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Whiteswan

AUDJPY Update: Bearish Flag And Head And Shoulders to Re-SellFundamentally: Safe Haven Currencies are likely to get bigger demand. ( Additional to the current fundamental environment, D.Trump's case is adding weight on risk appetite ) Here, I take AUDJPY pair as a sample case since AUD is the commodity-based currency. Our last short call was the breakout of 76.10. After 200 pips drop, the pair tested the broken structure and rejected. On the H1 chart, we see a bearish flag pattern and SHS pattern as described on the chart. 74.90 is the neckline of the SHS pattern and if the pattern becomes validated, we have added the structural targets of the patterns. On the upside, we see a Bearish White Swan Pattern formation which can be used as a selling opportunity, if the price fails to break down the SHS neckline and goes up. On the Daily Chart, Cycle Sniper Indicator is breaking down the 0 line and confirming bearish continuation medium term. EURJPY GBPJPY NZDJPY patterns will be posted. Good Luck.
Short
by chartreader_pro
USDCAD Bearish White Swan And Minor RetracementLet's start with a quotation: "Fibonacci posed the following question: If a pair of rabbits is placed in an enclosed area, how many rabbits will be born there if we assume that every month a pair of rabbits produces another pair, and that rabbits begin to bear young two months after their birth? This apparently innocent little question has as an answer a certain sequence of numbers, known now as the Fibonacci sequence, which has turned out to be one of the most interesting ever written down. It has been rediscovered in an astonishing variety of forms, in branches of mathematics way beyond simple arithmetic. Its method of development has led to far-reaching applications in mathematics and computer science. But even more fascinating is the surprising appearance of Fibonacci numbers, and their relative ratios, in arenas far removed from the logical structure of mathematics: in Nature and in Art, in classical theories of beauty and proportion. " So Fibonacci "theorem" can be applied to all part of the universe. In economics, it is one of the most commonly used ways of technical analysis. But, analysts, apply the ratios to the price of the instrument. I use those ratios to identify the reversal patterns. Apart from applying these ratios to price, there are other methods. I like to apply those ratios to Cycles. prnt.sc
Long
by chartreader_pro
EURUSD Update: Keep Shorting until SMA200 Trading Summary - Bearish Black Swan pattern ( 1.13800 ) has achieved its structural target at 1.12000 where Fibonacci 0.618 Fan meets SMA 100. - A fresh short trade at 1.12170 has achieved its first target 1.11680. ( M30 Chart Head & Shoulders Pattern) Technical Overview and Levels - The medium-term trend is still bullish as the EURUSD pair is trading above SMA200 ( 1.10500 ) on the H4 timeframe and EMA50 ( 1.10780 ) on the D1 timeframe. - Harmonic Overview: H1 Chart Bullish ABCD and H4 Chart Bullish Three Drives can be used as a buying opportunity ( 1.11680 MM -1/8 ) however upside looks capped by SMA 100 and EMA50 AT 1.12300 – 1.12500. - A potential retracement towards 1.12300 can be use as a selling opportunity. - Closing below 1.11600 will send the price 1.11100 ( MM -2/8) and 1.10700 EMA50 D1. - We need to see a firm closing below SMA200 ( 1.10500) to talk about medium-term trend shift – Bullish to Bearish – - Closing Below SMA200 H4: Bullish White Swan As mentioned on my DXY chart, a potential closing above 98.00 may help the trend change. Any intraday opportunity will be posted on the channel. Good Luck.
Short
by chartreader_pro