Nico.Muselle

MOD
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About me Novice trader trying to get the best out of harmonic patterns and price structure analysis. Interest in trading started about mid 2014. You can find me often in the Forex chat where I share more ideas.
Joined Sofia, Bulgaria NMuselle www.myfxbook.com/members/nmuselle
My published indicators : https://www.tradingview.com/u/Nico.Muselle/#published-scripts ... Follow my EAs being tested http://www.myfxbook.com/members/nmuselle
Markets Allocation
98 % forex 2 % other
Top Mentioned Symbols
EURUSD 18% | 21 GBPUSD 11% | 13 USDCAD 9% | 11 GBPAUD 8% | 10
Nico.Muselle Nico.Muselle MOD GBPUSD, 60,
GBPUSD: Stop Loss hunting and the whipsaw effect explained
537 0 28
GBPUSD, 60
Stop Loss hunting and the whipsaw effect explained

Regularly we see price break out after a consolidation, only to suddenly reverse and break out to the other side. Then, we continue swiftly in the direction of the initial breakout creating a "whipsaw" effect. Why is that ? In simple words, it is the smart money that attracts retail traders by pushing in one direction (mainly breakout traders) and put their stop ...

Nico.Muselle Nico.Muselle MOD EURUSD, 240, Short ,
EURUSD: EURUSD to 1.08 and back down ?
1514 9 41
EURUSD, 240 Short
EURUSD to 1.08 and back down ?

Hi guys, it's been a very long time since I last published a chart. Sincere apologies for those who have been waiting for it. The reason I am publishing this one is because all stars are getting aligned for a short of EURUSD around 1.0800 AB=CD potential completion 1.0800 even handle Potential Bat Pattern completion 1.618 inversion of last move down 1.272 - ...

Nico.Muselle Nico.Muselle MOD AUDCAD, 240, Short ,
AUDCAD: AUDCAD - short at  historical structure
1553 17 27
AUDCAD, 240 Short
AUDCAD - short at historical structure

Trading is all about finding probabilities that give you an edge. A historical support/resistance level is such an edge. If you take a look on the daily chart you will see that the current level has been serving both as support and resistance for numerous times in the past. https://www.tradingview.com/x/8DbSRQI3/ Don't you think it's likely that we'll see a ...

Nico.Muselle Nico.Muselle MOD USDCAD, 240, Long ,
USDCAD: USDCAD - Some additional reasons for going long
1614 14 40
USDCAD, 240 Long
USDCAD - Some additional reasons for going long

This is basically an addition on my previous publication on this pair confirming the setup and adding additional reasons, building the case why we might see a reversal here. Previous published idea : https://www.tradingview.com/chart/USDCAD/Yu0RqVjQ-USDCAD-Almost-reached-targets-Preparing-for-reversal/ Agree with this idea ? Thanks for giving me the thumbs up ...

Nico.Muselle Nico.Muselle MOD EURNZD, 240, Long ,
EURNZD: EURNZD - Bullish Bat pattern in the making
690 3 16
EURNZD, 240 Long
EURNZD - Bullish Bat pattern in the making

Currently I am trading this pair to the downside, entering at the touch of the trend line with 2 targets : a re-test of 1.63 for target 1 and the bat pattern completion for target 2. SL is currently in profit so I can just let this trade ride down. When the bat pattern completes at the 0.886 retracement of XA, we see also confluence with the AB and CB 1.618 ...

Nico.Muselle Nico.Muselle MOD CADJPY, 240, Short ,
CADJPY: CADJPY - Bearish Bat + Fib confluence + Structure
1257 10 33
CADJPY, 240 Short
CADJPY - Bearish Bat + Fib confluence + Structure

Patterns galore it seems this weekend. Although this pattern is not at completion yet, we did already break above the B-point. We might see a retracement into that B-point level before rallying towards the completion of the pattern. Around the completion level, we have previous structure/support (red dotted line) which could now act as resistance and we also have ...

Nico.Muselle Nico.Muselle MOD AUDUSD, 240, Long ,
AUDUSD: AUDUSD - consolidation patterns : Bullish Bat @ structure
1371 13 34
AUDUSD, 240 Long
AUDUSD - consolidation patterns : Bullish Bat @ structure

This pair has been consolidating for pretty much the whole month of February, with a light tendency to break to the upside. Consolidation is a perfect area to look for harmonic (or should I say fibonacci) patterns and this is not an exception. We are offered a bullish bat pattern that would complete in an area that has been proven to be support and resistance a ...

Nico.Muselle Nico.Muselle MOD USDJPY, 240, Short ,
USDJPY: USDJPY - Textbook Bearish Cypher pattern at structure
3328 30 95
USDJPY, 240 Short
USDJPY - Textbook Bearish Cypher pattern at structure

An almost perfect pattern is very, very close to completion and it's a beauty, textbook cypher pattern. Why ? AB leg retraces to 0.382 of XA-leg BC falls perfectly in between 1.272 and 1.414 CD completion at 0.786 has perfect Fibonacci confluence (see chart) On top of that we have a previous support level that has already proven resistance in the past just ...

Nico.Muselle Nico.Muselle MOD EURGBP, D, Short ,
EURGBP: EURGBP - Giant bearish bat pattern completed
908 13 24
EURGBP, D Short
EURGBP - Giant bearish bat pattern completed

Personally I do not trade this because the pip distance for the stop loss is beyond my acceptable level but I think nevertheless that this is an excellent opportunity for those longer term traders among us. I myself might look to get on board of this short using another strategy, based on a potential double top or other structure/pattern on a lower time frame. ...

Nico.Muselle Nico.Muselle MOD USDCAD, 240, Long ,
USDCAD: USDCAD - Almost reached targets - Preparing for reversal
1765 16 51
USDCAD, 240 Long
USDCAD - Almost reached targets - Preparing for reversal

USDCAD is really becoming my favorite pair ! When you look at my previous idea for this pair in which I predicted the drop to the 1.34 area, you can see that 75% of the drop has already been reached and in my opinion there is not much that can keep it from dropping further to the predicted level. Around 1.34 we have a previous resistance level which should now ...

Nico.Muselle Nico.Muselle MOD EURNZD, 240, Long ,
EURNZD: EURNZD - Bullish Gartley pattern at previous structure
1504 23 33
EURNZD, 240 Long
EURNZD - Bullish Gartley pattern at previous structure

A bullish bat pattern is about to complete in this consolidating price action. Completion aligns with previous structure and the 88.6% retracement of the anchor leg. A potential AB=CD pattern also would complete in the same area Traditional targets : 38.2% for a > 3:1 RR 61.8% for a > 5:1 RR Also take a look at my USDCAD short idea (see link below) Thanks for ...

Nico.Muselle Nico.Muselle MOD USDCAD, 240, Short ,
USDCAD: USDCAD - Get on board for this short (TCT)
2022 21 61
USDCAD, 240 Short
USDCAD - Get on board for this short (TCT)

After a rather successful trade to the downside on this pair (see link below), price has now retraced to what used to be a support level. I estimate the likelihood of this support becoming resistance now quite high and see it as an opportunity to go short again as a trend continuation trade (TCT). The risk/reward ratio is exceptionally good. Cautious trades are ...

Nico.Muselle Nico.Muselle MOD EURUSD, 60, Long ,
EURUSD: EURUSD - simple trend continuation long
2344 6 48
EURUSD, 60 Long
EURUSD - simple trend continuation long

This EURUSD pair has been putting in a series of Higher Highs and Higher Lows, indicating that the trend on the hourly time frame is in an upward direction. This is also confirmed by drawing the trend line. Furthermore, price bounce off a previous resistance level which should now become support. The pair is moving quite harmonically recently, breaking the ...

Nico.Muselle Nico.Muselle MOD EURJPY, 60, Long ,
EURJPY: EURJPY - potential bullish bat pattern completion at structure
800 0 16
EURJPY, 60 Long
EURJPY - potential bullish bat pattern completion at structure

We have a potential bullish bat pattern completion on EURJPY at the previous structure where we might see a nice bounce. Targets seems very reasonable with Target 1 at the B-point of the bat pattern and TP2 at the structure level of the C point. Check your trading plan for entry rules ! Like what you see ? Click that like button, follow if you want to be kept ...

Nico.Muselle Nico.Muselle MOD AUDJPY, 240, Short ,
AUDJPY: AUDJPY - Trend Continuation opportunity @ previous structure
1174 2 28
AUDJPY, 240 Short
AUDJPY - Trend Continuation opportunity @ previous structure

The overall trend of this pair is very bearish. We recently have put in a high put did not violate previous structure. Last Friday we broke the structure around 84.0 and are now retracing back into it, a nice opportunity to join the trend. Stops above 85.25 should be sufficient, and the downside potential is pretty big. When looking just for a retracement into ...

Nico.Muselle Nico.Muselle MOD USDCAD, 240, Short ,
USDCAD: USDCAD - a shift in trend ?
2591 29 77
USDCAD, 240 Short
USDCAD - a shift in trend ?

This pair has been very bullish for over a year now if you look at the daily chart. What I am looking for here is a small relief from the recent uptrend, supported by the OIL price rising again. As you all probably know, the CAD is heavily influenced by the price of OIL. On the 4h chart, I am looking for a little rally into previous structure from where we could ...

Nico.Muselle Nico.Muselle MOD AUDUSD, 240, Short ,
AUDUSD: AUDUSD - short with GAP serving as resistance
3411 36 79
AUDUSD, 240 Short
AUDUSD - short with GAP serving as resistance

After the nice winner on a long on this pair, I'm now trading a short on the 3 drives pattern that was established and with the weekend gap serving as resistance on the upside. I am looking for a retracement into previous highs as a primary target and the 61.8 fibonacci retracement as a secondary target. The stop loss is defined by a 1:1 R:R for the primary ...

Nico.Muselle Nico.Muselle MOD AUDUSD, 240, Long ,
AUDUSD: AUDUSD - Trading the GAP - 3-drives harmonic move.
1771 25 39
AUDUSD, 240 Long
AUDUSD - Trading the GAP - 3-drives harmonic move.

Reasons for entry : - Bullish Gartley completion - previous structure/support - potential 3-drives harmonic move - fibonacci cluster around week open - Higher High, Higher Low indicating an uptrend on this time frame - excellent RR > 6:1 The week on AUDUSD opened with a gap which is not visible on the TradingView charts. We already put in an AB=CD move which ...

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