Similar to EURJPY, OANDA:USDJPY is testing major weekly and monthly support. If respected we can expect a major move upwards. However, this is a stronger and tighter support zone. RSI and Stochastic are signaling upward moves as well. T/P Zones will be updated shortly. We are risking a little over 4% total on this pair as a whole 1:2 risk-to-reward ratio.
OANDA:GBPCHF is nearing the monthly low as support. The 1H timeframe shows that the last low was not broken and the potential of a move upward is still high as the reversal signal of a hammer was formed. However, we are risking $4,200 on this one with a 2:1 risk-to-reward ratio. Goal: Long to the formation of the Bat Pattern then short in the resistance...
OANDA:EURJPY We are looking at the EURJPY 4H chart at the set up for a possible Gartly pattern. Reversal candles at the 118 level are signaling a bullish run. If the run hits the 120 level the Gartly will be completed which is a high probability of the falling. Trade at the close for confirmation. Trading both movements at the confirmation, with the adjusted...
Price action has completed an ab=cd pattern, at a strong support zone on the 4 hr chart for this pair. The completion of the ab=cd pattern is a bullish signal therefore it validates our long strategy with our take profits set on the green zones. FX:GBPCHF
We are predicting the Harmonic Butterfly Pattern to complete as shown on the 1 hr chart, therefore our strategy is to trade the 4th leg of the pattern. FX:GBPCAD
We see the formation of and are predicting the completion of a Gartely pattern @ 1.62100 as seen on the weekly chart. In the case the price action breaks below 1.62100 it will fall to 1.6000 to complete the Gartley. Therefore our strategy is the hedge the position if we see a bearish candle close below 1.62100 on the 4 hr chart then we will hedge position to 1.6000.
Price action has completed a Gartley pattern at a major daily resistance zone for this pair. The completion of this pattern is in line with our long strategy therefore we have set our take profits on the green zones. OANDA:GBPAUD
Price action is at a crucial point reaching a major daily support zone (red zone). Here we are looking for a reversal, therefore we are long and we will post updates with targets. GBPAUD
Price action is at a crucial point reaching a major daily support zone (red zone). Here we are looking for a reversal in price action, therefore we are long with take profits set on the green zones. FX:EURCAD
Gold is at a crucial point with price action reaching a major weekly resistance. Here we are looking for a pullback in price action, therefore we are short with take profits set on the green zones. OANDA:XAUUSD
This pair recently fell from a major resistance zone and price action has also recently broken below a major trend line trend line (yellow). This trend line has become a resistance zone as well. We also see the formation of a harmonic Bat Pattern and we predict it will be completed. These are all bearish technicals and our strategy is to trade the 4th leg of the...
We see the completion of a harmonic bat pattern on the daily chart at a major support zone. We are expecting a bounce off a the support zone which signaled us to take a long position. FX:GBPCHF
We are currently trading the 4th leg of possible bat that is forming on the 1 hr chart for GOLD. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to break below the yellow trend line confirming the prediction. OANDA:XAUUSD
We are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the Harmonic Bat Pattern will be completed and we are looking break above the yellow trend line confirming the prediction. FX:AUDJPY
We are currently trading the 4th leg of the Gartley pattern that is forming on the 1 hr chart. We are predicting the Harmonic pattern will be completed on the condition that the blue resistance zone is not broken. OANDA:XAUUSD
This pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We...
This pair is currently trading at a major support zone as seen on the monthly chart (yellow zone) and is forming a Harmonic Bat Pattern. This is a long term pattern but we are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:NZDUSD