The main theme of GBP/USD in 2017 is a bottoming out, which has clearly formed a bullish channel since March. This bullish channel has been maintained pretty well. At the end of December, the dollar index was about to form a head and shoulder pattern , and again, GBP get support around the channel. This channel is unusual, it is a bullish channel with a...
As previous mention, a crab show in EUR/AUD, it reach my target today(A-D 38.2%) Now, I am preparing to short it by head&shoulder pattern. Seeking for the opportunity around neckline. Also I found weak signal in EURO: EUR/CHF EUR/CAD EUR/NZD, maybe there is a bad future for EURO in DEC. Wait and good luck Post related link below.
EUR/CHF stays above GMMA long term Ma( red MA), which tell us that should buy EUR/CHF in the long term. Also there is a wedge pattern in daily chart from October to December. You can see there is only little room in the wedge pattern and Price is testing GMMA long term MA now. Uptrend is become weaker. However, we need to observe the break out, and then trade it
bat pattern on the chart: B is 50% fio retracement of XA and D is 88.6% retracement of XA. PRZ is determined by 88.6%XA and 2.24 times of BC Target:1.55805 Stop:1.54833
Now USD/JPY is bullish, however , I am watching for a short opportunity around(114.20-114.40). A potential bat pattern is waiting for us. The bat pattern is determined by X A B C D. Now the B(113) IS near 50% retracement of XA The potential reverse zone: D(114.20-114.40) must be 88.6% retracement of XA and 2.618 times of BC. If the price reach...
A bullish gartly in 4H chart, nearly compete. Let's look at it. A gartly pattern is determined X A B C D. B is 61.8% fio retracement of XA(1.9370) and C must within 38.2%-88.6% of AB. The final reverse point:D has to be aorund 1)78.6% retracement of XA and 2) 1.272-1.618 times of BC So the PRZ zone is around 1.9300-1.9250. stop loss at 1.9100...
Now there's a gartly pattern on EUR/GBP 4H chart. B(0.88412) is 61.8% fio retracement of XA(0.87348-0.90125),this's the first condition of gartly pattern D(0.8800) is 78.6% fio retracement of XA,this's the second condition of gartly pattern. D is also 1.272-1.618 times of BC , this's the third condition of gartlt battern. Three condtions meets, pattern...
Hello, I found a bearish bat on USD/CAD, I have post the same idea before, but the pattern changed a little. For this bat, XA start from 1.29138,end with1.26632. B(1.28189) is 61.8% fio retracement of XA, C (1.26781) is near 88.6% of AB. Here, 88.6% retracement of XA and 1.618 times of BC constitute the potential reverse zone. Short it with stop loss around...
a gartly is on the chart:D(86.791) is 78.6% fio retracement of XA and B is 61.8% fio retracement of XA. It meet the requirement of gartly pattern. And the price now just move a little in these days---price seems to stop falling Sometimes a gartly can turn into bat: If it's a bat pattern, the D will be 88.6% of XA, it will be around 86.263. So we have two price...
Two harmonic pattern on the chart 1) Crab pattern(the blue one) . B(0.76227) is 61.8% Fio retracement of XA, and D(0.74613) is 1.618 times of XA as well as around 3.618 times of BC. Hence the potential reverse zone is locked 2) Butterfly pattern(the yellow one) . B(0.7567) is around 78.6% Fio retracement of XA, and D(0.7426) is around 1.272 times of XA as well...
The USD/JPY is now bearish due to the dark cloud of us tax reform and the delay of the news. I now wait for an opportunity of long USD/JPY from 111.80-112. Why ? Because of the two harmonic patterns : bullish crab and bullish bat. Bullish bats' X is near 111.60 , A is 114.73. So using the XA,help us to locate B point: it's 50 retracement of XA. Bat pattern's D...
Now, GBP/AUD is around 1.7350, and if the price rises to 1.7500, it will form two bearish harmonic patterns 1) I once found a bearish cypher and end with a happy trading.Now please see the potential bearish shark in blue.This time the price need to go to XA88.6% and then shark will formed .The 88.6% of XA and 2.24-2.618 of BC constitute the bearish area,...
Now NZD/CAD has shown a bullish bat form near 0.8720: this pattern in this case, B is 61.8 percent of theXA andD is 88.6% of XA. 88.6% of XA retracement is the decisive factor in bat form and is only 0.886 of XA.And D points need to be determined by the BC segment: here, D is 1.618 times as far as the BC, forming a potential reverse zone In the area of...
From the perspective of harmony, it can be seen from the picture that the price of the vicinity of 1.272 of 1-2 band is near $54.84.There are also recent potential resistance levels near the 3-4 band of 1.272, $57.74, which makes up the three-drive model.This region has been the support level in the early years of 2015.There is a risk that oil prices will take...
A huge head and shoulder bottom is formed from 2015-2017 . Now oil price moves up and breaks the neckline. It means that if the pattern is not breaked, the oil will have a bullish way to go . A lot of institution expect OPEC meeting in Nov will extend the expiry data of arrangement;Saudi anti-corruption operation;----all of this contributes to oil price action...
A huge head and shoulder bottom is formed from 2015-2017 . Now oil price moves up and breaks the neckline. It means that if the pattern is not breaked, the oil will have a bullish way to go . A lot of institution expect OPEC meeting in Nov will extend the expiry data of arrangement;Saudi anti-corruption operation;----all of this contributes to oil price action...
AUD/USD now form a bearlish head and shoulder after a bullish crab reached its target.( you can see the link below) AUD/USD is going to decline! Now I thought the whole picture of the market is clear:DXY or USD rise, EUR or AUD falls. - there is a bullish head and shoulders bottom pattern ( you can see the link below) in Dollar. Meanwhile,there are a bearish...
Here I am going to explain how to trade a bat pattern in non-USD currency pairs . let's use AUD/CHF last week for example As you can see in 4H chart, B point and D point are determined by the Fib retracemen of XA t. Expecially for D point, it need to be 88.6% of XA, the price can't go far away from it. This is condition 1. For the bat pattern, the final...