Hey guys, just wanna do an update on my AUDUSD analysis last week. USD is still very weak. No shorting on this shark pattern unless it breaks this significant trend line support. Be patient :)
Was late last week's move on GBPUSD an overreaction? Price has completed an ABCD pattern back to a key support zone in yellow. I have gone long at 1.3270 with my stops at 1.3220 (50 pips) Hoping to ride this until 1.35(280 pips) where it completes a bigger butterfly pattern to short.
Hey guys, I see a potential bearish bat pattern completing on the EURUSD. Zone for potential reversal will happen around 1.1320. SL will have to go around 1.1350. TP will be right at last week's low of 1.1140. No pending orders, I will do market entry upon seeing how price reacts around that zone.
Hey guys, GBPUSD completed yet another ABCD pattern on H1. It signals a potential bounce off the lows at 1.3140. Right now, the right call is to wait for the bearish shark to complete around 1.3315 to 1.3325. That is where I will go with the trend to short the pound. My execution will be based on 1. RSI divergence 2. Candlestick pattern at reversal zone No...
Hey guys, just updating on my USDJPY analysis I wrote about last week. Price has missed my buy setup and gone up after the Fed interest rate announcement. With that, I will be adopting a trend following approach to my trade next week. The yellow zone represents my potential buying zone for next week. The MA on my chart that I use to plot trend is 34 high and...
Hey guys, this is Shark Terry again. This is specially written for EYEO(Eugene), one of my followers. This is an update to an earlier post I wrote about USDJPY. I see the Shark pattern playing out over the next few weeks. The immediate level I am watching is to potentially go long on a HNS buy around 100.80 to 100.90. SL has to go below 100 at around...
Hey guys, this is Terry once again. NZDUSD is on a steady uptrend for the past 8 months. In pattern's perspective, we are looking at a potential completion of this bat pattern on the daily chart. The zone to watch for reaction is around 0.7550 to 0.7580. SL has to go above 0.78 with targets back to 0.69. Expect some reversal chart pattern around the PRZ zone...
I see a potential bearish butterfly completing around 0.7670. Will not be surprised even if it does a retest of last week's lows before going up to complete this pattern. I will look out for the presence of bearish divergence in the RSI as well as a bearish candlestick completion before I decide whether to enter my short trade.
The GBP is on a tear, and my various attempt to buy low did not come into fruition. The next level I will be watching is this bearish butterfly pattern completing around 1.35. At 1.35, I will look out for the presence of bearish divergence in the RSI as well as bearish candlestick completion before I decide whether to enter my short trade.
The pound finally fell after such a long wait. I see a potential HNS patterns playing out on this pair, potentially forming a the right shoulder around 1.32. If this plays out nicely, this pair could revisit the low of August around 1.2865 which happens to be a buy level for this bearish shark pattern. Meanwhile I will be just waiting for the right price to go long.
After the interest rates news on Friday, I believe the market has decided on where it wants to go. I am now bullish on the USD until this Shark pattern completes. Zone to watch, 106.30 to 106.60.
Observation on the GBPUSD H1/H4 The formation of a potential shark pattern around 1.29. Price has completed the XABC move of this pattern. With a break of the upsloping trendline at point C, I am expecting price to come down to 1.29 where I will be interested to go long on a shark pattern. Potentially I can look for a 3:1 R:R move with a buy on the completion...
2 observations on the SPX. 1. AB=CD completion at 2193. 2. Potential big shark completing point C. If it breaks below gap opening around 2180, we could see it move down to point D of the shark pattern at 2152 Trade Plan: 1. If the SPX goes down as analyzed with harmonic patterns, USD should strengthen temporarily. 2. As primarily a Fx trader, I will look to...
Have been watching the 3 drives pattern playing out in AUDJPY H1. It is likely to complete at 76. RSI shows divergence, so it should be one last move down before a big reversal upwards will take place. Am likely to go long when it hits my target entry price. Stay tuned for my updates!
Have been watching the 3 drives pattern playing out in FX:AUDJPY0.17% H1. It is likely to complete at 76. RSI shows divergence, so it should be one last move down before a big reversal upwards will take place. Am likely to go long when it hits my target entry price. Stay tuned for my updates!
Hi guys, watching EURGBP for a short. On the weekly chart, it has completed a AB=CD move last week. On the H4 chart, I see a bearish shark completing at this critical level of $0.8722. Stop loss will go above 0.8750 and I am gonna hold on for a long ride on this trade potentially down to the 38.2 retracement at $0.8060 Good luck and good trading guys!
EURAUD completed a bullish shark on Friday. Will be looking to enter on a retest of PRZ at 1.4522. Stops will be around 1.4470 with initial targets at 1.4715.
Just went long on EURUSD C-D Swing of this Shark Pattern. Targeting 1.5580. SL at 1.1350.