Has been a great week for me. Profited on EURUSD, GBPUSD and NASDAQ longs. Exited all positions and thinking to go short on pound now. Reasons are 1. DXY has reached a 1902 crab pattern completion, it is likely due for a correction (Big or small) 2. GBPUSD has completed a bearish shark pattern 3. The h1 support trendline has been violated. Therefore I might...
Did an analysis on NASDAQ too this week, looks like it is bouncing off a nice support trendline at the moment. I expect it to inch higher this week to complete this bat pattern. When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish. Short term traders can consider going...
GBPUSD looks to be continuing its ascend towards new monthly highs. A small bullish has just completed on the 15min chart with potential stretch targets around 1.2780. A big bearish deep crab will complete around this price. Short term, I will be looking for potential buys at good support. Mid to long term, I will be looking to short when the big crab...
Squared off my longs this morning, it was 10 pips away from my profit target at 1.6410 last night. Should have taken notice that exponential volume came in around 1.64. Only captured 60 pips instead of my targeted 200 pips, patiently waiting for my second stab at it probably this week. I see further correction downwards for EURAUD, towards 1.6240. At...
This is a 15 mins bullish shark pattern completing on Bitcoin. With extreme vol coming in, I expect price to rebound from here. My mid term target is 9400-9430 where it will complete a bigger bearish shark. Good luck and good trading guys!
This rebound in DXY was predicted a week ago, when I highlighted a potential bullish shark completion around 96.50.(See related idea) It went to 96.25 before rebounding yesterday. Going into next week, I am expecting DXY to continue slightly higher to test 97.15 before it resumes its fall again. At 97.15, it will complete an alt bat pattern. Stocks should...
We have a potential shark pattern completing on EURAUD. It might be doing a C-D move of the shark right now. Some interesting observation: 1. NFP was on thursday, but there was a huge vol spike on Friday 2. Hidden buyer or hidden seller? I'm expecting usd denominated pairs to go higher this week with Euro leading the pack. Stock indicies should also inch...
USD index a.k.a the DXY looks poised to weaken further. With NFP tonight, I expect good news for the stock market and further weakness in the dollar, what news it is gonna be I will not be interested. Last Saturday I did a webinar with Scott Carney, founder of Harmonic trading to talk about the markets. I went on to cover what I feel about USD denominated...
Bitcoin looks to be rebounding off the lows last week. It could complete a bearish shark around 9640-9680. Right now is just a waiting time, will consider whether to go short after price test the entire PRZ zone. If it breaks up and hits XC 1.27, there will be no trade. If it reverses with healthy volume from the PRZ, I will be going short. This current...
AUDUSD looks to be heading north, there could be some rebound in the stock market this week I guess, with falling USD. Is the FED planning a new stimulus again. My view for AUDUSD is that it should go up and complete a bearish shark pattern around 0.6960-0.6970. It will be wise to wait for patterns to complete before getting into the trade. If you are...
EURUSD had a pullback this week toward 1.1340. It has now completed a bearish bat, which signals potential continued weakness. I will look to short EURUSD when it breaks the support trendline at the close of the hourly bar. Stops has to go above XC 1.27. Targets open for now.
Same as Aussie, I am expecting one more rally for EURUSD this week before any further weakness. I see a potential bearish shark completing at around 1.1340-1.1350. We can either wait to short the shark or do a buy from C-D. The C-D move will be riskier but comes with decent R:R. For shorts after bearish shark is completed, SL has to go above XC 1.27, targets...
2 days back, I outlined my strategy for trading Aussie, I was expecting a bounce if price breaks the down-sloping trendline. it finally broke above the trendline last week and AUDUSD is now completing the C-D leg of the shark pattern. PRZ1 is around 0.7030-0.7035. PRZ2 is around 0.7060 Shark has multiple PRZs, the critical part is about when to execute the...
In this video, I talk about how to utilize volume analysis combined with harmonic patterns. I also talk about how I will trade the Audusd next week, alot depends on this critical trendline which I will talk in detail in the video. Hope you guys enjoy it, wish all of you good luck and good trading!
EURGBP completes bearish shark, signaling potential further weakness for this currency pair. Last night, I shorted EURUSD on a bearish shark too at around 1.1380. (See related ideas) Riding on a tidy profit for now and this morning I shorted EURGBP too on this shark pattern. If you intend to join me on shorting EURGBP, SL has to go above XC 1.27. Targets at...
Last week, I wrote about shorting eurusd around 1.14. I need to see a nice exponential volume happening around this area for a trend reversal to occur. It happened last night even though I am not aware of what happened. In the hourly time frame, it also completed a shark pattern, so I have shorted both eurusd and audusd today. Stops will be at the 1.27...
GBPUSD has completed an alt bat and is reversing. SL has to go above XA 1.27. Targets at AD 382 and 618.
EURAUD looks to reverse from the lows this week. Once it breaks the slanting tl, it could start a BAMM move which will complete the big bearish bat. Traders can look to buy this move and wait for the bat to complete before shorting. If you choose to short the bat, SL has to go above XA 1.27. Targets will be AD 382 and 618. Last week was a week of waiting,...