due to the weakness of the price to climb; We can expect a correction. The levels that can act as resistance for the price have also been identified.
Ah, the AB=CD pattern, a classic in harmonic trading! In the context of forex trading, the AB=CD pattern is a geometric price pattern that helps traders identify potential reversal points in the market. It's formed by four points, with equal time and price symmetry between the legs. If you're looking at the USDCAD pair and you've identified an AB=CD pattern, you...
I see an ascending butterfly pattern in this chart, this currency can grow significantly, I also analyzed it based on Fibonacci and it seems that it can surprise me.
GBPUSD is on a Weaker Bull Trading setup, if you are looking for buying opportunity there are 2 trading opportunities for you. The Bullish Shark Pattern may form on the daily chart at 1.2343, alternative you could wait for a retest of support at 1.2559 on the 1-hourly chart. If you are looking for counter-trend trading opportunity, the 1-hourly chart do have a...
Hi dear friends, hope you are well, and welcome to the new trade setup of SKALE (SKL) with US Dollar pair. Previously we caught almost 22% pump of SKL as below: Now on a 4-hr time frame, SKL has formed a bullish AB=CD move for the next pump. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
Hi every one EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement...
The analysis suggests a 'Strong Sell' recommendation for USDJPY based on the identification of a harmonic pattern, specifically an AB=CD pattern. Additionally, the analysis incorporates Elliot Wave analysis, supporting the bearish outlook for the currency pair. This combination of technical indicators indicates a potential downward trend in USDJPY, emphasizing a...
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...
It appears EURUSD is currently within a Weaker Bull Trading setup. For trend traders, waiting for a counter-trend opportunity might be a potential strategy. Counter-Trend Traders, here are two considerations for your approach: As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer...
Gold Market Analysis Symbol: XAU/USD (Gold to US Dollar) Technical Analysis: on ABCD wave in C position Forecast: Considering the technical and fundamental analysis above, gold is likely to move towards SHORT. Caution is advised, and entry and exit points may vary based on market conditions. Trading Guide: Timely Entry: If the downtrend is confirmed, entering...
BTC had formed an inverse head and shoulders pattern. I said in the analysis a few months ago that the price followed this pattern and will soon reach 43,000 . The expected movement is measured as the price movement (AB=CD). Keep in mind that the next big resistance for BTC will be around 43k. previous Analysis _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _...
Both adhere to the patterns of mass adoption cycles, culminating in a conclusive phase of secular adoption. Bitcoin is now in the Z phase and moving much faster than Gold due to instant allocation ability globally. Welcome to the Z, how high this goes before a cooling off period like gold in 82-02? we're about to find out.
Important update for WTI. Price action analysis. Important key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Looking for a continuation up CAD price falling this week Bullish Pennant
- Sentiment was improved last week, although I don't think it will last - Price completed the D1 Bearish Gartley combined with 1:1 and is now at the in the resistance Zone @ 33770 - Bond yields will probably not go up, so they are good alternative for stocks
- DAX rallied on the dovish Powell's conference - The price hit the resistance cluster at 1:1 + FR 61.8% + down-trend line - The fundamentals are still not very encouraging - Geopolitics don't help
Looking for US30 to continue shorting, although the previous swing structure did not reach premium, this for me is a c setup
A look at as potential bearish structure trade on the USDCAD using previous structure resistance & multiple AB=CD patterns to build our case for entry. If you have any questions or comments about the idea, or if you just want to share your own views, please leave it in the comment section below. Akil