About meI am Certified Financial Technician(CFTe) from International Federation of Technical Analyst(IFTA).
Note: Charts published are not recommendations to buy/sell any specific instruments. Please do not trade based on my ideas. Trade at your own risk! You
GBPJYP is forming a Bullish Cypher which when completed can form Potentially another Bearish Cypher,, So one can take long position and ride till 0.786 retracement as shown and then take the short positions for targets to 0.618 retracements.. Lots of opportunity to trade if patterns work out as expected..
Dow is running weak with a rising wedge pattern. From 2008/ 09 lows inverted FIB 1.414 around 17400 would be a resistance. Considering this rally as a Wave B correction rally from 2008 Lows we can expect a big crash going to as low as 11300 on DOW. The short term correction would occur till 16300. Trade with Caution. Take partial profits on your portfolios. Good...
USDCHF to find resistance around 0.9000 with AB=CD Pattern Completion and FIB 1.414 confluence coming right at Structure Resistance.. It can correct till 0.89150 where it can make a potential Inverted Head & Shoulders Pattern.
EURUSD forming a descending triangle on weekly charts. The price has broken down its short term up trendline after testing the top trendline of the triangle. The idea is to go short and expect to retest the bottom of the triangle around 1.2100 as targets.
A potential cypher pattern forming on GBPJYP on 4hr chart.. Buy Limits can be placed near 78.6% Fib Retracement and Stops just below start of X leg with targets at 38.2% and 61.8% which is also resistance zone..