Hello, traders! 👋 Welcome to another technical analysis. Today, we're taking a closer look at SPY. The chart illustrates a symmetry AB=CD pattern, which appears to be bullish on its daily chart. The price has reached an important support level at "D" 422.30000. The strategy is straightforward: we will buy above the entry level (EL) at 427.10000 with a confirmed...
Hello Traders👋, and welcome! Today, we are having a look at indices. The NAS100 chart on the daily timeframe illustrates an AB=CD bullish pattern. This pattern exhibits perfect symmetry in the swing from AB to CD. As we can see, the price has broken above the long entry level (EL) at 14677.2, indicating a possible bullish scenario. Stops are set below point D...
Technically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback...
Is XAUUSD getting ready for some serious pain? It seems like the gold is in the formation of ABCD pattern. If the CD leg plays perfectly it will be red bath for gold bulls.
Hello Traders, and welcome to TCPLTP! Today, we are examining a promising trading opportunity with the EUR/NZD pair. Let's delve into the specifics. To understand the potential of this opportunity, let's first unpack the AB=CD pattern. This pattern is a popular harmonic sequence in the trading sphere, noted for its symmetrical price legs. Currently, the EUR/NZD...
Hello traders, and welcome to our "Trade Chart Patterns Like the Pros" analysis. Today, we're focusing on AUDUSD, which offers an exciting trading opportunity. The AUDUSD has developed an advanced harmonic pattern, the AB=CD bearish pattern, on its hourly chart. The AB=CD pattern is one of the classic chart patterns which is repeated over and over again. The...
Calling all traders! We've got a fantastic EUR/USD setup unfolding on the 1-hour timeframe that you won't want to miss. Here are the key details: 🔑 Technical Analysis Highlights 🔑 📊 Fibonacci Magic: After a strong rally, EUR/USD retraced precisely to the 0.618 Fibonacci retracement level. A classic retracement pattern, indicating potential bullish strength. 🔄...
PEPEUSDT is in the formation of ABCD pattern. As the pair has completed AB and perfectly retraced the BC wave and now looking for continuation of CD length. If pair head towards CD the 1st optimum target could be the bottom of B wave. What you people think of it?
USDJPY is trading in bullish parallel channel and completed the AB=CD pattern within the channel. After pattern completion the pair is lacking bullish momentum starting to change its direction from bullish bearish and seems like bears are taking control. If the bears continue to took control , their next target will be 140.80 region followed by 140.
TRXUSDT has completed AB=CD pattern and form support zone. Currently the support zone is being sustained with strong bullish divergence. but price is still below the long term declining trendline. If the price gives healthy closing above falling trendline, it will be a nice buying setup.
NZDUSD is putting multiple bullish confluences. The pair has completed AB=CD pattern and now trading at strong support area around 0.6070 region. Previously bulls took charge from this level and made a ride of around 340 pips. Will the bulls took control from this level ?
NZDCHF | Forming ABCD Harmonic Pattern so we can enter on the breakout of the resistance.
BNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
Potential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging...
GBPNZD Moving in a parallel channel wait of the breakout on either side to get into trade or trade channel trendlines. Manage your risk accordingly.
Bullish AB=CD pattern is formed on currency pair GBPJPY and now the trend will be reverseded from D to bullish. Manage your levels accordingly.
The price action is trading in the upper band of this micro bear flag, key level. Expecting a downward leg to the demand zone, as the ABCD reciprocal (0.382:2.618) is targeting the region.
Will EURAUD complete AB=CD pattern. As the pair is currently trading at strong support zone, will this support provide a bullish impulse to pair?