2017 will be a sell off for the usdjpy as correction wave b completes on the daily cycle introducing the worst of the bear market in wave c. Usdjpy has had a long bullish push from early 2012 and 2017 will complete the correction.
Eurusd is a good short above this trendline. We are also below 200ma on this timeframe so market is in a definite downtrend. This trade offers an excellent opportunity to join the trend.
Very strong impulse leg on usdjpy for last 2 weeks with bearish correction expected this week. This crab pattern is moving into a very tight convergence of fib numbers offering very good risk reward. The terminal price bar on this pattern will likely be very small with fib numbers so tight so one will have to be on alert to get a good entry as price is likely to...
Bearish crab forming on the usdjpy. Fairly tight band of fib numbers forms prz around 1.1220. My targets will be set at 38.2 and 61.8 cd. I will be closing my long position on this currency once once the prz is reached. If the prz is blown out by price not reacing to prz or a gap/really bullish candle long trade will reentered.
abcd forming after prz after 38.2% retracement. This gives me a high probability bullish confirmation butterfly will complete to 1st target. I feel there is at least a reasonable chance r2 will be tested if target 1 is met.
This pattern is currently completing cd leg. A high probability bullish move occours if pattern completes at d. Targets will be accessed after prz is tested,
Once price breaks the pivot in the shaded area it is highly probable to see a strong bullish push towards r1 likely followed by r2 also.
Bearish cypher a few trading sessions away from testing prz. A very good pattern to watch over next few days.
Bearish cypher just completed cd leg. Strong reversal pattern. Cyphers often form at market tops and bottoms. Probability is high market will now retrace.
Bearish butterflys often occur around bearish reversal points. Probability suggests the market will retrace.
Bearish Butterflys are not my favorite patterns as d high is breaking structure. However these patterns have the tendency to return sharply of the prz. Often im stopped out here as new high continues to 2.0 bc projection then reverses. Perfect fib numbers in this pattern. looking for min 786 xa for b. 0.382-886 ac and d completes between 1.272 xa and bc...
Serious resistance has been found at r1 and the bullish trend will reverse.
Triple top 1 hr usdcar offers excellent short opportunity for next week.
baby gartley has formed in the prz. This will end the bearish run.
Good luck/ Stop is 15 pips above the highest part of x
my targets here would be 318 and 500 and 618 With the option of riskier 886 and 127.
Time is valued at more than money here in this game. Got money,.,,, unless you spend time learning how to trade the market will remove it from your possession with astonishing regularity,,,even if your a multi millionaire soon you will be down to your last lot. So its time not money that makes success in forex. Time cost nothing,,, Except your time. You will...