Hey Traders, As we can see, BTCUSD is currently trading on a range. After making an impulsive move to the upside, it retraced to the center of the range which matches with the 0.786 level of the Fibonaci anchored from the last low to high. Currently price rejected multiple candles on the marked area which could indicate a possible new higher low being created in...
Hello traders, The pair CHFHKD is near completion of a Gartley pattern with an abcd that goes a higher than the projected .786 measured level. Keep an eye on this pair or monitor its inverse pair which is USDCHF for a possible opportunity on your preferred pair.
Hello traders, The pair EURCHF seems to have completed testing all measurements for a 30 min bullish .618 ABCD. The opportunity presented could provide a 1/2.5 risk to reward trade. Follow your own criteria if you would like to enter this trade.
Hello Traders, The pair EURJPY is near the completion zone of what it looks to be a .786 bearish ABCD. When price reaches the targeted zone we could start looking at the smaller timeframe in order to determine if price behavior gives us a sign to open short positions on this pair.
Hello traders, The pair CADJPY is at point be of what could possibly be a 0.786 Gartley formation with proper ABCD measurement. When price reaches the targeted area we then can start looking at smaller timeframes for possible entries.
Hello Traders, AUDNZD is currently forming what it looks to be a bearish bat pattern. The pattern contains a great amount of candlesticks therefore it could take a very long time for it to reach profit targets. If you are a swing trader then this pattern could provide a very good short opportunity as long as price completes the pattern and provides a valid short...
Hello Traders, The pair GBPCHF is currently at near completion of a bear cypher pattern. The problem with this pattern is that it is out of the Fibonacci time zone therefore the pattern must become invalid when it reaches the targeted level. Price action analysis upon completion is a must if one wants to enter this trade. Good luck.
Hello Traders, The pair CHFJPY is currently forming what it looks to be a bearish 2.00 ABCD. Upon completion of the pattern, we could go to the smaller timeframes and look at price action to see if it provides an opportunity to open short positions.
Hello traders, in the charts I marked a possible bearish .886 AB=CD harmonic Gartley formation on the AUDUSD pair, expected to complete on or before February 17. Price must test the levels after crossing the 0.382 Fibonacci time zone in order for the pattern to be valid.
Hello traders, The pair SGDJPY is near completion of the measured ABCD level. When price reaches the targeted zone, we could go to the lower timeframes and see if price gives us a reason to open short positions.
Hello traders, The US5Y T-note is in process of forming what it looks a 1.27 Reciprocal ABCD with ending price level at or around 0.786. When price reaches the targeted zone we could start looking at the smaller timeframe for possible entries.
Hello traders, The US10Y T-note completed and currently testing the measured level for the bullish .50 ABCD. We could start looking at smaller timeframes for possible candlestick reversal patterns in order to enter a possible reversal move.
Hello traders, AUDJPY is currently forming a bearish shark formation on the 4hr chart. When price reaches the marked level, you could go down to the 1hr timeframe and look at price behavior to see if it provides a valid entry for short opportunities. 1 to 3 risk to reward for swing traders although stop loss could be reduced for those that like to get more...
Hello traders, USDCZK is currently presenting a type 2 bullish reciprocal ABCD pattern with divergence forming on the RSI in the oversold area. First target is the previous high formed by price and if price continues then second target for profits is the completion of the move at the 1.27 Fibonacci extension. 1:3 risk to reward trade for swing traders although...