XAUUSD 1D CYPHER PATTERN CORRECTIVE STRUCTURE (Short)Since March 18 2014 FX:XAUUSD is experiencing a down trend corrective structure. It completed a Cypher Pattern lately. Although it had a little breakout on 8 Feb and 9 Feb, it went back as well.
Coincidentally, the end of Cypher Pattern and the upper of the Corrective Structure are both around 1190.
XAUUSD could breakout again to up trend or go back to down trend.
As the method of Cypher Pattern, it should decrease.
S1: 1170
S2: 1151
R1: 1215
R2: 1232
1d
USDJPY / 1D / TRADERS DON'T LIKE THIS KIND OF ANALYSISGARTLEY PATTERN
PAIR: USD/JPY
TIME-FRAME: 1D
TRADE: GARTLEY PATTERN
A lot of new traders don't like these kinds of predictions
for obvious reasons. But you would be very surprised at how
Price Action can respect these Ratios and Structure to form
Potential Pattern opportunities that come to fruition
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
EURUSD / 1D / POTENTIAL BAT PATTERNBAT PATTERN
PAIR: EUR/USD
TIME-FRAME: 1D
TRADE: BAT PATTERN
Really big Bat Pattern to keep on the
Radar for the EUR/USD
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
AUDUSD Short: Shark + Wolfe + S/R + Trend ContinuationAUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark pattern completion point with a SL above 1.272XA/Moving averages and targets at .618CD, C point, and the .886 fib retracement level.
Bearish Confluence:
Bearish shark pattern completion
2.272AB=CD
1.618BC Projection
Bearish Wolfe Wave setup
S/R Zone
200SMA Resistance
200EMA Resistance
Trend Continuation
NZDCAD LONG - POTENTIAL REVERSAL ZONEAlthough NZDCAD has not completed a technically valid Gartley pattern since the C point has exceeded its .886 conventional limit, the pair has still found support in the .786XA area. In addition to this key retracement level, there is confluence in this area between 1.272AB=CD and the 1.272 projection of BC. To add to the bullish bias, a missed monthly pivot sits about 1,000 pips above the PRZ. I like to enter at the bottom of the PRZ with a target near the missed monthly pivot for April, 2015.
GBPCAD Short: Bearish 5-0 Pattern CompleteGBPCAD has satisfied the conditions of a bearish 5-0 pattern at the 50% retracement of the CD leg. Missed monthly pivots for June and July of 2015 will likely help drag the pair down to the target area. There is tight zone of confluency around 1.978 shared by .786 XO, 1.272BC projection, and .786BC=DE, which makes for a nice area to take profit. The next level to look for on the downside would be the missed pivot for July.
AUDCAD: Bearish pennant forming on 4h chartAfter a sharp drop/ downtrend of AUDCAD a bearish pennant has formed on 4h chart.
The price is consolidating before I believe it will breakout on Monday morning and test the daily resistance from December at about 0.94. I believe this will be broken and price to continue the weekly/ monthly downtrend that is forming and looking at the current forecast for the AUD, I believe price could continue to drop to support at 0.924; a low that hasn't been reached since the Summer of 2013.
All comments are welcome as I'm fairly new to this and I only aim to improve my forex skills. Let me know what you think.