MikulovicFOREX

MikulovicFOREX

This chart shows that recent swing high is very weak. If you look at the previous swing its easy to note that price smashed right through the 161.8% and profit taking occurred around 200%. From here prices rallied higher up to the 361.8% extensions. Looking at the recent swing, it would be safe to assume the heavy limit orders to be sitting around 161.8%. The...

MikulovicFOREX

The Gartley pattern is far from perfect and we might even see a completion of a bat pattern instead... But still: AB = 88.6% CD. thats a good number. If its going to turn out as a bat pattern, the exact completion point would be at 1.94272.. Expecting this trade to be a huge winner, hopefully its going to be worth the shot. The potential risk-reward is...

MikulovicFOREX Updated 

First swing equals the length of the second swing. Second swing is close to 161.8% in time of the first wing. We also see a tweezer top on the weekly and possibly a double top formation. Good luck, God bless and happy trading.

MikulovicFOREX

With Brexit coming up this week, will this pattern go to its maximum potential?? time will tell 2190 points divided by 1329 = 165% (161.8%) Happy trading and God bless

MikulovicFOREX Updated 

Take a look at the related idea to see how the last trade went. All targets got hit on Gold: The trendlines are used to define an impulsive move, which shows a clear uptrend followed by a correction shown by the AB=CD pattern. AB=CD patterns, unlike other harmonic patterns, works as continuation patterns. AB, BC and ABC are used to calculate the cluster near a...

MikulovicFOREX Updated 

Heres a peak of the previous post: The support at 1.103 was not as strong as I expected, but still this just leads to another opportunity. Noticed some high impact news concerning the euro coming up on Monday by Germany. Im pretty sure the dip today is just another manoeuvre to add fuel to the liqduity pool. In this chart we are not looking at a defined harmonic...

MikulovicFOREX Updated 

Here we have another chart that appears to be forming a head and shoulder formation with a strong support level that absorbed the dip around 1.103 We could potentially see a another rally up from here, considering all these fibonacci ratios aligning together to create the cluster. Notice how the daily low missed the 78.6% retracements by a single tick. Crazy...

MikulovicFOREX Updated 

AB equals CD in both time and price. This is a strong signal. Profit targets: Projected BC swing at 1558 100% AD at 1564 162% AD at 1570 Stops just below 1553. Here is the big picture:

MikulovicFOREX Updated 

This chart appears to be forming a H&S pattern, but the bearish bias is not confirmed until the neckline has been breached. Until then I will be looking to long the Double Bottom pattern. Considering the 76% retracements there is high probability that price will rally up to complete the Butterfly. Trendline break from ''XB'' indicates bullish momentum. A break...

MikulovicFOREX

We have previously caught some decent swings on this pair! Make sure you check the related ideas below. We have a Double Bottom formation on the daily timeframe. The 113% expansion is crucial in a Harmonic Shark Pattern or the Harmonic 5-0 Pattern. Considering the 113% expansion, this set-up could potentially be leading to a bearish shark or bullish 5-0 pattern...

MikulovicFOREX

According to world recognized trader and author of several books, Larry Pesavento, if price closes below 162% XA expansions in the butterfly pattern , the trend is generally going to continue. A close below 262% XA confirms the continuation of the trend. The CD leg thrust is the first indication wether or not price is going to exceed the PRZ at 127% XA...

MikulovicFOREX Updated 

Looking at the PRZ for a potential trend reversal on this pair God bless & happy trading

MikulovicFOREX Updated 

Few more minutes left until the current 4h candle closes.. Price penetrated the trendline to the upside. If we happen to see price close above, the bullish bias is confirmed. Best of luck to all trading GBPJPY

MikulovicFOREX

AUDNZD broke its structure from the previous post (check the related ideas) We are looking at a clear downtrend which leads to the conclusion that another dip with an impulsive leg to the downside is more likely to occur then not. Price broke all of its previous structure while taking out the remaining support. Support should be turning into resistance and we can...

MikulovicFOREX

We are looking at the AUD VS JPY. Lets start with the geopolitical events occurring in Australia at the moment. The fire season has truly been a tragedy this year. With things coming to an end a lot of pessimism is expected to follow through, which will most likely cause the overall bearish sentiment to rise in the AUD economy. In this chart you see a failing...

MikulovicFOREX Updated 

Shorting UJ right here with a profit target at 107 or the fibonacci cluster at 200% BC projection and 89% ABC projections. Perfect symmetry on the two measured trendlines, they are 100% identical. Good time to update the charts. Best of luck to all trading USDJPY Dont forget to like the post and leave a comment with any idea regarding UJ. Make sure to check the...

MikulovicFOREX

This pair has really been messing with me lately. I was looking at another particular swing move in this instrument and for some reason I assumed price to be forming a double bottom pattern. Even though I did not receive confirmation by the break of the trendline I still managed to pull the trigger, way to early. I was just becoming overconfident about the trade....