The DXY has given us PPO Confirmation after an assumed Type 2 return and now I will be looking for the DXY to start performing very bullishly throughout the week perhaps atleast up to around $105-$110 for now.
Hello Traders! Let's Delve into Harmonic Patterns Today
The EUR/NZD pair has formed an advanced harmonic pattern, specifically a Gartley pattern, on its hourly chart. This presents a promising opportunity for traders to capitalize on potential upcoming price movements.
Here are the details:
- The price is trading above the long entry level (EL) at 1.81762.
-...
📉 Monthly Chart:
- Support at 0.6160, but no end to bearish trend.
- Consider countertrend moves carefully.
📉 Weekly Chart:
- Market near resistance, but don't miss the bigger picture.
- Be cautious with countertrend trades.
📉 Daily Chart:
- Strong bearish movement.
- Market shows weakness at previous resistance.
📉 Four-Hour & One-Hour Charts:
- Potential...
Trading can be exhilarating when setups let you seize chances without wrestling with the broader trend. 🚀
Let's talk New Zealand Yen – a treasure trove of potential this week, regardless of the overarching movement.
Gaze upon the weekly chart, and you'll spot the bearish shark pattern, already in motion since 88.24. Kudos if you've joined the ride! I'd ride it...
As we approach the final week of August, brace yourself for potentially one of the most volatile periods this month. The market is signaling its intentions as I navigate my way through twelve pairs, making the selection process a challenge. Nonetheless, let's dive into the Pound Australia, and I'll even introduce two additional currency pairs for your benefit....
Eyes on the pound dollar chart reveal a resolute bullish trend. If contemplating a shorting opportunity, meticulous strategy testing and conservative stop-loss management are paramount. 🛑💼
Turning to the weekly chart, a pullback effortlessly rests on prior resistance, indicating the enduring strength of the overarching bullish trend. Daily chart support stands...
Embarking on this trade has the potential to unlock substantial gains. The allure of this trading setup lies in its composition: a Bullish Gartley Pattern harmonizing with RSI Divergence. This synergy is reinforced by the prevailing weakness of the JPY. This confluence presents a promising opening, notably amplified by the market's respect for the support...
We have 4HR PPO confirmation at a Previous Support Level that aligns with the HOP levels of a Bullish Gartley and Bullish Crab pattern. If we get the expected performance, the NZD will hit 0.85 CAD, but could go as high as 0.89 CAD which would be the 1.618 Extension.
Australian Dollar
Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling...
Hello traders! Let's delve into the Pound-Dollar landscape and identify potential buying opportunities. 🇬🇧💱
📊 Weekly Chart Insights 📊
The bullish trend on Pound-Dollar persists, presenting a potential buying chance this week. On the weekly chart, the market retraced to the previous support level, respecting it at 1.2632. This could be a zone to watch for...
🌐 If I had to choose between Euro-Dollar and Pound-Dollar, I'd trade both! However, let's focus on Pound-Dollar for now. On the weekly chart, it's still on a bullish continuation that started earlier than Euro-Dollar.
💹 Lower Timeframes: On lower timeframes, we have a buy zone and a counter-trend trading opportunity. This gives us various entry points for...
📍 Don't miss out on the ongoing bullish trend – a perfect opportunity for trend traders! Wait for confirmation before entering the market. 💪
⏱️ Spend just 15 mins a day for lucrative trades! Join our community to learn effective strategies. 📚👥
📉 For counter-trend traders, keep an eye on the harmonic bat pattern at 1.2951 for a potential shorting opportunity. You...
There is a Bullish Gartley visible on the Log Scale chart that is currently giving us a Potential Double Bottom at the 0.786 PCZ with Bullish Divergence on both the RSI and MACD and if it plays out, I think it could spike all the way up to around $55 before coming back down and continuing to the historical lows.
I'm not saying that trend isn't important, but on this particular trade, it is NOT.
And that is because the NZDJPY is on a sideway market, and it didn't show a particular prominent sign.
My top focus is to wait for a shorting opportunity on the Bearish Crab Pattern that shows up on the daily chart. It is common for crab patterns to have their retest before the...
This is how I've identified the GBPUSD is going higher than most traders. If you look at the weekly chart, you would have spotted that the candle broke and close above the previous high; that gives me a sign even before it broke the current structure, and I've been saying that for over a month now.
I'm focused on getting the buying on the buying...
NLST has pulled back to its support trend line and 200 Simple Moving Average which all happens to align with a Bullish Deep Gartley PCZ and it is currently Diverging on Both MACD and RSI and could be getting ready to more than double in value from here.
My long-term bias on Dollar Appreciation had not ended, however, that doesn't mean I can't short the Bearish Crab Pattern that was completed at 140.42. If you had traded this, it would have given you 106pips(approx. 1,060usd/lot) of running profits.
If you are like me, having the bias to long the USDJPY, the Bullish Gartley Pattern that completes at 137.84 could...
Dogecoin is Double Bottoming around the Value Area Low at the PCZ of a Perfect Bullish Gartley while showing Bullish Divergence on the MACD and RSI. If things go well then It should go for 10 cents from here with a stop below the 0.886
