GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish cypher pattern completion 2.24AB=CD (cypher) ...
GBPJPY has completed a series of bearish patterns. Two bearish Wolfe Waves are entering a their sell zones. A bearish Gartley pattern makes for a good place to enter. The Gartley PRZ is confluent with trendline resistance. SL is placed above X/5/5 with target at the unhit weekly pivot. Confluence in the PRZ: 1. Large bearish WW pattern potentially...
The trade idea I had posted before (see Related Ideas: "TRADE: AUDUSD: SELL@.73260 Wave Count Shows Large Move Coming") is already in profit but what I wanted to show was that this pair is probably etching out a contracting triangle within a larger expanding triangle wave (4). This contracting triangle is also a POTENTIAL Wolfe Wave with the target line pointing...
EURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as well. To add to the bearish bias, two unhit weekly...
I haven't posted a full analysis here in awhile so I'll post one now. I do a FULL ANALYSIS on every pair I trade normally once a month. Although that goes out to my private clients regularly, I don't always manage to post it here. So here it is.... But first, some posting notes. This analysis is comprehensive and LONG. Too long for the allowable post length for a...
GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. Profit is taken at the PRZ of a potential bullish...
My daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is completed. Alternatively, this may be traded as a...
NZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW sell entry will have an opportunity to enter when...
EURAUD showed great strength today after hawkish comments from ECB president Mario Draghi sent it rallying through my previous PRZ. I am again bearish on this pair as there are two bat setups completing near an optimal Wolfe Wave sell zone. A new daily pivot sits below price to add to the bearish bias. Targets are placed at the new pivot and near the 1-4 WW...
CADJPY has completed several patterns in an area confluent with a bullish Wolfe Wave buy zone. There's also a strong trendline to support price in alternate bat PRZ. Confluence in the PRZ: 1. 3 Bullish Crab Patterns 2. Alternate Bullish Bat Pattern 3. Long Wolfe Wave Buy Entry 4. Strong Trendline Support Thanks for viewing and don't forget to hit the...
EURJPY has achieved Wolfe Wave T2 (attached below) and is completing a series of bearish patterns in a confluent reversal zone. On the longer TF, a 1.13 projection of 0X lies at the top of the PRZ. There are also bearish bat and butterfly patterns completing in the area of a Wolfe Wave SELL zone. Missed pivots lie below price which may also drag down price. ...
USDJPY is forming a possible Bearish Cypher pattern, potentially ending in the territory of an optimal Wolfe Wave SELL zone. If price reaches this level I would expect a quick reversal as this area is highly confluent with multiple key levels of interest. Stop loss can be placed above S/R with a target at .382CD. Confluence in the PRZ: 1. Bearish Cypher...
GE has completed a bearish crab pattern in the optimal sell zone for a short Wolfe Wave trade. There is significant bearish divergence in addition to an overbought RSI which add to the bias toward the short side. Two missed weekly pivots sit below price as well, which may help drag the price down. Stop loss can be placed above a significant S/R level while...
Potential patterns setting up on USDCHF opening up a short opportunity. Pending order set at top of expanding triangle with SL outside PRZ for bearish crab. Target set at at S/R zone and unhit weekly pivot. A second target may be set at the Wolfe Wave profit line.
After re-analyzing this pair with more focus (admittedly, I was all over the place yesterday as almost EVERY pair I follow is setting up for some kind of major move), I have revised my wave count. Taking a closer look at the wave (iv) to see where are the high probability turning points, I've also located some patterns as well. There is a possible Wolfe Wave...
ZONE FOR SELL: S/L above 0.72360 Target = 0.70000 Thanks for your likes and comments!
ZONE FOR SELL: S/L above 1.13400 Target = 1.10000 Thanks for your likes and comments!