Harmonicmoves
USDCAD 9 straight up daysI have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
Countertrend: a bullish daily engulfing setting upAs expected in this pair continues to head south.
Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside.
On lower timeframe (4h) a double bottom already completed with bullish RSI divergence.
This could trigger a nice countertrend long trade before looking to a continuation downside (to the weekly resistance level).
Wait and see completion of daily candle to get involved long.
USDJPY (60) Bearish Cypher Completed (Short opportunity)Bearish Cypher reached D-leg completion (marked entry).
Together with short term bearish trend.
RSI heavily overbought.
We have a larger gartley in the works aswell that we might see a potential trading opportunity later on, will be posted if this is the case.
Marked Entry, stops and targets. Stops below X
Happy trading!
USDCAD (60) Bullish Bat Completing Soon (Long)We have a bullish bat setting up with good support to build on. Previous structure which has been tested several times. Continuous higher highs and strong uptrend overall.
Entering at 1.32696 with targets marked on the chart.
Stop loss as mentioned below previous structure.