Will be looking to short GBPCHF at 1.4010. Nice round number just above 1.4 and RSI already oversold. Overall bigger trrend is down. High probability setup.
EURJPY is likely to complete a deep gartley pattern at 121.88. (Factor in your spreads for entry) This is the price I am aiming for my entry hopefully by this week. I hope to see RSI hitting oversold, this is a daily shark pattern which can easily hit 61.8 retracement of the C-D leg. Potentially a 1:8 risk to reward trade setup.
Update from original post twitter.com now ck EURCAD...EURJPY in the works. EURJPY PRZ confirmed@122 now consolidating daily PRZ before larger brkout triggered!
All about the AB=CD off the top within the longer-term uptrend. Ck Daily - turning up! Harmonic support @ 0.7650
Gold completed a bearish shark pattern in mid May 2016. Price reacted to that level. 1 month later, this level is retested and broken above. Price action in the next few weeks is very important. Any further strength, we could see Gold back at 1350 or higher. Any steep drop back below 1280 could prove the validity of this pattern and we could see Gold trading...
A really bad Bearish Shark Butterfly Pattern . I would estimate neutral or bearish in position off of point "D". Probably until mid-afternoon tomorrow, Friday 04/15/16. At best, $6.90 before uptrend reversal. At worst, continues uptrend from "C" into $7.70, which would be awesome if I had the balls to go deep and buy to enter into this position. Could be another...
Scott Carney Vol 2: "The smaller ab=cd acts as an effective structural signal that validates many successful reversals. Furthermore, I believe that a Bullish 5-0 with a smaller ab=cd is a technically more significant harmonic structure than a pattern without one" (85)