#USDJPY Short Idea (Butterfly, Harmonics, 200sma) @TradeYodha TradeYodha.com Further my analysis which resulted in very good profits: Analysis: 1. On higher time frame it is ultimately forming Head and shoulders pattern 2. 10 sma has gone past 200 sma and 50 sma showing high downward momentum 3. Price is not stretched away from 10 sma indicating the...
Price structure is clearly week and making new lows. This pattern should NOT be viewed as a down side target for Nifty .. but if price reaches point D, then it would be good risk reward setup for Longs. Price point D is also particularly attractive as it marks post election result June 2014 high and a cluster of prior resistances in that zone. For short term...
We have a potential Butterfly and Bat pattern completing at the same level. This gives us the sufficient confluence points to short the market should price completes the patterns. I would love to hear your opinion, feel free to comment, agree or disagree....
GBPAUD is in a bullish trend in an ascending channel and it looks like we have the potential for 2 different bat patterns or a butterfly. If the bullish bat (in black behind the blue butterfly) completes, we're looking at entry around the 1.8930s. The next level of support below the impulse leg (XA) is right around 1.8700 so we might see the market test that...
Advanced pattern setups on Finex. We can see the pattern is forming within what appears to be a rising wedge formation. The rising wedge is a counter intuitive pattern which typically breaks in the opposite direction of the short term channel. The thesis here, is that once/ if we complete our Gartley at 'D' (about $233-4) we would watch for a break of the wedge....
As Facebook made new highs, I've noticed a bearish Butterfly forming in the daily chart. The setup was sent to the Elite Zone members last week and today, the stock reached the first target zone. Next target levels are 80$ and 78$ but for now, the stock is at support zone - Could rally or create a little pullback from here
a butterfly pattern completed at daily structure. nice place to look for a small upward move.
The $AUDCAD harmonics I mentioned in this week's analysis reached secondary target level. Now, the weekly setup suggests looking for bullish opportunities.
3 potential patterns here on the German Dax Index. Instead of writing a big paragraph explaining it. Attached is a link to a video with my thoughts. www.youtube.com
Short EUR/USD off of 1-hr. chart. Bearish Butterfly pattern completed between 1.272XA & 1.618XA levels. Evening Star candlestick pattern (with Shooting Star as the middle candle) completed on Friday afternoon. EUR/USD has been in a sustained downtrend for awhile now. The trend will reverse at some point of course but we have to trade these Bearish patterns...
@TradeYodha (TradeYodha.com) #NZDUSD Possible Butterfly Pattern 1. Butterfly Pattern 2. Previous structure retest 3. 200SMA is close to the zone 4. Daily Time Frame has 10SMA in the zone Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a thumsup if it makes sense.
#NZDUSD Bat Pattern and Butterfly patterns give us 2 zones 1. Bat Pattern and Butterfly patterns give us 2 zones 2. Previous structure retest 3. Round number 0.72000 in the lower zone 4. The lower zone has been a support on Daily Time frame too 5. All SMAs are lagging on higher time frame too. They might attract the price back up Wait for confirmation in the...
As we progress this week the EURCHF is literally side ways giving pattern traders the upper hand. If the market continues lower, we could look to buy the EURCHF back into support structure at 1.0615 which lines up with the bull butterfly. Slightly above we have an AB=CD harmonic move which further gives me confidence about the direction of the market. However if...
I've spotted two potential bearish patterns completions which lines up with the beginning of the major resistance zone of 122.93 - 126.87. At the rate of 123.54 completes a bearish butterfly pattern. At the rate of 122.99 completes a deep crab pattern. These two patterns in conjunction with the major resistance zone gives me a PRZ of 62 pips to keep an eye on.
This is a potential bearish butterfly pattern on USDJPY as price is in consolidation on the Daily Chart. Of course this trade wouldn't be of any interest to me if there was no resistance zone. This is because since trading is a business of probabilities, I want to know where the sellers are so I can get involved. Now a list of what this trade has to offer in...
Multiple potential advanced patterns setting up on the USDJPY all around the same area. We've yet to break out of this consolidation, but if we do before Friday's Jobs number, we have a good location to look for our next short. Before I get a million nasty messages no, I don't think dollar weakness and Yen strength long term, but that's what makes me a "Trader"...
I don't often go to the 1hr time frame, but I'm hunting around for a better long entry on a retracement. This is just something to keep on the radar for the time being. A move above 'C' will invalidate this pattern, and really both 'C' and 'B' are ever so slightly not "perfect" (see below). On the whole this looks to be a well formed pattern. This would be a long...