We have a Bearish Bat developing  on the GBPUSD 4 hour timeframe Has a bit to do yet to get to its predicted D point , but if it does it could be a good one to take back down to around the 1.57 area. One to watch for the longer term. If price breaks […]

Pattern that was emerging on AUDUSD had now failed , as price dropped below C point and now A point .

Found an emerging bearish bat on the AUDUSD. (note this pattern is now invalid see post after this one) Video also shows how to contruct a harmonic  pattern.

Medium term analysis here but one to watch if the price works to this pattern. So here is the 4 hour chart right now we can see price possibly turning at the 61.8 retracement. If the price action here continues up then the pattern can be seen to be forming . C point of the […]

In addition to running a daily trade room starting around 7AM uk time and our own trading signals the members area of our website also contains  4 essential modules. Lets take a look : The first module monitors for candlestick patterns this monitors 60 charts: You can make choices here for what you want to […]

Long position taken off a Bullish Bat generated by the new addtion to our harmonic alerts software. Had a bit of drawdown on this but then trade took off nicely, took out the 50% retracement and then stalled out at 61.8 . Where we closed on a reversal after previously taking 1/2 profits and moving […]

The eurusd has been stuck in am 80 odd pip range last few days . I dont think anyone really wants to go long on this pair right now so we should be looking to short it on a break under 1.22 If we do move to the upside then look to short on a […]

Tommorow ( Thursday ) is the UK bank of England interest announcement . This as normal is widely expected to be kept at 0.5 % . They will also offer a statement which normally moves the markets one way or the other , if they hint at more QE then expect some moves to the […]