Bullish Butterfly: AUD/USD - 4-hr.

A Bullish Butterfly pattern has formed on the 4-hr., AUD/USD chart.  Conservative profit target @ 0.8980.  Stop well below recent support @ 0.8840. 1.272AB=CD @ 0.8922.  Current D point is spike low @ 0.8915.

Bullish Butterfly: AUD/USD, 4-hr. Chart

USD/CHF - Long Trade IN PROGRESS

USD/CHF is in the process of forming a Bullish Engulfing candlestick pattern on the Daily chart.  Let's see how the day goes.  A Bullish Gartley pattern had formed several days ago.

UPDATE: AUD/USD - 4-HR. Chart

The AUD/USD Bearish Gartley pattern (4-HR. chart) trade from yesterday has hit the 61.8% Fibonacci profit target level.

Quote for the Week

"Trade what the market IS --

 Not what the market IS NOT --

 Traders that trade the market that IS --

Are truly the happiest lot."

-- Gary Porter

from Essentials of Trading: It's Not WHAT You Think, It's HOW You Think

by Larry Pesavento with Leslie Jouflas

NZD/JPY - 4-hr. Chart / Bearish View

NZD/JPY forming a potential Gartley/Butterfly pattern. (See Price Patterns section of HarmonicTrader.com for more information on Gartley/Butterfly patterns).   I have highlighted the area where there is a higher probability of reversal.  Watch for candle signals at these levels for more confirmation!  Similar patterns can be seen on 4-HR. charts of AUD/USD, NZD/USD and AUD/JPY.  Have a great week!

Potential AUD/USD Short Trade

A Bearish Gartley pattern is forming on the AUD/USD 4-hr. chart.  The long green candle in the CD leg might scare you away but I've seen these work.  I've highlighted the potential reversal zone.  Stop should be placed above the most recent high at 0.9085 (see Daily chart).  A Dark Cloud Cover (Bearish Reversal) candlestick pattern has formed on the Weekly chart.  See previous post.  Happy Trading!

AUD/USD Weekly Chart: Dark Cloud Cover?

The WEEKLY chart of the AUD/USD has formed a Dark Cloud Cover candlestick pattern.  Stop-loss would be placed above the high of the red candle in the pattern.  The signal is Bearish for the AUD/USD.  Manage your risk.  Remember, this is a longer-term chart (Weekly).

Video Review: GBP/USD Bullish Butterfly

Video Review of the GBP/USD Bullish Butterfly Trade from 02/04/2014.
Click here to launch video!

USD/CHF Long Opportunity: UPDATED

A Bullish Gartley pattern has formed on the USD/CHF Daily chart.  Stop-Loss should be placed below point X.  Fibonacci Price Target levels have been drawn on the chart at 38.2%, 50.0%, 61.8%, and 78.6%.  The first chart shows the Fibonacci retracements of the XA leg.   Happy Trading.

"If skills could be acquired by watching, every dog would be a butcher."
                                                                              - Turkish Proverb

Is Aussie going up or down?

AUD/USD looks to be headed back down.  A Bearish Gartley pattern has formed on the Daily chart.

Time to Short the Euro? Bearish Butterfly Pattern

The EUR/USD has formed a Bearish Butterfly pattern on the Daily chart.  Point D is currently at the AB = CD projection (1.3767).  The high of the last completed candle is 1.3769.  The Daily charts of the AUD/USD, Gold, and WTI Crude are similar to this one of the EUR/USD.  They all suggest near-term dollar strength.  See chart.  Happy Trading.

Time to Short the Euro?

A Shooting Star candlestick has formed on the Daily chart of the EUR/USD.  There is also a Bearish Gartley pattern.  Will post charts soon.  Note:  Analyze Daily charts of WTI Crude Oil, Gold, & AUD/USD.

GBP/USD - 4-hr. Chart : Bullish Butterfly Pattern with Chart Analysis

Bullish Butterfly pattern has formed on the 4-hr. (and Daily), GBP/USD chart.  I have been watching the pattern play out the last few days.   Also, look at the candle for today on the Daily chart.   I use the Average True Range (Daily Chart) to set a minimum stop amount.  Happy Trading!

"A man, though wise, should never be ashamed of learning more, and unbend his mind."
                                                                                           - Sophocles