Cable built Bullish Bat in H1 chart, and Impulse Harmonic in M30 chart. If the 50% from the high of 1.4525 in M30, likely Cable will continue to go short. I am watching Cable to break 1.4370 to confirm the up trend.
Tuesday, May 25, 2010
Wednesday, May 19, 2010
Tuesday, May 18, 2010
USDCAD
Emerging Bullish Butterfly. The C was resisted at 0.50 of AB. It is expected to continue lower to point D at 0.9900 – 0.9800 area.
Monday, May 17, 2010
Friday, May 14, 2010
Thursday, May 13, 2010
GBPUSD
Cable create Impulse Harmonic Pattern on H1 and emerge Bullish Bat Pattern on H4. I am expecting complete Bat Pattern to go long. There might be another opportunity to short cable at the 50% retracement after the completion of Impulse Harmonic.
Wednesday, May 12, 2010
GBPUSD
Cable emerge BeGartley (Bearish Gartley), and seem H1 chart is building +HD. It shall be a nice support for Cable to finishing CD leg of the pattern.
EURJPY
There is a Bearish impulse Harmonic pattern potential, and potential D leg up to 120.00 – 121.00 area.
Tuesday, May 11, 2010
USDCHF
USDCHF is likely building C leg of BuGartley and making –HD, both in H2 timeframe. There is a nice trade possibility to short on CD leg.
EURJPY - Update
Likely this pair is emerging a Harmonic Pattern in H4 and H1 time frame. BuBat Potential in H4 and BuBatterfly in H1. B Leg is supported by 88.6 FibFan and +HD. The potential C leg might be resisted around mid APF (Andrew Pit Fork) for Standard Harmonic Pattern or over shoot within 1.13-1.618 of AB for Impulse Harmonic Patter (other book says “Sea Horse” pattern).
EURUSD
“Positive HD in BeGartley”
EURUSD build +HD (Positive Hidden Divergent) in H1 and emerge BeGartley (Bearish Gartley) in H4 for CD (5th Leg). Where the +HD is supported at 88.6 FibFan. Nice trade possibility up to 1.3200 area.
Monday, May 10, 2010
EUR/JPY @ H1 - Emerging Bearish Bat
Monday, May 3, 2010
EURJPY
EURJPY H2 made a nice BeGarley, but I miss that. Now, I am expecting another Harmonic pattern. Likely It is going make BuBat pattern, where B leg is built by AB=CD, supported at 50% InRet (Internal Retracement) and 2 stoch showing a potential +HD (positive Hidden Divergent).
GBPUSD
GBPUSD H8 is resisted by Mid APF after completing the Harmonic Impulse Wave (Blue/Green). There would be 2 scenario on this pair :
- The pair will make AB=CD or go further to south base on basic harmonic impulse wave theory.
- The pair will supported by lower APF then form a harmonic pattern, and I am expecting BeGartly for this scenario.