jdenham24

jdenham24

The DAILY candle close was a bearish engulfing candle indicating sellers are taking control. However, we have to know any sell opportunity is temporary due to the DAILY timeframe moving averages still being bullish. With the DAILY engulfing candle, we see a crossing of the moving averages on the H4 and H1 timeframes. The short term sell opportunity targets will be...

jdenham24

On USDJPY we have a bullish moving average cross on the DAILY timeframe as well as the H4 timeframe that gives us higher timeframe correlation to be primarily looking for buy opportunities. A buy opportunity for this pair shall come on the H1 timeframe once we have a bullish moving average cross after a bounce of a key fibonacci level.

jdenham24

Here is an update for the EURUS H&S pattern; I am looking to short around the 1.19659 area which happens to line up with the 61.8 PRZ.

jdenham24

We have a Head & Shoulders pattern on H4. With a strong bearish candle close and a close below the neckline, targets will be at the -0.618 extension.

jdenham24

We have a potential double top forming on the daily timeframe and near that area we have a bearish cypher on H4. If the level 0.81000 is respected, I will be looking to go short.

jdenham24

The original bearish bat plotted on AUDJPY failed, so we have potential for the extended bearish bat to be respected as the market approaches key resistance at price 90.000

jdenham24

We have a potential Bullish Shark setup on AUDUSD if the B-Point, illustrated by the yellow box, is broken. Since we already have a downtrending structure at play on the H4 timeframe, I will be looking for a bearish cross of the moving averages on the Daily timeframe for more confirmation of the potential setup.

jdenham24

H1 Triple Top/H&S lines up with TP1 of Harmonic

jdenham24

We have a bearish bat completion on the H4 timeframe for AUDJPY, I will be looking for a break of structure on the H1 timeframe as well as a bearish crossover of the moving averages and then a retest before going short. Take profit area's will be 38.2 and 61.8.

jdenham24

We have a completed cypher pattern and a bearish close under the trend line and key institutional resistance. Will be looking to short until 38.2 and/or 61.8 Fibonacci PRZ depending on market conditions.

jdenham24

Looking to continue short for AUDUSD next week for completion of the first LH off of a 38.2 retrace down to the -0.618 extension. Their is confluence within that area as we see the week closed under 78.6 and the target from that level is the -0.272.

jdenham24

I have spotted a weekly bearish shark on EURUSD that may play out. It would be more likely to complete at the top of the zone around the 1.20000 area. As it is the most traded currency pair, it can be harder to analyze and anticipate its next move, however it has been on a long bullish run and may be approaching a time for a slight pull back before going bullish...

jdenham24

For the up coming week, I am looking for shorts with USDJPY as I am looking for it to complete the ABCD Pattern I spotted. It will remain valid as long as a bearish structure is maintained on correlating time frames.

jdenham24

We had a fib ratio cluster from the 38.2 C to D leg of the harmonic completion and then we had a swing low to swing high fib retracement of 78.6.A daily bullish engulfing on Friday for a confirmed Higher Low point on the Daily timeframe. Only looking for longs currently to match up with the weekly analysis posted days ago.

jdenham24

So far that Higher Low Point has not been broken & does not look like it will be broken yet as long as the daily candle of the Euro closes bullish. If you place a fib retracement from the recent swing low to swing high on the daily timeframe, you'll see it was stalled out at the 38.2. I also zoomed out to even higher timeframes (Weekly & Monthly) and spotted a...

jdenham24

We have a harmonic pattern cluster for USDJPY at the 117.500 area. These patterns are valid as long as the 114.500 & 115.000 area's are broken to the upside. Due to Friday's strong bullish candle, I am looking for long's on USDPY.

jdenham24

I have a bearish shark completed on EURUSD. If the HL is broken it will be valid to continue short into the 38.2 retracement area which is at a Major Quarter Point in the market. If it were to break the structure box, I would be looking for it to create a LH point in the market so it could continue down to the 61.8 and fill the gap from the weeks prior. However,...

jdenham24

I am ultimately looking for AUDUSD to break above the .77500 area. Before it does that, I see a couple bearish harmonic patterns (Bearish Bat & Crab) in the same area for a higher timeframe countertrend setup before continuing bullish. I think the Bearish Bat will play out because it is a trend continuation harmonic pattern. If the bat does not play out I will be...