CasMinor

CasMinor

I see a harmonic bat pattern forming on GU, I'll be watching this trade to see how it plays out. 20 pip risk for 60 pip reward. Also a strong trend line on the daily chart has been holding so to me this is a high probability trade. Will likely take a couple of positions to shoot for lower targets.

CasMinor

Looking to short AU as buyers become exhausted. Daily trend line is holding so far and R/R is solid for this trade. Looking to gain around 50 pips on this trade with risking ~25. 2:1 R/R. Looking at key support and resistance levels as my TP and SL.

CasMinor Updated 

Here's my idea for a possible long order on GJ. I already have a couple of positions open for the short term to make sure this level holds. Color coded the Fib extension (FE) levels with where I drew them from. We are hitting higher lows which indicates to me that price is going up. You can see we hit a couple of the FE levels and looking for price to reach 149.00...

CasMinor

Looking at a bearish Cypher forming on UJ. I'll be looking to take this trade when if it develops further. Keeping an eye on it for now.

CasMinor

I see a bullish pennant forming on GJ, I think we'll see some more consolidation over the next week or two and then a strong bullish push that will slow down around 160.00. I've been long for about a month on GJ with an entry at 148.046. At one point I was up 350+ pips but decided to hold (currently up about 70 pips). This trade was more of psychological test for...

CasMinor

It looks like we are reversing direction now that we hit the trend line in my analysis. We hit the full extension in red and I expect to hit the full extension in blue. I think a small pullback could happen before heading further north. Overall I'm planning to only trade this in long situations. The pink is a 1:1 measured move from the previous move upwards. I...

CasMinor Updated 

It appears that a bullish shark has formed on GJ and I plan to take this pattern as an opportunity to go long. If you have any questions feel free to comment. I know it's a little late since it appears the pattern has completed but I was just checking my charts when I noticed this move. My entry is 143.795 My conservative TP is at 144.550 SL: 143.550 R/R:...

CasMinor

Finally had some time to put in some charting time! For those that don't see my charts very often, I like to add in ellipses to show where I draw my Fib tools. My idea for DXY is that it will complete the full extension in Red. This lines right up with the 50% Fib retracement in Black. The 1.236 Red FE lines up with the Fib Retracement 61.8% and I set up a zone...

CasMinor

Based on some other analysis' that I have been observing here is my interpretation of AU. This analysis has been created from the weekly time-frame and I worked my way down to the 1H but ultimately I'm creating the idea off of the 4H. On the weekly I noticed price action struggling in around the minor quarter point at 0.75000. I labelled that with a weekly...

CasMinor

Correlation between DXY and USD/JPY Let’s start at DXY, if you look at the beginning of the year you can see we topped out just under 104 and then dropped during January down to 99.2 area which lines up right with the 38.2 FIB. If you move over to UJ, you can see that at the beginning of the year we started 118.5 area and during during January we dropped down to...

CasMinor

I'm publishing this idea to go along with my UJ idea. See my UJ idea for the explanation:)

CasMinor

My thoughts on this recent UJ push: If we back trace on the weekly chart back in May-Oct of 2013 we can see a similar pattern potentially forming right now. (Bullish Pennant) Fib extensions are drawn from red ellipses for reference. I drew a regular fib so you can where the bullish pennant retraced to. I used this idea to mock up a fib on the current direction of...

CasMinor Updated 

If you follow the Elliot Wave Pattern that I have setup it shows a potential bearish move. I used the FIB PRZ zones to predict where I think the price will drop to and then a FIB extension to predict a future long if the price drops to where my prediction is. Based on previous movement, I suspect this move will be over the course of the month of February. This...