Hey guys, this is an update to the previous GBPUSD chart I posted before FOMC. That chart had some junk in it and was not clean enough, so I am re-posting it together with updates. Pattern identification I see a bullish bat pattern completing around 1.2050 - 1.2070. Trade Execution Post FOMC, I am still waiting for GBPUSD to hit my entry level before...
Hey traders, USDJPY might be completing a buy setup near 112 this week. Keep a lookout. Pattern Completion Bullish Shark pattern completes around 112.12. This shark PRZ is made up by BC extension 161.8 and XC 0.886. Trade Execution Will lookout for pinbar or candlestick reversal at PRZ for long. This setup will be even better if the RSI shows either...
Hey guys, hope you guys had a great trading week. I was away for work in Vietnam but I still had a great trading week. This is what I love about trading, being able to be anywhere in the world and still have a chance to make some profits for myself. Will be looking to short AUDUSD next week. Pattern identification AUDUSD completes a bearish shark on the H4...
Hey traders, just prepping myself before the webinar starts tonight. I see a nice bat pattern completing on GBPUSD. This pattern aligns with the GBPAUD I shared over the weekends. Pattern Identification Bat pattern to buy at 1.2050 - 1.2070. Very tight confluence at this zone, DO NOT use a pending order. Trade Execution Will wait for a pinbar,...
Hey guys, NFP is finally over and we have many good Harmonic setups coming up. The 1st I want to talk about is on EURUSD which has a Shark pattern completing. Pattern Identification The bearish shark pattern completes at 1.0790. Based on the rules of the pattern, I will be looking to go short on EURUSD when the pattern completes. Trade Execution A few...
Hey guys, watch GBPAUD, the shark pattern is about to complete at 1.5930. Trade Execution I will look for a bounce off the PRZ before considering whether to go long. A good rejection can be a pin bar candlestick or a nice engulfing bullish candlestick reversal. No reaction no trade. SL will go be at 1.58, targeting 1.67 for a nice daily swing trade. This...
Hey guys, this is a great setup on USDJPY. I am expecting it weaken next with a retracement on the USD. Pattern Identification USDJPY has completed a bearish shark last Friday at 115.37. It has since fallen about 60 pips. Trade Execution At this current price, I will only go short if it retests the zone between 115 to 115.30. I will monitor for reaction...
2 months ago, I talked about this bullish shark setup on Gold. (See related ideas below) It has yet to reach our entry level, but we are now very close. Some minor updates include buying slightly higher at the 1083-1092 zone instead of the 1045 area as I am following the strict rules of the Shark pattern. Further explanation will be in my weekly video which will...
Hey guys, this is a setup I talked about in my weekly webinar which just happened yesterday. This is CHFJPY on the 4hr chart. Pattern Identification I see a bearish butterfly completing at 114.50. The B point is slightly higher than 78.6, it is still a valid butterfly as long as it does not hit the 88.6 retracement. Trade Execution I will look to go...
Hey guys, this is a follow up on my view on USOIL after my webinar yesterday. Pattern Identification I see a bullish shark completing at 51.20 yesterday. Trade Execution I was telling everyone to watch for a reaction at the PRZ before any longs. Because we do not trade with pending orders, this is a trade that we did not get to execute and I am glad this way...
Next week, I am predicting early week weakness for USD. USDCHF completed a bearish shark(blue triangle) on Friday and started to fall. In the upcoming week, we have NFP and we might see USD continue dropping before NFP. Pattern Identification We have a bullish shark pattern completing on the H4 chart on USDCHF around 0.9850 - 0.9860. This is a zone of...
Hey guys, some updates before I end the week. Took a loss on a USDJPY trade yesterday. This morning I saw a bullish shark formation on EURUSD. Pattern Identification Bullish Shark at 1.05. Price has bounced off the PRZ last night, moving about 20 pips north. Trade Execution Currently I am waiting for a retest of 1.05 and I will only execute a buy if I...
NZDUSD just complete a ABCD pattern on Friday. Bulls are likely to come in when market opens tomorrow. Pattern identification ABCD pattern completes at 0.7. This is a bullish ABCD pattern where my bias is to go long upon pattern completion. Trade Execution This is a buy at the open on Monday. For conservative traders, you might want to consider going...
Hey traders, just want to share my thoughts on CADJPY Pattern Identification Currently, price has been respecting this ED channel on the H4 chart for the past 3 months. There is currently no Harmonic patterns that is completing. Trade Execution I will personally wait for a rejection at the upper boundary of the H4 channel before I think about executing a...
Hey traders, just sharing more information about trading the Gartley pattern. New traders who just got started in Harmonic trading often ignore the importance of an ABCD pattern within a Gartley Pattern. Pattern Identification The Gartley pattern completes around 85.60 where an AB=CD pattern completes close to the XA 88.6 lvl around 85.60. Trade Execution...
Hey guys, I am about to execute a short on USDJPY. Pattern identification Bearish shark at 113.90 Trade Execution 1. I see a bearish divergence on the RSI. 2. A secondary test at the PRZ (XC 113 + BC 2) SL will be at 114.30 TP will be at 112.85 This trade will be invalidated when it hits our SL at 114.30.
Hey guys, I am monitoring EURGBP. Pattern Identification I see a potential Bat pattern completing at 0.8570. This pattern completion level is great as this level is also at the upper boundary of a down sloping channel. Trade Execution Based on the rules of the bat pattern, I will look to execute my short around the PRZ at 0.8570, once I see that price...
Hey guys, USDCAD will be on my radar next week too. USDCAD has been range-bound in February, and I expect the range to remain going forward until perhaps NFP March 2017. The USD is likely to undergo further correction downwards aligned with the setup I spotted on USDJPY last week. Pattern identification I see a potential bullish shark pattern completing...