It has been awhile since I last posted in the English version of TV. Has been busy populating the chinese version as I am now currently based in China. However, due to numerous requests from my followers, I have decided to start posting in here more often now. Today's analysis is on EURUSD, where I see a potential shark pattern to buy down below at 1.1670. ...
CADCHF will complete a bullish shark around 0.73. Let's wait patiently for this area to be tested before we decide whether to go long. no reaction, no trade. EP 0.7290-0.73 SL 0.7225 TP1 0.74 TP2 0.7475
NZDUSD is retesting the PRZ of the big daily bat pattern. This is a classic type 2 reversal, it has reacted at the PRZ. Trading the daily timeframe requires good risk management, never risk more than 2% of your equity at all times. These are the levels I am monitoring. EP 0.69 SL 0.6750 TP1 0.7060 TP2 0.72 Good luck and good trading!
This is a bearish shark pattern on GBPCAD in the 4 hr timeframe. Right now we are right at the PRZ, let's be patient and wait for a close below PRZ before going short. These are the levels I am watching closely. For ENTRY: 1.75-1.7520 SL: 1.7610 TP1 1.7335 TP2 1.7221
This is a rather slow moving currency pair. Even during FOMC, it did not move much. Looking at the 4 hour trend, the bullish move since May 2018 looks intact, trend is still bullish until the key support at 0.97 is broken. Based on the rules of the bat pattern, this is how I will trade this setup. EP 0.9730 - 0.9740 SL 0.9685 TP1 0.9813 TP2 0.9857 The key is...
This week, there will be high impact Aussie news on Wednesday. I expect low volatility from Monday till Wednesday, the price AUDUSD is at before the news release is critical. AUDUSD is still on a strong downtrend on the 4 hour chart, I will be more willing to hold on to short setups if an opportunity presents itself. In this case where I will be doing a...
GBP CPI data will be announced in roughly 2 hours. This is a bearish butterfly pattern that could complete when the data is released. These are the levels you should pay attention this week if you trade GBPJPY. Wait for a reaction when the pattern completes before you go short, strongly recommend not to use a pending order to trade harmonic patterns. EP...
FOMC is this coming Thursday (Beijing Timezone). I expect USD to first strengthen against EURO to 1.17 to complete a Gartley pattern before weakening. At 1.17, lookout for candlestick reversal completion which closes above the PRZ to execute your long. Below are the levels I am watching. EP 1.1690 - 1.17 SL 1.1640 TP1 1.1750 (AD 38.2) TP2 1.1785 (AD...
Euro has been on a tumble this week. I got hit with a loss on EURUSD long early week. However I am still convinced Euro is heading higher this week as professional traders often like to buy low during a period of negative news release. Therefore I will be camping higher to short EURAUD on this deep crab pattern. A deep crab pattern is characterized by a 0.886...
I've been stationed in Shanghai since last month and will be more active posting in the China version of TV. EURUSD has been on my radar for the past few weeks. It finally fully tested the PRZ and we are ready to trade this. Over the weekend, there was news that Trump and Kim will finally meet in June. This led to speculations of their improving relationship,...
Was checking out the forex calendar and realized we have CAD news tomorrow. USOIL caught my eye on the H1 timeframe due to the completion of the Gartley pattern. A good Gartley pattern is made up of 3 significant lines at the PRZ. 1. XA 78.6 2. BC 113-161.8 3. AB=CD This setup is a little unique as the AB=CD completion exceeded the XA 78.6 level. Therefore,...
Hey guys, finally settled down in my new city. It took a long time but I am now living in Shanghai, preparing to share Harmonic patterns with the billions of people here in China. Look forward to more frequent postings as I can now fully concentrate on getting back in harmony with the markets. First up, I want to share my view on GBPUSD. Since April, GBPUSD has...
EURAUD warrants your attention guys. I have mapped out a daily TF channel which started from July 2017 and we are getting close to the bottom extreme of the channel. This is likely to be a support zone watched by many traders for them to get long. This level is also supported by a Gartley pattern which will complete nicely at the low of the channel. This...
It has been a long wait for this bearish shark to complete on EURUSD. This is a great pattern because it forms a confluence zone with the upper boundary of the ED channel. The zone to watch is between 1.2430 to 1.2450. Stops and targets are on drawn on the chart, be patient and lets profit off this pattern together.
Hey guys, this is Terry. In today's video, I will be sharing a Harmonic pattern I spotted on the daily chart as well as highlight areas to go short on the shorter term timeframe. With the trade wars heating up, my experience tells me that USD could rebound against most other currencies as it is often deemed a safe haven. I foresee the stock market correction to...
This is pound around 1.4. I have seen a bearish Gartley completed with perfect AB=CD. For this week, I will enter short at 1.4 with stops at 1.4050. Will be targeting 1.3715 as my profit target. USD has re-established an uptrend on the dxy and I see the natural move is for GBPUSD to head lower.
Hey guys, next week I will be looking closely at CADJPY. Bat pattern has completed on the daily chart and it is at the low of an ED channel. However, short term trend is still very bearish, and I advise waiting for some reversal patterns before going long. Check out my video on what I will watch out for before I go long.
USDCAD is interesting. Daily trend is still down and I am still looking for opportunities to sell. I see a bearish shark that could play out. Check out my video for the PRZ zone where you can consider executing.