Last week's short are all closed. This week most USD denominated pairs are gonna skyrocket. Indices up, USD down, XXX/USD all up. For Gbpusd, we are looking at a minimal move to 1.2420 to complete a bearish bat pattern. Let the waiting game begin!
EURUSD has completed a bearish bat on the H4 timeframe. RSI is overbought, and it looks like it is turning. A great way to enter this trade will be to wait for the support trendline to be broken before going short. Stops will be best above XA 1.27. Targets will be AD 382 and 618. Good luck n good trading!
NZDUSD has completed a bearish shark pattern at nice trend line resistance. Will consider to go short when support trendline is broken. Stops has to go above XC127.2 TP will be CD 0.5 and 0.886. Good luck and good trading.
AUDJPY completed a bearish gartley yesterday, but price just shot above the PRZ. When there is no reaction, there is no trade. I woke up today happy to spot a bearish shark on AUDUSD. The PRZ is at the XC 1.13 zone and it looks like it is reversing. I will go short when price breaks the support trendline. SL has to go above XC 1.27. Targets will be CD 0.5...
AUDJPY will complete a bearish gartley at 69.80. Big trend is still down and I will wait for bearish patterns to complete before going short. SL has to go above XA 1.27. Targets will be AD 382 and 618. Good luck and good trading everyone!
Gold looks poised to rise further to complete a deep crab pattern around 1800. When the pattern completes, we need to wait for reversal candlestick patterns or a break of support trend lines before getting on board. For deep crab patterns, SL has to go above XA 2.0. Profit targets will be 382 and 618 retracement of AD leg. Good luck and good trading everyone!
Bitcoin has completed a bearish bat pattern. Now is NOT the time to buy in. I will be looking forward to a drop. For this bat pattern, the SL has to go above XA 1.27. Targets will be 382 and 618 of AD leg. good luck and good trading!
GBPAUD looks poised to complete a bearish shark pattern. I like the volume action at the lows, which shows signs of big buyers buying in. Traders can go long from the C-D move (Buy with stops around 1.8860 and target at point D completion) Or wait for a safer bet after point D is completed. D completion is around 1.9275 to 1.9285. SL has to go above XC...
EURGBP has completed a butterfly. It looks poised to drop further. For a butterfly, SL has to go around XA 1.618. TP will be the 382 and 618 retracement of AD. Has been a really great month so far, hope you guys are doing great too! Good luck and good trading!
USDJPY has completed an alternate bat pattern. RSI has reached overbought status and I am looking for a retest of the zone for a short. The best case scenario will be for the PRZ to be tested a second time, and we go short after it breaks the support trendline. If it continues to fall from here, i shall pass on this trade. NZDUSD, AUDUSD and AUDJPY setups...
AUDJPY has completed a bearish shark and is breaking a critical trendline support. Will enter short when price clears this trendline support. SL will be at XC 1.27 TP1: CD 0.5 TP2: 0.886 Last week's NZDUSD and AUDUSD is playing out really well too, hope you guys made some pips too. good luck and good trading!
Tonight is NFP, I am expecting USD to weaken after the release of data. A weak USD can help NZDUSD to complete a bearish shark pattern. I hope to see a exponential increase in vol when it reaches the PRZ. I expect price to stall and reverse when it completes the shark pattern. Will wait for candlestick reversal patterns and monitor RSI before my entry....
AUDUSD might be completing a bearish bat in the coming week. Whether this pattern completes has to depend on the NFP data tomorrow. It is likely to be bad, causing stocks to fall and USD to inch higher. However, if the data is not as bad as forecasted, we might see a temporary rally in stock prices and a fall in the USD. My objective is to 1. Short after...
GBPUSD is dropping pretty fast today. Most USD denominated pair have broken support today, signaling potential further easing. I am looking closely at GBPUSD, it could complete a big butterfly pattern around 1.2. Traders can either trade this C-D move or wait for butterfly completion before trading. Good luck and good trading.
There are 2 potential sharks coming up on EURJPY. Both pointing to EURJPY going higher below coming down. The 1st mini bearish shark can yield about 100 pts whereas the bigger shark can potentially yield about 600 pips trading the C-D wave. I term this move the SAMM, where I see a rapid move from the C point of a shark towards the D point. Previously traded...
I have been away from the english version of TV for awhile now as most of my students are now from China right now. My china region and taiwan region TV is still active, in case you think I was gone for good. Had quite a few good setups last week on Gold and EURNZD. Decided to come back here as I received quite a number of PMs to post here. Watch out for...