I know that this pair is not really popular,but still wanted to share my view on it.
I am currently long from 1.08139 on this bullish butterfly.
My S/l goes below 1.08000 and target at around 1.08500 level
GL to you all!
Last week, AMAZON's earnings resulted with a huge rally, exploding $AMZN into the PRZ of a bearish Butterfly I've been monitoring.
My pre-earnings setup was bullish with anticipation that the price will complete the pattern and create a bearish opportunity I've been waiting for since August's low.
The first target of this setup is 550-560$. The top of the...
Consolidation is the best market condition for harmonic trading.
In this 240 minutes chart of $EURJPY, the price is trading between 138.5 and 133.5
On October 9th, $EURJPY completed a bearish Bat pattern (blue) that sent this pair to re-test the 135 structure zone (now support).
Despite the sharp decline, 135 managed to hold $EURJPY above it and it bounced...
First Thing that I always do is to find the map and see where is the price and where it wants to go.
I have seen a bearish Elliott Wave with possibility of correction wave to a little above wave 4 which I named it as Point E right on R5 Trend. (Based on Elliot Wave Principle).
And Also I see a Double Bottom Pattern that gives more significant to reach point E....
Gold's rally, started near 104 with the completion of the bullish Crab pattern, is about to reach Targets 2&3.
The zone between 112$ and 114$ is a strong resistance zone that $GLD will have to face if it intends to breakout higher and continue its correction wave.
As long as $GLD is below 114$, I focus on the bearish side and the 112$ - 114$ zone presents very...
While everything has kind paused now waiting on the FOMC, let me post this update real quick....
In my previous post, I talked about a bullish shark that will complete around the same point as the bullish 5-0 pattern would complete: at the 1.09600 area. Recent price action has now also set up a POTENTIAL bullish bat that will also complete right around that area...
