Hey guys, welcome to my weekly update once again. This week I will talk about the pound. Pattern identification Bat pattern completes at 1.24. This a bullish bat pattern where the bias is to buy low around the XA 88.6 fib retracement. Execution Idea This is a type 2 execution, where the PRZ is tested the 2nd time round. With further weakness on the USD,...
Hey guys, I am also watching EURJPY next week. Pattern Identification Bat pattern completes around 119.60. Euro seems to be still strong and this pattern could bring EURJPY back higher. Execution Idea I will be setting an alert to watch the charts when price hits 119.60. There MUST be a reaction at this level before the bulls will come in to buy this. A...
Hey guys, this is a new pattern completion I spotted on USDCHF. I am expecting it to break 1.01, complete the butterfly pattern before reversing. EP: 1.01 SL: 1.0150 TP: 0.9870
This is a follow up to the GBPAUD idea published a few weeks back. We are approaching our entry level soon and I will be looking to go long once it reacts around 1.58. This is a bullish shark pattern and I am confident 1.58 will be the near term bottom for me to go long on it. Will keep you guys posted when it reaches my area of interest. Potentially a 1000 pips ride.
Hey guys, another follow up on EURUSD. There is NFP in a few more hours. Right now we see a potential bullish shark completing on EURUSD. The zone of interest is between 1.0580 - 1.0620. The reason for this big zone is because shark pattern has 3 different PRZs. 1. XA 88.6 2. XA 100 3. XA 113 The gameplan will be to go long if price rejects this zone after...
Hey guys, so my analysis to short USDJPY yesterday did not work out. Price broke through support. However, another pattern formation has just completed. Pattern identification I see a bullish butterfly completing at 111.60 I have gone long around 111.80 with SL at 111.20 Will aim for 114 as initial targets. Still bullish on USD this week. Good luck and...
Observation EURNZD followed my analysis perfectly, breaking out and retracing down. It is almost at my entry zone now which is at 1.4710. Execution Initiate long at 1.4710 with stop loss at 1.4650 TP will be at 1.5 Easily a 1:5 R:R trade/ Do not risk more than 2% on all your trade setups, I will not be in any way liable for your losses. Thanks you for...
Hey guys, if you have been following my analysis, there is a trend you will see. 1. I always follow up on my analysis 2. It is systematic with a proven trading system which is Harmonics + Price Action Observation 1. NFP failed to push AUDUSD to my short target around 0.7750. 2. It created a nice double top which also has a bearish divergence in RSI Pattern...
Hey guys, the market has just opened, and here I am sharing 3 ideas I have in trading for this week. Look at the H1 USDJPY chart. My few observations 1. It is around the low of last week 2. Divergence in RSI Pattern identification 1. Bearish Bat completes at 115 2. Bearish AB=CD also completes at 115 Execution I will go short on USDJPY if it comes back up...
Hey guys, this is also a follow up to my post about a week back where I predicted AUDUSD to go to 0.7750. I see alot of base forming on AUDUSD and it is likely signs that it is consolidating strength to push higher. Today it finally broke out and we are on our way to my eventual sell target for this big shark pattern. Remain bullish, do not try to short before...
Hey guys, this is an update to what I posted 9 days back. Price has retraced to the low of the ED channel, did a false breakdown and now it is on the way up. Right now, it is trying to break above this trendline in the 4hr chart. Once it clears this level, I am confident it will start going higher. Take note that this is a big timeframe trade, SL has to go...
Hey guys, I am back in the markets. Just wanna update you guys on some of the charts on my watchlist. First up is EURNZD, which finally completed a bullish shark pattern. 2 ways to trade this 1. Buy at retracement to value zone - 1.4650, set SL around 1.4580. Target 1.5. Hope to see a false breakdown of this zone, followed by a reversal then I will go...
Hey guys, google or Alphabet is gonna report their earnings next week. With the S&P at a critical resistance, and a bearish bat(blue) on the daily chart of google, I expect a less than stellar earnings report from them. If you decide to go short, do it before Jan 25th around current market price with your stop loss around 825. Hopefully, a bad earnings report...
This is my view on Gold. We had a nice relief rally from 1125, price is currently at a strong SNR zone around 1200. If price can get resisted here, I see it going towards 1050. If it breaks above this level, I see it going towards 1260-1280 where the trend-line resistance is the last line of obstacle for it to clear before it can fly any higher. I will say...
Hey guys, I see a nice shark completion on GBPAUD. Will be waiting for a reaction like a bullish candlestick reversal at 1.58 before I will go long on this. Early week, this is likely to head lower. Have set an alert on this and will look at this pair again once it reaches my desired entry zone. EP: 1.58 SL: 1.5450 (350) TP: 1.68 (1000) This is a daily chart...
Hey guys, this is my view on AUDUSD. It is likely that USD correction continues next week sending XXX/USD pairs higher. Based on harmonic patterns, I expect AUDUSD to continue moving up to 0.7750 to complete a bearish shark pattern. I will enter short on AUDUSD if price rejects the sell zone at 0.7750 in orange. 0.7750 is a great level to sell as it also...
Hey guys, this is how I am spending my Sunday, charting on tradingview to share my ideas. After last friday's price action, I am convinced that EURUSD is heading higher, perhaps towards 1.12 to complete the bearish shark pattern. Meanwhile, we can look for potential buys off the channel lows highlighted in blue. Targets will be the orange box which is our...
Hey guys, The US Dollar index (DXY)charts are telling me about further corrections on the USD. I expect USD to continue weakening to around 98 before resuming its uptrend. Expect US stocks to also correct together with this before we scoop them up at the low again. My prediction will be Trump's talk will lead to a temporary drop in the stock market but overall...