Slow start for the week. I did not find too many interesting setups at the early of the week. Anyway, who is looking at $AUDCAD? I thought we have some interesting bearish harmonic setups here. I am looking at short opportunity here. It is not too difficult to see the confluence of fib levels, Channel […]
5-0
$NZDUSD 07 Jan 2011
So, this is the first post of the year. I am fortunate enough to have my weekly target hit during Tuesday and Wednesday session. And, we are expecting Non Farm Payroll at the end of the week, so I am not opening any new position for the rest of the week. Any of my 12 […]
$AUDCAD 07 Dec 2010
I have been watching the chart of AUDCAD over the weekend, and I thought it provide some decent short opportunities. From price action perspective, it is trading around the defined downtrend line, and moving into the resistance area defined by previous swing points. On the other hand, we have a bearish harmonic formation at around […]
$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.
$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 […]
$USDCAD 21 October 2010 : 5-0
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!
