GBPAUD is in a downtrend. The price is at the H4 MA. M15, M30, H1 is overbought. Divergence is visible in M15 and M30. Stop loss is 100 pips but will keep the loss below 1%.
This trade is against the trend but: 1) M30, M15 shows divergence 2) Harmonic pattern in place Stop loss above 0.8475 which is last weeks high.
Time Frame: 4H Symbol: BNBBTC Entry: 0.010338 TP: 0.009920 SL: 0.010645 Bias: Short Today we are on the sell side for this pair. Our bias is short. However, considering the strength of movement we do not see any significant price drive. The signal strength is mediocre.
CHFJPY has been in pressure and forming a harmonic pattern of AB=CD. We have a bearish stance with sell on breaking support strategy.
We decided to go with BTC instead of ETH. Same logic as before.
The pair is really bearish but has had some movement upwards. It has reached strong resistance now and it losing steam on M15. Stops are about 40 pips above 0.7125. We also noticed that SPX, NAS and DJIA are showing similar weakness so expecting this to happen later tonight. When markets fall, AUD, NZD tend to weaken.
BTC is in a downtrend. We see a double top in M15 but no harmonic pattern. If this trade fails, we are going to sell again around 39,600. This is our first BTC trade that we are executing so wish us luck!
USDJPY has been a raging bull and moved up quite quickly. However everything that goes up finds it way down. Here are the reasons the bull run is over. 1) There is a huge harmonic pattern in play now. 2) Monthly, Weekly, Daily RSI are overbought 3) Daily Divergence is in play. The trade will not happen immediately. We need to observe this for about 2-3 weeks to...
FACTS: 1) USDCAD is in a strong uptrend 2) This is seen in the daily and H4 charts 3) USD is still very strong but going through a retracement 4) There is a harmonic pattern completing around 1.2730 - 1.2740 5) Oversold in M15, M30 and H1 Let's wait for divergence to hop into this trade. Good luck!
AUDNZD has reversed on the Weekly Chart with a harmonic pattern. It has dropped by 150 pips from the high and is now retracing. There is a harmonic pattern to sell now. M30 and M15 is OB. We will wait for the double top to pull the trigger.
The stock markets have been falling and along with that AUD, NZD and CAD will also fall. YEN, USD and CHF are the big winners when there is a bearish market. This pair has turned bearish so we will sell this at the double top targeting the previous low.
We see a M15 harmonic pattern that did not quite complete but there is enough reversal signs to show it is going up. m30 and m15 is oversold with divergence. Stop loss is below 1.3570. Trade is already active.
I use harmonics to find all market structures. This gives me clear direction and key levels of reversals throughout. Very sound principles can be gleaned by this. EVERY target I set gets hit, with 100%accuracy. I encourage any of you who are having difficulty looking into using harmonics to grow your account. I can show you more if you wish to learn how to use...
There is a formation of the Shark pattern on the daily chart of the Larsen & turbo. The first Potential Reversal Zone of the pattern is at 1625-1636. The second PRZ stands at 1550-1560 Keep an eye on price action around these levels for catching a reversal or pullback trade. Weekly support of the stock also coincides with this pattern, making it an...
Last week we picked the USDCAD bottom really accurately and it moved from 1.2490 to 1.2710 effortlessly. The move even caught us by surprise and we only netted 80 pips. Now this pair is overbought and looks ready to be shorted. 1) H1, M30, M15 is OB on RSI 2) Divergence showing 3) Last week's high will be resistance. Won't be in a hurry to short this though. It...
Analysis of #EURNZD EURNZD almost completed this fantastic bearish harmonic bat pattern, we could see the D leg completed buy today if the EUNZD completes my bat pattern I will then look to get in a simple sell trade with a good risk to reward if the rules for entry are met ⚡ Be aware that due to the global tension we currently live In, markets are not...
Look for a drop to around 104 (102-107 range = bounce zone) to start next week, followed by a pre-earnings run to 130s, then earnings pop/continuation to low 160s. After that it will be time to get short for a drop back to 120s-130s (will revisit and adjust for precise levels along the way and send updates). Logic : - My model for overall market (in sync with...
JASMYUSDT 0.166 level is a cluster between a Daily and 4 Hrs demand zone, we may rebound from this area to reach 0.022, that's the first scenario, the 2nd scenario is to bounce a little bit from 0.016 and go back to it to break it and reach 0.012 level where there are Weekly and Daily Demand zone cluster, and from there we will bounce to reach 0.0262