Phil_Son

Phil_Son

CADCHF here had many different types of harmonic patterns, both bullish and bearish, some worked and some didn't. This is one of the many ways to analyze markets and seize opportunities.

Phil_Son

AUDCAD 4H here, if the market reaches to 0.9624, then there will a potential bearish bat pattern (purple) completing for a sell opportunity. Cypher pattern (yellow) C point hasn't been completed so it's still uncertain, but if it does, w/o closing/opening above the 1414 fib extension (rectangle), cypher will still be valid, & it's gonna be a potential bullish...

Phil_Son

GBPUSD is heavily bearish right now, lots of higher lows and lower lows. For a sell opportunity, there's a potential bearish Cypher pattern for all you pattern traders out there. Although market hasn't break above B point, if it does, then the Cypher pattern will be valid. This can also be used as a trend continuation trade.

Phil_Son

A quick look at the EURUSD and you can see some sort of consolidation between the 2 blue lines, which also means potential harmonic patterns. In this case, there's a potential bearish Bat pattern setting up for a sell. However, market has to break above close above the B point for the Bat pattern to be valid. If it does, the Bat pattern will be completing in the...

Phil_Son

On the 1H chart, the EURGBP is showing a completely different story. Here, the market is showing a bullish momentum. In this situation, if the EURGBP decides to drop just a bit, there's a potential bullish Cypher pattern for a buying opportunity. The Cypher can also be used as a trend continuation trade strategy. This is a good opportunity for day traders.

Phil_Son

Just like the bear Gartley on the higher time frame, there's a potential bearish Crab pattern setting up for completion at the same area as the Gartley, if market decides to go up higher. The bearish Crab pattern is also completing at the same area of previous structure looking left.

Phil_Son

The EURGBP looks like it's in a bearish momentum at the moment. Looking at previous structures, there are a lot of wicks, suggesting that the market has trouble breaking above. In the yellow circle, there's also the same scenario, where market is running out of bullish steam. So, if market can rally just a little higher, there will be a potential bearish Gartley...

Phil_Son

Even though the previous bullish Gartley got stopped out, there's a potential bullish Crab pattern waiting to be completed for another buying opportunity. With the RSI indicating a bullish divergence and the Crab pattern completing at previous structure looking left, this is a very nice opportunity.

Phil_Son

On the 1H chart, we have a potential bearish Crab pattern for a selling opportunity, which coincidentally completes at the same level as the bear Gartley on the higher time frame. Very nice confluence between these 2 patterns. Plus, RSI is indicating some bearish divergence.

Phil_Son

EURGBP seems to be in an indecisive consolidation now. That means it's time to scout for some patterns, which, in this case, we have 2. We have a potential bearish Gartley pattern and a potential bullish Butterfly pattern. If market reaches a bit higher, the bearish Garltey pattern will complete and there'll be a selling opportunity. However, if market decides to...

Phil_Son

There are 2 potential trading patterns at the moment. With the CADJPY being extremely oversold right now on the RSI, it would be a perfect opportunity to buy the potential bullish Gartley pattern, and if market decides to rally up, there's going to be a potential bearish Gartley pattern for a sell opportunity. Best case scenario would be that the bullish Gartley...

Phil_Son

On this pair, there are 2 potential patterns : a potential bullish Cypher pattern and a potential bearish Gartley pattern. Although the Cypher pattern has been completed, if it doesn't breach the X leg, it's still considered valid. And, if market rallies up high enough, there's going to be a potential bearish Gartley pattern getting ready to be completed and...

Phil_Son

AUDCAD 4H is in an uptrend at the moment, and if it ever decides to drop, there's a potential bullish bat pattern ready for a buying opportunity. Plus, RSI is showing some bullish divergence, and market currently broke below and closed below the B point of the Bat pattern. Just a bit lower for the D point to complete.

Phil_Son

For those who missed the double top, there's another chance to get involved in this pair. If the EURUSD rallies up, there will be a potential bearish 2618 setup for a more conservative approach. RSI is showing some oversold condition, which suggests a possible rally, but there's no guarantee though.

Phil_Son

Right now, the EURUSD isn't showing anything but down movement, so if market goes up a bit higher, there's going to be a potential bearish Gartley pattern waiting to be completed for a short opportunity. All the rules are met, even though there aren't any other hints, this is the only edge for harmonic pattern traders.

Phil_Son

In the 4H chart, the EURGBP has 2 trading opportunities : a potential bullish Bat pattern and a potential bearish 2618 trade setup. RSI is showing an oversold condition, so best case scenario will be buying the Bat pattern and then selling the 2618 trade. Pick your poison.

Phil_Son

The EURGBP is indicating a strong downtrend at the moment. If market keeps rallying just a little higher, there will a potential bearish gartley pattern setting up for a selling opportunity. Normally, harmonic patterns are used for counter trend trading, but in this case, it can be used as a trend continuation strategy. Plus, the Gartley pattern is completing at...

Phil_Son

AUDCAD 4H looks very bullish at the moment, with lots of lower highs AND higher high. That is a strong indication of an uptrend. If market decides to go down, we might have a potential bullish Cypher pattern getting ready to be completed for a buying opportunity. Normally, harmonic patterns are used for counter trend trades, but in this case, it can be used as a...