Hello Traders, Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
Hello Traders, Before we get into the details, I just want to point out that this is NOT a trade setup, it is just to use it as a reference when looking at USD related pairs. So after the sharp fall in the dollar, we have just completed a harmonic AB=CD move , right at the strong support zone (which previously acted as resistance). Looking to the left we see...
Hello Traders, After a steep decline in the FX:SPX500 for the first 4 weeks of the new year, this market has been in a consolidation zone for the past 8 days. After further analysis, we can see an ascending triangle being formed, which is type of a consolidation zone pattern. In this pattern we have a strong resistance level and a number of higher lows...
Hello Traders, Here we have a valid bearish cypher pattern , which is coming close to the completion point. Look at the 4 hour chart, this pair is still in consolidation zone and this is where patterns tend to be highly profitable, with this bearish cypher pattern having 60% to 70% winning ratio. Targets and stops are labelled on the chart above. Please feel...
Hello Traders, Looking at FX:XAUUSD on 4 hour, we see a valid Bearish Cypher Pattern that has already been completed, with the market currently at the entry point (78.6% Fib level). We also got a measured AB=CD move BUT not a harmonic move, since we never retraced back down to the 61.8% Fib level of AB leg. It would be better to take the partial profits at...
Hello Traders, Here we got a quick trade setup on FX:NZDCAD on 15 mins chart.. The Bullish Cypher Pattern has already been completed within the consolidation zone, now just waiting for the market to retrace back to the entry point (78.6% Fib level). Stops and targets are posted on the chart above. NOTE #1: We just got our entry triggered on the retest...
Hello Traders, Today I decided to share a completely different perspective of mine on FX:GBPUSD , by using something called Time Cycles . I have been doing some good amounts of reading on this particular concept and have tried to understand as much as possible about it. Before going into more detail about Time Cycles, I just wanted to point out that I have...
Hello Traders, Here we have a measured AB=CD move that is very close to its completion point in FX:GBPNZD on the Daily time frame. Do note that the market is currently sitting very close to the Potential Reversal Zone (PRZ) which is made up of Fibonacci cluster (Fib extensions and retracement). There is no clear structure present at this potential...
Hello Traders, After doing top down analysis on FX:EURGBP , I have couple of key ideas that I would like to share with you guys. First of all we can see a clear rising channel (purple in color) formed on the 4 hour chart. Do notice the 2 false breakouts that we got in that channel. I only consider any level being broken only when we get a valid retest after the...
Hello Traders, After being involved in a nice shorting opportunity on FX:EURJPY , there are key signs of bullish reversal emerging on the 4 hour chart. The first sign is the harmonic AB=CD move completing right at the potential reversal zone (PRZ) , with several Fibonacci extension and retracement levels (Fibonacci Cluster Zone). Next sign of bullish...
Hello Traders, I’ve been watching FX:XAUUSD for about a week and been trying to find a setup for entering into the strong bearish trend, at least for the short term. Zooming out the price action chart, I was able to recognize a really well developed chart pattern which is called the descending triangle. These types of triangle are usually taken as bearish...
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Hello Traders, Here we have a valid bearish crab pattern potentially forming on FX:USDCAD daily time frame. Just by reading price action, we see this market is in strong bullish trend. Keep in mind that there are still no signs of this pair slowing down just yet. Since the pattern is on the daily time frame the stop loss will not be suitable for every one,...
Hello Traders, Feels good to be back, been quite busy for the past week with personal stuff. Alright, lets get down to business, after scrolling through all the time frames on FX:NGAS , I am only interested in taking this 2618 trade setup on the daily chart. We recently got the completion of a 2618 trade setup, with market currently sitting past our entry...
Hello Traders, This is a simple price action based long trade setup in FX:GBPJPY on daily time frame. As we can see the 184.230 level has been tested and respected by the market on several occasions (marked by blue boxes). The amount of re-tests this level has gone through signifies the importance of this level. Thus after getting today’s daily candle close...
Hello Traders, Scanning through the pairs in my watch list, I came across this valid bearish crab pattern on FX:AUDUSD which is currently 77 pips away from its completion point. I try to post the harmonic pattern setups far enough from their completion point because this will give you guys enough time to analyze the setup, as well as create a better risk to...
Hello Traders, Here we have a valid bullish flag pattern on FX:GBPUSD and currently we are just waiting for a breakout to the upside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts...