mddon

mddon

This pair is getting more interesting with the converging bearish harmonics patterns that is observed. From Dec 2016 High, price started forming a bearish shark which has just been completed at 0.886 retracement of XA. We have two other bearish ABCD patterns that are also completed at 1.27 extension of AB, all these can be seen in the analysis herein. Therefore,...

mddon

Price currently in a buy zone having completed a bullish shark harmonic pattern @ D with 0.886 retracement of XA. price is also around a bullish trend line having created hidden divergence. Therefore we can take a buy order at market price or pending order (buy limit) @ 113XA i.e 0.71034, sl @ 0.70629 and Tp @ 0.71631

mddon

Price has just come to a last year Trend line signally a bullish move. In addition We have two harmonics interplaying, (AB=CD with price around D, and a Bearish Cypher with price at C waiting for the completion of D leg. THerefore a buy at 1266.859 SL at 1229.575, Tp1 at 1304.143 and Tp2 at 1329.548 will be ideal. When price eventually get to D (signalling the...

mddon

Price is currently at a major supply zone, so I'm expecting to short. From this H4 analysis, we have a rising wedge that has formed as price is heading towards the peak of the channel. It is also obvious that the RSI has formed a divergence for over two weeks. In addition, I'm expecting to see a head and shoulder formation, therefore a sell limit at 72.76, Sl...

mddon

Price is at Major Resistance Price is at 0.618 fibo retracement Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.

mddon

Bearish setup on AUDJPY with two Harmonic patterns showing a possible reversal. 1. Bearish Butterfly with a well extended D leg of 1.618XA 2. Bearish Deep Crab with 2.618 extension of XA Price is currently at a supply zone and has created a double top with a bearish regular divergence on both H1 & H4 I'm also projecting a head and shoulder price pattern an...

mddon

Bearish setup on AUDJPY with two Harmonic patterns showing a possible reversal. 1. Bearish Butterfly with a well extended D leg of 1.618XA 2. Bearish Deep Crab with 2.618 extension of XA Price is currently at a supply zone and has created a double top with a bearish regular divergence on both H1 & H4 I'm also projecting a head and shoulder price pattern an...

mddon

Bearish ABCD Pattern just almost completing the D leg signalling a pull back of over 40pips. Its obvious price has been trading within a channel for approximately two weeks, and currently at the resistance of the channel. Price is also in a supply zone, and finally we have a bearish regular Divergence on H1. With all these converging technical view a Sell limit at...

mddon

The pair is in a resistance, and has had the trend line broken and retested at a price that created the peak of last week. In addition using an oscillator it is obvious that price has created a bearish exaggerated divergence and finally a bearish shark harmonics has been formed and valid @D, thus a sell using instant execution @ 1.6718 or SELL LIMIT @1.67787 won't...