Nico.Muselle

Nico.Muselle

On Jan 26th EURUSD reached the lowest point for now since it's decline from 1.39s that started way back in the summer. Last weak this pair cought a little breather but now seems on it's way to test that level again. We have both a butterfly pattern and a bat pattern that complete in the same area. The Butterfly pattern around 1.1600 and the Bat pattern around...

Nico.Muselle

I've been eyeballing this big cypher pattern (in blue) on AUDNZD for a couple of days now, unable to find a reason to short the C-leg of it ... Till now ! A nice bearish Gartley (green) has formed which gives us the opportunity to ride at least some of that C-leg of the Cypher down and take some pips out of it. For the conservative trader : T1 - .382...

Nico.Muselle

This pair has been in a constant bullish trend for some time now. A cypher pattern is forming now on the 60 min chart with a trade in the direction of the pair. The potential reversal zone shows quite some Fib confluence, the only question is will the bears have enough strength to bring it down to this level. If they do, aggressive traders can go for a .618 and...

Nico.Muselle

After the SNB announcement the USD plunged against the Swiss Franc. Since that day it has been fluctuating in an ever smaller range (see the 240 chart), never exceeding the 0.88 range. This forms a flag pattern on the chart which usually results in a trend continuation (in this case to the downside) On the 60 min chart we can see a bat pattern completion which...

Nico.Muselle

This pair (as many other EUR pairs) has been very bearish. We are looking at a potential Cyper Pattern completion here around 1.4331 (a 1.618 extension of AB and 1.414 extension of BC can be found a little lower) where you can enter the trade for a continuation of the downtrend. C did not fully reach the 1.272 extension of XA but is within a couple of pips from...

Nico.Muselle

What we are looking at here is a potential Gartley pattern that would give the GBP a little relief rally in it's otherwise bearish trend. We have a Fibonacci confluence of the XA 886 retracement, the AB 1.272 extension and the BC 1.414 inverted extension at approximately the same level. The pattern should complete in the PRZ zone which extends down to X which is...

Nico.Muselle

We are at 50% retracement of the last major downward move 618 retracement of the last smaller downward move 1.272 extension of the previous upward move previous structure RSI is overbought Good time to short I guess :)

Nico.Muselle

Targets 0.382 and 0.618 of CD, stop loss under 1.0523 ! This is a countertrend trade, make sure it fits your trading plan.

Nico.Muselle

EURJPY offers an opportunity to hop onto the bearish trend in the form of a bearish cypher pattern completing at 141.23

Nico.Muselle

A Bullish Cypher is forming on NZDUSD, the chart says it all

Nico.Muselle

A beautiful bullish Gartley completed on USDCAD. We're looking for targets at the 0.382 and 0.618 retracements both at previous structure. Keeping a 20 pip stop below X, we're looking at a nice risk/reward ratio.

Nico.Muselle

A Gartley pattern is potentially setting up on the EURNZD 4h chart. If it completes around 1.5850 it will have reached a previous structure level (see the red dotted line) where support might now turn into resistance and price can bounce off and rally. The Fib extensions of AB and CB align perfectly with this level. 2 potential targets, 0.382 and 0.618...

Nico.Muselle

A Gartley pattern is potentially setting up on the EURNZD 4h chart. If it completes around 1.5850 it will have reached a previous structure level (see the red dotted line) where support might now turn into resistance and price can bounce off and rally. 2 potential targets, 0.382 and 0.618 retracements of the AD movement are at structure as well. I might have a...

Nico.Muselle

Considering the general downtrend of the EURJPY, I think this Butterfly pattern has good potential for completion, even if it's trading sideways for the last 12 hours ... The AX - 1.272 extension and the AB 2.0 extension align perfectly at previous structure giving us an opportunity to go long around 136.60.

Nico.Muselle

The USD still going very strong in all currency pairs and as long as buying Gold is not an alternative, I see this bearish trend continue. Based on structure and ratios, I see a potential AB=CD pattern in the making which would complete around the 0.786 retracement of the last impulse leg. It will however not be a straight run down the hill as we'll have to break...

Nico.Muselle

Keeping in mind that the ECB and Europe want a weaker EUR to increase export, chances are high that the downtrend has not come to an end yet. I've been drawing in some Fibonacci extensions and retracements in order to try and find out what is most likely to happen to the EURUSD if it breaks below the current level, and I have identified 3 price levels where we...

Nico.Muselle

It took two and an half weeks after my prediction, but now gold finally broke down the 1200 level, completing an AB=CD pattern, a gartley pattern and is flirting with previous structure levels now. No need to rush into a long position yet though, RSI is not oversold yet, and we have not reached the previous lowest close around 1188 and lowest low around 1178, so...

Nico.Muselle

It took 10 days to reach the predicted level but it's finally where I said it would go. Price failed to close below and will most probably go sideways between previous support level (now resistance) and current support around 1.2628. Don't rush into trading this pair yet, observe and once it closes above or below one of these levels you can decide.