Trendhopper

Trendhopper Updated 

Im watching USDCAD, Oil and DXY closely.... In all 3 we have advanced patterns near completion.. In USDCAD we have this bearish butterfly completion at 1.335..I will short here, price action is showing this could happen very soon with 2 impulse rallies (see blue lines)...ABCD patterns In oil we have a bullish Gartley completion at 41.30, currently oil is close...

Trendhopper Updated 

Long term completion of a Butterfly pattern at 58-59 is still a possibility ...A breakout above the blue line will see oil targeting the previous high of 49 and possibly beyond...there looks to be the possibility of a right shoulder forming in an Inverted Head and shoulder pattern, a green candle on monday will confirm the right shoulder or we may have a doji...

Trendhopper

I will enter a long position at 1.295 as I can see a bounce is likely to the top of this channel....only a small amount as its against trend...the better trades are the shorts on the chart with better risk/reward ratios...if it doesn't reach my 1.295 target I won't trade it.

Trendhopper Updated 

EURUSD is evenly contested with no clear master...I am looking at the 0.786 retracement to short @ 1.28 which will complete a Gartley pattern which will put the dollar in control....there is a potential Gartley on DXY index @ 96.8 (see my DXY post) which I also have my eye on...I see this as the highest the dollar will go so I would close this Gartley short when...

Trendhopper Updated 

Waiting for this 4 month rally to falter.......big short coming....

Trendhopper Updated 

Price needs to break under 43.00 and then we should get there quite quickly... Entry 41.30 TP 43.20 I will enter two positions one to take profit at around 43.00/43.20 and the other to run.....

Trendhopper Updated 

I use DXY (DOLLAR INDEX) as the key for all my USD trades (it produces nice patterns!!).......I expect to see weakness in coming hours in USD as the neckline is broken so good for GOLD and EURUSD...however it should pullback at point D...this is where I would close my EURUSD longs and GOLD LONGS..I may short EURUSD and GOLD at point D.....I would look to buy...

Trendhopper Updated 

Price has broken the .618 retracement...next stop is the .786 retracement and completion of this bullish cypher pattern... I will BUY AT 1.69553...should form the right shoulder of inverted head and shoulder pattern..... right shoulder lower than left...still bearish long term... TP 1.1713 TP 2 1.726

Trendhopper

COMPLETION OF BAT PATTERN SUPPORT TRENDLINE HUGE UPSIDE POTENTIAL TP 1 1.30 Let rest of position run....

Trendhopper

Im watching Gold to see if it sets a new low, which is likely to be 1297 support....if it closes on daily chart at this level it will break the bullish support trendilne (1315 area) ...then is likely to bounce back up to the trendilne which is where I will short....

Trendhopper

Call the bottom at 1.73....buy at point D......of this bullish butterfly...

Trendhopper Updated 

Potential bearish Butterfly in DXY channel.... I'm not sure it will get this high but if it does, we know what to do!! BUY EURUSD & GOLD, SHORT USD in other pairings.... Interstingly on the EURUSD there is a bullish Gartley at 1.117 which should happen at exactly the same time..

Trendhopper

Which is bullish EUR or USD ?????? Some of the top traders on this site are bullish on USD and shorting EURUSD, I've had a go at shorting EURUSD but it keeps going sideways and is in an assymettrical triangle, so I won't be trading it now until it breaks out. But the chart tells us which direction it should break to, and its with the euro, the chart has been...

Trendhopper Updated 

Im watching DXY to short EURUSD as they run in opposite directions......DXY is easier to predict as its in a bull flag. Im waiting for it to break to the upside..I think it may want to test the .23% fib at 95.38 and the support trendline before breaking to the upsode....SO I expect to find EURUSD in a high location when DXY hits 95.38 and I will short EURUSD and...

Trendhopper

Short at point D ...1.3555. (1.618 extension)....other shorts in this sequence on blue line testing previous high and at 1.272 extension...

Trendhopper

Long @ 1.32228 (38.2% fib and retest of trendline)

Trendhopper Updated 

Oil moves on news specifically the weekly oil inventory figures.....so If price is 45.87 or thereabouts on WEDS PM 14th September ....then buy the oil inventory data release to complete this butterfly pattern.....to a target of 50.50...... There is a bigger potential butterfly sequence that this is part of which would take price to 59 area.....see my other post...

Trendhopper

Even us die hard bulls were questioning the validity of this elliotwave 5 wave sequence earlier in the week which gives USoil a potential butterfly pattern to 59 dollars , but now it has shown its true colours. I will be looking at 48.30 as its key resistance for a short...and a potential retest of the 46.60 support....before it takes off again...