SHORT on $USDJPY OpportunityWe have pattern setting up, we will look for a short if the price goes to our previous resistance
Harmonicmoves
LONG on $NZDUSD OpportunityAs we can see, we have some serious resistance who will be our target, also we have a pattern, and, on the top of that, the price is just above a support
BULLISH CYPHER - KIWI/DOLLAR#HARMONICS
#FIBONACCI
#STRUCTURE
#PRICEACTION
#EXHAUSTION
#AVERAGES
#PRESSURE
AUD/USD - "BULLISH GARTLEY PATTERN"Taking a short now with tight stops.
Going long if price actions shows bullish direction after hitting my support zone.
BAT COMPLETED EURUSDA Bat pattern formation on 30 minutes chart!
i'm already long from 1.12428
hope you wil appreciate it
Potential Bear SharkPotential Bear Shark.
Looking for target to hit at most 1.618 extension of BC leg. But might also hit between .886-1 of XA leg.
AUDCAD Short IdeaThere's a lot of stuff going on but I'm eyeing a short OP on the AUDCAD for several reasons.
The main key is confluences of harmonic movement.
We can see in bright blue a potential ABCD short at the 1.27/1.382 movement.
There is also another green ABCD short opp at 1.27/1.382 movement.
Green 1.27 and Blue 1.382 meets confluence.
Both ABCD has perfect 61.8 retracements.
That that level we also see previous structure resistance from about a month ago - red dashes.
You can also see downtrend swings with 3 equal harmonic movement. if it decides to reverse, then we might see another red harmonic movement as indicated on the ride side of screen.
My stop is .5% from green 1.382 levels. If i'm wrong, I'm wrong. R/R level I didn't even bother counting but it's on our side.
Target 1 is Yellow retracement the AD leg of blue ABCD @ 38.2.
Target 2 is 61.80.
It would be great if a pattern emerges in the next few days for a short.
One thing that worries me is those icons of flags on the bottom of the screen. Is that news coming out?
What do you guys think?
EURJPY: Pullback into StructureI still think that we have room to push lower on the EURJPY so I'm eyeing up my next opportunity which may come between the 118.50's-119.50's level.
We may have a chance to get long (in advanced of that area) from a head & shoulders pattern retest on the LTF's during our Live Trading day as well.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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GBPJPY 4hr 618 retracementLooking at a bullish view and seeing how we may see a rise.
We have had an impulse leg and 618 retracement, looking at the RSI possible harmonic move could happen taking us up to wards previous structure resistance. This would also be relevant to a B to C leg of a possible Gartley / Cypher
Advanced Bat Patter FormationWe have a bearish opportunity on selling at previous resistance,there is also a bat formation wich means a high probability that the price is going to go down at that level.
Hope you enjoy :)
LONG GBP/NZD 3/04/16Entry - 2.10959
R/R - 1.0
T/P - 2.11959 - Just before 0.382 Fibonacci
S/L - 2.09959 - Well below harmonic level
NZDUSD Stairway to heaven part 4.The pair is continuing to stairstep its way up.
The moves up and down are now equal in lenght both up and down.
Looking to get long at 0.6852 with a 50pip stoploss.
Going for a full lenght move once more, with target at 0.7150
Very nice risk to reward ratio (1 : 5.8 RvR)
GBPAUD potential bullish Bat formation Here we´ve got a potential bullish Bat pattern with trend cought between a channel of structure, the pattern comes in at the psychological even number 1,91000 but we run into a resistance structure above so we are only looking at one target here, with stop below the channel support area.
Good luck, i think the AUD is heavily over inflated so be careful with getting too caught up with too many aussie positions,
Kind Regards
Thomas Jeff
Harmonic Patterns ratio and examplesHi,
Above, some harmonic patterns that i often look for (bullish ones)
These patterns, when identified, have a good risk/reward ratio. They allow traders to enter into the market with minimal risk. Obviously, you need some other confirmations before taking the trade on the pattern completion.
If the point D occurs with some divergence on classic oscillators (RSI / Macd, Sto), on a bottom (or top, if pattern is bearish) of a trendline / channel, previous support/resistance levels, supply/demand zone...then there are good probabilities to see price react on the completion of the pattern.
There are plenty of patterns, but this selection, from my side, is a good start for those who want to learn harmonic pattern.
Below some examples that have worked nicely (this don't work each time, this would be too easy ;)
Bearish Bat on GOLD, Nice RRWe have a bearish Bat forming at previous support/resistance level, so we expect a re-test of resistance an then fall to previous support
Hope you enjoy!
PS: I'm not 100% trader, i dont know anyone that is, and because of this, i maybe fail in my prediction, but that is ok
NZDUSD Short on a potential Bat pattern setup Here we got a potential Bat pattern forming right before the Sunday night opens, its a countertrend pattern but its up against former structure resistance formed after a very good double top we had earlier. We have our potential reversal at our X leg 0.886 completion. Stops are up in our structure resistance zone, and we have a very decent R:R on this one.
Check out our GBPUSD Cypher setup we are also monitoring here at the open.
Kind Regards
Thomas Jeff
Cypher at previous resistance on AUDUSDCypher completing at previous structure resistance, which should become support - 10 pips short of the even handle 0.76.
