akhostov

akhostov

After seeing a notification from someone I followed presenting an idea on GBPAUD (which I didn't look at yet), I decided to take a look at the pair and was amazed to find my first 3 drives pattern. This pattern is quite simple... just 3 AB=CD completions. The AB=CD patterns are all shown in blue arrows with the orange arrow showing where I expect the pair to...

akhostov

I have been watching this pair closely and found several interesting setups. For the bast few days, GBPJPY has been in a continuous bull trend making new structure highs and higher lows (take a look at the red rising trend-line as well). I see couple of setups. (1) a Bullish AB=CD pattern (Blue Arrows), (2) a Bearish AB=CD Pattern (Pink Arrows), and (3) a...

akhostov

I was looking through the charts and found two AB=CD patterns that complete in the same PRZ. At least to me, this is a great opportunity to go short on AUDUSD. The basics of the chart shows a large AB=CD (blue arrows) where we have a 0.618 AB retracement and a completion close to a 1.618 AB extension. The smaller AB=CD pattern (orange arrows) that is embedded in...

akhostov

There are two Bearish harmonic patterns seen on this chart. The first (shown in purple) is a bearish shark pattern and the second (shown in green) is a bearish bat pattern. Both patterns complete at a structural level (93.996, red dashed line). By having two different harmonic patterns completing at the same level and that level being a structure increases the...

akhostov

GBPJPY has experienced a nice rally bouncing off support near 176.00 and broke through trendline resistance that formed a descending triangle. The pair currently hit resistance around 181.28 and is retracing. My guess is that we will see a retest down to 180.899 (dashed green line) where we have intermittent structure (which also matches with a 0.382 retracement)....

akhostov

I currently see an ascending triangle (red trend lines on price chart) that has formed since February 4. The resistance has been hit 3 times while the ascending support trendline has been hit twice. The last time it hit it, the price bounced off both the trendline and a previous level of support (green dashed line). In the process of the ascending triangle...

akhostov

I decided to experiment and try something new and that is incorporate candlestick patterns into my trading style (harmonic patterns + chart patterns + structural trading). Here we have a Bearish Cypher Pattern that I found yesterday (PST). I was looking for a pattern completion around 1.91423. The best part of this completion was that I identified an Evening...

akhostov

Completion of a Bearish Shark Patter on SPY. First Target is set to the Gap at 202.62 Second Target is set to 198.88 which is another level of support. Matches well with structure. Trade wisely, Trade responsibly

akhostov

Found a Double Bottom on the EURNZD. Target is right at previous structure (1.55142). Because of my trading plan, I require a risk-to-reward ratio minimum of 1.0 which explains the first target. Trade wisely, Trade responsibly.

akhostov

Found an interesting Descending Triangle on AUDCAD. It currently has come back from hitting structure (previous support now resistance). I am looking for a short term drop down to 0.96622 and a descending triangle target at 0.94976. Great part is these targets match with previous structure. Trade wisely, Trade responsibly.

akhostov

Identified a possible Bearish Bat Pattern. Good Points: (1) Matches structure at 1.52237 (2) 2.618 BC extension confluence My current "demo" positions are going long until the bat pattern completion. This is because of the trendlines and structure that I previously identified. Will be riding them up till completion. Trade wisely, Trade responsibly.

akhostov

I have identified two harmonic patterns for USDJPY. There is a Bearish Cypher Pattern that beautifully completes at previous structural support/resistance. There is also a Bearish Bat Pattern that is forming as well with a completion above structure that highlights the PRZ. Trade Wisely, Trade Responsibly.

akhostov

Found a potential Bearish Cypher Pattern that completes near previous structure (red dashed line at 117.509). This looks like a perfect PRZ. Targets include the 0.382 retracement which matches previous structure (117.27) Second Targets: 117.126 Third Targets (Aggressive): 116.862 Trade Wisely, Trade Responsibly.

akhostov

Here is my idea on how AUDUSD can play out for the short-term. The pair has been bound between the two red trend lines, which has formed a bearish channel. Currently, the pair seems to be retracing. I have identified and ascending triangle for which the height of the triangle results in a target that matches previous support/resistance (look at dashed red line)....

akhostov

We have a Bearish Shark Pattern that is forming on the GBPJPY. The great part about this setup is the 0.886 XA retracement matches perfectly with previous structure (dashed red line). We will see a completion around 178.76 and possible first target 178.416 for a nice ~35 pips. Currently, we have the currency bouncing off a trend-line resistance. Best time than any...

akhostov

We have been waiting for USDJPY to come out of this Descending Triangle for some time now. I believe that a breakout will happen sooner than later. I have identified a major structural area (Red Dashed Line) for which the currency has found support/resistance on 4 different occasions. Now we are currently touching the trendline resistance, but what I am looking...

akhostov

Bearish Bat Pattern is forming. The nice thing about this formation is that the D completion point matches with both 2.618 BC extension and trendline resistance (red line). The PRZ is highlighted in Purple. I also find structure at 118.286 (red dashed line) for which the currency might turn around and invalidate this pattern. Will keep watching, but if we find...

akhostov

USD/JPY has had a nice rally up to the 118.600 level, which I predicted it would reach (never published the idea though but mentioned in the chat room). We saw a reversal down to structure around 118.11 and a bounce up. The pattern that I have recognized is an ascending broadening triangle, which implies for a drop down to previous support/resistance 117.803....