Hello Traders , Merry Christmas !
GBPUSD has given me very good trades so far as I was selling from 1.26850 (you can see my previous view here )
Now I am looking for buy setups near the previous lows, where a correction could start.Divergence in place.Also a lot of Harmonics...
Price was rejected from 7000 line. On daily chart (A) is also Right Shoulder of possible Head and Shoulder. On 1H chart price is forming some pattern, there is also good chance for sell. So far looking good. Wait for FED decision to enter a trade
Bullish crab setup short and long - I can see a slight change in structure on CADCHF after price holding higher than the downsloping channel so i'm expecting more up soon but we are hitting resistance, On the hour there is more buying pressure but momentum is weakening so i think we will have a corrective pullback before another rally to break the top.
Appears to be a bullish crab forming on the 4 hour chart. it also appears to be forming within a falling triangle with the PRZ right at a strong support level. Im gonna keep my eye on this one
PRZ 128.50 to 129.20
TP 1 @ 131.832
TP 2 @ 133.730
TP 3 @ 134.904
Appears to be a bullish crab forming on the 15 minute chart.
if it does form I will look to go long after a candle over candle confirmation on a bounce off of the 1.618 Fibonacci extension.
SL will be set initially @ 25 pips from entry then will go to break even and enable trailing stop
TP 1 @ 1.29679
TP 2 @ 1.30081
Thanks for viewing
A bullish crab pattern has completed on the H1 time frame.
I just saw this, price had went through the Potential Reversal Zone.
However, price seem to be picking up again.
I am looking to long this pair tomorrow morning.
PA is still in channel. Break to the downside has 2 targets, 2.07665 and 2.05053, that's if PA breaks the channel. Upper range break would target 2.13550 and perhaps 2.14570.
Keep in mind the weekly chart where a pennant is forming and the bullish bat completion at 2.00 is in progress!!!https://www.tradingview.com/x/GZuHP8r5/
Good to be back after a while. Looking at gold here and we are seeing 2 really well defined bullish harmonic patterns formed right near the previous structure support. First, we have the bullish Cypher pattern, which is very close to being complete. Notice that the D leg is below the B point, which keeps the pattern valid. Second, we have the...