Analysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now.
As you can see on my chart, i am looking to sell at the right shoulder...
Analysis of #GBPUSD
The GBPUSD is in the beautiful classic consolidation pattern preparing for a breakout, usually, this pattern breaks to the upside.
Right now the market is near trendline resistance, around a key market level near 1.1400 sharp, also the previous structure high.
we can wait to see if the market will actually break and close above this...
Analysis of #EURCAD
similar to my EURNZD analysis earlier, the EURCAD formed a very good bearish harmonic bat pattern, that might complete near a strong supply zone
if the EURCAD completes my bearish bat pattern I will then look to get in a sell trade with a good risk to reward if the rules for entry are met
⚡ Be aware that due to the global tension we...
GBPAUD has met the requirements for a 4HR Crab Harmonic Pattern. Price has extended and closed above the HOP but the bulls have seemed to lose all power. Going for a 3:1 RR down towards 1.89250
My style of trading focuses on flowing with the Harmonic Market Structure price reveals. Price Action , Fibonacci , Wave Sequence s, Moving Averages , and a...
So we seen a test at the Fibonacci Level of 50% were waiting to see if it will reciprocate into 200.0 which is there reciprocal to each other, This will follow into the entrancement of a buy so you can TECHNICALLY SELL INTO the buy but i like it playing off a key support zone in the reciprocal of 200.0 which is where i marked in turquoise color we will wait and...
Hello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY.
I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv
Again, these patterns are not only running complimentary to each...
Hello Traders,
We have a potential bullish bat pattern setting up on GBPAUD hourly chart. If pattern completes, we expect price to resist in PRZ and set us up for long opportunity. Here, PRZ is made of 1.27AB=CD, 2BC and 0.886XA Fibonacci ratio confluence. This potential trade setup has a risk/reward ratio of 1:1.4 for target1 and 1:2.2 for target2.
Happy Trading!!!
