GBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD. 5 Reasons to Buy: 1. Bullish Gartley pattern completion 2. Bullish crab...
EURAUD has entered the PRZ of a bullish butterfly pattern. A strong trendline will provide support at the entry. A missed pivot cluster lies above price around .618CD which provides a target with a large R/R. SL is placed below S/R. Confluence in the PRZ: Bullish butterfly pattern completion Long term trendline support 1.27AB=CD 1.618BC projection ...
GBPAUD has been rejected at the PRZ of 3 bearish patterns: Alt. Bat, and 2 Bearish Crabs. A bullish engulfing candle suggests continued downward PA in the short term, and trendline resistance in addition to missed pivots below price may help to drag price down long term. On the D1 chart, a potential head and shoulders pattern is emerging. Targets are placed at...
GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish cypher pattern completion 2.24AB=CD (cypher) ...
GBPJPY has completed a series of bearish patterns. Two bearish Wolfe Waves are entering a their sell zones. A bearish Gartley pattern makes for a good place to enter. The Gartley PRZ is confluent with trendline resistance. SL is placed above X/5/5 with target at the unhit weekly pivot. Confluence in the PRZ: 1. Large bearish WW pattern potentially...
USDCAD may potentially be completing a bullish butterfly pattern at a key support trendline that dates back to May, 2015. At the butterfly completion point, there are three key levels that are precisely confluent: 1.272XA, 2.24BC, and 1.5AB=CD. To add to the bullish bias, MACD and momentum divergence are present on the 1HR TF and an unhit daily pivot sits...
AUDCAD has just completed a perfect 5-0 pattern on the 1HR TF. Trade details: Entry at the 50% retracement of BC (hence the name 5-0). SL above .618BC level Targets are placed at BC terminus, and 1.272/1.618 BC extensions. Thank you for viewing!
EURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as well. To add to the bearish bias, two unhit weekly...
NZDJPY seems to be forming a 4 of C of (4) correction. PA is showing bearish signals in a PRZ formed by a bearish Wolfe Wave and bearish deep crab harmonic pattern. I expect price to begin turning around in the demand zone , where previous wave 4 structure, Wolfe Wave target line, and .382CD all converge in a confluent S/R area. For the long entry, SL is...