I mentioned in twitter yesterday, I was considering building a small long position of USDCAD. I thought it will be easier to share a chart here. We have completed a Bearish butterfly, and ABCD formation. Of course, there are other factors to be considered, from technical point of view, I am interested in keeping my eyes on this pair at the moment.
This is an idea, and I am still developing the thesis. Let’s see how it goes.
Just something for you to think about.
Here is the …. CHART!
Here is the 240-min chart of USDJPY that I am looking at. Do you see the pattern here?
Here is the chart.
I intend to confuse you with this chart. Have a look at EURUSD daily chart. I am looking at two potential targets. First is the completion of ABCD formation at around 1.4040 level, and second will be the completion of Bearish Butterfly formation at around 1.4187. Well, in the perfect formation, ABCD should be part of Bearish Butterfly formation, let’s see.
Seeking the harmony within.
Now, let’s get confused with the CHART.
It has been a messy week so far, I just can’t see any valuable entry. Probably, I will just take the week off. Anyway, $EURUSD has been notoriously bullish lately, with now, the upside target, I am looking at potentially 1.3770 area which is also the completion of ABCD formation.
The short term market is just getting me confused, so I have been watching bigger time frame for a better, clearer picture. Oh, whatever…
Shoot me a comment if you find the ABCD formation is invalid.
Here is the CHART!
I thought this is an excellent talk. I am not going to describe too much, but just watch it. Maybe in short, when it comes to $$, you are just as good as monkey.
Enjoy!
Some of you might have already watched this. But this is so funny. I thought it is worth sharing here ahead of weekend.
Enjoy!
