Confirmed by a possible small ABCD Pattern (pink lines). TP1 - 38,2% Fibo TP2 - 61,8% Fibo SL little above X
GBP/USD is forming nice AB=CD pattern on the 4H chart. This pair has exceeded its C target setting the stage for a move to point D which will at least 100% of the A-B move. The B-C move should never exceed 78.6% of A-B, with that said we will set a stop of 100 Pips which will be slightly more than the 78.6% threshold. It's very well possible point D stretches...
Potential Bearish Gartley pattern. We were waiting for a bullish gartley but market took reversal and now we forming a Bearish Gartley pattern.
EURUSD has completed a Double Top. The RSI is overbought but there's not a good divergence. Therefore an ABCD pattern is in the process. I don't want to be aggressive so I'll be prudent on this cross in this moment as there are a lot of rumors and news regarding EU. My idea is to wait a 2618 setup to go SHORT.
@TradeYodha TradeYodha.com #EURUSD Short (200sma, ABCD Pattern, Fibonacci Extension) Analysis 1. Previously Weekly Structure Zone 2. Fibonacci 61.8 confluence with 200sma 3. Fibonacci extension 127.2 perfect confluence with 61.8 fib level 4. ABCD harmonic pattern in the zone Trade Management: 1. Two Targets 2. First target completes at 1:1 R/R ratio 3....
Crucial week for the EURUSD with the Greek saga reaching another deadline. Which one of these patterns will be completed in the following weeks? Bearish AB=CD pattern - Valid as long as the EUR stays above 1.1 Bullish Gartley - Possible Aggressive C entry (bearish) near 1.14 with final target near 1.08 Last week the EURUSD bounced from the 1.11 support zone....
- Gold/USD is showing continual downward pressure finishing a ABC of the ABCD Fibonnaci pattern. Its currently held up in a Cumulus Cloud formation but moving lower (which has turned to a bullish stratus, sign of indecision & consolidation) - The C of the ABCD peaked just above the 61.8% Fib level and is now moving down to its previous low - We have confluence on...
An ABCD pattern is completing on EURCAD H4. Therefore we're waiting for the CD leg formation of a Cypher pattern. So we could go long after the CD leg of the ABCD pattern is completed and then we'll wait for the Cypher to go short.
Last time I've mentioned about a bullish Gartley on USDCHF Well as you can see guys we have another signal that this scenario may occur as an ABCD Patter is likely to be formed. Worth watching.
UPDATE #1: Price action has NOT confirmed the move higher. Therefore on sidelines for now, waiting for further confirmation. Hello Traders, Here we have gotten the completion of a harmonic ABCD pattern, do keep in mind this is a DAILY time frame. Due to the bigger stop loss, I will be looking for long opportunities on lower time frames, in order to keep my risk...
Spotted a potential ABCD setup with a shooting star candlestick off the 38.2% fib and confluence with support and previous analysis target, will be adding to my current position from this setup
I use the harmonic alternative bat in conjunction with channel as my entry technique to go long. With this entry I'm taking an agressive CD leg of the AB=CD pattern. Also, RSI is showing sold out conditions at the 4H. The Daily chart is showing a tap to the midline of the Bollingerband and a RSI stalling at the 50. My stops will go below 0.7213. Still the risk...
GBPUSD has broke the Cumulus formations and moving higher. The Chikou-span (lagging line) has also broken the cloud confirming the move up. Future clouds has some Stratus formations, price has slowed we will wait to see if price will pick up and move higher. Some serious resistance at 1.58 price areas before moving upwards to the 1.62 price area Stops just...
1. WW4 has now begun its climb up 2. WW4 is C-D leg of ABCD pattern. 3. WW5 and D leg will begin around the 1.60 handle. 4. Strong supply at 1.60 handle. The pattern has not completed yet so patience is needed. But looking at price action there is a high probability rally to 1.60 regardless. Please see @4xForecaster on tradingview and twitter to have a...
Well, I don't know if there's something I need to add. This scenario is very likely to occur and I'm really waiting for it. Worth observing, nice R/R ratio, high possibility for profit.
We're getting towards an interesting area on GBPUSD, where we got some harmonics and structure. I'll be looking for a short entry arround 1,56.
Looks like SIVR may be hitting a low risk buy point. 1. At the Support line 2. Symmetry of time from low to low. 3. Cypher pattern completing at the 786 4. Gartely pattern completing at the 786 5. Perfect ABCD pattern 6. Oversold on Stoch 7. RSI bottoming out
I totally missed the entry of the 2618 setup but fortunately I discoverd the upcoming ABCD pattern with very nice fibonancci levels. I hope it turns somewhere inside the green rectrangle.