Based on the Shark pattern, it is likely that GBPUSD will rebound upwards if it retests 1.3070. Will be using a 50 pip SL to aim for a profit target of 160 pips. Entry is only confirmed when price action stabilized and rebound around 1.3070 with RSI hitting oversold and reversing back above 30.
We missed the bat long at $1.29. Now we are watching for a potential bearish shark completion to short at $1.31. For shark pattern, when the 1618 extension of BC exceeds the 886 retracement of XA, we execute at point X which is $1.31.
Based on the gartley pattern, I see a potential buy setup coming in at 1.0957. Will monitor price action and RSI at that level before executing my trade.
There is a bullish shark completion for NZDUSD near 0.6925. Will look to enter if RSI is overbought at that level.
USDCHF completed a bearish Shark patter. Will be using a pending order to go short on this patter. EP: 0.98 SL: 0.983 TP1: 0.9750 TP2: 0.9700
Have been monitoring crude oil. I see a shark pattern completing at $50. Will monitor RSI for overbought condition before executing short at $50. Let's monitor this together.
I like this AB=CD move on the kiwi. It coincides with the 618 retracement of the big drop due to brexit. Will wait for RSI to hit overbought, leave the zone before entry.
I am still bearish on the Pound. Even if this will rebound off the brexit news, it should come down for another retest before the big bounce up. Will monitor 1.3462 area for reasons to go short. RSI oversold bought is a must on the m15 timeframe.
Late last week, I see a false breakdown on EURUSD. The immediate rejection of the breakdown tells me that EURUSD is likely going higher. I am able to plot a shark pattern which completes around 1.14. This will be my game plan to short EURUSD next week. Will monitor for weakness around 1.14 before executing my shorts.
Hey guys, sorry was on a holiday for a week. Today finally got back to trading. EURJPY I am expecting a move up on a C-D leg of a shark pattern. I expect to ride this move up first before shorting EURJPY around 121.35.
I see a bullish butterfly completing at $0.7526. Around that level, there is also an AB-CD pattern completion. EP: 0.7526 SL: 0.7470 (56 pips) TP: 0.8090 (464 pips)
I see a bullish bat completion on GBPCHF. RSI is already oversold, which improves the case for a long. I am also expecting this pair to correlate with USDCHF, moving north first before falling. EP: 1.4350 SL: 1.4280 (70) TP1 : 1.45 (150) TP2 : 1.46 (250)
I will likely go short on NZDUSD around $0.6820. EP: $0.6820 SL: $0.6860 (40) TP: $0.67 (120)
The Pound has been one of the most volatile currency pair for the year 2016. Amidst this erratic movement, I still manage to see it respecting Harmonic movements. Will be looking to short GBPUSD on a bearish shark completion around 1.4723. Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Was browsing for trades to do and found this nice deep gartley completion on NZDJPY. ABCD completes around the same level. Put up a queue to go short on this pair. EP: 74.45 SL: 74.75 TP: 73.90
I see a bearish shark completing on GBPJPY H1. There is also an RSI bamm setup. EP: 162.6 SL: 163.2 (60 pips) TP: 160.2 (240 pips)
Hey guys, we banked in over 250 pips earlier on EURJPY off a Shark. Right now, we are watching for a Deep Gartley to reenter long. EP: 121.90 SL: 120.90 TP: 127
Hey guys, I am looking to long AUDUSD around last week's low on a bullish shark pattern. Have put in my orders as follows. EP:0.7180 SL: 0.7130 TP: 0.7360 Good luck and good trading!