Deep-Peat-Shark

Deep-Peat-Shark Updated 

Long awaited, USDCAD finally found the opportunity to return to base 480 pips lower. It is expected to be quick abseil if weather permits. My apologies for being late and snooping of 70 pips before the start, It could have been a 550 pips opportunity. Credit goes to UC our good old chap always taking care of us when we can't handle the old spinster UJ. Well it...

Deep-Peat-Shark Updated 

Correlation allows you to identify special events, like this one where direction of price action heads into the same direction of two pairs in the circulair relationship are pulling the bla bla bla Stubborn USDJPY will be launched as a rocket towards EURUSD as soon EURJPY is pulling her around the bottom like it did before around 12 hours ago.

Deep-Peat-Shark Updated 

One of my favourite moments for a trade entry is when a news event causes the price briefly to move in opposite direction of the underlying trend. In this case news about North Korea willing to talk to US about giving up nuclear weapons has caused the USD to appreciate. With the underlying trend of USDJPY heading downwards, the top of the price value becomes a...

Deep-Peat-Shark

Timing is key is always true when you are looking for a trade entry. In some cases with harmonic price action it can make a huge difference. By getting in at the wrong time you may miss your opportunity or worse, shoot into the wrong direction. A Cycle Analysis can help you to choose the best entry. When smaller and larger cycles sync up and the two members of...

Deep-Peat-Shark

EURUSD went into a rally late December which continued in January as expected and hit resistance on January 25 UTC. Its strong momentum and the speed at which it was punching through each price level let one think that resistance at 1.25 would break. The first hit on January the 25th UTC was actually already a triple top on it's own, if viewed on the 5m time...

Deep-Peat-Shark

Bitcoin is showing parabolic price action that more and more is looking like a huge correction on the hyped-up value it reached near 20k. With little structure available from price action history I looked for possible support levels and I noticed there was a lot of action around 880 and that current price is moving around 8880. Is it a coincidence that number 8...

Deep-Peat-Shark

Until it reaches strong resistance it will probably follow its curved path up. Resistance is expected around 111 where a definite chance is for another drop. Don't fall for weak signals and wait for confirmation and test the trend for its strength by adding small trades each time. See previous idea for more information.

Deep-Peat-Shark Updated 

Expecting next drop of USDJPY to next major support which is around 108. Price action on short time frame is showing signs of getting near resistance and signs of consistent swelling pressure and intermittent buying pressure, a recipe for a price fall.

Deep-Peat-Shark Updated 

My predictions from November for a drop of USDJPY were delayed by roughly 4 weeks, hence I adjusted my forecast in December with 4 extra weeks. Today or early next week a big (~100p) drop is expected to signal to next period after this.

Deep-Peat-Shark

Floating markets forces are at play when currency pairs are processing big change such as a change in direction, causing harmonic price movements visible at 1m. If you zoom in too much you might get dizzy and if you are not an experienced scalper you better wait until the storm has blown over. Which pair(s) EURUSD, GBPUSD, USDJPY is/are going to change direction?

Deep-Peat-Shark Updated 

Be ready a good 30 pips in 2 hours coming up for EURUSD. After that it will very likely rocket into the sky.

Deep-Peat-Shark Updated 

Ascending pennant, bullish GBP sentiment and devaluing JPY is pushing this pair into a rally. Get ready for a lift off.

Deep-Peat-Shark Updated 

A descending pennant for USDJPY and an ascending pennant and channel for EURUSD pointing at upcoming downwards trend for USDJPY and upwards trend for EURUSD, if not this Monday then within a few days from now. Friday's buying power for USDJPY was already visibly breaking up. Regularly, a group of Cheap Charlies was buying when the price was low and subsequently...

Deep-Peat-Shark

Based on a XPTUSD idea of @mortdiggiddy, a 17k pips opportunity in 14 weeks. Is this real or I am hallucinating?

Deep-Peat-Shark Updated 

Watch for a bounce of resistance this week at 145 or next week at 147. May be depending on what is said by BOJ or BOE. I suggest to put a channel alert around both areas. Don't be to eager and wait for the stop hunt. Or if you prefer to be more safe, wait for the trend reversal.

Deep-Peat-Shark Updated 

A push through 1.03 resistance and an RBA announcement perfectly aligned.

Deep-Peat-Shark Updated 

Harmonics are vibrations modulated on top of each other. You can see price making similar movements. We had extreme example of this in the past few weeks causing high volatility. Many traders decided to step aside and watch from a sideline because it can be very difficult to estimate direction and distance of the price after it final sling price move. Looking at...

Deep-Peat-Shark Updated 

December 30 a typical stop hunt similar to earlier documented events is detected. Again at the end of the week and just before a drop is expected. The start of this event was easy to recognise because of the change of price action acceleration, speed and momentum. View the highlighted time range with 1 minute precision to best see the embedded whipsaw patterns...