Starting off the week with some technical analysis. This time on the GBPUSD 4hr. It seems a bearish bat is forming. Definitely one I will be keeping my eye on over the coming days. The market appears to be down trending. The only fault I can see as of right now which might affect the trade is the trend line I have drew in, it has multiple points of contact and...
Hi guys! Looking at the week ahead there are several potential setups on my watchlist. One of which is this bullish position on the EUR/AUD.
Using the shark formation, price has already entered our PRZ whilst testing a strong level of daily support! Since this level has been tested previously we have every reason to believe history will repeat itself (see below...
Everyone seems to be in a state of panic following the recent correction for bitcoin as I receive 99750798 messages (possibly exaggerating) asking for my opinion on the situation, which I don't mind as I love helping out other traders where possible.
This recent move really doesn't concern me as all of the technicals on the higher timeframes still indicate the...
Back at it again with more technical analysis. This time what I believe to be a bearish bat forming on the USDCHF 4hr. Gonna be keeping my eye on this one to see how it plays out.
AUD/NZD is forming a bearish gartley pattern on the M15 chart. I am looking for the pattern to be confirmed at the D-point and looking for signals to go short around this area. The higher time frame context shows decent S/R levels around this area.
Risk to reward (when entering around the D-point): 1:2
TP1: 1.07429
TP2: 1.07109
S/L: 1.08302
Bullish butterfly H1 chart. Looking to go long if price reaches the D-point. PRZ (potential reversal zone) around 1.36830. Higher time frame context (daily) shows an established uptrend.
Bullish butterlfy pattern GBP/USD. Looking to go long if price reaches the PRZ (potential reversal zone) around 1.36830. The higher time frame context (daily) shows an established uptrend.
Hello traders, it appears XAU/USD is now forming a bullish butterfly pattern on the 1h chart in addition to a bullish 5-0 which I posted on here at the beginning of February.
You can see more on this analysis below.
Two valid harmonic setups are forming in the same area, the bullish 5-0 at $1,300 and the bullish butterfly at $1,295.
The measurements for a...
Just a quick one. This is my second attempt at recognising a harmonic pattern in the market. This is also my first attempt at finding a potential trading opportunity which I believe is a bearish bat. Meaning I could potentially pull the trigger on this trade giving price hits my D point.
Looking at the 4hr chart we are able to see a Bearish Gartley. Looks like it's formed quite well and is following the downtrend.
Let me know your thoughts
This is my first attempt at creating a harmonic pattern on the charts. I believe this is a bullish bat. I have matched up all the numbers and they seem to be within the required ratios. The only thing bothering me is my D point. It is within the correct ratios but the placement of the D point is causing me some confusion as to whether the placement is valid with...
What's up traders, today I'm looking at MAID/BTC on the 4h chart with a bullish bat pattern, this pattern completes near the all time low for MaidSafe and it's exactly why it caught my attention.
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Credit to www.tradingview.com for...
Hey guys, tonight I'm looking a 5-0 position on silver! I previously had my eye on a bullish shark, which has turned into a bearish 5-0 (see below).
Price has already touched the 50% retracement and is beginning to show signs of reversal after the bearish engulfing candle! Price is also about to make a double top on the 1 hour chart. Taking this into...
My first attempt at trying to recognise a wedge in a trading situation. Another thing I am finding quite difficult so trying to get some practice in on the charts. Any feedback, comments, pointers etc are appreciated. Cheers
Second attempt at some technical analysis. This time trying to recognise a triangle in a chart. I'm finding this quite difficult to do but this is my first attempt. Again any feedback, pointers, comments etc are extremely appreciated.
This is my first attempt a recognising a trend in the market and also my first time ever working with a financial chart. I chose GBPUSD at random and tried to work out what trend the market is in here. I believe this to be a ranging market. Any feedback, comments, pointers etc are appreciated. Cheers.
Following up from my previous successful bullish gartley for EUR/USD, we've now got another bullish gartley but this time on the 30m chart.
The measurements for a valid gartley pattern are detailed below.
B: 0.618
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
As you can see the PRZ forms on a critical level of support, this is an ideal area for a...
Traders, I believe you will like the facts put forward in today's analysis. I've previously spoke about the direction of BTC on the 15m, 1h and 4h charts but I feel a reflective post on the weekly chart is well overdue.
Since my post on the cyclical measurements of bitcoin in December, price has created a new low at $5,900, it is now time to start analysing the...
