Showing posts with label Hammer. Show all posts
Showing posts with label Hammer. Show all posts

Wednesday, July 30, 2014

GBP/JPY Long Trade UPDATE

I am still long the GBP/JPY off of a Bullish Gartley pattern.  See post from July 21, 2014  However,  price has been trading sideways for about 8 days now within a very narrow range.  Will see how news this week moves the market.

Monday, July 21, 2014

GBP/JPY Long Trade - Daily Chart

A Bullish Gartley pattern has formed on the GBP/JPY.  Also, a long-legged doji and hammer candlestick formed around the 78.6% retracement of XA.


Tuesday, August 21, 2012

USD/CAD - Bullish Candlestick Pattern (Hammer)

USD/CAD - Bullish Gartley Pattern still valid.  Pattern has formed a Hammer Candlestick Pattern in a downtrend (Bullish Signal).
Hammer (Candlestick Pattern) Definition
http://en.wikipedia.org/wiki/Hammer_(candlestick_pattern)


Tuesday, June 5, 2012

Bullish Butterfly Pattern - AUD/USD, Daily Chart

Bullish Butterfly pattern has formed on Daily, AUD/USD chart.  Nice candle spike down ( formed a Hammer ).  Profit Target levels on chart.


Thursday, April 5, 2012

AUD/JPY Butterfly BUY Pattern - Daily & 4-hr. charts

Bullish Butterfly pattern has formed on Daily AUD/JPY chart.  Reason for trade: AB = CD pattern.  D projection comes in at about 84.12.  Candle spiked down to 83.97 just above the 127.2% ext. level.  Hammer or Doji may be forming on Daily chart.  4-hr. chart shows same Butterfly pattern.  Possible Bullish Engulfing candlestick pattern on 4-hr. chart.  Profit targets at 85.75 (38.2%), 86.30 (50.0%), & 86.85 (61.8%).

AUD/JPY Butterfly Buy Pattern - Video