Last week I called a buy at 0.7160 for the AUDUSD and this pair is riding almost 200 pips now. The Point X of this pattern isn't the greatest, but there is a good structure to short AUDUSD at 0.74. However the crab pattern cannot be ignored so I will keep a sharp eye on this level.
Last week we had a losing trade on NZDCAD. This week we have a shot at redemption with a crab pattern. Pros: 1. Nice round number 2. Good weekly resistance 3. Crab pattern Cons: The Point isn't great. Going to watch for reaction here before taking a trade.
I see a bullish butterfly completing at $0.7526. Around that level, there is also an AB-CD pattern completion. EP: 0.7526 SL: 0.7470 (56 pips) TP: 0.8090 (464 pips)
I see a bullish bat completion on GBPCHF. RSI is already oversold, which improves the case for a long. I am also expecting this pair to correlate with USDCHF, moving north first before falling. EP: 1.4350 SL: 1.4280 (70) TP1 : 1.45 (150) TP2 : 1.46 (250)
Potential Bearish Gartley formation with confluence of Fibonacci levels.
This bat pattern isn't the greatest but it comes close to last week's high. Likely to be a big move so have to be patient.
I will likely go short on NZDUSD around $0.6820. EP: $0.6820 SL: $0.6860 (40) TP: $0.67 (120)
AUDNZD is still in a downtrend and I want to get on with this. 1.0800 is a good strong resistance and I will aim for the low of 1.0620. R:R is about 1:3
Last week was when I shorted EURNZD. This week I will favour the bulls if they come down to the 1.65 region.
The Pound has been one of the most volatile currency pair for the year 2016. Amidst this erratic movement, I still manage to see it respecting Harmonic movements. Will be looking to short GBPUSD on a bearish shark completion around 1.4723. Will adopt a bigger SL for this pair, around 127 pips of risk to capture about 300 pips of profits.
Was browsing for trades to do and found this nice deep gartley completion on NZDJPY. ABCD completes around the same level. Put up a queue to go short on this pair. EP: 74.45 SL: 74.75 TP: 73.90
I see a bearish shark completing on GBPJPY H1. There is also an RSI bamm setup. EP: 162.6 SL: 163.2 (60 pips) TP: 160.2 (240 pips)
Last week AUDUSD went nowehere. It seems like it was consolidating for a move upwards. In Week 22, I am expecting a bullish move but our bias still should be to short. So likely I will go in with half position for the long and the full position for the short. The crab pattern is quite clear and there is an alternate bat that comes in the same area. The short...
There is a M30 gartley pattern that just triggered and a crab pattern on M15 to short this pair.
I see a shark pattern coming up at 85.30. This is in line with the CADCHF short called earlier. Oil at US$50 is a really strong short so I won't be surprised to see people running away from CAD. I remember Scott telling us that oil will hit US$50 when there was a deep crab at 28++. Amazing how harmonics really can control the market despite all the fundamentals
Hey guys, we banked in over 250 pips earlier on EURJPY off a Shark. Right now, we are watching for a Deep Gartley to reenter long. EP: 121.90 SL: 120.90 TP: 127
Hey guys, I am looking to long AUDUSD around last week's low on a bullish shark pattern. Have put in my orders as follows. EP:0.7180 SL: 0.7130 TP: 0.7360 Good luck and good trading!