Considering the current rally on the GBPJPY, and the double top formation. Could this be a potential 2618 trade setup. If we break 187.83 and close below this could signal a trigger of the 2618 trade on a rally of the GBPJPY with us looking to take a short on the 0.618 fib retrace if it does occur. Targets would be close to near term structure. Good Trading Guys
The AUDUSD is giving potential opportunity for Bat pattern traders to take a counter trade trade at the 0.886 at 0.8425- 0.8410 PRZ. However there is no clear major structure level prior to the X extension leg. So today my plan is to trade this bad boy bat up to 0.8484 take profit 2 level. Good Trading Guys
a harmonic pattern on the xauusd is giving the impression that gold wants to continue lower following the current pullback to the near tern 0.886 level. if the Bat completes we could see Gold rotating lower at the PRZ Good Trading Guys
The current bearish cypher overshoot and made us miss an entry on the short side however this pattern is still valid as we wait for a pull back tho the PRZ and look for a double top on a lower time frame for an entry short. Good Trading Guys
Thanksgiving being here, a formation of a Bearish Gartley should see the week ending with the market creating Harmonic moves for ratio traders. Good Trading Guys
The NZDUSD has been violating structure this couple of days. However there has been a formation of a potential Bat completion at around 0.7700 even handle number. This being a psychological number we could watch for a PRZ. Good Trading Guys
With the low volatility on the Markets and thanks giving. The markets have been in slow and sudden change in break of structure. the big wait is the AB=CB completion. Good Trading Guys
Looking at the ratios AB=CD @ 1.1366 complete. BC projection extreme 1.1392 @ . The USDCAD is holding its ground on the PRZ. All Harmonic traders are watching this one like a Bat since the PRZ is around an even handle number 1.1400. Good Trading Guys
upon my market analysis today i discovered a beautiful Bear Bat hitting ratio confluence with the potential 2.0 AB=CD completion around even handle numbers which if it hits, would make for a perfect Bear Bat. My eyes are locked on the PRZ to see how price action acts around this zone on the NZDUSD. Good Trading Guys
The current down trend on the Pound is giving opportunity for counter trade traders the opportunity to look for buying pressure. The Bullish cypher pattern is giving Pattern traders reason to take a counter trade trade. I am looking for a valid long entry on the potential reversal zone PRZ. Good Trading Guys
After the EURUSD missing my entry point and missing a killer opportunity on the Bearish Bat not all hope is lost. My eyes are set on the potential formation of the current Bullish cypher. All the one has to do now is wait for the completion of the AB=CD @ 1.618 and see where this pair takes us. Good Trading Guys
The USDCAD has been range bound. The current Pinbar Reversal rejecting the short term resistance at 1.1222 shows that the probability of the CAD could move lower.