after missing the shorting opportunity on this pair yesterday price is now back to the bottom of the chart, testing the daily structure i've drawn (yellow box). A bat pattern is completing right there and it's in confluence with an AB=CD 1,618 pattern. Also, we have some nice clues on the RSI, that's in divergence (both in the daily and 1hr chart) and in...
one of my entry techniques that i use the most. It is an harmonic pattern called Bat and it's about to complete.
Make sure your stops are above X, and targets at the .382 and .618 of AD leg.
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
today i got long on this pair, due to an advanced pattern formation known as "Bat" formation. This pattern completed right at 4h support and therefore i know it could be a nice zone to buy. Stops below X, targets at .328 e .618 retracements of AD leg.
Feel free to comment below for anything.
Otherwise, see you in the next chart!
i want to share a nice opportunity that could complete in few hours. It is a Bat formation and its completion comes right near an important 4hr structure (blue line), on the daily we recently broke below a support level and this represents a test also of that level.
Please note it would not be a valid pattern taking the fibs from the very high, but i...
A Good buy trade if price break above @115.250 with T.P.1 @116.500 and T.P.2 @ 118.198 with S.L. @ 114.200
A Good sell trade if price break below @113.990 with T.P. @112.550 with S.L. @114.800
Here are other risk events
Wednesday, Jan 25, 10:00pm PH time USA Existing Home Sales
Thursday, Jan 26 9:30pm PH time USA Unemployment Claims
i want to shar with you some analysis on USDJPY.
Here we have a Gartley already completed and a AB=CD pattern right at the same level. Besides, we also are in an OVERSOLD condition and we can see some structure to the left.
I've outlined a small box where i'm looking for long entries in form of double bottom or engulfing kickers.
However, if you're a...
Many Reasons i believe this pair will continue on the upwards trend.
- Impulse leg forming a flag, if we breakout of the flag then bulls will take over and push price up.
- Possible inverted head and shoulders pattern, if neckline is broken then we will see yet again another rally in price upwards.
- Key Daily Support Levels are being tested, and i believe we...
after two profitable trades on this pair, let's see if this winning streak continues.
The level we are looking on is always the same daily resistance. Price now is consolidating; usually in this condition patterns breed.
This time is Gartley's turn to appear.
Stops above X, targets as usual for patterns.
If you have any question, don't hesitate to...
i've just exited my position on USDJPY for a profit of 120 pips, but that doesn't mean i cannot reenter the same pair again if i have reason to enter the market.
And this is precisely the case: we are heading back to retest the double top's top and we are still in the same level of daily structure (black line). Price broke to the downside the previous...
this analysis starts from higher timeframes. As you can see in the attached analysis i predicted usdjpy was coming to test this level some days ago. Now at this level we have a major structure daily level (black line) with a couple of fibonacci levels for confirmation.
Another confirmation comes from RSI, that has a divergence on the last highs. In the...
here on USDJPY we just broke above an important daily structure level, the next level would be near to 114 flat. With that being the case, i want to be involved only in buying opportunities; recently in 1hr chart we had a good double bottom and after that price broke that to the upside, signaling also in this timeframe a bullish tendency.
A 2618 is a...
Further downfall until the elections. Potential support level 101900. It has been previous resistance and it is half way though the previous consolidation area.
Next move upwards to 103400 -it has shown resistance so far and consolidation between 103400 and 102700.
Then it will continue its upward move.
here we have a deep Gartley formation that is almost completing in 4hr chart.
I'm very interested in this opportunity because the completion is near to a daily structure level (black line), and also we have a psychological number supporting us.
In addition to this, a deep Gartley gives us always a nice risk to reward ratio.
My levels are:
As advised yesterday USDJPY managed to jump above 102.85 where market activate farther advance that will face resistance zone for the downtrend line around 104.30-50
From that zone will expect a drop correction to hit the market toward 101.75 zone
Above 104.50 market will face another resistance at 105.00-20