So, here on the dollar Loonie we have a bearish Shark Pattern. We currently have price in a decent area of resistance and both of the oscilators are in an extereme area. the reaction will happen fast. i will probably miss this pattern as the move will probably happen in the london session. Careful of PA making it to the 50 of the pattern it has the potiental of...
A Bat Pattern is a Harmonic Trading formation. If EUR/USD starts reversing at 1.12111 it could be forming the D leg extension of a Bullish Bat Pattern. Let's see what happens. I'm waiting for signs of a reversal at 1.12111 then I will enter a long position up to 1.14000
Description: FXAndalanBangsa found a Bullish White Swan Pattern on H4 Chart Time frame.
Trade Period: Intraday Trading
Pair / Instrument: EURUSD
Time Frame: H4
The trend in the Timeframe: Ranging
The trend in the Daily Chart: Bearish
Trade Based On: The Bullish White Swan Pattern
Recommended Lot Size: 0.05@ 10 K Account with 1:100...
Hey guy, here we have a bearish bat GBP/CHF on a four hour chart,
This is an awesome trading opportunity with a risk reward of 1:4
The valid ratios for a bat pattern are:
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The D level has formed a major level of support and resistance and expecting price to start sell very fast.
Hello Harmonic Traders!
I would like to begin my renewed contribution to the HTTV community with the following Bearish AB=CD Type-2 harmonic resistance at a critical juncture. The DAILY RSI is stalling at the 50-midline. The general 61.8% retest at the 1.34 level as measured from last year's peak defines the price zone for a larger downside continuation with a...
Guys, This is why I don't take multiple profit targets. Most harmonic traders will take targets at the 38.2% Fib level, and the 61.8% Fib level and maybe even a third profit target at the 100% level.
I ONLY take at the 38.2% Fib level. And I take everything off at that point.
In my testing,(backtesting, demo trading and Live trading) I found that...