GBPUSD is approaching the Weekly Chart's Key Resistance Level that completes at 1.1872. What's nice about this setup is that a potential ABCD Pattern completes at that level, and that, gives a combo trading opportunity.
Buyers came in strongly from 6 weeks ago and broke the EURUSD downtrend. Now is the time for them to rest and an opportunity has been created for the rest of the traders. The fixed ceiling of the Fibo zone is 0.618, which this week saw a retracement of this zone, forming a V for us. In order to continue its uptrend, this chart needs to correct when it breaks away...
Winter is coming and we will see the weakening of the euro . The price has changed from an upward phase to a downward phase, and this downward trend can also be a correction for a major upward trend. Therefore, it is better to exit the trade at the first profit tick and pay attention to the range of the specified areas. Do not forget about risk management and...
The trade has a risk-to-reward ratio of 1 to 6. A profit limit of 2 is a good point to exit. 3 and 4 are good points after breaking the profit limit floor. Profit limits 5 and 6 are very risky and have high risk. When the price reaches profit limit 2, empty half of the volume and when the next targets are reached, empty the remaining volume , 0.25 per target....
I am still not believing in bull power, so I am trying my chances with the ABCD on H4. And a tiny SL just in case it goes for more.
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time. But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December. If we get there earlier and go through 4200 then a major low could be in and we head...
If Tron Breaks out of this Consolidation Pattern on the Weekly/Monthly we could see it begin an ABCD BAMM to Finish off an AB=CD Projection on the Logscale Chart that would take it up to the 2.618 Fibonacci Extension Above.
This is an Update/Reminder of a Previous Similar Bearish Idea I had on $TSLA before the stock split. I'v felt that it is necessary to post a fresh updated readjusted chart to account for the post-split price action. If you want to compare this chart with the original chart check the Related Ideas Section Below. $TSLA as we look at it today continues to Bearishly...
XRP is sitting above the 89 and 200 day Moving Averages and has developed some nice looking Hidden Bullish Divergence if it holds out we should atleast see XRP come up to the 1.618 Fibonacci Extension. Ethereum's activity overall is not looking like a very fun market to sit in however there are many alts that seem to be setting up to take ETH dominance away from...
After completing AB=CD and upward correction, the price has reached the range of dynamic and static resistance and is forming a reverse AB=CD pattern. If the trend slows down and forms an ending pattern in PRZ, it has the potential to go back down .
Hello and welcome to this analysis Upon completing a Bearish 5-0 Harmonic pattern it has formed a Bullish Harmonic AB=CD (62/162) at 225 and at the same time activated another Bullish Harmonic AB=CD (38/224) 225-215 PRZ. Bullish reversal is being seen today. As long as its above 215 it can do 250/275. Accumulate in the zone of 225-235 Good risk reward set up at...
We can see that DXY is still stucked at CP level Patiently let's wait for the price to drop /discount further Filling our FVG, Untapped Demand Zone and tap on Our resistance falling channel. Upon that we will be taking Long positions tapping our Major Supply zone.... From that Supply we will be taking short positions
The price is currently stucked.... Patiently we will wait for the price to broke the Low and extend further as we will be eyeing Nas Price has to fill our Fair value price negotiation and confirm the end of Bears We will take Long positions once the price tap our Demand Zone
Good day traders, We see the XAUUSD/ #Gold respect our previous analysis , we now have a clear undrstanding of where the Gold commodity is headed. We believe that our next target is 1567 from which the price will begin to grow again. We are currently slightly oversold on the lower timeframes thus we anticipate a minor retracement. We can not confirm this...
Gold has arrived in a downward trend and is now exactly in the PRZ of the AB=CD pattern I expect an upward correction range based on recent bullish candlesticks
last 2-3 weeks we seen huge buying in OMG coin, in upcoming months its to going pump very hard. entry and targets are given on the chart. Treat this idea as long-term investment please Like and comment if there are any queries.
What I expect from MATIC is to correct the previous powerful bullish step in the form of a flag pattern and repeat the previous step. Be careful in your transactions, the analysis will be updated