ddreamz

ddreamz Updated 

Hey, A bat formation is setting up on this pair now. The B-C-D leg is weaker than the left one, and buyers are still strong. You can see the weakness of this last sell. 151.00 area never got broken after few attempts. It goes down and immediately comes back up. We have BOE meeting today. I will be watching for any downside spikes around our price reversal zone...

ddreamz Updated 

Hey, Just found another harmonic pattern which looks completed at the current level but the recent candles are way too strong. So, anything between 1.272 XA leg and 1.618 XA is a price reversal zone. Actually 1.618 is very close to the daily support as well. I will be watching this current area for bullish momentum with targets around the recent resistance. AUD...

ddreamz Updated 

This pair grabbed my attention tonight after this strong bearish candle. Thoughts on USD/CAD: Weekly - as our bigger time frame. It shows us bearish market with deep bullish pullback but with a lot of wicks and stuff, lately. This could still be a long but not now. Daily - Strong bearish market. The short-term bullish trend managed to breach resistance but it...

ddreamz Updated 

Good evening, Thoughts on GBP/JPY for the next week: This pair just confirmed a range on friday after being rejected for a second time from the top. It tried to go higher than the last time but unseccessfully. Strong candles appeared and the price stayed inside the current zone making no higher highs. I am anticipating another failure in order to get a better...

ddreamz Updated 

Hey, EUR/JPY is reaching the botm of the daily range. I've noticed a harmonic bat is on its way. The time taken for each leg's completion is equal. The price is approaching D leg's completion but it does not mean we should buy. We can't just press buy once it hits 88,6XA fibonacci retracement and then pray to God. We can't challenge this aggressive move with...

ddreamz Updated 

Hello, My thoughts on EUR/USD: From our bigger time frame we can see the price pulled back into our main buy zone. My timeframe (H4) - shows me HL and HH sequence which means we are in a trend mode. During this pull back our last seller was the blue dotted line ( horizontal ). The seller started from there, reached the big support and then buyers came in and...

ddreamz Updated 

Good afternoon, This is another pair I will be stalking for a short opportunity during the upcoming week. Thoughts on USD/JPY: Daily - Tried to breach the second support at 111.70 - went lower but came back inside which means we are still in a buy zone. H4 - pulled back into our recent resistance and huge bearish candle appeared, making many traders think this...

ddreamz Updated 

Good evening, Thoughts on EUR/JPY: Obviously, we have power on both sides of this range. When it just looks like it is about to breach, a strong candle appears to smack it back down. This movement started slowly with sharp retracement ( as you can see from the circles ) The recent move looks smooth but it got crushed by 3 candles exactly on the same way (from...

ddreamz Updated 

Good morning, This pair had really tough time approaching this daily resistance - pretty slow rally. On the H4 we can see no HH sequence recently - as we are getting closer and closer to this sell zone. As another type of resistance, we have a trend line touch on the same spot. I will be watching the current move for potential shorts.

ddreamz Updated 

Good evening, Just took this small trade. The price pulled back into daily resistance and showing selling pressure. No higher highs after the last mini breach. Each attempt gets rejected convincingly. AUD remains weak among the crosses.

ddreamz Updated 

Thoughts on EUR/JPY It's getting close to important areas: 1) Top of the range 2) Current small sell zone ( already in ) 3) Trendline from the highest point within the range ( this could be a potential triangle towards the botm ) 4) We've got a potential bat formation around 133.55 Any of those areas could be a price reversal zone. The current move looks pretty...

ddreamz Updated 

Good evening, Thoughts on EUR/GBP I will be looking for short opportunities next week again. From the bigger picture we've got a H4 resistance, where the price keeps being rejected. We have no higher highs and no lower lows after this spot which means we are in a range. From the miniature picture - it reached top of the range and then it was rejected deeply,...

ddreamz Updated 

Hello, We've got a decent long opportunity on this one. Buyers are showing some momentum. Failed attempts to breach 1.1050 - few times. You can trade it right away or wait a slight pullback in order to get better risk reward ratio. First target around the last sell breach. Decision point. Second target recent high. I will trade this only if it pulls back 1st...

ddreamz Updated 

Good morning, Thoughts on EUR/JPY: It looked like it was about to breach the range but then a strong bullish candle came up. However, breaching the range or not does not mean we are turning into sellers since we are in an overall buy zone. Now, second attempt fails to go lower and it fails at 100%. The current ATR is 0.30, hence you can aim for your target...

ddreamz Updated 

Good morning, My point of view. Thoughts on chart.

ddreamz Updated 

Good evening, EUR/CAD outlook: - The price just reached the top of this range - Successfully developing a channel with deep pullbacks - We have some exhaustion candles on the top but I am not taking this into consideration since the recent move is pretty strong. - The exhaustion candles reflect this reach - From the lower time frame ( 4 hour ) we can see the...

ddreamz Updated 

Good morning, I am looking to sell this pair again. It's reaching 2 TR resistance zones. We have no lower low after 149.70, so this is our last breached zone. Since then, GBP/JPY has been moving inside a range or inside a decending triangle ( No LL, but LH ). Target would be - around 148.00 Potential shorts from the underlined zones IF we see a decent signal. I...

ddreamz Updated 

Another setup on EUR/JPY: Bat pattern: 88,6 XA - completed 2.0 BC projection - completed 1.272AB - CD - completed - Zone - bottom of the big range Targets around recent breached area a.k.a 38,2% fibonacci retracement. The pattern looks completed, however I won't take this trade yet. I will wait to see some momentum of that before I go short-term long.