GBPUSD : Bearish Butterfly

This pair offers many trade opportunities for harmonic traders in this week. I'm anticipating a powerful reversal from these consecutive butterflies. The late butterfly completed its D at 1.551 at 1.618 BC or 1.552 at 1.27 XA projection.

EURUSD : Bearish Gartley

This completed gartley is spotted on the 4-hour timeframe. I didn't realize it earlier. The big weekend gap really helps this pair in completing point D at 0.786 XA at 1.368.

EURJPY : Bullish Gartley

As mentioned earlier, this pair is forming an ideal gartley. I'm anticipating point D will be completed at 122.52 which is the 0.786 XA projection. I believe that most harmonic traders have been making profits on this pair  this week. :)

CHFJPY : Bearish Bat

As spotted early this week, this is the completed harmonic pattern combination, a bat and a butterfly. The point D completed at 0.886 XA at 88.90 or few pips tolerance at 89.00 which is the 2.618 BC projection.  I'm anticipating a powerful reversal from this pair.

CADJPY : Bearish Butterfly

Another butterfly formed yesterday and I missed this trade. In bigger picture, this butterfly overlaps with bearish gartley.

AUDUSD : Bearish Butterfly

Seems like this pair failed to reach 0.94 and made a HI at 0.9385. However, I assumed that D is completed there because it has already exceeded 2.618 BC projection at 0.935. I've been busy lately, didn't have much time to analyze all charts.

GBPUSD : Bearish Butterfly

This is the overview of the completed extended butterfly. The D has completed its projection at 2.618 BC, around 50pips above the 1.618 XA projection. Actually, I'm expecting a powerful reversal but it looks like this pair is emerging another bearish butterfly pattern. Beware of the yellowed fibonacci retracements. If it breaks the 0.786 XA, the butterfly will be valid. I would consider to buy after confirmation and the projection of D is at 1.618 BC at 1.551 or 1.27 XA at 1.552. 

CADJPY : Bearish Butterfly [emerging]

 

This is another emerging butterfly pattern. I prefer to wait for my trading system to signal bullish market before buying this pair. Personally, I'm anticipating further downside move to 0.886 AB at 92.2.

CHFJPY : Bearish Butterfly [emerging]

 

This is a quite promising pattern combination that can prove my early prediction as it might overlap between bearish butterfly (blacked) and possible bearish bat. However we must first wait for the confirmation of point C. It might leave the point C at 0.500 AB or forming double bottom while maintaining in the bullish trend.

EURJPY : Bullish Gartley [emerging]

I love to watch this pair because of its "harmonicity". This pair is in the bullish trend since it bounced from 0.618 retracement at 123.5 from the recent HI at 127.9. It might be an ideal gartley that this pair is making.

USDJPY : Flag

 

This is a daily chart of  USDJPY. In longer term, this pair still looks bullish even though it has dropped for about 180pips from the recent HI at 94.70. It might form a flag continuation pattern as long as the support 92.9 holds. I'm anticipating a consolidation in the flag price range and waiting for breakout at the resistance.

USDCAD : Bearish Bat [emerging]

This pair looks bullish for the moment. I'm anticipating a bounce off  at 0.618 retracement at 1.0020 and then continues its previous trend. This pair is forming triangle and waiting for breakout towards the resistance trendline. Mind that this pair has made a recent HI at 1.01 which is 0.382 retracement from the significant LO at 0.9975 meanwhile 0.886 AB retracement at 0.999 where I dare to say that it is a quite accurate pattern for bearish bat.

USDCHF : Breakout

This pair reached my 0.500 fan and 0.618 retracement if I consider my X at 1.0583. However, I'm anticipating a break at both lines and straight heading to 0.786 retracement at 1.0625 where it might touch my 0.618 fan there. It's too early to predict the harmonic pattern for this one.

AUDUSD : Bearish Butterfly

 

This pair is also the same with GBPUSD where it completed its butterfly pattern. However, I prefer not to sell this pair early because the probability of forming extended butterfly at 1.618 XA for this pair is relatively high. Mind that this pair is approaching the HI for last year at 0.9400. I might sell this pair if it reach the zone - double top.

GBPUSD : Bearish Butterfly

As spotted early last week, this is the completed butterfly where it has reached the 1.27 XA and 1.618 BC projection . However, this pair can still move further up to 1.5430 which is the 1.618 XA projection. In lower timeframe, there is sign of topping (double top) at 1.539. If we look at longer timeframe such as 4-hour, this pair looks like forming a flag continuation pattern. 

GBPJPY : Bullish Gartley

I was wandering why did this pair stop at 141 while it can drop further to 140.50. Then I adjusted my lines and found that this pair has just completed its bullish gartley. After a decent breakout from the descending channel or flag, I buy this pair at 143.30 with stop at 142.50 and target at 144.80.

GBPUSD : Bearish Butterfly

As mentioned earlier, this pair still holds the probability of emerging the bearish butterfly pattern. We can see that the price has broken the weekly open resistance where this pair failed to break 3 times before. This time, this pair has made a significant upward move where I dare to say that it is a clear breakout. The projection of D is at 1.5370 (yellowed zone), 1.27 XA and 1.618 BC.

GBPJPY : Bullish Bat

This is a very accurate pattern for Bullish Bat. X is at 139.70 while B is 0.500 XA at 142.05. C is 0.618 AB at 143.80 while D is projected to be in the yellowed zone which is at 1.618 projection of BC at 140.34 or 0.886 XA at 140.3. 

GBPUSD : Bullish Gartley [emerging]

I spotted this emerging Gartley just now. This pattern will be valid if the price break the recent LO at 1.5130. Then I shall prepare to buy in the yellowed zone. The projected D is 1.27 BC at 1.5110 while 0.786 XA is at 1.5100. I might consider to place tight stop loss as it might be a sell rally.

EURJPY : Bullish Butterfly

A quite small butterfly. I didn't manage to catch it. Defeated by the "tolerance" as my Pending Order didn't hit by 1 pip only. This trade worth 50 pips and 20 pips to risk. 

GBPUSD : Bearish Butterfly [emerging]

I'm in short for this pair at 0.618 XA at 1.5250. My SL is 1.5300 while target is at 1.5150. I don't dare to take more because in bigger picture, I see an emerging bearish butterfly. If the price break recent HI (X) at 1.5320 or the candletick close above the resistance, the pattern will be valid. The projection of D is at 1.5370. I shall sell this pair if the price reach the price zone as I'm anticipating a PRZ there.

GBPJPY : Bearish Gartley

I'm in sell bias for this pair. My entry is around 143 at 0.618 of daily range. It looks like too high but if I take lower than that, my SL would be too big. If it doesn't hit, then that's fine for me. Target is around 1.618 projection at 140.60. 

USDCHF : Bullish Butterfly

As spotted early last week, this is the completed bullish butterfly. Mind how powerful the reversal is. It's kind of quite disappointing when we miss a trade like this. By the way, it happened during the NFP last friday where it sent the price to 161.8 XA, approximately at 1.0445 while in the same candlestick it made a HI at 1.0608 where it made point B for a hidden pattern - bearish gartley. Anyway the gartley didn't make any drastic change in the market as another pattern appeared - an inverted head and shoulder. The price then broke the neckline and found a resistance trendline. A very harmonic week for USDCHF!

NUDUSD : Bearish Gartley

This pair looks bearish as it just finished its gartley last week but don't be fooled for the bearish market yet. It might be only temporary because in the bigger picture, I see another emerging gartley. Beware of the yellowed zone as this pair might retrace at 0.886 AB.

GBPUSD : Breakout Trade

I might consider to sell this pair if it breaks my fan at 0.382 level. I'm anticipating a formation of pennant and will take the breakout. In overall, this pair looks neutral for the moment. I prefer to wait for confirmation first. "Patience.. Discipline.." -the undead- (wow)

EURUSD : Rising Wedge

I'm also anticipating a retracement to 0.618 at 1.3545 to short for this pair. My SL will be at 1.3580 while my target is 1.618 projection at 1.3400. 

AUDUSD : Triangle

This pair closed below the the trendline. It's too early to predict the pattern now but based on my personal view, I'm short for this pair. I'm anticipating a slight upward move at least to the 0.618 retracement and will consider to sell in the yellowed zone. With tight stop loss at recent HI, my target will be at least 1.618 projection at 0.9160 and 2nd target is the last LO at 0.9135. 

EURJPY : Bearish Crab

This is the bearish crab overview on EURJPY before the week ends. The price has reached 161.8 XA projection at 127.76 while 5.618 BC is at 127.93. In this price zone (the yellowed rectangle), I'm anticipating a powerful reversal for this pair but as long as Yen is still weakening, there is no guarantee that the price will reverse there. Technically, crab is one of harmonic pattern that has the most accurate PRZ (Potential Reversal Zone) and requires small stop loss. The range for the PRZ is about 20 pips only. It's a good number of Risk/Reward to find an entry in this zone. *P/S* VT Trader 2.0 works like a Pro!

USDCHF : Bullish Butterfly

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May it be a bullish butterfly? Or perhaps is this in the making of bullish crab? The price has broken the support at recent LO at X, 1.0544 and now heading towards 1.618 BC projection at 1.0516. The 1.27 XA is located at 1.0490 zone. If this pattern is extended to 1.618 XA (crab), the price will drop for about 100 pips more!