BoonHooi

BoonHooi

CADCHF completed a Deep Bearish Gartley Pattern on the H4 at around 0.7715. Early last week I managed to get into the trade via a smaller Crab Pattern (in green) and took some profits off this trade. Now I spotted another bearish Bat pattern on H1, completing at around 0.7709. This will give us an opportunity to go short on this pair. Target can be the H4...

BoonHooi Updated 

Upon completing the Bearish Shark pattern (see earlier related post) I took a short. Covered the short yesterday when the price broke above the resistance trend line. However, I believe that the trend is still down and I have been looking to take a trade to continue the down move. The targets can be as low as 112.00. That is where the bullish Shark completes. I...

BoonHooi Updated 

USDCAD Bat pattern to complete at 1.3000 (round number) Hope to see a reaction first at PRZ before entering

BoonHooi Updated 

There are 2 potential Shark patterns forming on USDJPY. One completing around 114.94 and the other higher at 115.86 I am taking a small short trade at this current levels 114.94 Will be cautious of this current candle close

BoonHooi Updated 

Do note that this pair has completed a bearish deep Gartley pattern. See relate link below from Terry. However, there is a chance that price will test the PRZ once more before the big drop. M15 Crab pattern completing at 0.7717 I am already in a short at 0.7692 with stops at 0.7742 (50pips)

BoonHooi Updated 

While waiting for the CADJPY to complete.... this butterfly on the USDJPY triggers Buy at 111.85 with stops at 111.20

BoonHooi Updated 

CADJPY is close to completing the Bullish Bat pattern at 85.10. This could potentially be a good trade for the following reasons : - The Equidistance Channel, although not perfect, gives a good support - The RSI is already moving into the oversold region - These last 2 H4 candles shows some slowing down of the decline However we have to watch the proce...

BoonHooi Updated 

AUDCHF has been resisted at the 0.7640/60 conce Oct 2016 Now we have a Type 2 short for the bigger Bat pattern. Where as there is another Shark short on the H1 chart. I believe that there could be a retest of the highs again before a significant fall.

BoonHooi Updated 

CADJPY has already completed a bullish Shark pattern and price actually reacted to that level. I missed the entry and I am now hoping for a retest of the PRZ. I now see a smaller bullish Gartley pattern completing at around 85.90/86.00 levels I would also like to see the RSI going down to the oversold region for more confirmation

BoonHooi Updated 

The pair completed a bearish Bat pattern. Hoping for a retest of the highs at 0.7625 for a better price to short.

BoonHooi Updated 

NZDUSD completed a bearish Bat pattern on the H4 chart. Then again on the smaller M15/H1 chart and quite a significant resistance level Tool the short at 0.7210 with stops at 0.7245

BoonHooi Updated 

Completed a bullish Gartley and Crab pattern. RSI just bounced off the oversold region Breaking above the resistance trendline would be key

BoonHooi Updated 

BA touching the previous high back in Feb 2015 at around $160 Charts showing an ABCD completion with a rising wedge at the resistance level. Took the risk and shorted close to the top at $159.55 last evening with small SL at $160.66 An alternative will be to wait for the break below the wedge

BoonHooi

Bearish Bat pattern completing at $806.24 I would want to see price reacting to this level before taking a short. This trade will probably be after Christmas as I don't see much happening in the next few days during the holiday season. Let's keep a look out on this.

BoonHooi Updated 

Why a bearish pattern on AAPL ? ;p because I have stopped buying their products. (just kidding) Spotted a Bearish Bat on Apple Inc. Would like to see a reaction at the 117.00 levels. Also RSI moving up to the oversold levels, risk reward of 2.3x

BoonHooi Updated 

I have already take all my positions off on the initial trade at 0.7401 (+77pips). Now looking to re-enter a short hopefully at a higher price, waiting for more retracement. Looking at the 0.7440 levels : - Support turned resistance - ABCD pattern on the H1 - by then, I would prefer to see RSI at the 50 level and get resisted there. My original targets = 0.7328

BoonHooi Updated 

It has been awhile since I last traded stocks, I have been focusing on mainly on the Forex market. I would like to add on some stock analysis here from now on. Why Abbot as my first analysis, we have been giving our kids milk powder from Abbot since they were born ;) (no I am not a spokes person from Abbot) hahaha Price completed the Bat pattern at around...

BoonHooi

After the big drop, the DAX came up to test the highs again. Now I see this breaking below the trend line support. Stops above the trend line at around 10628. Targeting a 50% retracement from the lows at 10381 This is just based on support and resistance, no harmonic pattern this moment