Blog and Rants

Here is what I see in $EURUSD now. I might be completely wrong and miss the move, but I would prefer to get in short position somewhere near 1.4250 to 1.43 level. I see the confluence of Fib levels, resistance zone in weekly chart,  and a harmonic pattern. I’ll be looking at this setup closely […]

Not so much of trading for me this week. It is a gambling week, and I don’t have too much of time and energy to gamble the NFP, FOMC, Election etc. Anyway, Dollar index ($DX) bounces off weekly trend line formed by the lows of 2008.4.20 and  2009.11.22. We have a simple harmonic pattern and […]

Here is the Swissy chart that I am looking at. I would like to see some price rejections in this zone before establishing short position. Notice the ABCD formation is completed in the resistance zone as well. Just look at the chart, I am too lazy to write lately. It is really not difficult to […]

I am looking at USDCAD at the moment. It just formed a basic bullish 5-0 harmonic pattern. Let’s see if it starts to bounce from here, and a breakdown of current level might potentially lead us to around 1.0025 level. Here is the CHART!

I was watching AUDJPY. I thought it was going to invalidate the Bearish Butterfly formation. We had just broken out from the trading range yesterday, and now it renews my interest in shorting the pair. I am watching closely and preparing to build a swing short position. what do you see here? Here is the…CHART!

Let’s have a look at the weekly chart of $EURGBP. We have a pennant forming, with ABCD and Bullish Butterfly formations within. It is just so beautiful. I see two possibilities here. First, we might start to have correction right now with 88 level as immediate resistance. Second, we might have another leg and approach […]