EM-BTC analysis (Ref.)TO Ichimoku Cloud system is focuses on equilibrium, moving averages, and dynamic support and resistance zones. So, for a instance when you look fast for the actual moment for this asset, it appears that it is possible to make a entry; however, there are three things that highlight-me a no-entry: The Lagging Span IS NOT above the price, the price is between Tekan-sen and Kijin-sen , and a short time-frame analysis is necessary for a better entry.
For those that have 'balls of steal', it is possible to leave bids on Kijun-sen in an attempt to get some money and sell it at the instance that the price goes up. (I dot not have that courage. So, I do not recommend this craze strategy, lol.)
It is possible to notice that there is a Pivot (P) that shows a possible support region. So, let's see whether the probability works in our favor.
To interact with this chart, click on it of in RELATED IDEAS below.
Pivotsupport
GBPNZD Wave Count: Bull Bat ABC Continuation to Gartley TargetOn the daily time frame, price has been rejected at the PRZ of two larger harmonic bullish patterns (Bat + Gartley). The rejection was swift with a 5 wave bullish impulse, followed by a triangle correction and another small impulse to complete a 3 wave pattern (labeled here as (A) of a possible zig-zag correction). Now we are nearing the completion of a bullish bat pattern near previous corrective wave support (B in this case). The bat PRZ may also be supported by the weekly pivot and the 200 period moving average. The (A)=(B) level is confluent with .618CD on the higher TF patterns, so we may see these higher TF patterns meet their targets with this ABC zig-zag correction. With entry at the bat PRZ, SL placement at 1.13XA and target taken at the confluent target level, this is a low risk high reward trade with a R/R of 8.14.
Confluence in the PRZ:
Bullish Bat (1D TF)
Bullish Gartley (1D TF)
Bullish Bat (1HR TF)
Previous corrective wave support
200MA support
EW Count suggests upcoming bullish impulse
.618CD & (A)=(B) target confluence
Weekly pivot support
Structural S/R Zone
Long GBPAUD: TCT, Gartley + Bat + Alt. Bat + ButterflyGBPAUD has presented a bullish trend on the 15m chart. To enter long, 4 harmonic patterns may potentially align within a tight PRZ. The PRZ is confluent with the daily pivot which may provide support at that level. Entry is placed in the center of the PRZ with SL below Gartley X and target at .618CD.
Bullish Confluence:
Bullish Gartley
Bullish Bat
Bullish Alternate Bat
Bullish Butterfly
Trend Continuation





