PavanKulkarni

PavanKulkarni

AUDUSD is portraying a classic Elliot Wave as the 'V' wave has had a very flat trend, a diagonal wave and failed to gain much height from the peak of motive 'III' which represents a classic scenario of Elliot Wave Cycle.... The dying 'V' wave represents an initiation of a corrective trend thus depicting a probable 5-3 cycle in which the leg 'B' is already at...

PavanKulkarni

GBPJPY is probably just a couple of days away from filling a bullish cypher pattern with a nice Risk To Reward Ratio..... Look to go long at 'D'....With stops below 'X' And Target 1 - At .382 Retracement of CD Target 2 - At .5 of CD.....

PavanKulkarni

EURGBP - With the previous Crab and Gartley hitting the targets on the short side, we can see a probable bullish gartley in the formation. The pairs are showing a delayed reaction to the harmonics but we could still expect them to hit the targets without hitting our stops. A 1:1 risk to reward ratio, it all depends the profiles whether to take the amount of risk...

PavanKulkarni

EURAUD has come a long way down. I guess we could see it tank a little more. The Bearish Gartley is showing up falling in line with the major trend with an amazing risk to reward ratio. Look to short at 'D' with stops above 'X'.... Target 1 at .382 retracement of 'CD' and Target 2 can be covered at 'C' or we could expect a serious move down.

PavanKulkarni

EURAUD has confirmed a bearish head and shoulders reversal pattern breaking the neckline on the hourly chart. A nice opportunity to go short... (Caution: Look for fakeouts) Lot of pips to everyone.....

PavanKulkarni

Note: The chart is EURUSD and not EURGBP. I was doing a technical analysis on EURGBP when I decided to post the chart. Sorry for the mistake. With the effect of all the fundamentals on the market probably wearing down slowly, having brought about major movements in the market, we can now see a probable bearish cypher forming. The pattern is a long way from...

PavanKulkarni

Looks like another bear, a lot of bears and yet bears are dying. Patterns are getting stopped out too often lately. The pattern gives a short signal when filled, again putting us with the trend. With stops above X.... Short at 'D' with.... Target 1 - At .386 retracement of CD.... Target 2 - Look to play with the trend. Note: Though the patterns have been...

PavanKulkarni

It seems EURGBP is determined to drop with all the bearish harmonics showing up on the chart. As previously posted, a bearish Gartley was filled along with the linked bearish Cypher and now, a bearish Crab. The overlapping of bearish patterns may suggest that the harmonics may turn out to be self fulfilling this time and also backing the major down trend. Look...

PavanKulkarni

After a quiet week, a Gartley showed up on the EURGBP, if filled gives a short signal. Looking at the major bearish trend, the pattern also points us in the direction of the trend (a trend continuation). With stops above X Target 1 - Falls on .382 of CD With stop moved to 'D' Target 2 - Look for trend continuation.. Great time to take this trade with minute risk...

PavanKulkarni

This is the most beautiful and perfect butterfly I have ever seen. The Fib Ratios of the pattern fill the criteria so perfectly with a really good risk to reward ratio, I am giving into my temptation of catching the butterfly.... Rules of Engagement..... Shorting at point 'D'..... With stops above 'D'... And Target 1 - At 38% reatracement of 'CD' which...

PavanKulkarni

It looks like a Bullish Gartley with a huge reward was in the making since last year... AB retracing nearly 65% of XA but none of the candles close below 61.8% (ROE Criteria) retracement.... With.... Target 1 - At 38.6% retracement of 'CD'... Stops below price levels 'X'... And... Target 2 - At 68.6% retracement of 'CD'... Stops move below 'D'...

PavanKulkarni

Bullish Bat is in the formation on GBPJPY (high risk to reward ratio) and the move up seems to be huge... Looking for long at point 'D' as the point lies on strong levels of support and resistance from the structure for over a decade..... Target 1 - At 50% retracement of CD leg, which lines up with point 'B'... Target 2 - At 61.8% retracement of CD leg.... Note:...

PavanKulkarni

A bullish crab is in the formation on EURUSD.... Looking for entry at 'D' (1.618 of XA leg), where, it can also be observed that the entry point rests on there previous structure.... T1 - At the level 'X'... T2 - At intermediate resistance i.e. Point 'B'... Note: The pair is at the 2014 lows and hence pattern may not react strongly and the price may rebound of...

PavanKulkarni

There is a bearish Bat Pattern that is coming up on the 4 Hrs chart.... And it looks like the best place to open a short at around 101.70 levels after the reversal confirmation with stops above 101.75 area.... And T1 - At intermediate support (50% retracement of CD) T2 - Can be trailed as a major trend reversal (a break to the downside on the pair) is...