Garley pattern forming nicely within a channel, right now there's a flag pattern forming as well. The pole of that flag lines up with the completion point of the Gartley. As you can see we just broke above the B point of the Gartley, so now it's time to put this trade on your radar, if you are interested in these kind of setups. Stops and targets go where your...
EURUSD 4 HOURS CHART ANALYSIS - TECHNICAL SIGNAL www.cambodiaforex.com
EUR USD 4H (inverted head and shoulders)
Looking at my ABCD harmonic pattern, i believe a possible Long position may occur.I will make sure to place my entries after the pattern itself has completed to allow for the right entry and the stop I would place below the entry according to your own risk management. As a beginner I would appreciate any help and guidance on the chart, just leave a comment, thank you.
cypher and bat on 4hr chart plus a trendline that should provide some resistance. looking at price action within the 'short entry zone' to open short. close/clear move above the TL (blue line on chart) will invalidate this for me this could be heavily influenced by the FED decision, so smart money management to control risk, ie low leverage and only 2% of equity -...
On FX:AUDUSD , the bulls are in control of the price and getting close to the previous structure high. When bears are going to step in? it is more likely soon, as big orders are mostly placed at structure levels. In addition, there is harmonic moves, where the valid gartley pattern appears, which increase the probability. This pattern gives a clear guidance,...
Looks like the AUDCHF.
Last week the dollar weakened prior to FOMC, helping the Cable rise during the first three days of the week. The UK GDP coming out as expected also supported the rise; illustrating the economy is doing well. In the FOMC statement on Wednesday the FED referred to solid job creation and said there will be an increase in interest rates following 'some further'...
we can see 2 bat patterns on the 4h timeframe: 1) the first one close quite above the 1,272 fib level ( considering trend harmonics) so this might nog be so significant, though I believe we will see a little drawback in the red square 2) the second one closes right at the 0,886 fib level of the freefall in January. It's also not that far away from the HC in...
It looks as if bulls have exhausted their run. Price was rejected at the descending daily resistance (pink) and was followed by a retest of our ascending resistance zone, printing a bearish shooting star. A divergence in the RSI can also be observed below this price channel. It is important to note that each top was followed by a 61.8 or 76.4 retracement to the...
looking at previous Price range, we can see it has broken the channel and is now heading for a retest of that level ( blue line). Because we're in a long term bullish trend, chances are we will see a bounce at that level, as we will also have a finished bullish gartley pattern and a AB=CD if we would continue a little lower, not violating our X leg.
A bearish Shark pattern has been completed on USDCAD 4H timeframe. Shark is one of the most probable patterns as the completion D point naturally falls at a significant level. In this case D point is the 3rd retest of the 1.25620 level. The beauty is that even if price fails to reach the level and falls short, but achievs 0.886 retracement of the XC distance,...
Long Entry setup (My opinion, not a suggestion, nor recommendation) Details on chart