zone 1 : 1.1260 Zone 2 : 1.13 I will monitor RSI overbought and candlestick patterns for weakness/reversal patterns before I enter short. Stop loss will be at 1.1330. Target will be at 1.1140
Hey guys, some sharing on Gold and how I will trade it. The blue channel is drawn on the H4 chart, it is a channel that has been respected for months. I saw a bearish shark completing on gold with the entry around 1350. SL will have to go above 1355 with profit targets back down at around 1315. Monitor these criteria before entry for a higher probability...
Hey guys, do check out EURCAD. It has a shark pattern which completed around 1.4920. (XA113, BC1618 PRZ) Ideally, I want it to retest 1.4920 before I go short, but based on experience, it usually does not go all the way back up. Will be happy to execute this short around 1.4870 with my targets around 1.4650. SL will be at 1.4950. Happy trading and I will keep...
Hey guys, my thoughts on EURUSD. Price respects this ED channel in blue. Price broke structure last week, I will be looking for weakness in yellow zone around 1.12 to go short. Stops will go above 1.13. Targets will be right below at 1.1 which is the completion of the bullish bat pattern.
Hey guys, expect volatile swings on JPY pairs this week. I hope the BOJ attacks the market with similar double wammy delights like they have always done. This is what I am waiting for. A news event to push USDJPY above 103 to around 103.40. Then an immediate regret at that level signified by a bearish candlestick reversal in the lower TF. This is where I will...
Hey guys, for this setup, just a simple short on retest to channel around 77.40. Preferably there should be harmonic patterns in the lower timeframe to short. Stops have to go above previous high with TP right at channel bottom.
Hey guys, I have just entered short on EURGBP. There is a HNS pattern on H1. Shorting very close to the shoulder with stops just above the head. Planning to ride this to 8340 which is the completion of the shark pattern.. Prepare for what could be a long ride which could last for weeks.
Hi guys, this is Terry the shark trader. I personally trade alot of shark pattern based on my mentor Scott Carney's work. This week I am watching EURCAD closely. Price has bounced off the bullish shark prz around 1.4390. I am personally waiting for a retest of that zone to get long. SL will be around 40 pips with a potential to make 140 pips.
Good morning guys, awaiting buy for EURJPY at 114. Price has bounced off initial PRZ, waiting to enter on a type 2 retest of this level. SL will go at 113.60 and TP will be at 114.90. 40 pips of risk for 90 pips of profits.
Hey guys, a great pity to miss my long on EURJPY posted yesterday. Today, I am watching for GBPJPY to hit 137 for a potential short. SL will go around 137.60 and TP will be right back at 135. This is based on a shark pattern which completes at XC 100. Will look out for 1. Divergence at entry zone on the rsi 2. Reversal candlestick 3. Long hammer...
Hey guys, analyzing AUDNZD for some friends. AUDNZD is interesting. It has completed 2 patterns 1. AB=CD pattern 2. Gartley Pattern Both points to this currency pair rebounding. However, I will be hesitant to go long until price the breaks the trendline in red. Downward momentum is still very strong, will not feel safe going long without price showing it...