Hello again. I have found this shark swimming in the USDCAD daily chart! I would wait until the pattern is completed at D (around 1.35706) before going short. Take Profit around 1.34530.
HOWEVER.....lots of news on their way this Monday 25th April, so please keep a close eye on them, check RSI if you trade and set your stop losses appropriately.
Good luck to all...
Hi, Guys! This is my beautiful Bullish harmonic XABCD pattern I drew on the weekly EURJPY.
This graph may indicate to go long where the blue arrow stands, then Take Profit at 0.382 FIB AD, which is around 118.314.
Good luck and I hope this may bring you lots of pennies!!! ITM
NZDJPY currency has been playing about? Until now: the shape of this rising wedge and the Stochastic may indicate a bearish trend, with TP around 74,400 once it breaks support lines. Good luck!
I hope this bat will help us trade the news.
I think this bearish bat may indicate to SELL at point D; however, news may affect initially the trade, so remember to set your Stop Losses!
This is what happened "next" following my previous post earlier today: a formation on an INVERSE Head and Shoulders pattern.
Clearly we see that after a downtrend, a middle head with 2 shoulders are formed. This may indicate again, an uptrend of this pair currency. I will choose a target TP at the same high as the Neckline to tip of the inverse Head (around...
A short explanation for beginners willing to understand Trading using Wedge Patterns.
After an eagle eye (which you will develop in time if you dedicate time and effort on Forex charts) you will be able to identify this pattern. Simply it has the shape of a WEDGE.
In this example (AUDCAD), I identify a falling wedge, which, theoretically, it will lead to an...
