Here we have another harmonic pattern shaping up, this time we are looking at GBP/JPY on a 4h chart with a potential bearish cypher pattern.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
I'll be expecting a spike up to hit our D point, completing our pattern then a sharp move to the downside. I am...
Today we have GBP/USD on a Daily chart forming an inverted head and shoulders pattern, this is similar to one of my previous posts but the pattern is flipped.
As you can see price has recently formed the right shoulder, ready to make a move towards the neckline. If price starts moving lower, breaking support we may be forming a bullish cypher pattern instead,...
Here we have another harmonic pattern shaping up, this time we are looking at EUR/CAD on a 1h chart with a potential bearish bat, this is looking very promising.
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 expecting a reversal between 1.48400 & 1.48700 which would...
Today we are looking at GBP/USD on a 4h chart with a potential bullish cypher pattern, this is shaping up to be a very nice trading 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
I'll be expecting price to stall out around our D point, completing the pattern then a sharp move to the upside!
I'm loving all of the Australian Dollar pairs at the moment, here we have AUD/NZD on a 1h chart with a completed bat pattern.
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
This links up perfectly with my long term prediction on the pair, this can be viewed below.
Today we are looking at AUD/JPY on a Daily chart with a potential bearish cypher pattern, this could also potentially be a bearish gartley.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a channel, I'll be expecting a spike up...
Tonight we have USOIL on a Daily chart with a 0.618 retracement. This is additional analysis supporting my bullish 5-0 which was posted last week, you can view this idea below. Once price hits our 34.00 to 33.00 area I will be looking to go long!
I'm splitting up the charts here on TradingView to bring some value to all of the new and existing traders. What do you think are the keys to becoming a successful trader?
In my opinion trading can be broken down into three distinct core principles:
1. Mindset
2. Knowledge
3. Experience
Everyone please feel free to leave your opinion below in the comments.
Today we are looking at EUR/JPY on a 4h chart with a potential bullish cypher pattern, this looks very promising and it has an amazing risk:reward.
The measurements for a valid cypher are detailed below.
B: 0.382 - 0.618
C: 1.272 - 1.414
X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area, I'll be expecting...
Today we have GBP/JPY on a 4h chart with a head and shoulders pattern, this is a very simple selling opportunity with amazing risk:reward.
Taking into consideration my analysis on the Weekly chart, we will definitely be looking to short this pair. If you see any other setups forming on the charts please feel free to leave them below!
Today we have one for the trend traders on a Weekly chart with GBP/JPY.
Straight away you can see price has broke the lows of 2015 and 2014, continuing down into the 155.000 area before retracing. We are now trading below the 200 EMA which I consider a major confirmation for a trend reversal, if we start trading above it this setup would be considered...
Hope everyone enjoyed their weekend, let's get into the charts ready for the week ahead. Here we have JPY/NOK on a Daily chart forming a three drives pattern, as we can see from previous price movement the pair has been trading within a channel.
The three drives pattern is one of my favorites, when trading them it’s important to take a step back and look at...
These moves are not measured, they are simply displayed to show the correlation between each market. The charts shown are listed below:
Top: CAD/JPY on a Daily chart
Middle: USOIL on a Daily chart
Bottom: NKY on a Daily chart
Additional: The same pattern can be found on multiple charts and markets, including SU and HSE. The weekly crude oil inventory report...
Today we are looking at EUR/JPY on a 4h chart with a potential bullish gartley, this pattern has taken shape on several time frames.
The measurements for a valid gartley are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see from previous price movement our pair has been trading within a confined area before...
Tonight we have USOIL on a Daily chart with a bullish 5-0 pattern. I'm 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
Recap on the analysis I provided for my students previously this week. Here we have a head and shoulders setup on a Daily chart for USD/NOK, this pattern also took shape on the Weekly chart. This is a very simple selling opportunity, easy to spot and amazing risk:reward.
Today we have CAD/CHF on a Daily chart forming an inverted head and shoulders pattern. This is similar to one of my previous posts but the pattern is flipped.
As you can see price has already broken the neckline and closed above it on multiple time-frames, I would like to see a retracement before entering on a move to the upside.
As always feel free to share...
Here we have AUD/NZD on a Weekly chart with a potential reversal in trend. Every indicator we need to predict a reversal setup is confluent on this chart as you can see above!
Price needs to breakout from the crucial 1.14200 resistance to confirm the change in market sentiment. This will correlate with everything detailed below:
The weekly bearish trendline.
...
