GBPNZD Weekly Outlook - November Base Analysis Bearish ABCD 127.2/161.8 Bullish Bat 88.6 ======================================================================================================== Caution, I only trade on a moderate trend basis on H4 D1 and sometimes W1 .. I am not chasing any small movement and I also dont easily change my point of...
Traders, today we have BTC/USD on the 4h chart with a bearish AB=CD pattern. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 I'd like to break down several aspects of this chart in order to show everyone exactly what I'm looking at. #1: Ascending channel and untested high Price is showing signs of...
I would go with the C Leg forming now but the RSI shows that there is more bullish potential. Assuming that It would reach 61.8 retracement of A Leg then exhaust buying momentum, I'm looking towards a bearish extension of the C Leg down to previous structure.
I'm trying to broaden my horizons on my harmonics and find new types of patterns. Feedback is very welcomed
Reasoning: 1) Confluence of Harmonic Patterns on Key Structure 2) Bearish RSI Divergence 3) Double Top.. ? * Do your own due diligence before entering the trade
What's up everyone, here we have GBP/CHF with a bearish AB=CD pattern on the 4h chart. The measurements for a valid AB=CD pattern are detailed below. C: 0.618 - 0.786 D: 1.272 - 1.618 Excellent trading opportunity with over 1:3 risk to reward. The D point may complete at 1.618 which is a key resistance level in the market. A to B time completion is very...
Hello, traders! Today, we are looking at TONS of confirmation with the USD/CHF on he 1D chart After the completion of the Bullish ABCD pattern, it looks as though price will be reversing at the 0.618 level. This is also confirmed by the Moving Average Indicator set to 50. Price will continue to go down in the days to come as long as price doesn't break out...
Hi guys, to potential harmonic patterns evolving with structure resistance around completion point. watch for price action to confirm an entry. targets on chart. trade with care.
chfjpy long term Entry: 109.991 TP1: 106.849 TP2: 104.894 SL: 113.155
usdcad long term trade Entry: 1.35589 TP1: 1.31397 TP2: 1.28813 SL: 1.39784
aud/cad long term Entry: 1.03537 TP1: 1.01279 TP2: .99876 SL: 1.05795 (Revision to previous acad short)
nzd/cad long term Entry: .99154 TP1: .95986 TP2: .94008 SL: 1.02329
I'm looking to get short around .7143 with my stop at .7160. I have two targets, first at the .7100 even handle and the second at the swing low at .7075. There is a ABCD completion around .7146 and a bearish Gartley completion at .7135. I really would like to see some bearish candles around the .7140's before getting short. Good luck trading out there.
The pattern speak for itself, the bearish ABCD pattern looks to work fine and trying to get the downtrend top channel.
Bearish ABCD pattern appeared on USDCHF 60 min. chart. Short @ 0.9582 Target - 0.94559 Stop - 0.96427 I guess the trade will take a few days to work out.