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GBP/USD Bullish Cypher Pattern A long opportunity for GBP/USD. This long trade might be risky to enter due to all the economic data yet to be released this week, so trade it with caution or wait till next week. The RvR ratio with stop/loss at ATR 1 = 3.8 and the RvR ratio with ATR 2 = 1.9 making either a profitable trade. Obviously the ATR value will change...

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EUR/CHF Bearish White Swan Pattern A bearish trade opportunity for EUR/CHF, something which is long over due as this pair has been overbought for quite some time. Now that price has reached the psychologically significant level of 1.20 - though not having closed above it - it seems likely that a correction to the downside is viable. Interestingly also, the...

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EUR/JPY Bearish Bat Pattern A long term bearish outlook for EUR/JPY. This pattern has been valid for entry since 02.02.2018. However, price found enough support at the 200 SMA to turn around to the upside. This upward move could just be a correction and form a lower high, potentially at the 134.235 level (61.8%). A safe and conservative entry would be a close...

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GBP/USD Bearish Butterfly Pattern A medium term shorting opportunity for GBP/USD. Pricehas been rejected at the 1.43455 and 1.43766 level, thus forminga double top. Yesterday's nose dive found support at the 10 SMA (Blue line), however, a look at the Stochastics indicates that this pair is currently overbought and regardless of the economic data to be...

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GBP/USD Bullish Crab Pattern A possible trend continuation for GBP/USD. Wait for price to close above 1.4217 to enter long. Trade (RvR ratio 2:1) Entry: Close above 1.4217 S/L: 1.4138 T/P 1: 1.42827 (Point B) T/P 2: 1.4314 T/P 3: 1.43766 Remember to adjust your stop/loss once in profit. Happy trading

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GBP/JPY Bullish Butterfly A possible trend continuation for the 'Dragon'. Wait for price to close above 152.464 to enter long. At the moment a possible double bottom could also still form, key is for the 152.067 level to hold. Trade (RvR ratio 2:1) Entry: Close above 152.464 S/L: 151.814 T/P 1: 152.789 (Point B) T/P 2: 153.035 T/P 3: 153.764 Remember to adjust...

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EUR/JPY Bullish Alternative Gartley Pattern This pair looks to continue a bullish bias, however, only after closing above the range at 132.436. Keep an eye on EUR/USD and USD/JPY since these pairs influence EUR/JPY; if EUR/USD goes up so does EUR/JPY whilst USD/JPY would tend to go down. I have also depicted a measured objective target by doubling the range...

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EUR/USD Bearish Alternate Crab A nice Alternate Crab pattern for EUR/USD, however, be patient before entering as the 200 SMA is still running flat causing a lot of volatility. Also, beware that later on today the FOMC will release it's minutes from their last interest rate decision which should see the usual wild volatility. Pay attention to the indicated...

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NZD/USD Bullish Cypher The bullish Cypher pattern on NZD/USD looks to continue it's charge upwards. Price already found enough support at the 0.6820 level, as well as bouncing of the 200 SMA. Also, price seems to be in the process of closing above the 50 SMA (depicted in magenta) which gives additional bullish pressure. The small(er) trade setup could be...

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GBP/USD Bullish Price Action Projection In this analysis I have used the consolidation price range from 1.19048 to 1.27747 to demonstrate future price levels after price broke out. Adding it above one another four times it reaches slightly beyond the 61.8% Fib retracement drawn from 1.71915 to 1.19048. In addition, measuring the Fibo extension from 1.19048...

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AUD/JPY Bullish Butterfly Pattern A bullish trade setup forming on AUD/JPY, it is still in the process of having to become valid by price closing above 83.069 which is the 1.270 extension of BC. Patience is required, at least until next week as we have to wait and see if price can close above 83.069 this week. Trade (RvR ratio 2:1) Entry: Close above...

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USD/CAD Bullish Crab Pattern Nice long opportunities for the week ahead on USD/CAD. Just be patient and allow price to close above 1.27826 to enter long. Keep an eye on USOIL as well as economic data released throughout the week relating to the CAD. However, I believe a close above 1.27826 is fair to assume that this pattern will work. Trade 1 (RvR ratio 2:1 or...

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GBP/JPY Bearish Shark Short opportunity on GBP/JPY. Price action is being squeezed into an ever narrowing wedge formation as indicated by the trend lines. I do believe that price will reach the 61.8% Fibo retracement above at 152.168 and will most definitely cash in stop/ loss orders sitting above 152.755. Trade (RvR ratio 1.75) Entry: At market, or close below...

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USD/CAD Multi Pattern Analysis A glance back on USD/CAD price action of exactly 3 years with 4 harmonic patterns, each still valid. The first pattern, a bullish Alternative Butterfly, was nearly invalidated last Septembre, however, it remains in play and leg X still remains a viable target. The second pattern, a bearish Gartley, is also still valid,...

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EUR/USD Bullish Butterfly Long opportunity on EUR/USD. As with all trades today, especially USD pairings, beware of NFP data which will be released later in the afternoon today and will cause the usual volatility, thus, I would recommend trading this setup next week. However, if you did choose to go long today I would recommend placing your initial stop/ loss...

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USD/CAD Bullish Crab Pattern A nice long opportunity for USD/CAD, however, beware of NFP data being published later in the afternoon today which will definitely influence this pair, therefore, this trade setup is probably best suited for next week but it gives you an idea already. Price is trading below the 200 SMA, and the 200 SMA is currently just below the...

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GBP/JPY Bullish Price Action Projection Looking at GBP/JPY I have made the following bullish price action projection. I believe price will first re-test the 154.12 level above, especially as there are probably quite a few stop/loss orders to be cashed in. If price gets rejected there, I assume it will then proceed and close the GAP from last Septembre, which...

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US Oil Bearish Butterfly Pattern After making a double top last week, price has begun to drop. I would wait until tomorrow at least to see if price closes below the 50SMA (Magenta) today for confirmation. Bear in mind that Crude Oil Inventory data is released later on in the day today, which may cause volatility as usual. Trade 1 (RvR ratio 2:1) Entry: re-test...