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...
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
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.
What are harmonic patterns?
Harmonic patterns are chart patterns that form part of a trading strategy – and they can help to spot pricing trends by predicting future market movements. They create geometric price patterns by using Fibonacci numbers to identify potential price changes or trend reversals.
Harmonic price patterns are precise, requiring the pattern...
Final Japanese Industrial Production for July decreased 1.5% monthly and increased 11.6% annualized. Forex traders can compare this to Japanese Industrial Production for June, which increased 6.5% monthly and 23.0% annualized. Capacity Utilization for July decreased 3.4% monthly. Forex traders can compare this to Capacity Utilization for June, which increased 6.2%...
Nice Pattern Created from Strong Resistance zone of EURUSD. Price Rejected from the resistance area strongly. Into EURUSD H1 chart it is a Engulfing pattern from strong resistance zone. So For the next movement my Entry from the confirmation Candle as well as Breakout of candle. Happy trading!
Friends I hope you are feeling kind and generous today to give this idea the likes and comments it deserves.
Analysis on #EURAUD
a possible bullish harmonic BAT pattern, near a strong demand zone where the market rallied 535 pips.
I will be watching the market inside the zone and look for entry reasons to get involved in a buy trade.
Thank you so much for...
The stock is forming a shark pattern and is near its prz zone.
Keep an eye on the price action, might be a good swing trade, considering the strong higher timeframes ( daily weekly, monthly all are trending up)
#Harmonicpatterns #Technical indicators #ChartPatterns #elliotwaves
AUDNZD is expected to buy after the CRAB pattern completion. price is expected to go bullish to 0.618 fib retracement level of CD. expected TP is 1.05266. Trade invalidates below the D level at around 1.04550
For entry, Divergence and breakout of trend was identified for the confirmation of entry
A Fibonacci-based pattern that is bullish ~33% of the time per Bulkowski. Confirmed a reversal occurs right after its appearance.
Here we can see the ratios between the lengths of the sides are Fibonacci #s: 0.382, 0.500, 0.618, 0.707, 0.786, 0.886, 1.13, 1.27, 1.41, 1.618, 2, 2.24, 2.618, or 3.14.
As also posted in my previous idea, this can be created with the...
Great risk reward set up in AUDNZD, Ratios are in line and we can look for AUDNZD to make a big move up, this is not going to be done in a week however, this is a swing style of trade and patience is key to hit your targets.