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Tag Archives: currency trading
EURUSD ABCD
Here is a weekly chart of the eurusd. There is an ABCD at a 1.272 extension, with both trendline, and double bottom support. We are also at the 2.00 extension of May 2011 highs to July 2011 lows which could … Continue reading
AUDUSD Bearish Butterfly
This setup on AUDUSD daily chart has a bearish butterfly that completes at a .707 retracement which was the same level the previous swing reversed from. The AUDUSD ran up 1000 pips off a nice bullish butterfly. Will be interesting … Continue reading
A Look At USDCHF
This trade is now up over 800 pips. The USDCHF came within just 3 pips of the 0.7063 level. This is a monthly chart. The next level I am targeting is the 0.8180 level which is a bearish bat pattern … Continue reading
CAC40 Analysis
Here is my analysis for the CAC40, or French Benchmark Index. 1500 would be my conservative target, but I do see potential for a much lower target should things really get ugly in Europe. I just do not see the … Continue reading
A Look At USDCHF
The Swiss Franc has been the safe-haven currency for quite some time. Where will it stop?? When will the beating up of the USD end? We have seen over the course of 1 week $2.5 trillion lost in global markets … Continue reading
A Look At The Nikkei
Here are 2 monthly charts of the Nikkei, Japan’s stock index. As bad as Japan has had it with the earthquake and nuclear crisis, I see a potential move to at least 7600. This would also support my theory that … Continue reading
USDCAD Bearish BAT
Here is a trade that was taken a little over a week ago. A perfect bearish bat pattern that reversed at exactly the .886 retracement. You can also see how there has been clear rejection of the resistance area each … Continue reading
Posted in harmonic trading
Tagged Bat, chart analysis, currency trading, daytrading, forex, gartley, harmonics, harmonictrading, patterntrading, technical analysis
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EURUSD Possible Ideal Gartley Setting Up
This is my analysis for EURUSD. The symmetry of this pattern is amazingly perfect so far. What is great is that if this plays out, the DT leg will complete at weekly channel top, 2009 highs, and will also complete … Continue reading
Copper Setup
Copper has been trading in very nice uptrend channel. There is a bullish bat pattern than will complete at bottom of channel which will provide a very low risk entry for target at monthly butterfly completion and top of channel … Continue reading
EURUSD Bullish Bat
This is a nice perfect bullish bat on the daily chart of EURUSD. A powerful reversal could be seen. Many of the indexes also have completed bullish patterns.
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