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Hello Traders, Here we have 2 valid patterns currently formed on FX:USDJPY . The recent one that has just completed is the bullish flag pattern and the second one is the bearish bat pattern which is much further away from its completion point. So let's talk about these 2 setups in more detail and how to take advantage of them: Bullish Flag Pattern So for...

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IN SUPPORT OF THE VICTIMS INVOLVED IN THE RECENT TERROR ATTACK IN PARIS, FRANCE !!!

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Hello Traders, Here we have a valid bullish Gartley pattern along with valid harmonic AB=CD move on FX:USOIL . Both patterns are completing right at the 127.2% fib extension level. We can probably wait for an even deeper CD leg completion, in order to get better risk to reward for this setup. Stops and targets are labelled on the chart above. NOTE #1: ...

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Hello Traders, We've been getting several flag patterns lately, mostly in Aussie pairs where the base currency is Aussie. So here we have another valid bullish flag pattern on FX:AUDJPY , where we just got a huge breakout to the upside. This type of breakout was mostly due to the 2 high impact news events that came out yesterday (Nov.11.2015) @ 7:30 pm from...

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Hello Traders, Here we have a valid bullish flag pattern on FX:AUDNZD and now 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 to...

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Hello Traders, Here we have a valid bearish flag pattern on FX:GBPJPY and now we are just waiting for a breakout to the downside. 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 to...

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Hello Traders, Here we have a valid bullish bat pattern on FX:GBPAUD , which is accompanied by a bullish harmonic move that will be completing just before the bat pattern completion point. On the daily time frame, this pair has put in only a lower low BUT not a lower low lower close. So the structure has been violated on the daily which is an early...

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Hello Traders, Here we have a valid bullish flag pattern on FX:NGAS-2.30% and now we just have to wait for the breakout, probably 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...

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Hello Traders, Unfortunately I was unable to post this valid bearish cypher on FX:GBPUSD much earlier. Market has just moved about 18 pips from our cypher entry point. We could still get a possible retracement to that level, which would allow you to enter into this pretty bearish cypher pattern. The risk to reward on this setup is 1:1 for the first target...

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Hello Traders, Here we have a valid 2618 short trade setup , which is currently close to the completion point. Marking the LL's and LH's on the chart above, we see that this market is in a nice downtrend based on 60 min timeframe. Risk to reward for 2618 trade setup is 1:1 for the 1st target, with stops placed just above the swing high of the double top. After...

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Hello Trader, This short trade setup on FX:NZDCAD is simply based on current price action and the key levels that are labelled on the chart above. As we can see that after every consolidation periods (yellow lines) we got breakouts in the form of strong impulse moves (blue arrows). After being in a strong impulse move for the past 4 weeks, the buyers seems to...

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Hello Traders, Here I wanted to provide everyone with my weekly outlook on FX:EURUSD , by using simple price action and current pattern being formed. Let's begin: Simple Price Action : Looking only at raw price action we see that after a long selloff, market has gone into the consolidation phase and has been in this phase for the past 31 weeks or 8...

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Hello Traders, Here we have a valid bearish flag pattern on FX:AUDJPY and currently we are sitting close to the potential breakout to the downside. 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...

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Hello Traders, Here we have a valid 2618 trade setup on FX:GBPUSD , which is very close to the completion point (61.8% fib retracement level). First of all market was able to break and close below previous support level (previous HL) after putting in higher highs (HH) and higher lows (HL). This first break in structure is an early signal of shift in the...

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Hello Traders, Here we have a valid bearish flag pattern on FX:NGAS and now we just have to wait for the breakout, probably to the downside. 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...

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Hello Traders, Here we have two valid 2618 trade setups on FX_IDC:XAGUSD , where one of the 2618 setups reached its first target and currently we have another new 2618 trade setup that has just completed with better entry price. Notice that market is very close to the weekly trend line and that it has been successfully tested several times by the market....

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Hello Traders, Here we have two really good bearish harmonic patterns on the FX:EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern , while the other one is bearish crab pattern . We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have...

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Hello Traders, In the previous post on FX:GBPUSD , I shared the Time Cycle approach with you guys. Thus, here on FX:USOIL I have applied the same approach, using the Time Cycles to determine the most probable direction for the next coming 2 to 4 years and also when the reversal in direction is most likely to occur. I explained the concepts behind both Sine...