AUDJPY - Bearish Butterfly spotted which confluence my short analysis at the same spot

Found another bearish butterfly on Aussie Yen

This morning my analysis (not looking at harmonic patterns) was to sell at 50% retrace area / pivot weekly / 127.20. Little that i know that there was a potential bearish butterfly. This correlates very well with my analysis for this setup.

Hope this goes in our favour

Happy trading!

Howard

#Forex_Trader168

USDJPY - Bearish Butterfly Harmonic Pattern

Hey Guys

Spotted this one on the US Yen pair.

This morning my analysis was to sell at the 141.4 Fib extention - it got filled

then i realized this was in play (Bearish Butterfly)

Happy trading guys

Cheers

Howard

(#Forex_Trader168)

*Updated 3:21PM GMT
Took profits at around 29 pips / 25pips / 10 pips (3 levels)

AUDUSD Daily Outlook for 20th December 2013 (Friday)

AUDUSD Daily Outlook for 20th December 2013 (Friday)

Daily Chart

• On the daily chart it broke through the August 30th Lows / broke through 100% full retrace
• Because of this we expect the market to go lower after retrace and towards 0.870

Hourly Chart

• Market was trading within range yesterday, however at the time of writing it has broke up from the range yesterday,
• We are aiming for the market to go up to Daily Pivot R2 and go short from there
• At that level there is a 61.8 retrace, and FE100 which gives room to short to go back to FE127 at least

Outlook Trade opportunity

Our Short limit placed at 0.89050 - for around 30pips partial tp, and let market play down to new lows. Lets hope we get filled

Risk Level Low

Tips -

Always take note of any economical news event on our provided calender below

USDJPY Daily Outlook for 20th December, 2013 (Friday)

USDJPY Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Held quite well at the new support area 
• We are looking for 105 before some bigger entrancement 
• Please note the bearish butterfly is still a potential setup to the downside

Hourly Chart

• On the hourly the new support is very well respected
• We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade
• Stochastics are overbought, but if goes higher, to 104.50 possible divergence 

Outlook Trade opportunity

We will look for opportunity to short at the 104.50 (141.4 fe) for a small trade for at least 15pips profit where we will tp 80% of the trade and leave2 0% to run lower 

Risk Level Medium

Tips -

Always take note of any economical news event on our provided calender below

AUDJPY Daily Outlook for 20th December, 2013 (Friday)

AUDJPY Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

Respected the descending trend line and support quite well

• Good rebound from the descending bottom trend line channel and support
• We expect the market to pause at the 50% fib level for a small shorting possibility

Hourly Chart

• A strong upward move from Tuesday , we expect the market to go closer to the weekly pivot / 50% retrace fib area and should take a breather there.
• The Stochastics are very close to overbought area (+80)

Outlook Trade opportunity

Our sell limits are placed at the 50% retrace area / pivot weekly / 127.20 -141.40 fib extension. We will take profit with a 1risk:2reward and will take partial profit when it hits 1:1.

Risk Level High - due to the strong uptrend

Tips -

Always take note of any economical news event on our provided calender below

EURUSD Daily Outlook for 20th December, 2013 (Friday)

EURUSD Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Euro Continued to go lower, and now getting close to major support area of 1.3620
• We expect the market to stall and minor retrace at this area

Hourly Chart

• good buying opportunity right now while i post this blog!
• Prices are at major support area (61.8% retrace from swing from december)
• another 61.8 level from oct high to nov low
• good s&r area from day chart, 4hr, 1hr charts
• We expect the market to stall at this area and retrace from the recent down trend

Outlook Trade opportunity

Go long now at around 1.3620 - Have three levels of TP 1.365, 1.36670 and third is 1.37 with stops b.e

Risk Level - Low

Tips -

Always take note of any economical news event on our provided calender below

EURUSD 15min Bat harmonic pattern

EURUSD 15min Bat harmonic pattern

• Took the trade, and by the time i post this on the blog it was up 12 pips
• Took it because it was close to today's low, and hourly stoch was oversold

Took partial profit already

Cheers