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USDCad Bat

forexshooter Posted 17 Jan.  in #Trader's blog #Usdcad

Guys, here's the bat advanced formation that is very close to completion.
Mind the B-point. If you trade harmonic patterns then the 0.602 B-point ratio turns the pattern into the gartley pattern . 0.602 is closer to 0.618 rather than to 0.5.
But with advanced patterns the calculation is different: until the B-point is less than 0.618 it stays a bat formation .
This leads to some differentcies in entry point. Harmonic traders already played the gartley pattern because its completion is cloer to …
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AUD.NZD Buy Idea

forexshooter Posted 6 Jan.  in #Trader's blog #Audnzd

Currency Pair: AUD.NZD Time Frame: Monthly, Weekly, Daily & 4hr Predicted Direction: Long AUDNZD in minor drawdown the position was simply a break and retest of a descending Daily trendline. For me as all structure levels are still holding i will be leaving this position live over the weekend.
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SELL NZD/USD Gartley

forexshooter Posted 4 Jan.  in #Trader's blog #Nzdusd #Gartley Pattern

Currency Pair: NZD.USD
Time Frame: Monthly, Weekly, Daily & 4hr
Predicted Direction: Short
Pending Short @ 0.7122
Stop Loss @ 0.7142
Target @ 0.7105
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SHORT EURUSD Gartley Pattern

forexshooter Posted 2 Jan.  in #Trader's blog

Entry Zone: 1.2070-1.2090
Recommended SL above 1.2130
TP1: 1.1878
TP2: 1.1754
TP3: 1.1230
Reason for the trading strategy (technically): Price is seeing major resistance at 1.2130
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Forexshooter has taken 28th place in Trader Contest Nov 2017

forexshooter Posted 12 Dec.
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GBP/NZD-SHORT

forexshooter Posted 7 Nov.  in #Trader's blog #GBP/NZD

The price diverges with MACD and RSI , it gives us a trend reversal signal. MACD supports downward movement and DMI -0.23% shows that bears are not so strong.
The daily chart looks overbought and we should expect for a correction movement.
It's sell opportunity. Pending orders should be placed at 1.91870 level with stop orders above the resistance at 1.94500 level.
The main profit target is 1.87000 level. But also it's possible to fix profit by parts near 1.90000 and SMA100.
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USDJpy Bearish Shark

forexshooter Posted 3 Nov.  in #Trader's blog
The USD is strong.
Will not be surprised to see USDJPY challenge 114 where it will complete a bearish shark pattern.
Close to 114, I hope some of these will happen for it to be a better quality short.
1. Ultra high vol 0.00% selling taking place before it hits 114
2. Low vol 0.00% reversal after tuching 114 which closes with high spread at the lows
Will be watching out for this.
EP: 114
SL: 114.80
TP: 109.40
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AUDUSD Long ?

forexshooter Posted 5 Oct.  in #Trader's blog

Looks like the AUDUSD -0.72% is testing first key support and resumption level following the earlier multi-year bullish breakout of the triangle pattern . 0.7800 level is the prior swing low and could signal the end of the pullback. As triangle breakouts are usually followed by a pullback phase before resumption of the initial breakout. If we break this support we will most likely test 0.7700 areas, where it will be the second potential resumption level. Personally, I have chosen to speculate o…
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EUR.JPY > Long Opportunity > 131.905 & 131.742

forexshooter Posted 4 Oct.  in #Trader's blog

Currency pair - EUR.JPY
Chart time frame - 1hr
Area of interest - 131.905 & 131.742
Chart pattern - Bullish Bat
Potential target 1 - 132.371
Potential target 2 - 132.660
Potential extended target - 132.773
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LONG EUR.AUD > Long Opportunity > 1.5003

forexshooter Posted 2 Oct.  in #Trader's blog
Currency pair - EUR.AUD
Chart time frame - 15min
Area of interest - 1.5003 & 1.4993
Potential target 1 - 1.5036
Potential target 2 - 1.5056
Potential extended target - 1.5064
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