Snehath

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About me Snehath is a trainer and author at Harmonicforex.com. His trading strategy is based purely on harmonics and can trade any timeframe based on this methodology. Attributes his trading to the Great Scott Carney who personally mentored him.
Joined Singapore snehath
Manage your risk first, else even the best trading method in the world will not make you a good trader
Markets Allocation
100 % forex
Top Mentioned Symbols
EURCHF 10% | 16 AUDUSD 9% | 14 AUDNZD 6% | 10 AUDJPY 4% | 7
Snehath Snehath EURUSD, 60, Long ,
EURUSD: Bat pattern to long EURUSD
135 0 5
EURUSD, 60 Long
Bat pattern to long EURUSD

EURUSD is setting up a nice bat pattern on the H1 timeframe. The pair has shown divergence in the H1 timeframe and we can expect a reversal here. Stops must be below Point X.

Snehath Snehath AUDCHF, 240,
AUDCHF: Bulls running out of steam on AUDCHF
100 0 0
AUDCHF, 240
Bulls running out of steam on AUDCHF

The trade I am putting out isn't a harmonic pattern but it is something that I have been working on the past few months. I see a double top forming on H4 on AUDCHF. The double top is across two weeks and there is massive RSI divergence happening now. The candle close in 30 minutes will confirm this trade but I am already in at 0.7577. Stops is just 35 ...

Snehath Snehath AUDUSD, 15, Short ,
AUDUSD: AUDUSD Short NOW at 0.7300 with a bearish deep crab
236 0 5
AUDUSD, 15 Short
AUDUSD Short NOW at 0.7300 with a bearish deep crab

Happy New Year everyone. This is my first trade for 2017. I see 0.7300 as a strong resistance and this is further confirmed by a deep crab pattern setting up. The trade is now triggered. My entries are shown below. I will target the 0.7150 level for the final ticket. Ticket 1: Direction: sell Entry price: 0.73 Stop loss: 0.7335 (35 pips) Target: 0.7260 (35 ...

Snehath Snehath CADJPY, 60, Long ,
CADJPY: Buying CADJPY at the strong 87.40 support
139 0 7
CADJPY, 60 Long
Buying CADJPY at the strong 87.40 support

CADJPY has been on an uptrend and showed a strong correction over the past few days. It just hit a strong support while creating a small M30 bat pattern. I will wait for a M15 divergence to take a long position on this pair.

Snehath Snehath AUDNZD, 240, Short ,
AUDNZD: How an equidistant channel will make AUDNZD drop again
97 0 6
AUDNZD, 240 Short
How an equidistant channel will make AUDNZD drop again

AUDNZD created a double bottom around 1.0375. The trend looks like it is changing, but I am expecting a reaction around 1.0515. The channel is really a good indicator and there is also a shark pattern to short this. Will wait for a trigger to get into this trade. Targeting around 90 pips on this trade.

Snehath Snehath EURUSD, 30, Short ,
EURUSD: Do want to catch the BEARS on EURUSD? Short the bat soon!
374 1 6
EURUSD, 30 Short
Do want to catch the BEARS on EURUSD? Short the bat soon!

EURUSD took a turn for bear land last week. Clearly Draghi said something that upset the bulls (I think it was about QE again) so the bears are in full control. Here is why I would like to short. 1) The trend is down 2) There is a nice bat pattern 3) Nice structure at 1.0630 I will wait for a reaction on M15 to short this pair.

Snehath Snehath AUDCAD, 30, Long ,
AUDCAD: The demise of the CAD begins now - a chance to long AUDCAD
175 0 4
AUDCAD, 30 Long
The demise of the CAD begins now - a chance to long AUDCAD

The CAD has been quite strong last week mainly and now we have a chance of seeing this reverse. The last drop was almost 500 pips and there is a chance to ride this up. 1) I see a Gartley pattern that has already triggered. 2) There is a m15 crab pattern at the last weekly low. I will look to go long around 0.9855 with about a 50 pip SL.

Snehath Snehath AUDUSD, 60, Short ,
AUDUSD: Can AUDUSD go above 0.75? Maybe not and here is why
254 1 9
AUDUSD, 60 Short
Can AUDUSD go above 0.75? Maybe not and here is why

I have been bearish on the AUDUSD for a while and next week I hope to capitalize on this weakness. What is going for this trade is the fact that there is a strong double top from last week at 0.75. There is also a bat pattern forming for a short around 0.7485. Will wait for a trigger to short this guy. Will aim for the low of 0.7320.

Snehath Snehath GBPUSD, 240, Short ,
GBPUSD: Will GBPUSD start moving downwards from the November high?
198 0 7
GBPUSD, 240 Short
Will GBPUSD start moving downwards from the November high?

The GBP is moving full steam to November high. There is a bat pattern that has been created but I am not convinced this trade is valid at the moment. What I would like to see is a smaller pattern to short will happen next week to short GBPUSD. This is shown in green. If the November high is broken then the 1.2575 level will become a strong support. Keep a sharp ...

Snehath Snehath EURCHF, 60, Short ,
EURCHF: Why you should short EURCHF at 1.08
147 2 1
EURCHF, 60 Short
Why you should short EURCHF at 1.08

The EURCHF found very good support at the 1.07 and has moved up 100 pips. It has now come to a level where the bears may come back into the picture. Here are the reasons to short: 1) 1.0800- 1.0810 has a good monthly resistance. 2) 1.08 is a round number. 3) There are not one but two patterns to short here. I will wait for a trigger on the patterns to short this ...

Snehath Snehath NZDUSD, 30, Long ,
NZDUSD: NZDUSD Bat pattern long opportunity at last week's low
179 9 6
NZDUSD, 30 Long
NZDUSD Bat pattern long opportunity at last week's low

I know you must be thinking that it is not a good idea to go against the USD. I kind of agree but there is a very nice pattern setting up. I see M30 divergence and overall the H4 is showing sellers weakness. This maybe a slow trade as it is thanksgiving in the US but let's see how this pans out.

Snehath Snehath AUDCHF, 30, Short ,
AUDCHF: AUDCHF bat pattern setting up at 0.75
101 0 3
AUDCHF, 30 Short
AUDCHF bat pattern setting up at 0.75

The AUD has been bearish for a few weeks and has shown some strength in the last few days. I plan to stick with the trend and short this pair at the completion of the bat pattern. Two strong levels of resistance should keep this from breaking above 0.75

Snehath Snehath EURUSD, 30, Short ,
EURUSD: A chance to re-enter the EURUSD bear party
225 0 2
EURUSD, 30 Short
A chance to re-enter the EURUSD bear party

EURUSD has been severely depressed with no respite since the Nov 8th elections. I see a small M15 bat pattern coming up to short this pair. If this level is hit with the RSI indicator I will sell this pair with a tight 30 pip SL>

Snehath Snehath USDCAD, 60, Long ,
USDCAD: A reason to long USDCAD now
201 0 4
USDCAD, 60 Long
A reason to long USDCAD now

The USDCAD has been in a clear uptrend defining new highs. I am attempting to stick with the trend and go long and found a slightly warped Gartley pattern to take this trade. 1) The H4 and D1 trend is up 2) There is the H4 MA supporting this trade 3) There is market structure to support this trade around the 1.3420-1.3440. Stops around 45 pips.

Snehath Snehath AUDUSD, 60, Short ,
AUDUSD: Can AUDUSD Trump the 0.7750 level?
176 0 3
AUDUSD, 60 Short
Can AUDUSD Trump the 0.7750 level?

It has been a good 2 weeks since I last posted an idea. Had to travel to the US for business (not to meet the presidential candidates!) and didn't want to trade during the election week which was a good idea. Now that the dust has settled, I am hoping to catch a big move on AUDUSD. I see a bat pattern coming at the 0.7750 level on the H1. There is such a strong ...

Snehath Snehath AUDJPY, 60, Long ,
AUDJPY: Trend continuation long on AUDJPY
129 0 1
AUDJPY, 60 Long
Trend continuation long on AUDJPY

AUDJPY is on an uptrend. It has now retraced and ready to put in a small bat pattern on the M15 chart. I like this trade because: 1) Uptrend 2) Trendline support I will wait for a confirmation candle to enter.

Snehath Snehath EURCHF, 240, Long ,
EURCHF: A chance to long the slow poke EURCHF for 150 pips
240 0 6
EURCHF, 240 Long
A chance to long the slow poke EURCHF for 150 pips

EURCHF is a pair that is a slow mover and maybe moves 100 pips a week. (As compared to 100 pips a day for most pairs). However it doesn't mean you cannot trade this pair. The pair fluctuates between 1.0800 to 1.10 and it is now approaching the critical support. Here is why I would look to go long next week. 1. Bat pattern completing 2. Trendline support 3. ...

Snehath Snehath EURAUD, 240, Long ,
EURAUD: 1.46 is the magic number for EURAUD
240 0 3
EURAUD, 240 Long
1.46 is the magic number for EURAUD

EURAUD has been falling in September but it seems like there is a bottom out happening. Here are the reasons this bat pattern may work out. 1) There is a daily inverted head and shoulder forming. 2) There is a trendline support 3) A H4 bat pattern is forming 4) Round number of 1.46 as well. I will keep an eye on the bat pattern for a confirmation to go long.

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