SLO2 @ 24.40 ⏳ SLO1 @ 23.90 ⏳ TP1 @ 20.15 TP2 @ 17.75 TP3 @ 16.00 TP4 @ 13.25 BLO @ 12.50 ⏳ ADDITIONAL INFO: 🤔 If this HTF Curve Analysis holds on this 3H chart, then we'll have an opportunity to short 🏆 POSITION TRADERS: +45.70% or 111,500 pip OPPORTUNITY (max)‼️ ✍️ NOTE: Each TP is a POC where we expect market participation to switch from being supported by...
The Chicago Mercantile Exchange's Commitments of Traders (COT) report for the week ending November 14, 2023, shows that there are signs of weakness for the British pound (GBP). Non-commercial traders, which are typically hedge funds and other large institutional investors, reduced their long positions in GBPZAR by 4,735 contracts. This was the largest weekly...
These are the keylevels on daily for GBP-ZAR, there is still in a bearish trend , and if you want a confirmation, just move on weekly.
seems like getting ready for downside breakout formed ascending channel in daily timeframe and expecting downside breakout incase of successful breakout expecting bearish wave towards 21 keep eyes on for breakout
Im Will Short GBP-NZD , the chart its looking very bearish so my entry will be that.
The price action has created a harmonic reversal pattern, and it is expected that the price will retrace from the potential reversal zone (PRZ). Sellers will remain in control below the PRZ. Before forming the harmonic pattern, a bullish divergence was observed at the RSI indicator. SL & TP Levels are defined.
Potential Bearish Entry Dow Theory In Place - Lower High and Lower Low Expected in Place Formation of DOUBLE Top coupled with bearish divergence (Bearish reversal pattern) SL & TP Levels are defined.
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR) Entry at the new HH SL & TP Levels are defined.
Posting because at the moment, being South African, one of my favourites technically. Given the sad current bad state of affairs with corruption within South Africa, being recently Grey listed, the current almost collapse of Energy (Electricity) with Eskom in almost collapse whereby the country is facing daily energy cuts of up to 6-8 hours a day. How will this...
The pair shows a beautiful Butterfly pattern forming. Its end point is the beginning of a historic weekly order block. This level hasn't been testes since August of 2020 and it is very likely that there's historically trapped volume at this level and institutional orders are likely to be sitting at this level. The last harmonic projection on this pair from my...
Finally the pair has mitigated a previous unmitigated zone. The larger trend is bearish, on the 4HR we have a CHOCH and BOS. For confirmation we have a CHOCH on the Daily timeframe. We are anticipating a bullish correction where we will place our sell orders. Our target is the 19-20 region sitting at the bottom.
Its a beautiful thing. Need to draw fibs on a month time frame or a week at least. Most beautiful Gartley Harmonic ever. <3 It is what it is. Materialism means nothing. It's just a simple game of snakes and ladders. :) Mum :D
How are those for fibs? Amazing. Is it so that the pennant is an either or (up or downside)? Fibs say so no? I'm pro upside as I've posted before Gartley Harmonic. The top 0.616 as confluence a matter of fact.
forming Ascending Channel In daily Tf And Got Rejected From Channel Resistance Rsi Printed Bearish Dirvergence Wait For Macd Crossover To Enter Expecting Lower Channel Line To Be tested Incase Of Breakout Will Crash Further
Fibs gartley dailies monthlies.. At the end of the day - have you seen South Africa? Beautiful Country!
Frozen in time for the weekend of suspense :) Love it <3 I'd take profit and play it wisely especially after hitting resistance.. so much fun!
I dont believe in Bearish or Bullish Gartleys. Gartleys are interesting. My thought pattern. X to A pullback 0.618. 0.618 the "perfect" low before a swing up. Fib A to B near enough 0.786 and according to Gartley 0.888 high. Coincidentally has confluence with drawn TOP of ascending channel that can also be known as a "possible" and "probable" resistance. The...
moved as we predicted running in verey good profit now price action is best way to analz markets till today