BoonHooi

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About me A Trader and Trainer at HarmonicForex.com. Majority of the trades are based on Harmonic Patterns
Joined Singapore
Trading the Harmonic Patterns. I will share as many of my trades as I can here.
Markets Allocation
86 % forex 5 % stocks 1 % indices 8 % other
Top Mentioned Symbols
AUDUSD 9% | 16 CADCHF 7% | 12 USDJPY 5% | 10 EURUSD 5% | 9
BoonHooi BoonHooi GBPAUD, 240, Long ,
GBPAUD: GBPAUD bouncing off support
62 0 4
GBPAUD, 240 Long
GBPAUD bouncing off support

GBPAUD bouncing off the 1.6800 support. If get in at a good price, this will be a good risk to reward trade.

BoonHooi BoonHooi SOYUSD, 240,
SOYUSD: Soybean - First time seeing this chart
26 0 2
SOYUSD, 240
Soybean - First time seeing this chart

I was inspired by a friend who was asking me about the soybean. I don't trade this commodity but it was worth looking at now. See how the price reacted nicely to the Bullish Bat at around 9.17, and now I see a potential Bearish Bat to short at around 10.23 It just goes to show that as long as the financial instrument is liquid enough, there will be Harmonic ...

BoonHooi BoonHooi GBPAUD, 240, Long ,
GBPAUD: Going long before the short on the GBPAUD
152 0 6
GBPAUD, 240 Long
Going long before the short on the GBPAUD

Spotted patterns on GBPAUD Orange Pattern : Bullish shark completed and it bounced up. Price came down for a Type 2 entry to buy. Green Pattern : Bearish Bat completing at around 1.7135 I am looking for opportunities to long with a small stop loss to ride up to the completion of the bearish Bat at 1.7135 (250pips move) Will be watching out for any continuation ...

BoonHooi BoonHooi CADCHF, 240, Short ,
CADCHF: CADCHF - Bearish Gartley Pattern completes higher
72 0 4
CADCHF, 240 Short
CADCHF - Bearish Gartley Pattern completes higher

Spotted a bearish pattern completing around the 0.7860/71 levels. As the price moves up to complete the pattern, I would like to see the RSI moving into the overbought region. Let's see how this price unfolds

BoonHooi BoonHooi USDCAD, 60, Long ,
USDCAD: USDCAD - Completed Bullish Bat
272 0 7
USDCAD, 60 Long
USDCAD - Completed Bullish Bat

The pair completed a bullish Bat pattern approximately 12 hours ago. I am now looking at the falling wedge pattern + bullish divergence for a potential long trade Would like to see price go above 1.2460 If you take this trade, stops should be below the 1.2420 levels

BoonHooi BoonHooi AUDJPY, 60, Short ,
AUDJPY: AUDJPY - Bearish Butterfly pattern
174 0 9
AUDJPY, 60 Short
AUDJPY - Bearish Butterfly pattern

Identified a bearish Butterfly pattern completing at around 87.92. From the hints given by the recent candles, I believe that price could move up to test the 87.92/88.00 level once more before it falls. I would want to see a bearish candle setup at that sell zone before taking a trade.

BoonHooi BoonHooi EURUSD, 240, Short ,
EURUSD: EURUSD - Potential Butterfly Pattern to Short
295 1 11
EURUSD, 240 Short
EURUSD - Potential Butterfly Pattern to Short

Was on my Facebook on this late Sunday morning and saw this discussion between two Harmonic Traders. Great spot guys Bearish Butterfly Pattern completing around 1.2161. BUt do not that EURUSD has been on a strong uptrend from 1.05 since Mar/April of this year It will need to range and stabalise before it can make a significant drop. However us Harmonic pattern ...

BoonHooi BoonHooi AUDUSD, 60, Short ,
AUDUSD: AUDUSD - completing a bearish Shark pattern at a Round number
318 0 8
AUDUSD, 60 Short
AUDUSD - completing a bearish Shark pattern at a Round number

As we all know, round numbers are natural support and resistance levels. I see the pair completing a Bearish Shark pattern at 0.8100 - The H1 and H4 RSI already at the overbought zone - D1 RSI approaching the overbought zone hinting to us of a potential reversal Note : FOMC announcement tonight at 2am (Singapore time)

BoonHooi BoonHooi JP225USD, 240, Short ,
JP225USD: Nikkei 225 - Potential completion of a Bearish Gartley pattern
62 0 7
JP225USD, 240 Short
Nikkei 225 - Potential completion of a Bearish Gartley pattern

The Nikkei225 showing a potential Gartley Pattern completion at around the 19900. I would be more patient on this setup: - The CD Leg move is has been very strong, hence it could take more time to stop and reverse at the PRZ - I would like to see a reversal pattern at the PRZ The H4 RSI is already at the overbought zone, hinting to us that the potential of a ...

BoonHooi BoonHooi GBPAUD, 240, Long ,
GBPAUD: Bullish Pattern on the GBPAUD too
306 0 7
GBPAUD, 240 Long
Bullish Pattern on the GBPAUD too

Spotted a Bullish Butterfly on the GBPAUD - completing at around 1.6188. Similar bullish setup on the commodity crosses, GBPNZD Probably the Brexit negotiations will be the trigger for the long

BoonHooi BoonHooi NZDUSD, 60,
NZDUSD: Where is the NZDUSD heading ?
84 0 5
NZDUSD, 60
Where is the NZDUSD heading ?

This pair has been in congestion towards the end of last week. From the technical perspective, is it heading higher or lower ? The name of the game is patience, unless you have the crystal ball sent from the heavens to tell you the next move, we should just be patient and let the market show us. If it breaks higher, we can look to go long when it retests the ...

BoonHooi BoonHooi GBPNZD, 240, Long ,
GBPNZD: GBPNZD - Bullish Gartley Pattern completing
117 0 3
GBPNZD, 240 Long
GBPNZD - Bullish Gartley Pattern completing

The GBPNZD charts showing me a potential Bullish Gartley pattern completing at the 1.7509/37 zone. I would be interested to go long at this zone, but I would first want to see a reaction at these levels. Hopefully we can see a reversal chart pattern at the buy zone. One more leg down to for the T-Bar will probably cause the RSI to go oversold, an ideal case for ...

BoonHooi BoonHooi EURJPY, 60, Long ,
EURJPY: EURJPY Bullish Crab - Type 2
101 0 5
EURJPY, 60 Long
EURJPY Bullish Crab - Type 2

EURJPY completed a bullish Crab pattern, bounced off the PRZ and has now come back to the same levels again. Taking a long with a small 45pip SL. Entry : 128.75 SL : 128.30 Leave the targets open for now.

BoonHooi BoonHooi USDCAD, 60, Short ,
USDCAD: USDCAD - Rising Wedge
140 0 4
USDCAD, 60 Short
USDCAD - Rising Wedge

One of my favourite classical pattern to trade - Rising Wedge. This is a signal to take a short on the pair. Could wait for the retest of the TL Stops above the recent highs

BoonHooi BoonHooi DXY, D, Long ,
DXY: Dollar Index (DXY) had completed a Bullish Bat pattern
150 0 7
DXY, D Long
Dollar Index (DXY) had completed a Bullish Bat pattern

The DXY has just completed a bullish Bat pattern and it is showing an initial reaction to the PRZ. This is also evident in the falling EURUSD and GBPUSD. I believe we could be seeing the end of the dollar weakness since the beginning of the year. Hence I will be looking for a short play on the EURUSD and GBPUSD

BoonHooi BoonHooi AUDUSD, 60, Short ,
AUDUSD: AUDUSD Bat pattern completion at 0.8050
155 0 10
AUDUSD, 60 Short
AUDUSD Bat pattern completion at 0.8050

The measurements shows a Bat completion at 0.8050 Let's wait for a reaction at that level before entry Please note that RBA statement is at 12.30 (Singapore time) The RBA is expected to hold the rates at 1.5%

BoonHooi BoonHooi EURUSD, 60, Short ,
EURUSD: Rising Wedge on EURUSD
231 1 6
EURUSD, 60 Short
Rising Wedge on EURUSD

EURUSD approaching the resistance zone created by the Aug 2015 and the May 2016 highs. I see a rising wedge forming with the RSI showing that this move is exhaustive. Will look to go short if it breaks out of the wedge.

BoonHooi BoonHooi U96, W, Long ,
U96: SembCorp Industry - Potential long in the making
34 0 11
U96, W Long
SembCorp Industry - Potential long in the making

Technicals/Charts: - Approaching the Support/Resistance at 3.20/3.30 levels - Weekly RSI turned up at 50 - showing strength still - MACD consolidating for some time I would like to see price break above the resistance TL and the support turned resistance zone with high than usual volume. This will give an indication of a strong rally.

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