EURCAD bearish Gartley filled in the first target. Now a Bull Cypher is completing on a major structure. It gives us a signal to go long. At the second target profit (61.8 Fib level) a 2618 setup will be formed considering the previous Dobule top. So it looks like this is a cross to have in our radar ! Be patient and good trading !
AUDNZD is using a strong major support (look the Weekly chart) and it has created a bearish Gartley plus a Double Top. I'd wait for some retracement on the previous structure (the double top) in order to have a better risk/reward ratio. But this setup is really interesting. Good luck with your trading !
AUDUSD is completing the CD leg of a Bat pattern with a very good risk/reward. We have to wait right now .... Be patient and good trading !
GBPCAD has created a Double Top with a good RSI divergency, It's using a strong structure on the daily chart (look left) and there is an opportunity to go short and make some profit. First target is at the low minor structure but we might consider lower structure. Be patient and good trading !
Two signals that suggest to go short: - a Bear Gartley - a Double Top Follow your rules, have a look at the Risk/reward ratio and pay attention to the previous higher structure on the left. Good luck with this trade !
EURJPY has tried to break a structure but it became a support instead. Now it has created a double top and that might be a good opportunity to go short and point to the lower structure below (look left on daily chart). Be patient and wait for a good entry.
The Gartley pattern has reached the profits and now we can wait for a 2618 formation after a double top to go short again. Be patient and good trade !
EURAUD has been in a bullish momentum since the beginning of 2015. The price is now using a strong support (you can better see on Daily chart) and it has created a Double Top. After a decline the price is about to retest the support. If the support is invalidated we should see a long opportunity until the next structure, otherwise a short trade could be...
GBPNZD is overbought on the Daily and Weekly. Moreover a Double top has completed on a strong major structure that works as support. If you're prudent you can wait for a 2618 setup before enter the trade and short !
Several signals are forming on AUDCAD: - A potential breakout on a triangle - a bullish Gartley pattern Let's wait to look for a good reason to entry !
There's a Gartley formation on GBPUSD. It's interesting because there is a major structure around 1.5900 that makes the risk/reward great.
EURGBP is moving in a very harmonic way. It has created a lot of patterns: Cypher, Bat, Gartley ... We'll see next week how to take advantage of them :) Have a nice weekend!
Several harmonic patterns are about to complete on EURGBP: - 2 Cypher pattern, one bearish and one bullish - a bearish Bat pattern Good Trades ! PS: I'm in the trade on the deep Bat completed yesterday so I won't trade these ones.
NZDUSD is in a bearish trend but we could see some bullish rotation in the short period. There are some minor and major structure that the kiwi could retest with some opportunity to enter into the market (using a lower timeframe). I'd not be aggressive and I'll see what will happen in the next days instead.
USDJPY gives a strucutre-based opportunity. The market has been consolidated and came down after the FOMC news. A Double Bottom has been created and there's the possibility to a rally up to a deep Bat pattern. The cross has created a good opportunity to go long with a risk/reward ratio of 4
Yesterday's news has impacted strongly on the cable. The deep Bat pattern has been broken and we're now in a bullish momentum. The cross is moving quickly and it has created harmonic leg. It's going toward a structure you can see on the Daily timeframe. We could then see a retracement on the previous structure low, using the structure as a resistance, or we...
The kiwi is a bearish trend and the cross is creating new structure low. A Double Top has been formed and then followed by a new structure low. I expect to see a retracement on the previous structure before continuing the bearish trend. We could also see a retracement on the 61.8 Fib level. Let's see ! Good trade !
USDCAD is using a strong structure as support and this morning has formed a Double Bottom. We could see a consolidation waiting for the upcoming news on the USD this afternoon and then the market should take a direction. Look left when you set your stop loss because there is a structure to consider (change to H4 timeframe) If you want to be prudent you could...