Currently seating at an important resistance zone, CADJPY offers a potential sell opportunity and later a potential buy. Say welcome to 2018 :)
Two harmonics with two opportunities. Happy New Year! Fundamentals to watch: -Australian Consumer Inflation Expectations -Australian Employment Report -Chinese Industrial Production -Chinese Retail Sales -Chinese Fixed Assets ex Rural -Swiss Producer Import Prices -Swiss National Bank Sight Deposit Interest Rate
Two harmonic patterns formed on EURCHF presenting two potential opportunities to sell and buy. The year has just started markets can do whatever they want but am just gonna stick with my patterns :). This year i just need modest 65% win rate and i will buy my condo in Singapore :) Happy New Year to ya'll!
A simple gartley pattern. Nothing else!
Am looking at an entry at the daily resistance level on this gartley.
USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. This Gartley also seats in the midst of a Head and Shoulder pattern signaling a potential move to the down side, which is why i am sentimentally bearish. Take a look at what happened on my previous...
EURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include:...
EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long,...
USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. My previous setup delivered on both TP1 and TP2 as seen here: Fundamentals to look out for are as follows: USD: US Empire Manufacturing Index, US Industrial Production and Manufacturing Production JPY:...
FX:EURAUD has also produced two butterflies with short and long opportunities. Do your own due diligence taking into account the many upcoming news events on the Euro :) Good Luck
COINBASE:ETHUSD presents two bearish harmonic patterns in this generally bearish crypto saga :) Fundamentals and Technicals appear to be in conflict in the crypto world hence making it hard for anyone to accurately predict the direction of any crypto market. These are certainly very risky markets and of course just like any other market, there are no absolute...
AUDJPY has been impulsively bearish and bullish recently after bouncing off and back to the 85.50 zone, where its currently showing bearish momentum once again. However, the pair has failed to break past all three support levels at monthly, weekly and daily plus some good signs of bullish momentum kicking back in as we have a double bottom on the H4 and some kind...
This butterfly pattern seats in a pretty comfortable support and resistance zone with a somewhat visible ascending head and shoulder formation. So I have picked my entry points as you can see but remember to watch the fundamentals. Here are the fundamental factors to keep in mind on Gold: -Australian ANZ Job Advertisements -Australian TD Securities...
This butterfly pattern seats amidst solid support and resistance levels but also there seems to be a tight squeeze that has been broken by bearish momentum. My usual C point entry has been excused in this case but it could still pull through if the bearish momentum is short term. Time will tell. Good Luck
GBPAUD is bullish on H1, H4, D and W charts just like EURAUD. Technical analysis reveals a bullish butterfly pattern with some reliable potential reversal price levels based on support and resistance. However, it is important to do your own due diligence on the following fundamentals: GBP: British Halifax House Price Index, British Industrial Production and...
This butterfly bear seats well within my previous analysis on EURUSD hence making it to my public ledger :) See my previous analysis here:
This butterfly bull is anchored at a convenient resistance level and appears to be heading towards completion. As always I already jumped on to the C entry and the USD news events today appear to be in favor of the pattern. :)
We have a clean down trend channel on the Daily chart and this lovely butterfly is flying within that channel, presenting a potential shorting opportunity. As is with my trading strategy, I never neglect a "C" point opportunity if I believe in the "D". Nonetheless, this is clearly a down trend setup and so you have to be careful with the C trade. Sometimes I catch...