EURGBP Harmonic Pattern (BAT or CRAB)

Ni el uno ni el otro... (noneone)

GBPUSD Head & Shoulders H1

Head & Shoulder`s body have to be below the pattern. Trivial error.

Thanks a lot Paulo.

This one is coherent with the Bearish Diamond formation spoted some days ago.

Related posts: http://gustavoforex.blogspot.com/2008/06/gbpusd-bearish-diamond-formation.html

GBPCHF 1 hour Bullish inverted Head & Shoulders

This one could confirm the bullish channel within a bigger bearish one.

GBPJPY Gartley

UPDATE (Jun/09/16:49)

First Target hit. Not bad at all.

UPDATE (Jun/06/18:51)

Leg CD unfolded as expected.

Now lets short the pattern.

Videocast available @ http://www.screencast.com/t/qlRKyXNaNU

ORIGINAL POST

Thanks for the help to spot it John.

A little late, but i think there is still place for some pips trading CD leg.

When completed, the "short" side of the pattern becomes in action.

GBPUSD Bearish Diamond formation

This is my first work in Diamond formations, since i recently learned to spot this one. Thanks for that Paulo.

First target is already reached.

EURAUD Bullish overview - going well

UPDATE (Jun/10/11:55)

Ok, nice trade. Target almost reached. stopped twice but because a tight stop. Reenter and things went all right.

Now, in the red rectangle, pair is possible unfolding an AB=CD pattern, or maybe a Bearish CRAB.

UPDATE (Jun/09/16:40)

BAT metamorphed to a butterfly?

UPDATE (Jun/06/06:22)

UPDATE (Jun/06/2008/15:40)

Within the bullish outlook, this is a bearish BAT.

In the next pic I`ll try to link this BAT pattern to the EW forecast.

Dont forget we are in a ABC correction.

UPDATE (Jun/06/2008)

Well, that 5th wave was a pain...

This is my new count, which can be the begening of a new harmonic pattern. Initiallly looking for a Gartley, so expected target will be 61.8 level @ 1.6898, beautiful number.

UPDATE

2 Divergences. The first one didn`t work because it did not give us an entry.

The long red candlle was the GDP announcement in Australia. I didn`t see it coming. Anyway, i think the gap will be filled. Take a look of the meter in the news announcemet.

Original Post

This is another point of view of the bullishness of the pair. Easily we could be 6 months from here in the upsidie movement.

for more info about this pair go to:

http://gustavoforex.blogspot.com/2008/05/euraud-bullish-retracement.html

http://www.pipomatic.com/forum/aud-pairs/euraud-time-to-be-bullish/page-1/post-21/#p21

EURJPY bearish outllok

UPDATE (Jun/03/05:54)

UPDATE

A bullish retracement inside the bearish movement.

This divergnce, also confirmed in M30 & M15, reinforeces such a retracement.

 

ORIGINAL POST

Looking at the Monthly time frame, we can se that the pair is clearly retracing form the last down movement.

That ratracement is by now around the 38.2 level, which could be the point "B" of a possible "BAT" pattern.

Elliott Wave count give us a 5 wave movement to the upside, which can be the wave "A" of an "ABC" corrective pattern, so one can expect the price to go down now, unfoldong the correction of the actual 5 waves movement.

In the Weekly time frame, we can see that the retracement for the 5 waves impulsive movement to the upside, bearly went a little below the 23.6 fib level, which is not a common level to find support, so we can expect the price to continue going down looking for the 38.2 .

 

There is an important triangle that seems to be is being repected, meaning that even though price is retracing, it will not necessary do down to 38.2 level, so, for now, i will trade just the triangle, having as target the lower edge of it. 

Additionally to the triangle, i see a bearish BAT. This one i will trade with an entry at the break of the 38.2 fibfan level in the H4 time frame.

2 Targets. 1st. one, as my Money Management, 30 pips. The 2nd, as a free trade, looking for the lower edge of the triange, moving SL every 30 pips gained.

This is another point of view...