Check out NZDCHF bull Gartley eyeing completion around X. Be cautious on the momentum though, good luck trading :) Have a nice weekends!
Friday, 22 November 2013
Thursday, 21 November 2013
USDCAD bearish Gartley at classic R
A bearish Gartley within a bearish Gartley, price is bumping the PRZ with strong momentum, enter gently on this, good luck!
Gold dropping to a Gartley entry
Gold price may be coming into a bullish Gartley entry at round number USD1200, stay tuned. Good luck trading.
USDJPY Bearish setup one after another
USDJPY has been trading strongly upwards in the past 1 month, price kept pushing higher and pierced through the PRZ of several bearish patterns, leaving harmonics traders with a bit of frustration.
However the price is still below the x of a bigger bearish Bat and Cypher (which means the patterns are still valid), there is a small bearish Butterfly coming, aggressive traders might want to take an entry near the entrance of Butterfly PRZ otherwise 100.8 would be a safer entry. I do not normally trade Butterfly but doesnt mean you don't :) Good luck trading out there.
However the price is still below the x of a bigger bearish Bat and Cypher (which means the patterns are still valid), there is a small bearish Butterfly coming, aggressive traders might want to take an entry near the entrance of Butterfly PRZ otherwise 100.8 would be a safer entry. I do not normally trade Butterfly but doesnt mean you don't :) Good luck trading out there.
Short opportunies for GBP against the yield currencies
As of now, the price is testing x for GBPNZD bearish Gartley and 88.6 Fibo level of GBPAUD bearish Cypher, if the current candle doesnt break the level we might have some nice setups here. On top of that NZDUSD also has a bullish Bat. Take care.
Updated: x held its ground for now, might be worth a shot as the current R:R is quite good.
Wednesday, 20 November 2013
GBPAUD - for those who trades 2618
A classic 2618 pattern is currently happening on GBPAUD daily, the pattern is not tiny (so does the stoploss), just be extra cautious with the movement of GBPAUD, this beast can run around and tearing stoplosses apart if you are standing too closely. Watch entry around the 1.714-1.718 zone and good luck on your trading.
AUDCHF has a small bull bat at trendline support
A juvenile bearish Bat on USDCAD forming in the PRZ of a mother bearish Bat/Gartley pattern
For those who missed the earlier entry for a Gartley/Bat double pattern, a small bearish bat spotted with entry around 1.0504-1.0508. Do have a look. Good luck trading.
Monday, 18 November 2013
GBPCHF, NZDUSD and NZDCHF patterns
Following my post on NZDCHF
http://fxcology.blogspot.sg/2013/11/swissie-has-been-strong-so-far.html
There are some confluences of patterns in the correlated pairs GBPCHF and NZDUSD as well. Am watching closely to the NZDCHF level mentioned earlier.
http://fxcology.blogspot.sg/2013/11/swissie-has-been-strong-so-far.html
There are some confluences of patterns in the correlated pairs GBPCHF and NZDUSD as well. Am watching closely to the NZDCHF level mentioned earlier.
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