AUDUSD: A beautiful Bearish Bat with a 0.886 extension from XA. Type-I & Type-II with HSI from Harmonic Pattern completion (Pulled from MT5 chart). Type-II will give us more time to establish harmonic reversal. I am waiting for the new Daily candle to open and price to close below support at 0.75171 before opening a bearish position
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.
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
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.