trading this countertrend as Australian employment rates drop the aussi to daily support. looking for a rejection at daily Support to complete morning star formation.
As a raw technical trader, i pride myself in trading by anticipating markets through technical analysis. here we see raw price action coming into play as we have AB=CD pattern on the 4 hour chart. this is also in confluence with monthly support. i aim to take this trade for about 4-100 pips back up if everything goes according to plan. Beware this is counter trend...
inconfluence with Trendline, to go Bullish and DXY .
As the market prepares itself for a major move as news comes out for Bank Of japan Sept. 20 Tuesday next week technicals are largely at play, we see two Gartley patterns on the 4 hour and 1 hour timeframes. i am going on the 88.6 or 78.6 after receiving confirmation and will be taking it down from C to D of the Bullish gartley. As Market conditions shift i will...
i've down my bearish analysis on USDJPY if price reverses down. but incase price breaks 104.30 we should see price head all the way up to 106, terminating @ 78.6 of the bearish Gartley.
had this marked up on the chart for a month now, in confluence with day resistance and 78.6 on the daily !
ISM manufactoring or technicals? we see a near perfect bat pattern on the DXY and a beautiful evening start pattern. Technicals take the wheel again.
Bat pattern? 88.6 ? yea.. lets go.
what can i say... 88.6 is bae... other confluences as well, shorting to fib retracements.
We have a lot of daily resistence and fibonacci line 61.8 showing us a reversal @ 138.039 going short on this one, 300 pips maybe?
Short Opp on GBPJPY Possible 250-300 pips beware that it may extend to 50% of daily, risk managment encouraged.
AUDUSD Has hit the lower trendline as well as ABCD Extension 78.6 into 1.27 for a full complete ABCD Harmonic , may trade to 141.40% before reversing so please use risk management accordingly.
of my recent false rejection @ 70.7 bat went down into 88.6 trade still open. going long from C-D leg.
Bat Pattern on GBPJPY, Daily Resistance in Confluence with 1.618 EXT and 88.6 Inside return. Potential to short if everything goes well 100-250 pips.
Taking C-D point, solid 4hr support hit with 788.6 confluence. will take up to the trend line to complete higher low
Hartley Pattern on the 1hr Time Frame. Termination at 1.27 ext & 78.6 retracement. quick 30-80 pips.