EURAUD has been falling in September but it seems like there is a bottom out happening. Here are the reasons this bat pattern may work out. 1) There is a daily inverted head and shoulder forming. 2) There is a trendline support 3) A H4 bat pattern is forming 4) Round number of 1.46 as well. I will keep an eye on the bat pattern for a confirmation to go long.
The NZD has been weakening since last week but it seems to be an opportunity to go LONG soon. The 0.7000 was well supported and I am seeing a Gartley pattern (Completing at Fib 8 to support the bulls. The target would be a bearish bat that can be seen on the chart.
The NZD has been weakening since last week but it seems to be an opportunity to go LONG soon. The 0.7000 was well supported and I am seeing a Gartley pattern (Completing at Fib 8 to support the bulls. The target would be a bearish bat that can be seen on the chart.
AUDCAD is fast approaching the 2016 high of 1.0116. There is also another strong resistance at 1.0166 from December 2015. (This is the 2015 high) It is good to see a bat pattern coming up at the same level. The trend is still up, so I am cautious about taking the trade now. I would like to see the high being challenged and a H4 candle being rejected before taking...
This week we had the BOJ announcement and the FOMC. Based on the reaction, it seems like the USD rate hike has been pushed back to December which lead to investors dumping there USD. The chart shows a clear bullish trend in the EURUSD pair. However the bullish steam can last only for so long and it is approaching the very strong resistance of 1.1270 with a shark...
EURCHF is about to hit a lot of resistance this week. 1. There is a bat pattern to short. The wick on TradingView is different from what I see in MT4, so this is a valid Bat pattern. 2. The trendline has a nice resistance 3. There is a head and shoulders pattern being created across 3 weeks. This is a sign of a big move down.
The trend for AUDJPY is still down. However we know that Harmonic patterns show strong reactions at confluence zones and I am very keen to see a reaction at the highlighted blue bat pattern. If there is a terminal bar here, I will be long with a minimal risk. I will be aggressive in taking profit until it reaches the sell zone where I would be very comfortable to...
First of all - AUDNZD is still on a downtrend based on the drops we have seen over the last 4-5 weeks. It has fallen from the high of 1.0745 but I see a pattern setting up at around 1.0275 to take the side of the bulls. Last week's low was established with a double bottom on the H1. This low will be a good base and there is a bat pattern emerging. I expect it to...
This pair has hit the high of last week and there is a nice gartley pattern to short the pair.
EURCHF has shown a range 1.08 and 1.0935. This pair is now moving towards the lower end of the range which also nicely matches up with a bat pattern coming in at the same level.
Keep an eye on this level where we are looking to go short on EURGBP. This is a shark pattern.
The USDJPY moved up quite a bit last week. There is a bat pattern to short this at a very good resistance around 102.25.
The zone of 0.753-0.7550 is quite a significant resistance. and there is a shark pattern coming up next to it. I will be looking to take a position early next week once this zone is challenged.
I was quite keen to short USDJPY last week at 102.25 and there is confirmation that this can be shorted now. There is bearish divergence on H1 to further confirm this.
There is a gartley pattern that is being anchored off last week's low. Looking for a nice move up off this pattern.
Last week the high of GBPUSD was around 1.3182. It is getting challenged this week again and there is also a alternate bat pattern setting up. The BOX theory is also coming into play around this area as there is likely to be divergence. If this works out, we can expect the formation of a big bat pattern to buy based on our rules
There is a nice shark pattern setting up at the high of last week. Plan is to this first and long at the zone shown in the previous post.
CHFJPY has shown a rejection at the high of last week. I hope for a quick 40-50 pips (Target 1 around 104.20) before exiting the trade