A potential buy opportunity on EURUSD as it continues to rally...tik-tak-tik-tak
This gartley bear has surfaced amidst a bearish trend on USDCHF, there might be a buy opportunity but overall, we have a potential sell at D which is a retest of previous turncoat support.
Butterfly Bear with Buy and Sell opportunities.
Two butterfly patterns on GBPNZD - make your choice which way you wanna trade. Remember, my patterns often deliver well on C entries. Its also important to take note of the support and resistance levels because price action tends to react to them more often than not.
I gat nothing on fundamentals for this pair, so am just gonna follow the harmonic patterns and follow news events. Here is how the pervious analysis worked out: Cheers!
The CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry...
Am scaling my short entries on this butterfly for next week. A very tiny bet on entry 1 then wait to see what happens in the course of the week. Once bearish momentum is confirmed as per the harmonic pattern, then I may consider shorting a standard lot at C. AUDUSD is bullish on the monthly outlook. It enjoys a double dose of bullish momentum. The first part is...
AUDNZD presents yet another opportunity for short trades. Our previous setup delivered on both TP1 and TP2 of the short entries. Now here we are again. Whats it gonna be? In price action, we see a clear down trend on H1, H4 and Daily charts. We also have a head and shoulder formation on the Daily, which appears at what appears to be the end of the uptrend, which...
Currently seating at an important resistance zone, CADJPY offers a potential sell opportunity and later a potential buy. Say welcome to 2018 :)
Two harmonics with two opportunities. Happy New Year! Fundamentals to watch: -Australian Consumer Inflation Expectations -Australian Employment Report -Chinese Industrial Production -Chinese Retail Sales -Chinese Fixed Assets ex Rural -Swiss Producer Import Prices -Swiss National Bank Sight Deposit Interest Rate
Two harmonic patterns formed on EURCHF presenting two potential opportunities to sell and buy. The year has just started markets can do whatever they want but am just gonna stick with my patterns :). This year i just need modest 65% win rate and i will buy my condo in Singapore :) Happy New Year to ya'll!
A simple gartley pattern. Nothing else!
Butterflies did not disappoint in 2017, whats it gonna be in 2018? Its game on! Good Lucky if you indulge.
Am looking at an entry at the daily resistance level on this gartley.
USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. This Gartley also seats in the midst of a Head and Shoulder pattern signaling a potential move to the down side, which is why i am sentimentally bearish. Take a look at what happened on my previous...
EURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include:...
EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long,...
USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. My previous setup delivered on both TP1 and TP2 as seen here: Fundamentals to look out for are as follows: USD: US Empire Manufacturing Index, US Industrial Production and Manufacturing Production JPY:...