EverythingForex

EverythingForex

This bullish crab just completed. I'm in LONG on this pair and looking for at least target 2 to be hit. If not more. Follow your own trade rules....

EverythingForex

You might ask, "WAITAMINNIT???? You spotted 2 POTENTIAL BEARISH patterns but you are making a case for a LONG position? What gives?'. My answer: Yes, I'm looking LONG until the first bearish Butterfly is completed. Then I'll look short! I don't normally play the CD leg pattern completions. And in this case, although It may look like I am, I'm actually waiting to...

EverythingForex

A little late in posting this but I'm sure many others here had already posted about this bullish Bat pattern. But I am posting this anyway because it supports my case to go LONG on the larger bullish Crab pattern I posted about last week and also my recent post for a good reason to go LONG on this pair (see Related Ideas: UPDATE #2: EURUSD Bullish Crab Pattern -...

EverythingForex

Updating my post on this last week on the bullish crab long scenario, with the Greek referendum over and the subsequent volatility and gap downs, the market failed to take out the crab pattern and this is still a valid pattern. In my analysis, I detailed the case for a long on this pair with another possible leg up left to go on the bearish flag pattern seen on...

EverythingForex

JFYI....... With the current Greek referendum looking like a "no" vote and continuation of it's dire economic outlook, it's very likely that this pair will drop significantly breaking out of it's current bear flag pattern. In my post on this pair last week, I projected that it was possible that there was yet another leg up within this bear flag. But it's possible...

EverythingForex

6 days ago, I published a potential Gartley developing. Now here we are. Prices have ALMOST reached the Gartley I had mentioned in the previous post. ALMOST because prices have not reached the D point of the .786 Gartley at 1.26380 yet.(the high of current PA is 1.26322). So DON'T jump the gun! This Gartley is not yet completed. The Gartley I posted is a .786...

EverythingForex

***TRADING NOTE*** Due to the NFP, I am pausing all my trade setups until after the NFP as I personally do not trade during the NFP. Take trades at your own risk, The NFP could easily invalidate all the trade setups. Will re-evaluate after the NFP release.

EverythingForex

UPDATE : The bullish Cypher I had posted about earlier has now been completed. Can take trades now. I am long from the D point at 0.76080. Targets are on the chart. UPDATE #2: NFP caused prices to dip a little bit more into the PRZ but did not take out this trade. Now looking to reach Target #1 today. Will update again if/when it does. UPDATE #3: This cypher...

EverythingForex

UPDATE: Trade is still on since the NFP failed to take out the bullish Crab. Looking to reach Target #1 before the weekend. Here's a Bullish BAT on the 1HR TF that is just....almost....there! BUT...I don't think it's gonna complete. Here's why: On the 4HR chart, there's a bullish morning star candle pattern right almost EXACTLY where the C point of the large...

EverythingForex

Just a quick snapshot of the cyphers I see on this pair......

EverythingForex

Here we have yet ANOTHER bullish cypher that might soon complete. This is on the tail of the previous bull cypher that I had identified and that gave a nice quick +79 pips profit (see "AUDUSD: Dueling Cyphers and All That Jazz! Top-down analysis.... " post) As with most of my analysis I do, I don't just try to give out the pattern but also the reasons why I think...

EverythingForex

UPDATE #2: Prices have now reversed and closed past my PRZ. Therefore, I have closed this trade and will now sit back and see what happens next. I have posted and alternate scenario for what I think will happen if this bearish crab were not to hold. I will now look to that scenario and see what develops after the weekend. UPDATE: the NFP did cause prices to...

EverythingForex

Updating the earlier posts about this bullish deep crab pattern, prices have now reached it's PRZ and completed this deep crab. RSI is showing oversold condition. However, as of this post, I am waiting for a bullish candle close on the hourly chart to take the trade. Prices may penetrate deeper into the PRZ before reversing as is usually the case with extension...

EverythingForex

UPDATE: During the NFP release, prices just barely nicked the S/L but did not take out the trade. Prices also never closed above the PRZ and the X point. So this trade is still good and the pattern is still valid. If you took this trade, you should still be in it. I am. Now will look for prices to reach Target 1. Hopefully today. A Bearish Cypher was just...

EverythingForex

Updating my post on this bullish deep crab pattern that may soon be completed, I have also re-analyzed this pair and can see an alternate scenario for it's direction. After the bullish cypher I posted earlier was broken to the downside (after reaching and taking profit at target 1), I wanted to re-assess what PA was doing. So while this bullish deep crab is...

EverythingForex

In a previous post, "UPDATE! GBPUSD Bullish Cypher Completed. ", the bull Cypher I posted about reached Target 1 for a quick +40 pip gain. If you had placed your T/P at that point, you would've gotten the 40 pip gain. But with the release of GBP Manufacturing data, prices quickly dropped down to close out the cypher and I got stopped out on this trade at my...

EverythingForex

UPDATE: Prices have closed above this bear Bat making it INVALID. Will wait to and re-analyze for another entry. In my previous post about this pair, "USDCHF: 1 Bearish BAT near complete + 1 Bullish Cypher Waiting..", I alerted everyone about a possible bearish Bat pattern that could be near to complete. PA has now reached it's D point to complete the pattern....

EverythingForex

The bullish Cypher I had published earlier has now been filled. I am LONG from the D point 1.56792. Profit targets for the Cypher are on the chart. As according to my analysis I published earlier, I will be holding my LONG position for a swing trade looking for a move to the top of the rising wedge channel to complete wave 5. **NOTE** I had also posted a...