Hi Traders,
We have come to the end of Jan. Time really flies when you are having fun. If you have been following my posts, we have been getting some nice trades. Just in case you are still not on my Facebook group, look for us at "HarmonicForex Sharing Room". Else continue following us on this website blog.
Looking ahead to February, were most of us in Singapore will be celebrating the Lunar New Year, but before that I would be looking forward to these Gold and JPY trades.
Lets have a look at the GOLD charts. On the daily chart, price have reacted to the Shark pattern, this starts to give me a bearish view for gold. The up momentum seems to have stopped, forming a double top.
Fine tuning to the Hourly chart, I spotted two potential Bearish pattern. A smaller Gartley and a bigger Bat pattern. Let's see how price retraces up to these PRZs. I will take the trades accordingly. It could just be resisted by the support TL and start falling immediately.
The bearish patterns forming on the yen pairs are telling me that there could be some strength in the yen these next couple of weeks. If you missed my analysis on the the CADJPY over the weekend (Click Here to read)
Trade well and trade safe !!
I am reaching out to my overseas followers here, if you are open to learning Harmonic Patterns via live webinar sessions, just drop me an email (boonhooi@harmonicforex.com). I would like to connect more with you guys from the website and grow the community beyond the boarders.
Also.....
- Follow me on the "HarmonicForex Sharing Room" facebook group
- Like my HarmonicForex page
There are so many things planned for you
And for those in Singapore, an INVITATION to my classroom sharing session. This is where I will show you how I used Harmonic Patterns together with the various TA analysis.
Highly recommended to those who are serious in trading, bring your friends along too. See you soon on that evening.