Late post....I know....Things got away from me this week, but I found this on Saturday night. Valid measurements for a Shark Pattern: C: 1.13 - 1.618 ---> (1.258) D: 1.618 - 2.24 ---> (1.618) Final X to D: 0.886 - 1.13 ---> (0.886) About 40 pips profit right now....lets see where this thing goes Instagram: _c_schultheis
Everything I've seen this week is indicating a strong Japanese Yen for the short term, here we have AUD/JPY on a 4h chart with a bearish crab pattern followed by a bullish shark. I will be going short all the way down to my 0.618 take profit level at 77.600... Then potentially entering a long position :) Credit to www.tradingview.com for spotting the bearish...
Very similar to my analysis last month which was also on the daily chart, USOIL has tanked this week since hitting a level of resistance at 51.50... I'll be looking for opportunities on the lower timeframes very shortly to confirm a move higher or lower. Let's see how the market shapes up over the next week, check out my previous analysis on USOIL in the related...
Make sure to keep this one on your watch list, here we have NZD/JPY on a 4h chart with a bearish gartley. I'm currently short on this pair but this pattern provides extra validation for a larger move, check out my previous analysis: The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786
Wow this is huge, today we have USD/JPY on a 4 hour chart with yet another bullish 5-0. Yesterday I posted my analysis on CHF/JPY with the exact same pattern... Here is my analysis below: The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 As mentioned in yesterdays analysis the 5-0 pattern holds a much...
There are some amazing setups forming on the charts, here we have EUR/CAD on a 2h chart with a potential bearish bat. Excellent opportunity we will be trading with over 1:3 risk to reward! The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for extra confirmation...
We have CHF/JPY on a 4h chart with yet another 5-0 pattern but this time it is bullish. I'm absolutely loving the look of this, if we can complete our D leg I'll be going long. The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50 The 5-0 pattern holds a much better structure on the Daily chart but we shall see...
Here, we have a Bearish Crab on the 4h chart. Valid measurements for a Crab pattern: B: 0.382 - 0.618 ----> (0.586) C: 0.386 - 0.886 ----> (0.859) D: 2.24 - 3.618 ----> (3.049) X to D: 1.618 ----> (1.618) Also, we have a trend line running under C and D point. The second trend line that is barely visible, shown just above D point, is part of a descending...
We're looking at NZD/JPY on a 4h chart, this is an excellent shorting opportunity (we are trading with a 1:2 risk to reward). The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 I'll be looking for extra confirmation once we approach our D point, this is definitely one to watch....
Yes we have a valid bullish cypher, this time we are looking at USD/HKD on a 4h chart with a simple buying opportunity. The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786 REMEMBER: Trade at your own risk, exotic currency pairs can be extremely volatile. Do you want more trading inspiration? Connect with me...
Since the brexit vote we are still selling off, now into the 1.2 levels creating new lows for GBP/USD. In relation to one of my first ever charts posted on TradingView over 7 months ago I stated price would break the lows of 2009 which we seen straight after the brexit vote. The question to be asked now is, what is the future of the pound?
Today, we have a look at the EUR/GPB on the 4h chart. It seems as though a BEARISH BAT pattern is beginning to form. The valid measurement for a bat pattern are as follows: B: 0.382 - 0.5 ----> (0.416) C: 0.382 - 0.886 ----> (0.7) D: 1.618 - 2.618 ----> (2.609) X to D: 0.886 ----> (0.886) This pattern has formed after breaking out of the ascending channel that...
Once again we are looking at AUD but this time we are on a 4h chart with AUD/CAD another potential reversal pattern indicating weakness in the currency. I'm loving the look of this, you can see we recently broken out from a very aggressive ascending channel creating our X point further creating our A, B, C and potential D point on the chart. All-round we have a...
We're looking at a complete bullish shark on a 4h chart for EUR/AUD, this is an excellent buying opportunity. To add to this I'm currently bullish on EUR/JPY with another harmonic pattern, you can find my analysis in the related ideas section below. Just before anyone points out I am fully aware the C point extends the 1.618 retracement but the candlesticks have...
Wow this is huge, yesterday I posted my analysis on market direction stating I would be looking for possibilities on the shorter time frames... Here is my analysis below: I have my first possibility for USOIL on the 4h chart with a picture perfect bullish gartley pattern, we just need to be patient to see how the market shapes up. The measurements for a valid...
There are some amazing setups forming on the charts, here we have USOIL 2.54% on a Daily chart . Straight away this could be an excellent buying or selling opportunity depending on the short term outcome, I will confirm a move higher or lower when we approach our trendline or resistance level... I'll be looking for opportunities on the lower timeframes in the near...
Here we are looking at EUR/JPY on a 4h chart with a perfect bullish butterfly harmonic pattern, price is currently bearish but I am looking for price to stall out on our D point followed by a major reversal heading towards resistance at 113.900 before continuing to make a moving lower. Spotting a 'perfect' bullish butterfly can be difficult, here are the...
Harmonic patterns are a very precise way to trade the forex market, if executed correctly. Here is one of my more recent trades USD/CAD on the 4h chart which was sent out to all of my students at Six Figure Capital! To start off the measurements for a valid bat pattern are detailed below: B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D:...