mjchase

mjchase

Here we can see a potential continuation of the bullish trend on CHFJPY . The Gartley provides us with an opportunity to enter the trade on a 78.6% retracement of the recent bullish Move. This Gartley also possesses a distinct 127.2% BC projection Which lines up close to the 78.6% XA retracement. These measurements have both been broken in a single bearish...

mjchase

We can see the makings of a bullish Bat pattern on the 4 hour time frame of EURUSD. The Bat pattern uses an 88.6% retracement of the XA measurement for entry. The B point of this distinct M shaped pattern Should ideally be between an 38.2% and 50% of the XA leg. We can also see the pattern exhibits a BC projection of just over 261.8% , this is close to the maximum...

mjchase

Here we can see the makings of a bullish butterfly pattern , entry being at 127.2 % of XA and 161.8% of XA as the stop loss.

mjchase

We can see two harmonic patterns forming on gold , the larger pattern of the two is a bat pattern with entry at 88.6% of XA and the stop at 100% of XA . However , the smaller of the pattern being shown is a reversal pattern allowing us to enter the bat pattern while using a much smaller stop loss.

mjchase

From what I can see on the chart short we can see a deep crab pattern which has caused price to reverse from bearish to bullish. Price has come back to retest the 161.8% entry for the deep crab and also has formed a much smaller bullish bat pattern. Using the bat I can look to enter a much larger position due to the small stop loss required at 100% of...

mjchase

After a severely hard drop induced by fear and and the media we see what could be a potential bottom for Ethereum. I have taken an entry on the 1.618 extension and am looking to take profit at 61.8% of A-D . The majority of people will be looking for sells which indeed at this time in a time induced by fear we have more potential for gains.

mjchase

Here we can see a beautiful example of a successful bearish bat pattern. Entry at 88.6% of XA with the most ideal B point between 38.2% and 50% of XA. Due to the extreme bearish nature of bitcoin at this moment in time my target is larger than usual. 50% has been closed and I will hold the remainder for the duration of the trading week.

mjchase

Ether needs a major correction and the bearish deep crab we see here could just be the medicine needed. Selling at this point may prove fatal but the rewards could also be fruitful.

mjchase

Having been extremely bullish in recent months the Pound has retraced to the 1.36 Area. The chart on the daily timeframe shows a potential bullish Gartley pattern, this could be used for the bulls to push above the current pattern continuing the bullish trend. They key points as denoted on the chart are the distinctive 61.8% B point retracement and the 78.6% XA...

mjchase

Earlier this week we used the bullish Bat on the daily timeframe to look for entries on the lower timframes. The Bat is an extremely accurate pattern and utilises an extremely small stop. Entry is taken at 88.6% of XA with the pattern being invalidated at 100% of XA.

mjchase

Potential for some correction on what has been an extremely bullish few weeks on GBPJPY. Due to the large size of this pattern I would use it a market narrative and look to accumulate a risk free position on lower timeframes.

mjchase

Shown on the chart is the 88.6% XA Entry of the Bearish Bat along with a 361.8% BC projection and a 161.8% AB=CD. Will look for reversal patterns on the lower time frames to enter this pattern,

mjchase

Looking for a potential continuation of the Bullish trend on GBPJPY . Will be looking for other Harmonic patterns on lower timeframes to give further validity to take this set up.

mjchase

Here we can see the potential makings of a bullish bat pattern , EURGBP has seen some bullish relief recently after weeks of consistent bearish pressure. Entry has been taken on the 88.6% XA measurement with the stop loss at 100% of XA. Targets are 38.2% and 61.8% of AD.

mjchase

Here we can see what could be the makings of a bullish deep crab harmonic pattern on the 4 hour timeframe. The entry would line up extremely nicely with the much larger bullish deep crab on the daily timeframe but with a much smaller stop loss.

mjchase

We have the potential makings of a bullish Gartley pattern on the daily timeframe. The entry of this pattern at 78.6% utilises a stop at 100% of XA. Looking at the 78.6% entry point we can see this is previously a massive area of support and resistance. Due to the large stop loss for this pattern it would be used as a market narrative to find positions on the...

mjchase

Bitcoin has broken new highs but we could potentially be looking at a bearish deep crab formation.

mjchase

We can see on the daily timeframe a potential deep crab on EURGBP. After the initial bullish reaction breaking the bearish trendline price has now retraced and retest above the trend line. With this price action and the harmonic deep crab i would be looking to take long positions on the lower timeframes and build up a risk free position. On this particular...