Hey guys, next week I will be looking closely at CADJPY. Bat pattern has completed on the daily chart and it is at the low of an ED channel. However, short term trend is still very bearish, and I advise waiting for some reversal patterns before going long. Check out my video on what I will watch out for before I go long.
We have a shark and bat on oil wait for a reaction at the 88.6 then buy
USDCAD is interesting. Daily trend is still down and I am still looking for opportunities to sell. I see a bearish shark that could play out. Check out my video for the PRZ zone where you can consider executing.
Hey guys, short video before I go back for some military training for 10 days. This is a bullish gartley with the trend. Right now is a possible entry on a type 2 setup. R:R is almost 4. More explanation and details in my video, good luck and good trading!
Hey guys, this is the first idea of the week. I am looking closely at USDJPY. H4 - Trend is down, short on retest at top of channel. Look out for no demand bars or buying climax at top of channel. Check out my 2min video to see how I mapped in a bearish shark pattern to short with the trend.
Hey guys, I just went long on GBPUSD. This is a bullish bat pattern with extreme vol exhaustion at PRZ. Checks all my criteria for a good trade. Aiming for 1.4080 as my first TP. EP: 1.3940 - 1.3960 SL: 1.3910 TP: 1.4080
Hey guys, this is Terry. Right now we have a nice bullish setup on GBPAUD targeting 1.8. This is easily a 200 pips profit potential setup with a 1:1 R:R. Check out my video so that I can share my thoughts with you on why this is a great bullish setup.
The GBPJPY has been trending upwards and a trend is likely to continue until proven otherwise. Therefore I am looking for a level to long on the big daily timeframe. I mapped in a shark pattern which points me to 141-141.30 for a potential long setup. Check out my video for a detailed analysis, feel free to PM me if you have any questions.
Last week, EURAUD has completed a bearish bat pattern around 1.57. Harmonic Execution The is a pattern to go short at the PRZ zone. Right now price is at a low price and the risk to reward ratio is not fantastic. Personally, I will wait for a pullback to the top the channel I drew for a better R:R trade. I will only go short when price touches the top of the...
Last night, we witnessed a strong absorption volume coming in to scoop AUDUSD at the lows. This channel is in play now and I expect further upside for AUDUSD till it reaches 0.80 at least. EURUSD on the other hand has reached the top of a similar channel. Therefore I expect my EURAUD short position opened last night to continue dropping. For those who wants to...
We are now witnessing an upwards retracement on GBPAUD. The immediate resistance is around 1.78. If it drops in the next few trading days, I expect it to come down to 1.7355 where it will complete the bullish shark pattern. This is where I will be interested to look for buying opportunities. The volume activity at the PRZ will be critical to my buying...
Today, we see an upthrust on EURUSD at the top of the channel. After NFP, the immediate trend has turned bearish and I will be looking for more shorting opportunities. The immediate support we can see is 1.2280, and we have to observe what happens when it hits the support there. If you go short on EURUSD, the stops has to go above the recent high. Easily a 1:1...
This is the H4 chart of EURUSD. It has completed a bearish butterfly pattern at around 1.2250. I believe the underlying trend is still bullish, therefore I am only aiming for the 38.2 profit level. Next week, I will be monitoring the 1.2250-1.2260 level for potential short. I want to see exhaustion vol happening when price retest the downsloping...
USDCAD has completed a double bottom reversal on the H1 timeframe. This suggests that there could be deeper correction upwards next week. I will be patiently waiting at 1.2670 for potential short setups. I will be monitoring the vol indicator for extreme high vol at resistance. This could be an easy trade back to 1.2370. Do not use pending orders, always wait...
GBPUSD has been trending in this h4 channel for the past few months. The bigger trend is still bullish but I am expecting a correction this week. This is gonna be a 150-200 pips move. Vol indicator has showed weakness and I am confident of this trade playing out. EP 1.3760 SL 1.3850 (90) TP 1.3600 (160) R:: 1.8
Hi guys, I was asked to analyze USDJPY by my followers a few hours back. I am going to do a big timeframe analysis. USDJPY is now resting at 111, a weak support in my opinion. Even if it bounces next week, I still see it falling in the next few weeks. The critical level to watch is 108, where it completes a Harmonic bat pattern. Be patient to be...
The alternate bat pattern is a pattern I rarely spot. This setup on USDCAD is great in a few ways. 1. Trending (Downtrend) 2. VSA principles pointing at further downside At the PRZ of this alternate bat pattern, there was a double top yesterday. At the 2nd top, there was a decent increase in vol with no further increase in price. This is a classic short...
GBPNZD just bounced off a significant daily support zone with decent vol. I expect this ranging situation to continue with a move back to 1.95. Stops will be around 1.8680.