paulsandhu

paulsandhu

Good morning traders, We have two potential harmonic patterns forming. On the sell side, we have an 'alternative' bearish cypher (indicated with the red dotted sell line). On the buy side, we have a bullish Gartley (indicated with the green dotted buy line). The market cannot consolidate forever so we can expect either of these orders to be filled at some point...

paulsandhu Updated 

Hello Traders, GA has completed a head and shoulders on the daily and for me to be involved in this trade I am looking for a retracement into the PRZ, which I believe to be a high probability reversal area if price action tests this zone. If completed, I will be expecting a harmonic move to the downsize to my target area in green. This is not a traditional head...

paulsandhu

Bearish bat forming at the key weekly level. This bat, if formed, would be a rejection of the weekly area. If this pattern fails the next level to take the pair short would be at the well respected downtrend line indicated in the second chart at which point a trade would be executed upon confirmation only (where I would be in search of additional confluences)

paulsandhu

Potential bearish bat + RSI divergence + weekly supply area There were also multiple rejections of this area as outlined in the notes on the chart, which I believe adds credibility to the trading idea Good luck traders!

paulsandhu

P.A is testing a weekly demand area above a key support level. The pattern has completed w/ RSI divergence and an engulfing candlestick formation on the daily which has been confirmed (taking bit of a conservative entry with this one) as the trade was executed after the 4h M.A's crossed to the upside. The expected rally would also be supported by the recent...

paulsandhu

UJ has a bat bearish bat pattern. A counter trend trade opportunity has been presented to us traders, which I believe P.A. will come back to test the breakout of the trendline that was breached with the last 4h candlestick.

paulsandhu

Bearish Gartley formation at 4h structure level + divergence. However, medium term bias is bullish

paulsandhu

Hello Traders, I am waiting for an upside retracement into the box zone before the downside trend continues to the dotted line area (which I believe to be a high probability reversal zone - potential bullish cypher). I will be waiting for a L3LC on the 1-4 hourly charts depending on how action unfolds, since the box region is in a consolidation zone....

paulsandhu

Gartley and a cypher forming at the same time. Major harmony alert

paulsandhu

I had entered short on UJ upon completion of a 2618 pattern. To my surprise, the pair completed a bearish bat formation w/ divergence. A lot of confluence on the pair and massive downside if the bankers bring it down below the recently respected trend line. Fundamentally, we need to wait for economic data to filter into the market tomorrow before any real moves occur.

paulsandhu

There is a large cypher pattern formation that is nearly completed at a support area. T1 and T2 are shown on the chart. There is also bullish divergence on the 4h. Do your own due diligence.

paulsandhu

A great long opportunity has been presented as there is a bullish downward wedge formation on the AUDJPY at a key level. In this formation is bullish RSI divergence as well as bullish momentum has been confirmed on the daily. There is potentially a bearish Gartley forming on the 4h. However, in my opinion the daily formation outweighs the Gartley. Fundamentally,...

paulsandhu

Expecting a double top formation on the daily w/ a pull back into the 382 fib zone w/ weekly support confluence.

paulsandhu

Hello Traders, I hope you all enjoyed your weekend - A bearish 2618 formation has completed on the 4h chart of GBPUSD. This is a great R/R trade in my opinion given that there is a significant & confirmed downtrend-line offering some protection as well as previous structure/consolidation. RSI confirms weakening of the pair and there is some ratio confluence at...

paulsandhu Updated 

My forecast is for the pair to hit the downside target (I am currently short). If the gartley pattern completes we can go long for targets 1 and 2. The last 4h bar closed below both of my EMA's, which adds credibility to my current short position and potential completion of the gartley. Any feedback would be appreciated.

paulsandhu

Declining head & shoulders forming on the 4h USDCAD. The pair has retraced to the 618 of the impulse leg and the opening candle has closed the gap and closed below the previous low. Aggressive traders may enter at this level, otherwise wait for completion of the pattern.