Hello Traders! I see a very nice selling opportunity on #AUDUSD. As we see on the chart we have a very strong key structure level @0.7161 which was broken recently and price has formed a flag pattern. Now what I am waiting for is the retest of this key level to sell, or breakout of the flag to sell. Besides dont miss the rounding top formation which is one more...
EURNZD has broken the neckline of a bearish head and shoulders breakout. A lower TF bearish bat has provided a nice entry short on the retracement to the neckline. Trendline resistance may also provide bearish bias. Entry is placed at the completion of the bearish bat with target placed at the completion of the bullish shark. 15m Bearish Bat (Entry):
Hello traders! We have a very good shorting opportunity on #GBPAUD. As we see the market is in a bearish trend and it is a good moment to go short at the structure level around @2.0953. There is a confluence of fibs and bearish divergence. I see this level is very strong and it will be hard to break up. If the momentum will slow down, and I think it does, we...
Crude has just broken an important support level. Where is it heading now? Well, there is a nice confluence area considering the last 2 harmonic moves to the downside and fib extension (and inversion) levels. Let's see how price will behave in that area.
EURUSD has completed a large Gartley pattern on the weekly TF at a very important area of support. The support comes from a trendline dating back to the year 2000 which has been tested three times and has yet to be broken in the past 15 years. This is the second time price has tested the Gartley PRZ, proving it to be a key area of support as well. To add to...
AUDCAD has completed a bearish Wolfe Wave setup at a crucial point of resistance. In the Wolfe wave sell zone, two 200% projections are closely aligned. In addition to this, a strong long term trendline sits at current price to provide potential resistance. To add to the bearish bias, MACD is bearish divergent and multiple missed daily pivots sit below price. ...
AUDJPY has completed a bearish Wolfe Wave setup in the PRZ of two confluent bearish harmonic crabs. RSI is overbought and has printed bearish divergence. To add to bearish bias, two unhit pivots sit below price. SL is placed above the PRZ with target at .618CD (yellow crab). Confluence in the PRZ: Two bearish crab patterns complete Bearish Wolfe wave...
Good morning everyone. Today we have a sell setup on FX:NZDUSD . As we see there is a very nice triangle with key support and resist levels and the bearish gartley pattern which completes at the triangle structure zone @0.6487. It is a very nice short setup as the trend is bearish these days. Our R/R is very good with 2 targets as shown on the chart. Stops should...
CADJPY has completed a bearish Gartley pattern and has thus far respected its resistance in the potential reversal zone. The Gartley PRZ falls in the sell zone of a bearish Wolfe wave which produces a confluent target with the harmonic pattern. To add to bearish bias, an unhit monthly pivot sits below price. SL is set above Gartley 'X' point with targets at...
After a bullish Wolfe Wave setup completed for +50 pips, profit-taking may bring the pair back down again. Two confluent harmonic patterns present an excellent R/R for re-entry to catch the continuation of bearish movement related to the daily Gartley pattern (see related ideas). Price has been contained below the Wolfe Wave targetline and any close above...
Here is a very nice bearish gartley on FX:USDCAD which is going to complete @1.3340. Very good shorting opportunity with targets @1.3190 and 1.3050. As we see we have round numbers which are more likely to be reached. Our stops should go above the PRZ. @61.8 fibs we have a very nice structure . Avto_T Green Luck ----------------------------------------- www.facebook.com
AUDUSD is nearing the PRZ of a cluster of bullish patterns. A large bullish bat contains a bullish butterfly in its D leg. In the PRZ of these two patterns, a bullish Wolfe wave setup has been completed. A D1 trendline sits at the base of the PRZ and may act as support when price reaches this area. To add to the bullish bias, two unhit pivots sit above price....
USDJPY has completed a bearish Gartley pattern at the intersection of two S/R trendlines. The structure of the Gartley is such that it's AB=CD completion forms a tight PRZ with the .786XA level. The PRZ coincides with the .786CD target for the bullish butterfly completed in August, 2015. To add to the bearish bias, an unhit November, 2015 sits below price and...
EURUSD has completed a bullish bat pattern inside of the PRZ of a larger TF bullish Garltey. Moving into the bat PRZ, RSI and MACD have printed bullish divergence. To add to the bullish bias, an unhit pivot cluster sits above price and coincides with .382 retracement of the Gartley CD leg. Targets are placed at .382 and .618 retracements of CD. SL is placed...
CADJPY is nearing the completion of a bearish Gartley pattern. The Gartley PRZ is confluent with pitchfork support. A completed bearish Wolfe Wave adds to the bearish bias. RSI and MACD are showing bearish divergence moving into the PRZ. SL is placed above point X of the Gartley pattern and a cluster of pivots lies below price, providing a nice target. ...
AUDUSD has entered the PRZ of 3 bearish harmonic patterns. The zone falls in the sell area of a bearish Wolfe Wave and is backed by strong resistance. SL is placed above bat completion. Targets are set at .382 and .618 retracements of CD. Confluence in the PRZ: Bearish bat pattern completion (2X) Bearish crab pattern completion Bearish Wolfe wave ...
AUDCAD is nearing the completion of two bearish advanced patterns. The pattern PRZ is confluent with a potential Wolfe Wave setup. A daily trendline may add to the resistance in the PRZ. An unhit weekly pivot sits below price to add to the bearish bias. SL is set above secondary trendline resistance. Targets are set at .382 and .618 retracements of XA. A...
AUDCAD has completed bullish Gartley and bullish shark patterns at significant channel support. Two unhit daily pivots sit above price to add to bullish bias. Targets are placed at .382 and .618 retracements of CD. Confluence in the PRZ: Bullish Gartley pattern completion 1.272BC projection (Gartley) AB=CD (Gartley) Bullish shark pattern completion ...