AUDJPY Possible Evening Star Bearish FormationSee notes on chart.
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- C
Caseywarning
EURJPY Waiting on PAWaiting for Price action to determine the next trade. An AB=CD formation has been created within the channel. Will look for a break upwards with a strong close to go long otherwise it will rebound to the bottom trend line of the channel.
EURNZD Waiting for Price ActionNews coming shortly, don't know if it will have an affect on this pair. I am waiting for price action to determine the trade.
US OIL - On the SidelinesAll,
I don't usually post about OIL but watching the demise of USDCAD and DXY over the past few weeks; I had to look at it. Please be careful as there are signs that strength COULD BE picking up in oil. I'll be on the sidelines until further direction is confirmed. Your comments and questions are always welcome.
AUD/JPY Shorting on TL BreakHey Mates,
Here we have a couple of harmonic possibilities, I'm short once the price breaks the blue trend line. Taking profits and watching price action at 38.2 retrace. Will update. If you take the trade make sure it's because your rules say so. GL and happy pippin!
NZDUSD AB=CD FormingMates,
NZDUSD made a pretty critical turn yeserday 6/14 and has a bearish engulfing candle going today on the daily. I entered short at the very tip, but I think it is still good. If you enter, wait for a bounce and make sure it aligns with your own trading strategy. Good luck and happy pippin!!
GBPUSD I'm Short!Mates,
Not much explanation needed. I see this going down to 1.25 area... happy pippin!
Cheers!
- C
AUD/USD Two PossibilitiesHi Mates,
Here we have two possibilities in AUDUSD... I will update as I see the price action develop. No trades will be taken until a structure completes. TPs will be posted. If you take one of the trades make sure your strategy confirms it. This is not a trading signal. Good luck and happy pippin!!
USD/CAD - WOW! This Could Really be HUGE!!!Hey Mates,
First off, I apologize for the busy chart above! In my excitement for the very important support that (looks like) will hold after the break out of the sideways channel and the AB=CD pattern sellers have taken profits - there seems to be a fresh supply of buyers.
Very important is the price that the AB=CD sellers took profits because it is significant support / resistance line in the past (as indicated by the thick grey lines). If this price holds, my opinion is that USDCAD will rise until the next resistance level.
You can see we have a possible 3 drives pattern in development, as well as a possible bearish harmonic pattern. The best part? If this price holds, both of the aforementioned patterns are supposed to sell within the same price reversal zone! Let's see how price action develops over the next few days and we will revisit this idea with a trade opportunity.
As always, if you enter a trade make sure it is because your strategy confirms it. Good luck and happy pippin!!
EUR/JPY Two Possibilities - Must Wait for Market ConformationHi Mates,
Here we have two possibilities in EURJPY... The bullish butterfly will complete at the bottom of the pink structure if price action does not reverse course at the blue box, indicating possible completion of the bearish butterfly (the grey structure). I will update as I see the price action develop. No trades will be taken until a structure completes. TPs are posted. If you take one of the trades make sure your strategy confirms it. This is not a trading signal. Good luck and happy pippin!!
