Mam
GBPAUD Head and Shoulders Analysis and StrategyThe pair has completed a head and shoulders pattern, as you can see here on the 1 hour chart, which has signaled a move to the downside. Price action recently broke below the neck line, which now has become resistance, and price action is now testing that resistance level. We are currently predicting price action to continue to decline. FX:GBPAUD
AUDJPY Harmonic AB=CD Pattern Analysis and StrategyWe see the formation and completion of this AB=CD harmonic pattern on the 4 hr chart. Price action has found major support at the completion of this pattern. This AB=CD pattern is a bullish pattern and signaled us to take a long position with a fixed stop at the red zone. We have also set our targets at the green zones. FX:AUDJPY
USOIL Harmonic Crab Pattern Analysis and Strategy UpdatePrice action has moved as we predicted since our last analysis. Major resistance was not broken and price action fell to start the completion of the crab pattern. We are continuing to trade the 4th leg of the pattern and our final take profit is set at the green zone. TVC:USOIL
GBPNZD Harmonic AB=CD Pattern Analysis and StrategyWe see the formation and completion of this AB=CD harmonic pattern on the 4 hr chart. Price action has also reached a major resistance zone at the completion of this pattern. The completion of this AB=CD pattern signaled us to take a short position with our take profits set on the green zones. OANDA:GBPNZD
EURAUD Harmonic AB=CD Pattern Analysis and StrategyWe also see the formation of this AB=CD harmonic pattern on the 4 hr chart. This is a pattern that still has strong upside potential which signaled us to take a long position with take profit set on the green zone. We have a neutral outlook on this pair, therefore we are trading this pattern and the previous Gartley pattern we posted as well. FX:EURAUD
USOIL Harmonic Crab Pattern Analysis and StrategyCrude oil is currently trading at a major resistance zone (red zone) and we are predicting the deep harmonic crap pattern showing on the 4 hr chart will be completed. Our strategy is to trade the 4th leg of this pattern. Price action has already reversed from the red zone giving our strategy confirmation. We have set our take profit at the green zone @ $59.50.
TVC:USOIL
GOLD 4 Hour Harmonic BAT Analysis and Strategy with Trends GOLD is currently trading a consolidation pattern going into the 4th leg of the predicted Harmonic Bat Pattern. We are looking for a break above the descending trend line or a false breakout below the ascending trend like of the symmetrical triangle pattern here. Our strategy is to trade the 4th leg of the pattern. OANDA:XAUUSD
NZDJPY Harmonic Shark Pattern Analysis and StrategyThe pair moved as predicted and completed the 4th leg of the shark pattern therefore we closed our positions in the PlutusX MAM with profit. Our current strategy on this pair is to buy it again as it retraces back to the yellow support zone. FX:NZDJPY
USDCAD Harmonic BAT Analysis and StrategyThis pair is currently trading at a major resistance zone and we are predicting the harmonic Bat Pattern will be completed. This signed us to sell the pair and our strategy is to trade the 4th leg of the pattern. Price action has already broken below the yellow trend line giving our strategy confirmation. FX:USDCAD
USOIL Daily Analysis and Strategy with FIBONACCI LevelsCrude Oil is at a crucial point with price action reaching the yellow 70.8 Fib level zone which is a major weekly resistance. Here we are looking for a pullback in price action. The prior analysis with the AB=CD harmonic pattern is also still in play as a part of the strategy. TVC:USOIL