GaryChew_CFTe

GaryChew_CFTe

This may be the week we breakout of this 7-month USDJPY rectangle. Going down to the 4-hour timeframe we also see a nice cup & handle launching pattern... may see a signal this week. USD look strong across the board, so choose your trades wisely... do not want to bet too heavily on the Long USD horse. Total risk on the same side of highly correlated markets should...

GaryChew_CFTe Updated 

The Japanese yen appears to be weakening against the US dollar, testing the boundary of the rectangle as we speak. IF this breaks, it is looking like a pretty decent trade... keep your eyes on this one.

GaryChew_CFTe

Breaking out of the gartley harmonic resistance and rectangle boundary, ending with its highest weekly close since... June 2015! This baby is looking strong, watch out for Monday's open to go long! #WTI #CRDUE #USOIL

GaryChew_CFTe Updated 

Sometimes, a harmonic pattern failure may be a more significant signal than a pattern confirmation... We may be witnessing such a case with WTI at the moment. Price is currently threatening to breakout from a rectangle formation, coupled with a (potentially) failed gartley. A clean breakout will be a signal to go long WTI.

GaryChew_CFTe

After 5 weeks of waiting, I believe we may have a breakout confirmation. The huge gap up yesterday penetrated and closed above last week's high, signalling the H&S bottom completion. The is a huge one with excellent risk to reward... hold on! #CS #creditsuisse

GaryChew_CFTe

the market finally makes a clean break off of the H&S top, but watch out for a retracement early next week. however if selling pressure is strong enough we may may hit target in a few days... hang on for the ride ;-)

GaryChew_CFTe

Terminal bar has just been confirmed today, with the RSI already oversold on the 4-Hr chart. Reversal zone also in a nice support area. Looking like a nice one to catch on the way up, just need to have today's close with a reversal candle to confirm. Likely to go long, next bar open!

GaryChew_CFTe

Looks like a head and shoulders top about to complete... this should potentially offer a nice risk to reward trade. Then market should show its cards soon enough. #EURUSD

GaryChew_CFTe Updated 

After the anti-climax of the false-breakout / bull-trap, we get to have a second go at this. Target still the same, but stops tightened to below yesterday's low. Here we go again! #AMAT #Semiconductor #SOX

GaryChew_CFTe Updated 

AMAT, the world's largest semiconductor equipment manufacturer, poised for a breakout from a clearly defined right-angled triangle. Excellent risk to reward trade. With semiconductor sales on fire, AMAT essentially builds the engines that drive the industry.

GaryChew_CFTe

too late for this one unfortunately, but still an excellent rectangle breakout, targetting next support.

GaryChew_CFTe

Have not looked at this market for a while, but took a peep today and noticed a potentially sinister-looking H&S forming. right shoulder still under-developed, so keep an eye on this... #Singapore #STI

GaryChew_CFTe Updated 

Looking like a nice gartley forming, with prz close to the edge of the rectangle. Harmonic traders can look for a short once T-bar is trigerred.... of course on the other hand once we have reactangle breakout and a close above previous high, it's a long for classical chartists... Just gotta stay nimble, and not fixated on any one direction. Decisions, decisions :-)

GaryChew_CFTe

A decent gap up, breaking out from a head & shoulders pattern, albeit a suspicious-looking one ;-) i know there may be some purists out there who will argue against this, but a breakout is a breakout. Target previous high, with pretty good risk to reward. #USOIL #WTI

GaryChew_CFTe

looks like another sterling long play... a few more pips and we are long. considering tomorrow's friday we'll need a really clean breakout to justify an entry to hold over the weekend.

GaryChew_CFTe

Could be a little early, but risk to reward is just too good to pass up. Hold on to your pants people!

GaryChew_CFTe

I just call it as it is, no disrespect to the cryptomaniacs ;-)

GaryChew_CFTe

Here we go.....