Hello Everyone. Everything is given on the chart. Recently the pair has very low volatility and its time to go in action. Lets see what the market does. --- www.rcpforex.com
Good day everyone! We have a very nice 2h AUDUSD chart ready for the next week. 0.7243 is a key resistance level and 0.7010 is a key support level. In addition there is a very nice diagonal support (red trend line) which was broken recently. This is an overall view of the chart. Now let’s go in depth and build our setup. There is a very nice bullish Bat...
BAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before...
Gartley pattern is finished @0.7887 near the key resist level, but price found some support @0.7863 which might pull the price little up to retest the resistance level and form double top. Traders who missed the trade have an opportunity to get involved if the price retests the reversal zone. Stops should go above 0.7895 and our target zone will be between fibs...
Hello everyone! Very nice long opportunity on FX:EURUSD . The chart says everything. So, what we have here: 1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330 2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern. 3. we grabbed some profit from this pattern trading and the price came...
Hello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said...
Good Sunday Traders! I see a very nice opportunity to get involved in FX:GBPUSD long. So, what we have here is very nice channel and a bullish bat pattern.I am looking for the price to come around 1.4150 and then rally up. The stops should go below the PRZ and our target will be somewhere between the channel support level and fibs 0.382. -- Avto_T Financial...
Hello traders! We have a very nice buy setup on FX:GBPUSD today. There is a big triangle and inside the triangle bearish gartley. The entry level is @1.4403 which is the support level of triangle. Our stops go below the support 1.4382; look left for the structure. Our targets are fibs 38.2 and 61.8 zone. Good luck -- Avto_T Financial...
Hello traders! Today we have a very nice setup on FX:GBPJPY . As we see on the chart the market has broken the neckline of H&S, resistance is now a support; which means we are not in a bullish trend. Currently we have 3 potential harmonic pattern. 1. Big cypher 2. Little cypher 3. Bat According to my analyzes the best reversal zone is "PRZ 1" which is a...
Hello Traders! Today we have a bullish bat pattern on FX:AUDUSD . As we see on the chart there is a very nice reversal zone with the confluence of support 0.6919 and weekly S1. Our stops must go below this zone and our targets will be 38.2 and 61.8 fib levels. -- Avto_T Financial Analyst www.rcpforex.com
GBPAUD has entered the PRZ of a bullish Gartley pattern. The PRZ is confluent with two higher TF trendlines. Confluence in the PRZ: Bullish Gartley 1.272BC 1.272AB=CD S/R Zone Trendline Support (2X)
Hello everyone! We have nice opportunity to g long on FX:GBPUSD . We have a gartley pattrn with the confluence of several fibs ratios and structure support at X leg. Stops go below the PRZ and our targets are 38.2 and 61.8.. -- Avto_T Financial Analyst www.rcpforex.com
USDJPY has completed wave-C-of-(iv)-of-((5)), which means the consolidation phase may be temporarily complete and further bearish price action may be forthcoming. In order to catch the fifth wave movement, it is best to enter at a point which minimizes your risk and maximizes your reward.. This setup shows one way to utilize multiple strategies to supplement...
First potential setup for the week ahead. I think its likly that will come up further. The real question is whether or not we will make it all the way up. Sometimes sharks still tend to reverse at the 786 cypher reversal zone - but the risk reward wouldnt be that great if youd enter at the 786 straight away with all that upside reversal potential a shark has....
On 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...
Hello traders! I am back and want to share my analyzes on FX:EURUSD On 4H chart we have a very nice channel with the confluence of harmonic moves and fib levels. According to the latest moves we are in a bear market and very good opportunity to go short at the edge of channel between 1.0927 and 1.0962. Targets will be as provided on the chart and in long term...
GBPJPY is nearing the PRZ of two bearish harmonic patterns. The PRZ is tight at about 4 pips and falls in a nice S/R zone. EMA100 may also add resistance in this area. There has also been a slight bearish trend preceding the patterns to add to the bearish bias. Entry is placed at the base of the PRZ with SL above structure highs and target at .618AD. ...
SUNE is nearing the completion of a bearish cypher pattern after breaking the bullish Wolfe wave confirmation line and retesting. This presents an opportunity to place a long position. The next pattern to look for if this is filled and completed is the bearish Gartley pattern. Depending on price action, I may be taking both of these trades. I will update the...