and though not a harmonic pattern here's fragment of daily gold clear H&S here. So confluence of silver/gold makes a stronger case for a pending sell off.
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GBPUSD GBPJPY Harmonic patterns and confluence of indicators 12 replies
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Disliked{quote} Hey Traders, here is how the Gbp/Jpy has been developing. Very nicely I might add. Target 1 has been attained for my trades for roughly450 and 230 pips respectively on the 4hr chart with some other developments starting to take shape.... {image} Other levels for those developments still need to be worked for the daily development to attain its targets on the bullish AB=CD pattern development... {image} Here is a look at the weekly developments to put things in perspective. {image} Not gonna happen today so keep it as just that...Perspective!...Ignored
Dislikedalso I don't just trade blind patterns. In GU previous setup the volume is heavier in the red candle compared to the green candle. the bias in terms of positioning is bearish now. a few H4 scouts will be out and if there are no longs to sweep out in retail the street will move GU lower next few sessions.Ignored
Dislikedthis is FYI Master. ))) Find it interesting right that the current push higher in GU lacks volume and in fact volume is x2 lower now then in the strong tower red candle? But then again what do I know. {image}Ignored
Disliked{quote} Gbp/Jpy update: Target 2 attained on th e 4hr chart. There is a bearish bat pattern that has developed as previously shown for those inclined to go short. {image} Either way I have banked and rolled. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored
Disliked{quote} Gbp/Jpy Update: Target 3 attained on the 4hr chart. Very nice pips Banked!! {image} Stops rolled to BE on remaining. Now onto the daily Targets. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored
Disliked{quote} Gbp/Jpy Update: Target 3 attained on the 4hr chart. Very nice pips Banked!! {image} Stops rolled to BE on remaining. Now onto the daily Targets. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored
Disliked{quote} Is that Scotty siting here on this thread? Woooooow!! How are you doing old friend? Long time no share. Thanks for stopping by. Nice chart. watching as well Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored
Disliked{quote} I see your commitment young Padawan. Im not saying GU will not fall eventually but to make a blanket statement that the position bias is now bearish and it will fall in the next few sessions based off a 4 hr candle In my opinion is irresponsible. I notice you do a lot of blanket statements that are wrong. Like the one you said about AU going to .75 or .76 being unrealistic and a few others as well. I think its irresponsible to say and if you notice I don't do it. I'm just trying to help you. I don't mind your posts or you sharing your thoughts....Ignored
DislikedHey Traders, the Eur/Usd trade playing out nicely with Target 2 attained this morning. Here is a look at another Euro short trade set up I'm watching very closely on the Eur/Gbp. {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored
Disliked{quote} Hey Traders there was so much bearish bias i had to use my Ninja skills and go long. 1st target attained at a test of the daily downward TL. Now lets see how she reacts to it. Stops rolled at BE and I will continue to watch the areas marked for behavior. {image} oops she is breaking out as I post...wonder if she can sustain all this bearish bias? Time tells all but I'm Banked and rolled. Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that...Ignored
DislikedHey Traders currently long with target 1 attained but for those inclined to short the Usd/Jpy these developed on the 1hr chart: {image} Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank! Game changing Bank!! The kind of Bank that makes you just Think and Grow!!Ignored