The EURUSD has completed a Bearish Harmonic ABCD pattern and will start a retracement towards the levels highlighted on the right in beginning of next week.
We can clearly see a resistance area at the 1.27 extension of the ABCD (at 0.6377) in the Daily. I am using that price to input a sell order there with a stop at 0.6415, risking 38 points.
- price at top limit of the overbalance level previously respected on Apr 16th 2018, May 24 2021. - previous time there was double top in W1 - if respected price may fall even to the parity
The market is very close to forming an ABCD at 207.92$ in the Daily. If we see the retracement from the previous high, we can see it is pretty much at the 0.618. I am inputting and order there and I'm going to use a 1.5$ stop loss at 209.42.
There is an ABCD forming at 13.7$ in the Daily. I am shorting there with a stop 20 cents above (13.9).
Price action & key levels analysis. Potential correctional movement explained. Trading recommendations and scenarios. ❤️Please, support this video with like and comment!❤️
USDCHF reached the year's low. The support that it composes matches perfectly with a completion point of a harmonic abcd pattern. As an extra bullish confirmation, I spotted a double bottom on 1H time frame with a confirmed neckline breakout. I expect a bullish move to: 0.8855 / 0.887 ❤️Please, support my work with like, thank you!❤️
We are very close to reaching point D at 159. I expect some sellers to come in as we approach there. I'm inputting an order to sell at 159 with a stop 60 points higher, at 159.6.
Selling at 90.8 with the stop at 91.5 (70 pts). It is the price at which the 1.618 extension (RED) and 1.27 (BLUE) from the same spot meet. The red leg formed a Trading Range (TR), and later on the Blue leg attempted a Breakout (BO) from the previous TR which failed, forming a Double Bottom (DB) in the TR. The failed BO trapped all the bulls that expected...
As per my new trade i idea i think UJ looks bullish in coming month i think we can see the price range of 155-161. NFA AB=CD in play
Get ready for an exciting bearish setup on USOIL (Crude Oil) that could potentially yield attractive profits. In the 1-hour timeframe, a compelling AB-CD pattern has emerged, signaling a strong trend reversal opportunity. The pattern's completion at 72.00 provides an optimal entry point for those looking to capitalize on a potential downside move. Adding to the...
SEEMS bulls taking control now respect the mentioned levels
AB=CD pattern at the of this constellation. We have cracked the top side of ABCD triangle on a climbing momentum. Hugging the top 2s.f. line of the Bollinger bands on a slightly trending Bollinger MA. Chaikin does show dropping vol, but I believe this to be part in parcel of general Wave B behaviour. Could be developing an inverted head and shoulder pattern in B...
GFS is forming a Three Drives to a Top pattern in the Daily just at the same spot of the 0.618 retracement of the previous swing. I am inputting an order to sell short at 65.43$ with a 0.75$ stop loss.
GOLD-USD is moving in BEARISH direction for a long time. However, in this technical analysis, several indications are presented which suggests the possible reversal of this precious metal instrument. Firstly, there is a presence of BULLISH divergence, instead the price is steadily DECREASING, the Relative Strength Index (RSI) has been showing a UPWARD movement...
Hi traders, We noticed a few key points we want to share with you today on the GBPJPY. We have an incomplete bearish ABCD harmonic trend hike. Once completed, we will expect to see another bearish wave. We have a bearish trend line that has been respected that is yet to be tested again this coming week. Should we break through, we will have our final...
Gold is moving near the 🔴 resistance zone($1922.6-$1919.8) 🔴. The cluster of Fibonacci levels is well visible in the resistance zone. Also, the Bearish AB=CD Harmonic Pattern can be seen. I expect gold to decline again to a 🟢 heavy support zone($1904-$1886.40) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your...
Nice looking short opportunity here Ride the wave down Bears in control this week,