Posted on

EURGBP – Bearish Structure

EURGBP – Euro/Pound EurGbp is trading in a possible triangle. Triangle could be a possible wave B, and upside is now limited. See the line chart below to see the bigger picture…  Also note the possible bearish ABCD Pattern, with 2 equal legs coming in at 0.8000 (longer term view) Wave structure is now turning […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

USDZAR – Bullish Gartley

USDZAR – Dollar/Rand UsdZar is carving out a perfect bullish Gartley. We don’t really trade UsdZar due to all our accounts already in Us Dollars, but for those of you who would like to trade UsdZar… Perfect Bullish Gartley, invalidation level comes in at R12.30 Next resistance area R13.60 and second target R14.10  

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

USDCHF – 4 Good Reasons to Trade this setup

USDCHF – Dollar/Swiss On the Daily chart, UsdChf is approaching some confluence of Support area. UsdChf is currently trading on the 2 year long trend line, and we could see some bounce here soon. Current prices also a possible retest of a broken triangle…  See here how to trade triangles. On the 4 hourly chart, […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

EURUSD – Bearish ABCD Pattern

  EURUSD – Euro/Dollar EurUSd has reached confluence of the 0.618 Fibonacci retracement from the 2016 highs, the 1.618 extension of the rally fro March/April decline and ABCD Pattern resistance from the January 2016 low. This is significant confluence and we would like to get short back to the big support level around 1.0825 See […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

GBPUSD – Trade Setup

GBPUSd – Pound/Dollar GbpUsd trading in a possible ending diagonal, and risk reward ratio is now very beneficial… On the Daily chart, a possible wave C, just completed and we would like to get short with current price action Sell GbpUsd at current market price  1.2930, with stop loss at 1.3030 and take profit level […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

Intraday Updates

CADJPY – Canadian Dollar/Yen Still looking good – 5-0 Harmonic Pattern still in play USDCAD – Dollar/Canadian Dollar 5 Waves down, now waiting for 3 wave pull back to enter again short.  Invalidation level comes in at the high 1.3800 First target 1.3540   EURCAD – Euro/Canadian Dollar EurCad made a nice bearish turn on Friday, […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

AUDNZD – Great Potential – Double Zig Zag

AUDNZD – Aussie/Kiwi AudNzd is still one of our favourite setups – longer term. Remember the Head and shoulders pattern? Head and shoulders pattern confirmed and the measured target comes in at 1.1200 (long term target) AudNzd is trading in a impulsive manner and currently seen as corrective wave and could resume impulsively anytime soon…  […]

To access this post, you must purchase Bamboo Monthly Forex.
Posted on

Strategy for NFP

EURUSD – Euro/Dollar EurUsd is approaching big resistance.  On an Elloitt Wave structure we could see a reversal soon… Its on top of the Ascending channel, double zig zag completion Note on first chart, triangle breakout measured target comes in at 1.1055 And with NFP on tap today, that is where we would consider to go […]

To access this post, you must purchase Bamboo Monthly Forex.