Dollar Peso is developing a nice harmonic pattern on the 4 hour chart, However, the upside potential is limited. As this is a high volatility pair is importnat to manage the risk properly. I will reduce my normal risk porcentage
CADJPY is currently at resistance which could turn the pair down but aa potential harmonic pattern indicates that we should be expecting one more push higher. PRZ
The Australian dollar has been under pressure for a while now, however, Price is near major support from 2008. Even so Price pattern indicates that AUDUSD could had already started gain strengh, a Bullish Harmonic Bat pattern indicates that price should make a final push to the 0.6800 - 0.6750 PRZ.
!! Important: A break of a 0.6725 could trigger a down move to...
Base on the Shark Pattern the movement from BC should retrace between 1.13 - 1.618 of the XA movement, however, BC only retrace to 1.053 of XA.
In the other hand, we have a major support which it was establish on the 21 Aug 15 and re-tested on the 03 Jan 19, on this retest, it printed a larger PIN candle.
This makes me to believe that price is trying to find...
EURGBP seens to be in a major consolidation between 0.9150 highs and the 0.8320 lows since July 2016.
Currently, EURGBP looks to be forming two harmonic patterns. A bearish butterfly which has a PRZ between 0.8980 - 0.9050 ( I will like to see a push higher but I will not be surprice that price starts to turn around as we arein potential fib ext zone AB. If price...
NZDJPY tested the bottom set on the 3rd of January 2019 at 70.71. Now, it seens to be creating a Bullish 5-0 Pattern or Bullish 50% reversal, however, as I like to trade between Proyected Reversal Zones (PRZ). I have added the 0.618 retracement.
Potential Targets
T1 -(72.78) 100% extention of the move assuming that the bottom has been establish, otherwise,...
The 4hr EJ is developing a bearish bat pattern, I am waiting for a final push to the upside. However, I will be more conservative as the daily chart could be telling me a different story. For this reason, I will take at least 50% of my position at 38.2% retracement of CD wave and move stop to breakeven.
4hr Chart Bearish Bat
D1 Chart EJ is showing signs of a...
I have spotted a bit late this pattern, however, price was not reach the Projected Reversal Zone (PRZ). As added confirmation, we have an engulfing bullish candle. Good place to enter. set and forget.
