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Bearish Butterfly

$EURUSD 13 Oct 2011

by Gav Leave a Comment

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!!!!

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, Bearish Butterfly, EURUSD, FX, Trading Journal

$NZDUSD 31 August 2011

by Gav Leave a Comment

A bearish harmonic setup is observed while NZDUSD is retesting the broken trend line. Bias remains short for now.  

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, Bearish Butterfly, FX, NZDUSD, Trading Journal

$AUDNZD 19 August 2011

by Gav Leave a Comment

Here is another potential swing trade setup I have been looking at. $AUDNZD is testing the established down trend line, and with completion of bearish ABCD formation. I expect price to face resistance at this level. I’ll be watching price action closely next week to confirm my thought. Here is the….CHART!

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, AUDNZD, Bearish Butterfly, FX, Trading Journal

$USDHKD 26 May 2011

by Gav Leave a Comment

Her is another simple technical setup. I thought this is a beautiful chart. Unintentionally, I have turned this blog into a chart library. Well, not a bad idea. Anyway, watching this symmetrical movement into resistance zone. At the time of posting, the pair starts moving down during early Asian session…let’s see how it goes. Here […]

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, Bearish Butterfly, FX, Trading Journal, USDHKD

$EURJPY 27 April 2011

by Gav Leave a Comment

So, long weekend is over, and I am back to my trading desk. EURJPY caught my eyes, and potentially, I am looking at short setup in the area near 121, and next will be looking at 123. Here is the …. CHART!

Filed Under: Harmonic setups, Trading Journal Tagged With: Bearish Butterfly, EURJPY

$EURJPY 22 Nov 2010

by Gav Leave a Comment

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 […]

Filed Under: Harmonic setups, Trading Journal Tagged With: Bearish Butterfly, EURJPY, FX, Trading Journal

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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