This week, I'm eyeing a potential buying opportunity on NZDUSD, and here's my trade plan: 1. Bullish 5-0 Pattern on Weekly Chart: The NZDUSD is currently in the zone of the Bullish 5-0 Pattern on the Weekly Chart, signaling a potential buying opportunity. 2. 4-hourly Chart Setup: The 4-hourly chart presents a candlestick confirmation at the Potential...
The SPX is trading within a Broadening Top near the Demand Line of the pattern, aligning with the 0.618 Retrace after developing a Bullish 5-0 Harmonic Wave Structure. If it plays out we should get a Higher High within the range, which could take us to the Fibonacci Extensions above the current highs.
I'm closely monitoring AUDCAD, and here's why: 1. Bullish Flag Channel Breakout on 4-hourly chart: - AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart. - This breakout suggests a potential bullish move in the market. 2. 5-0 Pattern on 1-hourly chart at 0.8829: - Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern...
If you're navigating conflicting biases, here are two potential setups: 1. Bullish 5-0 Pattern at 149.96: Long Opportunity - Engage in a long position based on the completion of the Bullish 5-0 pattern at 149.96. - This pattern signals a bullish bias, providing an opportunity for traders expecting an upward move. 2. Type2 Bearish Shark Pattern at 150.67:...
the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern. Bullish 5-0 pattern should be formed, not necessarily mandatory, in the downtrend so it can have a much higher success rate. Bullish 5-0 is drawn as Shark pattern, but with additional C-D leg. That means you can first have the Shark pattern on the chart...
ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards. The Shark pattern here is...
Starting wave correction for 5 impulse pervuce Down momentum buyer 1 .618 time cycle reversal HD _ between 3 & 5 impulse wave
I'm keeping a keen eye on what I consider a golden trading opportunity - the retest of a Bearish Shark Pattern coinciding with a higher timeframe Type2 Bearish 5-0 Pattern on the Daily Chart. My plan is to wait for a retest around 184.15, aiming for a shorting opportunity. What's your take on GBPJPY? Any strategies or thoughts you'd like to share?
Harmonic Bat Pattern Harmonic ButterFly Pattern Harmonic Crab Pattern Shark & 5-0 Pattern www.geocities.ws
Coinbase near the range lows has formed a Bullish 5-0 and has also back tested a Golden Cross as support; as a result, Coinbase should soon be targeting a range breakout that takes it to the 0.382
GBPUSD exhibits a stronger bullish trend compared to EURUSD, despite a Weaker Bull Trading setup. I'm eyeing a buying opportunity for a longer-term trade strategy. However, this doesn't deter me from considering a Bearish Shark Trading setup on the 1-hourly chart as a potential shorter-term play. Simultaneously, I'm patiently awaiting the formation of a Bullish...
My overall sentiment for Oil remains Bearish, though my midterm sentiment has been Bullish, as I think WTICOUSD needs to come back up to revisit some of the highs above 100 and face one last rejection from those levels before I will be fully convinced of oil making significantly lower lows. For the time being, Oil has dumped below last week's range but is now...
The 4-hourly chart showcases a compelling Bullish 5-0 Pattern retest accompanied by an RSI Divergence. While direct engagement in the trade is an option, I'm personally inclined towards waiting for a Bullish Gartley Pattern retest around 186.39. This approach significantly mitigates risk while still allowing for favorable profit potential—a strategy centered on...
[ ] The "Potential Reversal Zone", or PRZ -is between the 50% fibonacci retracement level at $32.66K and the 66% retracement level at $41.51K. -----THE WHY--------- [ ] ((the primary tool in all of my technical anaylsis is the use of the "golden ratio" in forecasting 'pivots" as the 61.8% retracement level is the primary guide. The 50% and 66% fibonnaci...
↪️ARB is engaged in Elliott wave surge following the formation of a twin base pattern on a daily timeframe. Analyzing from a 4H TF I spotted a bearish flag which suggest further downward move to the daily horizontal support. Following a prolonged 5-wave surge, the ABC adjustment has commenced. Currently, the motion is in wave 3, and I anticipate its conclusion in...
NZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending...
GBPUSD is currently indicating a Weaker Bull Trend . Here are potential strategies for different trading approaches: Trend Traders : Waiting for a Bullish 5-0 Pattern on the 4-hourly chart at 1.2334 might align with your strategy as it complements the ongoing bullish trend. Counter-Trend Traders : For those seeking a counter-trend opportunity, a shorting...
In addition to the Bearish 5-0 I pointed out before on a previous chart, the ZARJPY has also formed a Potential Bearish Head and Shoulders that is visible on timeframes even as high as the monthly with Bearish Divergence on the MACD and RSI. If The Carry Trade truly is to be dissolved, the ZARJPY should be among the currency pairs that are most severely affected,...