Sitting on the sidelines for the NFP. At the moment GU trading below 200MA on the 4H with bearish butterfly harmonic still valid. IMO, it would take a break up to the 168.38 to invalidate this harmonic. Fundamentally, I can't see a lot of reasons to ...

Cable Update (GBPUSD)

UJ following the Nikkei like a puppy dog, almost to the same exact percentage drop today

USD/JPY Discussion

Nikkei having a strong week, 10year US treasury yield at 2.61% up from 2.45% last week, impending ECB rate cut (although likely priced in to some extent), all equals US dollar strength this week.

USD/JPY Discussion

IMO, a good place of support for a bounce up. Keeping it simple., but of course I will be out of this trade well before NFP 200DMA, 50FIB from Feb2 weekly, and DS1 for a bit of confluence Good luck traders

NZD/USD

Unfortunately when the Nikkei is up 400 points in 2 days, the Yen is going down regardless of how precise are technical analysis may be.

Making Bank: The Harmonic rhythm of the market

Short from 94.97 on bearish butterfly harmonic pattern SL: 95.05 TP: 94.65 RR: 3:1 Good luck traders

AUD/JPY

Bearish Gartley

USD/CHF

1H bullish Gartley?

NZD/USD

Very good, thank you

AUD/USD

I am also short from 9320 area. Good luck. May I ask what are the yellow and red lines on your charts? Moving averages? If so which ones?

AUD/USD

Mission accomplished, free rolling into the weekend. Monthly pivot rejected again, down goes Frazier, down goes Frazier!!

AUD/USD

End of the month and price is spot on monthly pivot @ .9317, I would be surprised if the big players will be holding long into the weekend. Im short from .9323 looking for a 10 pip rejection so I can move SL to BE and have a free run at .9280 into ...

AUD/USD

Might as well pat myself on the back before going to bed. Good luck traders

AUD/USD

Short term looks to me like the .9310 area is going to be a tough nut to crack. 4H 61.8FIB, 100 and 200MA with monthly pivot just above. Maybe a trip back to home base at .9270 before seeing .9334 again. Just my rant, good luck traders

AUD/USD

Hmmmmmm.......

USD/JPY Discussion

Another interesting tidbit with this pair. It correlates at 81% with the Nikkei225 which was up about 0.7% in the past two days yet the dollar hasn't followed suit. Possible Nikkei correction back too 14000, possible correction in the SP500 after ...

USD/JPY Discussion

Yes sir, a good old fashioned typo 78.6 is the flavor of the day

USD/JPY Discussion

Harmonic guru Scott Carney considers the 78.6 FIB to be possibly the most important one. Illustrated nicely here as buyers defend next level below the 61.8 FIB.

USD/JPY Discussion