$AUDNZD is approaching resistance level with confluence of harmonic pattern and trend line retest. The risk is the pair might test 1.3 before any significant correction. Let’s see how it works out. Here is the …. CHART!
Harmonic setups
$EURUSD 13 Oct 2011
I have been stalking a short of EURUSD. (Well, who doesn’t?). However, I prefer to see price pushing a little further before establishing short. Let’s see. As the chart shows, we have confluence of channel, hamornic pattern. And if you notice, it is retesting the previous trend lines. OK, here is the….. CHART!!!!
$GBPUSD 20 September 2011
I was alerted by @NicTrades on twitter about the Bullish Gartley formation in the daily chart of GBPUSD. Here is my chart, with addition trend line retests are observed. Here is the ….. CHART!
$GBPUSD 07 September 2011
This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming. It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest. Here is the … CHART!
$NZDUSD 31 August 2011
A bearish harmonic setup is observed while NZDUSD is retesting the broken trend line. Bias remains short for now.
