Here is the EURGBP chart I mentioned earlier on in my tweet. The pair has recently completed a Bearish ABCD formation, and it is trading right in the supply level. I am looking at the short side for now, and the setup will be invalidated above 0.8945. Here is the…. CHART!
FX
$EURUSD 12 April 2011
I am playing my plan here. EURUSD has made highs, and finally reach my defined supply level and a bearish harmonic formation has completed in weekly chart. I am at the SHORT side now. Let’s see how it goes. Here is the ….. CHART!
$EURUSD 21 March 2011
Here is the Daily chart of EURUSD. Looking at it carefully, we are entering supply zone, and we have confluence of harmonic patterns, top of channel, and resistance level. I am watching closely for potential short opportunity. Let’s see how it goes.
Key Levels to watch for Week 21 Feb 2011
Here are the currency pairs and the key levels on my watch list for this week. I am not sure if I have any extra energy to trade this week, since I am busy preparing for next week’s house moving. Anyway, that’s not the point of this post. Again, these levels are just support/resistance that […]
$NZDUSD 15 Feb 2011
NZDUSD is currently trading in an interesting zone. We have a bullish harmonic formation and the confluence of key support levels, and daily rising trend line. If a bounce from here happens, I have two possible scenarios. 1st is a pull back and then continuation of bearish symmetrical movement (Refer to the yellow lines). 2nd […]
Key Levels for week 14 Feb 2011
Here are the pairs and the key levels that I’ll be watching for the coming week. These are basically support and resistance levels. Since I am mostly trading off 4-hour charts, I am only posting charts of this time frame here. Have a great trading week ahead! [tab: GOLD] [tab: AUDUSD] [tab: EURGBP] [tab: EURUSD] […]
