JamesKabyemela

JamesKabyemela

Bearish Leonardo, one of the newest harmonic patterns. Its parameters are (78.6,50,50,200) respectively. This pattern indicates a likelihood of a correction. In another words, it indicates a possible retracement at 78.6 fibonacci level. The market has been struggling to cross the R1 and if you take a look at hourly chart the market has formed a new low, so I...

JamesKabyemela

Another dragon bull has formed together with the bullish max butterfly pattern. Take note that there are several different types of butterfly pattern and they all work at given conditions and at certain parameters. This chart has been thoroughly analysed and I am confident to say that it should be time for the market to come back and retest the broken support. The...

JamesKabyemela

This week has been an hectic week for me. I have had poor judgement on the market. I was blind enough to not see the clear pattern that indicated the weakness of the US dollar. The unemployment claim was a blow, I didn't really see that coming. It was expected to be strong but you cant really rely on expectation so lesson learnt on that agenda. Let me get...

JamesKabyemela

This is a simple and clear analysis, Normally once the range is broken we expect the market to be moved on either side in three major moves before it decides to look for another direction. If you have come across the Eliiot wave principle will understand. For those who have no knowledge about feel free to research about it. Another market that is telling me that...

JamesKabyemela

Another odd and rare pattern has formed on my chart. This is patterns goes by the name of Bearish total pattern with parameters of 88.6, 61.8, 161.8 & 127.2 respectively. It's telling us that the us dollar could be strong today. There will be news events at 1.30pm gmt daylight. We should expect good news on dollar currency to compliment our pattern. Also we have...

JamesKabyemela

For a steady growth, the market has to comply with certain rules of nature. Like every other type of growth, Fibonacci measurements do play a big role as well as in the markets. As illustrated on my graph, there is a likelihood of abcd bearish pattern to be formed. On my previous post, there was a correction pattern that was formed(max bullish butterfly pattern)...

JamesKabyemela

Another pattern called the Bullish Max Butterfly. This is an alternative to butterfly pattern. It only measures the possibility of a short term correction. Take note that this is not a reversal pattern. The full butterfly pattern is the reversal one. So the general trend remains to be bearish. Today I came across a Technician's idea. It really made sense that the...

JamesKabyemela

Yesterday morning I posted an idea concerning the bullish shark pattern and there was few errors on the pattern. I didn't thoroughly calculated the parameters which are really important for the accuracy of the pattern. Normally a shark pattern has to comply certain measurements for it to be valid. These parameters are 113,161.8, 88.6, and 224% respectively. The...

JamesKabyemela

The dragon bull, one of my favorite patterns. This pattern is rare, comes into work once in a while. I introduced it to the TV last week when it formed on USDCHF and worked out well like a champ. Especially when other indicator agrees with it, for instance as illustrated on my graph, MACD divergence has crossed towards north and about to go above the zero level;...

JamesKabyemela

Bullish black swan and bullish shark are converging, likelihood of 5-0 pattern to form later on today right before the USD news events. Normally after bullish shark pattern forms there's a possibility that the 5-0 pattern will come afterwards. The odds for upcoming 5-0 pattern are complimented by the fact that this week the US dollar has been weak against every...

JamesKabyemela

Today there's major news events which we are expecting to compliment the Canadian dollar. As illustrated from my chart, I will expect a fakey break out towards north or in another word a market manipulation before deciding to bearish. As always sell at highs and buy at lows, The market here has been pushed up by the smart money since they expect good news on...

JamesKabyemela

Really didn't expect this rally down last week. It should be time for EURO to redeem itself. We really don't know when until the patterns are fully formed. I have two anticipated pattern drawn on my chart; Bullish bat pattern and Navarro 200. With strong Fibonacci alignments of 88.6,127.2,-61.8 &1.618, the market should turn to the bulls side when approaching...

JamesKabyemela

This is a little correction from my previous post. I anticipated the pattern but it wasn't fully measured. The proper measurements for this pattern are Bullish Butterfly . The RSI is oversold too. The odds are high for this market to redeem itself. The US session is about to open, let's see whats gonna happen. for those who went long like I did during the...

JamesKabyemela

Manufacturing production m/m will be announced in few minutes. I am expecting it to compliment this butterfly pattern. It is unclear whether the market will continue to go bearish as it is in demand and supply zone(area). We are expecting a retracement untill next week. it is time for bears to take profit since it is the end of the week also. As always keep an...

JamesKabyemela

According to the Forex calendar, we are expecting FOMC meeting minutes today at 19:00 GMT daylight. This news event hopefully will move the market to confirm our AB=CD pattern. The bulls are waiting with eager to get in the market while the bears are ready to take their profit and go home. As illustrated on the graph, I am anticipating the market to come and...

JamesKabyemela

I never really trade this market often, normally because fear and greed runs it. I have had a bad history with this market it scares me for some reason. However time to time i stop by and analyse it. It does give out some nice set ups . Enough of that, lets get technical now. Well, we all know that the market moves in waves. The most classic and popular law of...

JamesKabyemela

Just the title of the pattern explains enough. This is one of the geometric pattern, pretty complex but it has been working fine for me these past days. It looks more perfect when incorporated with the MACD divergence. I have come down into a conclusion that the market will be going long. The bears will be looking for support around 0.96814 Note: Fundamental...

JamesKabyemela

This is all technical analysis. This is a new and rarely used pattern goes by the name of Total Bullish. I encountered it from a Russian forum. The pattern has got its unique measurements of . I am expecting the bulls to loose their control at level 0.77328 which will be our take profit. My entry level was the blue coded line (0.757780) Stop loss...