Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn’t mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the […]
Harmonic setups
$NZDUSD 26 Nov 2010
While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD. Again, I see confluence of Fib levels, support level, bottom of channel as well as my favorite bullish harmonic formation. [tab: Setup 26 Nov 2010] Here is the chart to confuse you. [tab: Update 28 Nov 2010] The reversal zone […]
$NZDJPY 24 Nov 2010
Here is the NZDJPY setup I tweeted this morning. It is one of my favorite setups. There’s confluence of support level, Fib levels, and channel bottom. It is a bullish harmonic setup. Here is the chart to confuse you. Trade well.
$EURJPY 22 Nov 2010
We have a gap up during Monday Asian morning. I have two levels in my radar for potential short position. It is the confluence of resistance level, Fib extensions and channel median line. [tab: Setup] Here is the CHART to confuse you. [tab: Update 24 Nov 2010] This type of ‘fast-and-furious’ sell off does not […]
$AUDJPY 12 Nov 2010
Here is the $AUDJPY chart I mentioned earlier on. I am holding long position, with some profit booked, and stop is now at break even. This is a text book 5-0 formation where all fib levels are nicely respected. [tab: Setup] Here is the chart to confuse you. Have a great weekend! [tab: Update 18 […]
$USDJPY 10 Nov 2010
Here is the USDJPY chart. I am looking at 83 area for potential short trade. There are confluences of Fib extensions, harmonic patterns formation, and price resistance area. Here is the chart to confuse you.
