$GBPJPY D CHART BEARISH ABCD PATTERN A FEW WEEKS AGO, THE MARKET PUSHED DOWN JUST LOWER THAN THE 1.27% FIB EXTENSION FOLLOWING THE ROUGHLY 45% AB RETRACEMENT. THE BEARISH MOVEMENT EARLY THIS WEEK AND THE PATTERNS BELOW INDICATE THE MARKET IS GOING TO RE-TEST THE LOWS IN THE 155.00-156.00 AREA AND POSSIBLY PUSH DOWN INTO THE […]

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AUDUSD D CHART BEARISH BUTTERFLY PATTERN I’VE BEEN WAITING FOR THIS TO GET AROUND 0.7500 FOR A FEW WEEKS NOW! WE BOOKED 200 PIPS ON IT LAST WEEK TO THE UPSIDE, BUT NOW IT’S TIME TO SELL. THE BREAK OF LOW AT 0.6900 (BLUE CIRCLE) TELLS ME WE’RE LONG TERM BEARISH, SO I REALLY LIKE […]

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I’M MORE AMPED FOR THIS TRADE THAN ANY TRADE SO FAR IN 2016. HERE’S WHY… USDJPY W CHART BASIC PRICE ACTION ANALYSIS. WE’VE BROKEN BLUE BOX STRUCTURE, NOW WE ARE RE-VISITING STRUCTURE LOOKING FOR THE CONTINUATION TO THE DOWNSIDE. THE FIBS ON THE LEFT SIDE OF THE CHART ARE FROM THE IMPULSE TO THE UPSIDE […]

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GBPUSD D CHART BEARISH ABCD PATTERN A 50% RETRACEMENT GIVES US A 2.0 PROJECTION DOWN TO 1.3500, WHICH IS JUST 100 PIPS BELOW THE 1.414 AB FIB EXTENSION AT 1.3600. YELLOW BOXES MARK PREVIOUS STRUCTURE LEVELS. NOTICE THE 0.382 FIB RETRACEMENT LEVEL (USING THE DOWNSIDE SO FAR FROM THE C POINT) AT 1.4152. GBPUSD 4HR CHART […]

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