NZDJPY is still in a downtrend and I see a short coming up at the high of last week. Check out the bat pattern at this level. Stops above 75.
This is at a round number of 2.15
I must admit that EURCHF is my Achilles's heel since starting TV. However this pair looks like it is ready to come down. I like the fact that Week 18 has a high and week 19 has a slightly higher high. This shows that we have a head and shoulders potential for a big move downwards. I am waiting for the slightly warped shark pattern to complete. Stops MUST go...
I will keep a keen eye on the 1.4210 level for this pair. There is a deep crab coming at this level but what I like mostly is the fact that this might be a double top in D1. The potential is huge as the first target is 1.3810 so do keep a look out. It is similar to the EURCHF setup.
A deep crab coming in around 74.9. Multiple patterns at the same level with a round number deserves a lot of attention.
Here is another pattern at 1.4140. This should give us more confidence to enter the trade. Likely to trigger in 1 hour.
Last week I shorted EURAUD at 1.56 and I am keen to do the same this week. This pair has been resisted over the last 2 weeks. I am hoping for one last challenge to complete the deep crab at 1.56. I will leave targets open because these kind of trades will usually result in a 200-300 pip move.
This pair is just completing a H1 crab pattern. I also see 2 of the upswings ending their Fibonacci profit target at the 1.4140 level. This should be a strong resistance. The trade is not ready for the trigger yet. I will observe this pair for at least another 1-2 hours.
This aligns with the fact the AUD is likely to strengthen next week. I would still short EURAUD over this pair as EURAUD has been resisted two times in two weeks.
Earlier this week, I called for a short of USDCAD at 1.3. It moved beautifully and now I feel it is time to long the pair at 1.2830 level back to 1.3.
The pair looks toppish being resisted by last week's high.
We are long on the EURUSD since 1.1390 and up about 36 pips now. Our target is the 1.1530 level but we are seeing a M30 pattern at a very strong resistance. . It is always important to look for harmonic patterns in the reverse direction of your trade to find the best place to exit. I will keep an eye on this level to make a decision to close the long and go...
A big gartley which has been in the making for 7 months is going to be triggered soon.
Despite the strong rally of USDCAD, it still remains in a downtrend. I feel it needs to go and test the 1.25 level for a clear reversal. Will observe the 1.3 level very keenly for the shark pattern to short this pair.
We are still long on EURJPY and here is a crab pattern to re-enter. It is supported by the high of last week which should turn as support now.
There are multiple patterns emerging on GBPUSD at 1.44. The Gartley is in play but look for the Bat to go long.
I have been short on NZDUSD from 0.7020 and finally see a butterfly pattern to go long. I will look for reaction at 0.6700 and see what happens. Some NZ news coming up at 4 a.m tomorrow morning so this level maybe touched and we should see a bounce. However this pair is clearly bearish now, so I won't be in a hurry to long. We may even see a complete bash through...
We shorted NZDUSD at 0.7020 and plan to hold this for the long term.