GBPJPY Update #4 - The H1 Bearish Deep Crab Type-II reversal on the HOP is also a beautiful Weekly Butterfly. If you didn’t enter on the recent H1 Bearish Deep Crab @harmonicpattern you would want to wait for price to close below 154.435 before entering a bearish entry
A Bullish Harmonic AB=CD reversal was met by a slanting trend-line resistance which lead to a dip towards 88% retracement with the likelihood of a double bottom activating a Bullish Harmonic Shark.
This up move can go till 225/235/255 as long as it does not break the lower base formed when the AB=CD was made.
Harmonic Patterns are based on Fibonacci ratios which...
CADJPY: M30 Bearish Bat Type-I & Type-II possible reversal from Harmonic Pattern completion. Type-II will give us more time to establish harmonic reversal. Would like to see engulfing candle below 92.189 (TP1) before opening a position.
Hi guys , how you doing ?
I'm glad of sharing another idea here with you .
So since September 3 , dollar has been in an up trend move and it was bullish , but now it's in an important long term key zone and also psychologically it's in high level .
except they key zone which is also in 0.382 Retracement Fibonnaci , there's a harmonic pattern (BAT) so I...
Hi everyone , how you doing ?
so as we can see , there's a bearish butterfly on gbpusd at 1h
and the price is also in a resistance zone .
after some candlestick confirmations we can probably enter a short position .
!!! today there is an economic report about USD (PPI) , so the market might be a little risky , then don't forget about stop loss .
Time Frame: 4H
We are looking for a breakout opportunity . Price is congested in one place and we have a positive expectation to go further down y respecting the previous trend.
I have been covering M_M since 750 levels, and it is still looks positive on all the time frames.
There is a probability of Bat Pattern on the Daily Chart, and sustaining 830-840 levels, it would most likely be moving towards 900-930 levels in the coming trading sessions