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GBPUSD is currently on a downtrend and I believe there’s still some room for a correction before price continues further with the downtrend. Price is currently consolidating, picking up liquidity as it uses specific structures to bounce off and on while triggering pending orders at a loss and triggering stops. I’ve also spotted a potential harmonic pattern that...

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Will GBPUSD continue to rally up or is this the turning point? Let's find out

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Here it is, after a long couple of weeks, GBPUSD has finally gone bearish. This is a long shot, but this particular area could serve as the next potential reversal point. Along the way there could be some setups that can support price using this area to rally up, at least to the LQP. The 38.2 take profit is near the LQP so there's some level of interest in case...

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The setup to short GBPUSD. After 3 pushes, the market could come crashing down

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We’re coming up towards the end of the final push, push 3. Looking back at the H4 timeframe, there is a Shark Pattern near completion. The D point of this Shark Pattern aligns with the long term resistance as well as a psychological whole number 1.24. There are other methods that also support the theory that price may reach the 1.24. The ab=cd pattern suggests...

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GBPUSD, what happens when I give you some time to do it's thing

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Here we are. I’m amazed that price went on from 1.20 to 1.25, such impressive movements from GBPUSD. I believe it’s now reached the point of exhaustion, the turning point to the heavy assault by the bulls. Here is an ab=cd pattern which has a potential reversal zone. This is the area where I believe price will reverse, however, I’m waiting for a confirmation...

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We’re coming up towards the end of the final push, push 3. Looking back at the H4 timeframe, there is a Shark Pattern near completion. The D point of this Shark Pattern aligns with the long term resistance as well as a psychological whole number 1.24. There are other methods that also support the theory that price may reach the 1.24. The ab=cd pattern suggests...

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Upon completing the second push, price pulls back. However, within this pullback, I spot an M formation forming on the H4 timeframe. This formation could be used as a correction since price was only rallying since push 2. This correction can serve as preparation for the final push, push 3. Since the trend is at push 2, this opens up possibilities to counter-trade....

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On my previous AUDJPY analysis, unfortunately I got wicked out, however, I remained patient and another setup arise. This bullish Bat indicates price has reached a significant turning point from the pullback it's done since price can't go one direction forever and needs to breathe. Internal strength on a lower time frame has also confirmed this a significant...

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Good progress from the BAMM, a clean straight move past the midpoint. I wait to see how price reacts to the PRZ in the next couple of days and weeks.

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For the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now...

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*DISCLAIMER* THIS IS FOR EDUCATIONAL PURPOSES AND I WILL NOT BE TAKING THIS TRADE. WHAT YOU DO WITH THIS INFORMATION IS ENTIRELY AT YOUR OWN RISK AND I AM NOT LIABLE. EURUSD has been on a prolonged bearish market on the weekly time frame, along the way it had some bullish corrections as the market cannot go in one direction for ever. I believe we're at the stage...

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I see a nice Bat pattern with a tight C point, now price can drop again and give me a better C point retracement but it broke structure to the high. What's important is the 88.6 lines up with the price imbalance where price has shifted away, which is a very big clue where price can potential reverse. Include this with my higher timeframe bias and let's see the...

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After a long period of consolidation, GU has finally dropped. 4 hits to the high, the fourth hit being lower than the 3rd. I aspect some level of correction from the market to head towards the 61.8. I believe the MM would like to collect some money off any short sellers still holding and trick traders that it's going long, just for them to drop back down again....

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Bearish AB=CD on EURAUD on the 1 hour timeframe, let's see how this plays out. Live testing.

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This pair has been held captive by the bears, plummeting the currency value since early 2021. A bullish ab=cd is in midst of the bears target. Will the bears be triumphed by their rivals the Bulls, or will they take a breather before devouring any Bulls along their way?

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I start off identifying AUDJPY is on a prolonged uptrend both on the weekly and daily and has reached an equilibrium state. From this equilibrium state I have identified two possible scenarios, this is scenario one. I expect price action to come back to the low, one last time and start forming a series of higher highs and higher lows until it reaches the...