BoonHooi

BoonHooi

Shorted the pair based on the earlier bearish Shark pattern. The retracement hit my protective stop loss. now possibly looking for a Type 2 re-entry or a test of the support turn resistance Trend Line

BoonHooi

Looks like the CADCHF is reacting to the smaller bearish Shark pattern.

BoonHooi

This setup could still be a little too premature this moment. I see a bearish Bat completing at 0.7600. Let's see if there is opportunity to ride up the CD Leg.

BoonHooi

Similar to the GBPUSD setup. There is a bullish pattern coming up. PRZ at 130.40

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Price bashed below the smaller bullish Shark (posted earlier this week) making that pattern invalid. Now I am looking at this bigger Gartley pattern. Let's see how price reacts to the PRZ @ 1.2925

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I am expecting this bearish Bat to trigger a sell off to the 100.00 level for the bigger Bat Buy

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I believe there is still more down side to this pair. I see a bullish Shark completing at a lower level around the 1.6961/92 zone. Still some room for this to fall.

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I am looking to go long on this pair as it comes back to test the 1.3033 PRZ

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I am expecting the pair to go slightly higher to complete the bearish 5-0 patterns at 1.1350. Then only it would be a good opportunity to look to short

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I see two harmonic patterns completing at around 1.3270. I was waiting the whole day and it looks like I'll have to wait a little while longer. Might just be a trade for tomorrow or next week.

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The bearish shark pattern completed last week now we could see a retest of the highs for a Type 2 harmonic pattern to short. Paying close attention to the 0.9940/50 levels

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EURGBP bearish bat to complete at around 0.8585. I would like to look for a reaction to that level before I go short on this pair. Notice the bearish RSI BAMM lining up for the short too.

BoonHooi Updated 

Let's have a look at the smaller time frame. A bearish Bat completing at around 1.6855 levels

BoonHooi

From the charts I can see the bigger Gartley completing at 0.7344/58 The smaller Shark completing at 0.7357/69 Hence we have a potential reversal zone of approximately 35pips, small for a H4/Daily chart Let's stay patient for the TBar to form.

BoonHooi

After the market calmed down towards the closing of the week, the chart is showing us a Bullish and a Bearish Bat pattern on the EURUSD. Let's see what happens next week and trade them accordingly.

BoonHooi

After the market calmed down towards the closing of the week, I see the EURUSD chart showing us both a bearish and a Bullish Bat pattern.

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What is the market telling us now after all the turmoil from Brexit. Is it going to be Risk on or Risk Off for next week ? The charts are showing us that the AUDUSD is currently supported at the 0.7330/50 levels. If these support levels give way, we could be looking at 0.7060 or even 0.6950 levels for the pair as it goes down to complete the Bullish Bat pattern

BoonHooi

NZDCHF completed a Bat pattern, price could potentially come back to test the PRZ again