US30 SUPPLY AND DEMAND ORDER BLOCKS (UPDATE!!) Another 2 zones hit, retest of order block expansion price followed by a smooth move up in price to the next key liquidity line outlined.
Mam
GBPCAD Weekly Harmonic Gartley Analysis and StrategyWe see the formation of and are predicting the completion of a Gartely pattern @ 1.62100 as seen on the weekly chart. In the case the price action breaks below 1.62100 it will fall to 1.6000 to complete the Gartley. Therefore our strategy is the hedge the position if we see a bearish candle close below 1.62100 on the 4 hr chart then we will hedge position to 1.6000.
GOLD Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 1 hr chart for GOLD. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to break below the yellow trend line confirming the prediction. OANDA:XAUUSD
NZDJPY 1 hr Trend Analysis and Strategy with Harmonic BATThis pair has recently bounced off a major daily support (red zone) and has started the 4th leg of the Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. A trend line on the 1 hr chart has been breached giving our analysis and strategy validation. We are still targeting the green zone as shown on the previous analysis of the pair. FX:NZDJPY
NZDUSD Monthly Harmonic BAT Analysis and StrategyThis pair is currently trading at a major support zone as seen on the monthly chart (yellow zone) and is forming a Harmonic Bat Pattern. This is a long term pattern but we are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:NZDUSD
NZDJPY Harmonic BAT Analysis and StrategyThis pair is currently trading at a major daily support (red zone) and is forming a Harmonic Bat Pattern . We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. We expect price action to complete the pattern between 70.00 - 69.900 before bouncing to the target (green zone). FX:NZDJPY
USOIL trend analysis and strategy updateWe closed some of our USOIL positions in profit today. We have since entered a buy again as price action has retraced to 50/61.8 fib zone (blue). As a part of our strategy and risk management, we have set a stop 20/30 pips below red line with take profit on the green zone. USOI
USOIL Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 4 hr chart. We are predicting the harmonic bat pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. Our strategy for USOIL depends on price action not breaking the bottom red support zone. TVC:USOIL
EURAUD Harmonic Crab Pattern Analysis and Backup StrategyIn addition to our AB=CD harmonic pattern analysis we are seeing the formation of a Crab pattern as well. As a fallback strategy, if the resistance zone on the previous chart is broken then we are predicting the harmonic crab pattern to be completed before price falls to the targeted zones. We will post more updates as we see how the strategy plays out. FX:EURAUD
GBPJPY Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat pattern that is forming on the 4 hr chart. We are predicting the harmonic pattern will be completed and a recent break of the yellow trend line has given the pattern and our strategy confirmation. FX:GBPJPY