Quick GBP/USD head and shoulder pattern found

http://blog.tokyotraders.com/wp-content/uploads/2013/05/Capture-gbp-usd-30-min-head-and-shoulder.png

During my trading session i always find nice patterns that i will post about them…some will complete some won`t but it is important that when i find them that i will share it whit you guys..

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Quick USD/JPY Head And Shoulder

http://blog.tokyotraders.com/wp-content/uploads/2013/05/Capture-usd-jpy-HEAD-AND-SHOULDER.png

Hy evreybody here`s a quick head and shoulder pattern i saw today on a 15 min chart

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USD/CAD 4/22/2013

http://blog.tokyotraders.com/wp-content/uploads/2013/04/cad-usd-nice.jpg

I posted about this currency pair on February the 20th, saying that i was waiting a push down for a completion of the 4th wave and a clear sign that it has bottomed and was ready to turn around going for the 5th wave. At that time i was waiting for the 4th wave so that i am able to establish a price projection for an 5th wave end.  It happened and i also did the price projection for the …

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EUR/JPY

http://blog.tokyotraders.com/wp-content/uploads/2013/03/eurjpy-fain.jpg

Hello everybody.. i saw this opportunity .. i also tweeted it today… that was faster.. but i wanted to explain to you why i choose this currency pair and why i went short… We`ll first of all…  we can see on the chart we have there a 9 wave move upwards (elliott says that by counting  9 waves is equal to 5 and can be taken as a impulse wave..this is useful when we don`t know what kind of a …

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GBP/USD 04/03/2013

http://blog.tokyotraders.com/wp-content/uploads/2013/03/GBP-USD-channel.jpg

Nice consolidation… market dropped heavy.. now it rests ..gets more momentum…a break of that channel there.. to the downside i think everybody would expect it.. i mean take a look at the weekly chart and you see where the profit target is for that huge triangle there… is at 1.2190 area.. There is a lot more to go.. and i think that this channel here is  a nice spot to get in and make sure we are taking some profits …

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AUD/JPY 04/03/2013

http://blog.tokyotraders.com/wp-content/uploads/2013/03/AUD-JPY-daily-wave-41.jpg

Aud/Jpy looks very good right now… went for very strong push up.. same as Usd/Jpy… right now as you can see on the chart we are in a 4th wave of a larger 3rd wave.. what i am expecting from it is to form a complex pattern to develop (ABCDE). Why? because as we can see the 2nd wave had a simple correction (ABC) and as Elliott says one of them(wave 2 or wave 4) should be complex (not always!). …

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AUD/USD 04/3/2013

http://blog.tokyotraders.com/wp-content/uploads/2013/03/aud-usd-head-and-shoulder.jpg

Hello guys… i wanted to to share with you the Head And Shoulder that i found on AUD/USD daily chart. now.. i know it`s not a very nice formed pattern but it fits the pattern… and i got excited seeing the price action coming back and retesting the neckline…A break of that would take us to a probable 0.9636 area where we can find also a nice support area.. and a strong one too.. it failed to brake it since …

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Check out the march upcoming events!!

2. March.  Market Review >> Online >> 4 PM 13.March. Fx Workshop  (English) >> TTC Support Center (Jingumae, Tokyo) >> 7 PM 16.March. Open Meeting >> TTC Support Center (Jingumae, Tokyo) >> 1 PM 16.March. Market Review >> Online >> 4 PM 17.March. Fx Workshop  (English/Japanese) >> TTC Support Center (Jingumae, Tokyo) >> 1 PM 23.March. Market Review >> Online >> 4 PM 27.March. Fx Workshop  (English) >> Online >> 7 PM 30.March. Market Review >> Online >> 4 PM …

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USD/CAD 2/20/2013

http://blog.tokyotraders.com/wp-content/uploads/2013/02/usd-cad-daily.jpg

This is a daily chart of the USD/CAD currency pair where i saw a potential nice move with all its sub waves. On the chart you can see that the smallest degree of sub waves are the withe ones then bigger the yellow and much bigger the green. Anyway i think that we are maybe in a nice 5 wave up move that will complete a 3rd wave and if i am right this could be a larger move because …

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Sterling falls to seven-month low

From forexlive.com Cable has declined to 1.5428. There is medium-sized demand ahead of 1.5420 and better demand at 1.5400/1.5390 with stops below. Even if the downgrade rumor proves to be false, I don’t think GBP will snap back. The 2012 lows around 1.5250 are now easily within striking distance.

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