Hey guys, just an update on CHFJPY. I am watching this bearish shark short just above Oct high around 106.70- 107.80. This is not the best kind of setup as I could not draw any ED channel on it. However, I am predicting a false breakout on this pair where I can short with confidence. These are the criterias I will monitor before entry 1. RSI divergence 2....
Hey traders, we have an opportunity to short GBPUSD next week. On H4 , we are shorting near the extreme high of the ED channel. On H1, we see a bearish shark completion around that level. Also, we the level I am looking to short just happens to be at last week's high. With all these factors in place, I want to monitor the zone between 1.2260 - 1.2270 for a...
Hey guys, I see a nice trending harmonic pattern on EURAUD. A bearish shark will complete just above 1.46. The PRZ zone is between 1.46 - 1.4615. At this zone I will monitor for 2 conditions before entering my short. 1. RSI divergence 2. Candlestick reversal at PRZ Do not use a pending order. Good weekend guys!
Hey traders, I am interested to short AUDUSD around $0.77 -$0.7710. I will monitor candlestick reversal as well as RSI divergence before confirming my entry. Will keep you guys posted of my levels. No pending orders as usual!
Hey guys, I seldom trade oil, but I do see a good setup coming up on it. Oil is trending up. It is close to the extreme low of the ED channel. I see a potential HNS completing in H1. This will be the levels I am watching. EP: 50.35 SL: 49.60 (75) TP: 52.40 (205) Again, I hope to see some reaction at my entry zone before I enter. Do not use limit orders....
Hey guys, am watching CADCHF closely for the next few hours. I see a bearish shark completing at the extreme of a daily down-sloping ED channel. This is a perfect setup for me. Next, I will monitor some form of RSI divergence upon retest/rejection of 0.7570-0.76 before executing my short. Trade will be invalidated if price just break above this zone...
Hey guys, I am watching CHFJPY. 105.57- 105.62 is the zone I will be interested to go short on a bearish shark pattern. I will monitor RSI for divergence/overbought before I execute my short. EP: 105.57 SL: 105.90 (33) TP: 104.40 (117) Potentially a 1:3 risk to reward trade. Will notify when I go in. Do not use a pending order!
Hey guys, just took profit on the EURJPY short we took last week. +110 pips! The new few hours/days, I will be monitoring this pair for a chance to reshort it around 115.40 on a gartley pattern. Will wait for some sort of RSI divergence and candlestick reversal before I execute my short. Thanks for following me, may the pips be with you! EP: 115.40 SL: 115.90...
Hey guys, just gone long on USDJPY at 103.65. SL 103.30(35) TP 104.40 (75) Bullish shark completion that aligns with the bigger trend. Tight stops and profits.
Hey guys, I am watching AUDUSD. If it comes back to 0.7580, I will be shorting to ride the trend. EP: 0.7580 SL: 0.7610 (30) TP: 0.7505 (75) Take harmonic trades aligned with the higher TF trend, it will definitely increase your winning %. Will update when I get in.
Hey traders, just sharing some experience I have trading harmonic patterns for 6 years now. This is a example of a trade setup that I will not take. We see a nice bat pattern completing around 1.10. 1. Nice round number 2. Great pattern But no thanks! I have learnt that taking trades only at the extremes of a H4 parallel channel increases my winning %...
Hey guys, for the next few trading days, I will be looking to buy EURNZD off the channel lows and ABCD completion. This is off the H4 chart and I will be looking to buy once price stabilizes around 1.53. SL will be at 1.52 and TP will go off the 113 extension of the impulse leg at 1.56.
Hey guys, this is my gameplan for EURUSD for next week. Price has been respecting this downward sloping channel on the daily chart. I will look to sell once this ABCD pattern completes at the top of the channel. THIS IS NOT A PENDING ORDER, I have to see some form of 1. Candlestick reversal 2. RSI divergence before I will execute my short. SL and targets...
Hey guys, am currently watching AUDJPY. I am interested to go short on this pair. It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel. EP: 78.70 SL: 79.40 (70) TP: 76.50 (220) If you are already took position on EURJPY idea posted early week, I suggest to keep this position to half your normal risk exposure....
Hey guys, I have just entered long on EURCAD off a H4 channel low. Using a tight stop, I hope to ride the trend on this pair to 1.49. EP: 1.4650 SL: 1.4580 (70) TP: 1.49 (250) Will keep you guys posted on my position.
Hey guys, we have a great setup coming on EURJPY. Bat pattern to short at high of channel top. EP: 115.60 - 65 SL: 116.50 (90) TP: 112.90 (270) Will be monitoring RSI divergence candlestick reversal patterns for signals before entry. Harmonic trading success rate becomes much higher when you combine it with a simple ED channel.
Hey guys, this analysis is done upon request from some of you. I will highly suggest not trading the pound for the next few weeks. No clear direction unless I zoom all the way out on the weekly chart. This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge! Just sharing my view. If the pound does a fierce deadcat...
Hey guys, I am eyeing a very high probability setup coming up on USDCAD next week. This is a good setup because 1. It has a deep gartley setting up at 1.3240 2. ABCD completion 3. We are selling off the H4 channel top Will monitor RSI for dvergence/OB before execution. Plan, execute and follow through for all these trades. EP: 1.3240 SL: 1.3290 (50) TP: 1.3050 (190)