Potential Bullish pattern on EUR/JPY off of 88.6% retracement of XA (see chart). Fibonacci profit target levels provided.
Other key levels calculated on chart. Also, just based on time, the pattern would complete around 9 p.m. Sunday, 04/03/2016.
A Bullish Butterfly pattern has formed on the Weekly chart of the GBP/JPY. Point D formed between the 1.272 and 1.618 extension of XA. Point D is @ 1.519XA. Pattern data is on chart as well as Fibonacci Retracement targets. Remember, this is Weekly chart, be patient. Manage you risk. Stop should be place BELOW piercing line pattern. Happy Trading!
A Bearish Engulfing candlestick pattern has formed on the Weekly EUR/USD chart. I just posted a Dark Cloud Cover candlestick pattern the other day. EUR/USD seems to want to trade sideways right now, after moving down after the FED raised rates. Happy Trading!! Happy Holidays!
A Dark Cloud Cover (Bearish) candlestick signal has formed on the EUR/USD Daily chart. Recommend staying short the EUR/USD unless price goes above signal high at 1.1043. Please manage your risk very carefully especially this week.
Happy Trading! Have a wonderful holiday season!
Short opportunity on GBP/JPY. Divergence between price and MACD. Price made a new high recently on 05/21/15, but MACD did not - This is Bearish. A Bearish Engulfing candlestick formed on 05/22/15 (probably because of the MACD Divergence). Nice ABCD Sell pattern. Not exact but we don't get exact too often in trading. : )
Other Yen crosses are showing some...
A Bearish Gartley pattern has formed on the EUR/USD WEEKLY chart. This is a longer term pattern, so we will need to be patient. Will re-analyze if price exceeds point X and consider a possible Bullish position. Happy Trading!
The EUR/USD has formed a Bearish Gartley on the 4-hr. chart. Also, there is a Bearish Engulfing candlestick pattern present. See chart for more information and pattern data. Happy Trading!
Note: Please remember to use good money management (risk management) when you are trading. There are whole books dedicated to risk management (position sizing...). Learn...
Bearish Gartley has formed on the Daily chart of the SPDR S&P 500 Trust (SPY). Warning of a Stock Market pullback.
See Chart for more information. This is in contrast to the Bullish Gartley we are seeing on the EUR/USD (and EUR/JPY) Daily charts.