4hour chart is showing a wedge and it strongly reversed down. It is now in process of testing the top again. It is a good place for double top than breakout so it offers good risk reward ratio here. Sell in the region of 1.118X with SL at 1.1210. target area is 1.1120 and 1.1080.
Hey Traders ! Today I'm going over a structure based opportunity, I did use the daily to help narrow down this area so if you want to see more about it, check out the link where i go over it www.youtube.com Once we have the direction of the market figured out, then we go into our trading timeframe and narrow down the level of reversal. In this case we have...
I show three harmonic patterns currently in play for BTCUSD - Bullish Crab, Bullish Gartley, and Bullish Deep Crab. Both of the Crab Patterns have yet to complete (reach point D). The Gartley has completed D and tested every point of its PRZ (enter on test of bottom of PRZ), so we await to see if one, or both, of its targets will be hit (as the Gartley stop-loss...
This is a trend continuation trade that i have on my radar today. Short possibilities show up on this pair after the break of structure to the downside and so the continuation of the downtrend. I'm currently waiting for a retracement back into previous structure. When the retracement gets into my "potential reversal zone" i'll be looking for indications of...
USDCAD is coming into Daily Support. This is a Potential Reversal Zone for the resumption of the uptrend. Price has created a descending channel right into the support area. These descending channels tend to breakout to the upside. Stops - Need to be at least 1 ATR below reversal zone. Targets - Potential Targets are shown on the chart.. They are based upon...
ON FX:EURUSD daily chart we have strong channel and harmonic moves inside the channel. So I am looking the price to enter the red zone and then rally up to the channel resistance. we have very nice R/R of 3.44. This is a perfect technical opportunity to monitor for the next week. Have a nice day
If you zoom out on this chart you will notice that the market has rallied out of a bat pattern and returned to previous structure. You will also notice i have highlighted a potential reversal zone in blue, and from which we can assume that the market, as usual, will respect structure, and return to structure lows. Here i have two patterns suggesting a reversal in...