Teuwie1

Teuwie1

OANDA:GBPAUD shows a bearish harmonic on H4 and D1 chart. The harmonic is valid until 2.03127. GBPAUD entered a supply zone as well. Before entering short, I like to see the price under the 10 SMA on the hourly chart, with a stop above the previous high. Target 1.9945-50

Teuwie1

The OANDA:XAUUSD must close below 10 SMA before taking shorts. The bearish harmonic is valid until $2988. Final Target $2727

Teuwie1

The NZDUSD shows a bearish harmonic on the daily chart. The pattern is valid up to 0.62613, above which the stop-loss—target is 0.59843. The weekly range high was reached yesterday.

Teuwie1

The NZDCAD has reached a supply zone, as the daily chart shows. The pattern is valid until 0.84630, above which is the stop-loss. The target is 0.82428. The weekly range high was reached yesterday and today.

Teuwie1

Entry is valid from 0.83492 until 0.83864, stop 0.84300, target 0.82005. I took the first entry at 0.83250, with a stop at 0.83750.

Teuwie1

USDCHF is close to entering a supply zone and forming a bearish harmonic pattern.

Teuwie1

USDJPY is approaching a supply zone on the weekly chart @ 117.47 until 118.671. The monthly rage high is @ 117.687 (around this area looking for shorts) I am waiting until this level is reached and want to see a move down first. After a retest of the high, I'll short it. The target will be 115.805

Teuwie1

$EURCHF is running out of steam and is close to a correction to the upside. Long entries are valid until 1.02994, stops below with an intraday target of 1.04371. I like to see the price moving up first and enter on a retracement.

Teuwie1 Updated 

Awaiting for a pullback to the 1.03690-1.03914 area to go long with stops below the 1.03255. Target will be 1.06963

Teuwie1

Entry until 1.68255, stop below that. Target 1.70117. Wait for confirmation first; first, bounce up and go long after a retest into the supply zone.

Teuwie1

Fiber should retrace to either the first or second demand zones. Once the price reaches the first, we need to see how the price behaves and wait for confirmation. If it breaks, the price should go to the second demand zone where it should be bottomed out. Excellent risk/reward ratio.

Teuwie1 Updated 

EURJPY is close to entering a supply zone. The average daily and monthly range high is around 132.650, this should limit further upside for the rest of the month. A bearish harmonic formed, which should correct at least to the former resistance (break-out) line. First target 132.00, then I expect to consume the bullish spike on the 3rd of Feb.

Teuwie1

$AUCHF is approaching a supply zone and a bearish harmonic pattern formed. Waiting for the pair to enter the zone, go down and enter on a retest. The target will be 0.65821

Teuwie1

Aussie is approaching a supply zone on H1. The pair formed a bearish harmonic pattern and the ADR is at 0.72022, the weekly range comes in at 0.72149. I like to see it entering the zone, moving down first and selling on a retest.

Teuwie1

EURCAD is approaching a supply zone on the H4 Chart and a bearish Bat has formed. ADR is at 1.461700 where the price should go down. Target is the Fib 50% level, with the first exit on the 38.2% level. The safest way to play this is to wait for the correction and short it when it retraces back into the supply zone.

Teuwie1

The price has reached a supply zone and exceeded the weekly range high. A bearish harmonic bat pasttern has formed on the hourly chart and we should expect a correct short term.

Teuwie1

Longs are valid until 0.89719, stops below that price. I am long at 0.90104 with a target of 0.91071.

Teuwie1

The loonie had reached its weekly range low at 1.25042 and formed a bullish Butterfly pattern. The price might move up from here or decline a bit more until it finds support near the 1.24083 area. It should retest where it broke out to the downside yesterday, with a target of 1.26202.