EverythingForex

EverythingForex

There is a triple bottom forming with a double bottom already in. There is also 2 potential Bearish BATs with the C points possibly confirming at the double and triple bottoms. Took the trade at the triple bottom point for the possible CD leg of the 2 BATs. Taking profit off the completion of the CD leg of the smaller BAT pattern though for a 1:4 R/R.

EverythingForex

AUDUSD broke through a month long resistance level around 0.78470 and took off up to around the B point where it met resistance and retraced back down to the former resistance turned support at 0.78470. It hit this level and promptly shot back up to where it sits now around the B point minor resistance level. I'm LONG from the 0.78470 resistance turned support...

EverythingForex

There are 3 possible harmonic patterns here: BAT, DEEP CRAB and a 1.13 Fail Wave. BAT: I think is the most likely outcome given the 50% XA retracement to the B point. w/ a deep C point. A .786/.886 XA retracement for the D point would complete the BAT pattern and would be a good retest of the X point high Deep Crab: 50% XA to the B; deep C point almost to the A...

EverythingForex

Short-term Bull Cypher may lead to long-term resumption of the major uptrend.

EverythingForex

LONG this pair in the near-term. Completion of the "C"point at current price levels sets up a nice AB=CD pattern 1:1 move as measured from the "AB" leg. Projecting the ending of the "CD" leg has it ending in a very nice tight PRZ between 123.240 (1:1 ending of the AB=CD pattern) to 124 (1.618 fib extension of the "AB" leg AND the MAJOR MONTHLY S/R level of...

EverythingForex

My LONG TERM projection for USDJPY is LONG to 132-135 levels. Time projection for this happening is within the 1st Q of 2015. HOWEVER, in the short term, I'm expecting prices to reach the 124 level where there is a confluence of factors that will cause prices to retrace back down (see my post on "Clear AB=CD Pattern ending at critical S/R 124-124.150 level"...

EverythingForex

There is a very clear AB=CD pattern emerging that could possibly end at the critical 124.000 - 124.130 level. In addition, there is another smaller ab=cd pattern within the larger AB=CD that looks to be working on it's ab leg that may establish it's b point within the next 1-2 days at/near the X point which is also the most recent swing high of the larger weekly...

EverythingForex

Recent pullback into the 38-50% Fib level recently off the last swing high at A gives a potential AB=CD pattern forming. Bearish momentum is intact as shown by the hanging man candle on the daily chart. AB leg projected down ends almost exactly at 1.618 extension of AB and also very near the 61.8 retracement of the entire down move on the monthly chart. Strong S/R...