One of my students actually spotted this pattern for discussion. Very clean & nice pattern formed and I thought that I share it with the community. Thanks Wei Ming for pointing this out in the Facebook Sharing Group : HarmonicForex Sharing Room. Everyone is welcome to join the group, just don't spam nonsense, we will remove you if you do. GBPUSD - Bullish Gartley Pattern completed and price bounced off the PRZ. Since we are already late to the party, an alternative trigger will be to wait for either one of the following: - a retracement back to the PRZ - a formation of a continuation patt ..read more

Good morning everyone, I was just preparing for a meeting with some business owners this afternoon and was comparing the Euro Dollars against our Singapore Dollars, so as I can share my thoughts on the currency movements with them. It is like a perfect storm in the making. The EURSGD looks to rally on all 3 fronts. First let's look at the Weekly chart for this pair: We are now currently at the PRZ, the pair seems to have found the support here at 1.5000 for the past 2 months since November 2019, with multiple bullish patterns holding at the support levels. EURSGD H1 Chart: Both the Bullish ..read more

Market Outlook and Analysis (2019 WW52) Currency Pair: GBPUSD GBPUSD D1 Chart – Resisted but held up by the Support Trend Line Prime Minister Boris Johnson got a major boost by winning the 12th Dec election by a larger than expected majority. This ensures that Brexit will happen at the end of January 2020. The GBPUSD spiked on the election day and got resisted at the sell zone around 1.3320/80. The next dead line will be at the end of 2020 where the UK and the EU has to formulate a trade agreement. This 11-month transition period would be critical; hence the risk of a No-Deal Exit is still a ..read more