BoonHooi

BoonHooi

Expecting the pair to drop to complete the Bullish Gartley before I will be interested to go long PRZ at 0.8832/35

BoonHooi Updated 

This post is inspired by the discussion with a group of my students. We were looking at where EURUSD could possibly turn Spotted the following 2 patterns on the pair - a Bearish Crab on the H4 chart. Completion @ ~1.2125 - a Bearish Shark on the D1 chart. Completion @ ~1.2085 Let's monitor this closely. Tonight FOMC. I would love to see another higher high to...

BoonHooi Updated 

Spotted this pattern with my community members after the earlier short on the H1 charts. I believe that the yen pairs are more ready to fall next week. Evidence also in the NZDJPY and GBPJPY charts

BoonHooi

The pair is currently at the PRZ of the Bat Pattern. However there is a bigger Shark Pattern to complete lower. Let's see how this pair plays out at the beginning of next week

BoonHooi

Will only look for potential shorts when the Shark completes at around the 81.50 levels Of course it would be best if there is a reversal pattern at the PRZ Let's monitor this

BoonHooi

I too want to be an expert in BitCoins..... What should I do at this level? Nothing. If I were to trade BitCoins, I would still wait for my Harmonic setups before taking the trades. I see both Bullish & Bearish Deep Gartleys forming on the charts.

BoonHooi

Evaluating the Dollar Index, this seems to be aligned with the EURUSD analysis. Expecting to see one more dip in the USD before the rally starts. Waiting got Gartley Pattern to complete

BoonHooi Updated 

The pattern has completed, however I would like to wait for a rejection candle before I go short. The momentum indicator on the higher timeframe seems to point higher, hence the reason to wait for confirmation

BoonHooi

GBPJPY Shark pattern to complete around the 153.35 levels. Patiently waiting for that level before I am interested to go short.

BoonHooi

Have a look at NZDCHF. Earlier Shark entry actually hit TP1 and bounced back up to the entry levels again. Now we are in for a Type 2 entry. Also on the H1, you should be able to measure out a bearish Bat pattern to go short too. Next week is the Christmas week, I believe that the market will be slow. Let's track this one and see how it plays out next week, else...

BoonHooi Updated 

Similar bullish signal as the GBPCHF, indicating that we could be seeing some strength in the British pound early next week. Cautious if you are taking both GBPCHF and GBPUSD, highly correlated pairs. Let's see how this opens on Monday

BoonHooi Updated 

When we are trading the right side of the market, we must always look left to find clues. The reason I took some profits off my long trade at 1.3400 was because it was a resistance level (look left). Again looking left, I would want to see some price reaction to the 1.3365 levels to reestablish my long position. I still have half a position open. See related...

BoonHooi

After the nice 230pips drop on the last trade on this pair (see relate ideas below), I spotted another potential bearish Bat but higher. We could do a long all the way up to the completion of this Bearish Bat at around 1.3431/47 Let's see how the market opens on Monday, for us to take the trade.

BoonHooi Updated 

EURAUD completing a bullish Shark Pattern on H1 Slight caution is that the momentum on H4 is still down. Hence it might take some time before this can fully reverse. Let's monitor this together

BoonHooi Updated 

NZDUSD is probably in a range now. I see 2 butterfly patterns forming. Will trade this accordingly as it forms. Patience is the game

BoonHooi Updated 

Inspired by one of my student's sharing. He spotted a bearish Bat on the FTSE. Let's see how this opens later today. Price already close to PtX, a natural resistance level. Hopefully price reacts to this levels, drops and this will be a catalyst to for another leg down on my GBPCHF short.

BoonHooi Updated 

Pattern completed and price had an initial reaction to it. Came back up to retest the highs again and dropped again. Currently price leaving the PRZ

BoonHooi Updated 

EURJPY has completed the Bullish Gartley (in green), I have missed this trade. Hoping that this could still come back down once more to retest the lows and complete the Bullish Bat (in Orange) The PRZ for the Bat will be at 137.02/28. If this happens, I would like to see a bullish divergence on the indicators Let's see how this plays out. I see a similar...