BoonHooi

BoonHooi Updated 

EURUSD to complete the Gartley pattern at 1.1765/70 levels Will wait for it to test the PRZ and react to those levels. I would also like to see Oversold indicators at the PRZ levels Similar to the EURJPY analysis, this could dip a little lower before it bounces big time.

BoonHooi Updated 

The pair completed a bullish Bat pattern. I would want to see how this pair opens at the beginning of the week. We could potentially see a quick 50-60 pips bounce up to 0.8785/95 However this will be totally against the CAD strength we are seeing currently. See my related USDCAD post

BoonHooi Updated 

Apologies for the late posting. The up momentum was still strong when the smaller (green) pattern completed. Only took the short when the bigger Gartley pattern completed at 1.2857/67. Price moved down nicely after the Canadian employment figures came out. Potential targets at the 1.2150 or even the 1.2030 lows Shifted SL to breakeven to protect profits. Risk...

BoonHooi

We have seen the EURUSD on the uptrend for the last 2 weeks of November. We could see this continuation of this uptrend at the beginning of Dec. I will stick to the trend and go long until the completion of the Bearish Shark Pattern at around the 1.21 levels However, if the support TL must not give way to maintain the bullish views. This bullish EURUSD views...

BoonHooi Updated 

Potential falling wedge formation on the H4 chart - Inverted Head and shoulder pattern - waiting for confirmation, breaking of neck line Will be patient to trade the breakout confirmation, and this will probably happen tomorrow

BoonHooi Updated 

This would be the third time USDJPY getting resisted by the 114.30/50 level resistance. Broke below the up sloping support TL. Taking a short and the correct way would be to place the stops above the highs at the resistance zone. The first target can be at the minor support level at 111.50/70 level. Stretched target can be at lows of 108.50

BoonHooi Updated 

Was initially long at the beginning of the month but closed off as it was going no where. Re-established the long after seeing a bounce off the bottom of the channel support. Looking at potential price targets - Channel high - Previous swing high - $1350 completion of Bat pattern

BoonHooi Updated 

EURCAD completes a Gartley pattern - Forms a small double bottom at the PRZ - Looking to trade the bounce

BoonHooi Updated 

I see a bearish Bat pattern completing higher at around the 1348 levels. However in the H4 chart, it just broke above the channel, giving it a bullish hint. I am looking to go long first towards the completion of the Bearish Bat pattern

BoonHooi Updated 

The H1 time frame chart is showing us a potential trade. Price tested the PRZ and the H1 RSI is oversold and formed a bullish divergence

BoonHooi Updated 

Spotted a bullish Bat pattern on the NZDUSD pair at around 0.6900/50 levels Daily RSI moving down to the OS region, building up a higher potential trade As the recent move down is very strong, I would expect price to hover around the PRZ for awhile before it can achieve a significant bounce. I would be patient and wait for the reversal pattern to go long at the...

BoonHooi Updated 

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

BoonHooi Updated 

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

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

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 Updated 

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 Updated 

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

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...