This is an update to my EURAUD idea I posted a week ago. Initially was looking for a retest of resistance to short, however I changed my mind and updated the idea to short much higher (See related link) During NFP, the level I was looking out for was touched. This setup is great due to the following reasons. 1. Exhaustion vol at PRZ 2. Pattern Completion This...
This is a bearish bat pattern completing on EURAUD. Last week, price has touched the PRZ and price failed to close higher. This morning, price started to drift lower with increase in volume breaking previous low. I will personally be waiting for a retest of a resistance level before going short on this. Likely a high probability setup. EP: 1.5070 SL: 1.5120...
Hey guys, this is what I see on GBPUSD. A bullish bat that aligns with the trend which completed at 1.2860. Next week, I will be waiting for a pullback into 1.2860 before executing my long trade. EP: 1.2860 SL: 1.2810 (50) TP: 1.2980 (120)
Hey guys, this is my plan on how I will trade USDJPY. Price is very bullish, it has retraced close to the 200ma now. At that level, look left and you can see a nice SNR zone. Around this zone, it also completes an ABCD pattern. Next week, this will be my plan. EP: 113 SL: 112.20 (80) TP: 114.30 (130)
Hey guys, a bearish shark completed on USDCHF just last week. This is a nice setup which is aligned with the overall trend over the past few months. For next week, I will look for a pullback to 1.0055 to 1.0060 for a short. EP: 1.0055 SL: 1.0120 (65) TP: 0.9895
Hey guys, spotted a nice setup on GBPCHF. It has 2 patterns terminated around the 1.28 level. 1. ABCD 2. Deep Gartley The trigger to short will be the break of the support trendline. Do watch it closely. EP: Around 1.2720 TP1: 1.2540 SL: 1.29
Hey guys, have my eyes on a short term long on AUDUSD next week. The pattern I will be trading is the inverse HNS setup on the H1 chart. I like the volume activity at the current level. EP: 0.7390 SL: 0.7350 (40) TP: 0.7500 (110)
Hey guys, this is a with the trend trade which I could execute in the next few hours on AUDJPY -0.66% . It is similar to the setup I traded on GBPAUD yesterday which netted 180 pips. Price has come back down to a critical support zone. I like the volume activity. In the next few hours, if the candle closes very strongly with average to low volume , I will...
Going long on this with support at 200ma. I like the volume action at the resistance turn support zone. Aiming for 1.7320 with sl at 1.7050. Will be looking for shark short around that 1.7320-1.7340 zone later in the week.
This is a setup shared with me by naiveme, one of my trading buddies in tradingview. Check out GBPAUD guys. Pattern Identification Daily bearish shark completed at 1.7340. Trade Execution The H1 chart has nice explosive volume at the PRZ level. As this setup is on the daily chart, I want this level to be tested at least one more time. It could flow...
Hey guys, last week we had a setup on AUDUSD which was invalidated as price broke below PRZ. This week, I see a potential bounce off this ABCD pattern. Pattern Identification ABCD pattern completion at 0.7460. Trade Execution Price is currently trading within this H4 channel. I drew a trendline connecting the lows. If price retests the trendline...
Hey guys, alot of currency pairs are trending heavily. This week I cannot find enough Harmonic pattern setups to share. However, I might consider this AUDCHF HNS setup on the h1 chart. Pattern Identification Head and shoulders with a potential buy at right shoulder at 0.74. Trade Execution I will wait for a green candle with nice body to form near 0.74...
This is the bearish shark pattern on USDCAD which I spoke about 2 months back. Finally it has completed the pattern. Pattern Identification USDCAD completed a bearish shark at 1.3680. Trade Execution I love that nice pinbar that happened at the PRZ. It is accompanied by a nice explosive volume, which means that level is likely respected by big...
Hey guys, I just got back from my vacation and am excited to get back to chart time. Pattern Identification Bullish Shark @ 0.7485 Trade Execution I will monitor for price rejection at 0.7485 first before entry. I would want the volume when it reaches the PRZ zone to be lower than the volume when it initially tested that zone at around 19/4/2017. My...
Hey guys, this is yet another Shark setup on CADCHF. Pattern Identification Bullish Shark at 0.7330 Trade Execution I will wait for a rejection of the 0.7330 zone before entry. I hope that volume when price reaches that zone will be relatively low. My entry will be at the close of the first green bar after the PRZ is reached. EP: 0.7330 SL: 0.7280...
Hey guys, the USDJPY chart just completed an ABCD pattern on the daily chart. It is also resting nicely on the 200ma. This is how I will trade it going into next week. Trade Identification ABCD Pattern has completed at around 108.40 Trade Execution There are 2 ways we can trade this. 1. Wait for retest of 108.40. Trading this way will give you a better...
Hey guys, keep an eye on GBPCHF. Price has fully tested the PRZ betwen 1.2592 to 1.2605 Pattern Identification Bearish Bat completes at 1.2605. Trade Execution Price has bounced away from the PRZ on the H4 chart. However, I note that the RSI OB zone has not been tested. I will be patient and wait for a final retest of the RSI before executing my...
Hey guys, sorry for the long time away from tradingview. About a week since I last posted as I had some family issues to handle. All is fine now and I can now be back monitoring the markets. Pattern Identification Bullish bat completes on EURGBP at 0.8440 EP: 0.8440 SL: 0.8370 TP1: 0.8570 TP@ 0.8650 Trade Execution Will look to buy when RSI leaves the...