The execution of harmonic trading is just like a swimming or running contest, everyone makes very similar decisions. (--The God of Cookery, 1996)
Here we got an 4hr bearish bat for USDCAD and I believe all the harmonic traders over the world are paying attention to it.
So why not! I don't want to risk to miss the successful standard pattern at all , while I'm...
The price consolidates for the 3rd day as the price continues to retrace.
There hasn't been any significant selling and the price has yet to reach any strong supply zone.
Therefore, the price is expected to retrace further and climb towards the supply zone near 1.00 which overlaps with a previously broken rising trendline.
For intraday trade, traders may consider...
Price At Supply area after bullish Price Change
Potential move to the downside expected
Preferable to wait for a break of 0.91947 to confirm downside move
MP1: 0.91739
Mp2: 0.91531
This is a continuation of my previous forecast on 18th March to short the EURUSD.
As per forecast, the price has climbed to the supply zone and was resisted by a falling trendline at the same time
And just recently, the price made an attempt to break below the rising trendline, bringing up the probability of a reversal from the top.
Somehow, this does not give...
USDJPY has retraced lower since the beginning of the week.
The price has reached a demand zone which is sitting right at the bottom of a symmetrical triangle.
While we may expect the price to rebound and climb from the bottom of this structure, the probability will rise only if the price break above the falling trendline within the structure,
Once that happens, we...
EURUSD moved quite and not quite what we've expected based on our weekly forecast.
The price broke higher but without some kind of retracement which we thought it would since it failed to break 1.133 last week.
Since the price climbed early, it is about to face strong resistance in a supply zone coupled with a falling trendline.
Let's wait patiently for the price...
Price has been ranging between 1.7400 and 1.77200 however price has broken the top o the 1.77200 range which shows supply at this level could be weaker.
There is a fresh Daily Supply at 1.78800 level which is where I will be watching to see if price reaches this zone to short down to fresh Demand at 1.72500
Price has been pushing higher this past week.
On the 4hr we have had a solid DBR which leads me to believe we could see some pull before price pushes higher.
This does look like it could set up for a RBD back into the the 145.700 level which is where I will place an order to get long.
Target areas to watch would de a daily Supply level at 152.00 and the we...
Continuation of yesterday's forecast on NZDUSD, the price has retraced significantly after the completion of the 2nd wave of a bearish trend.
At this moment, the price is seen hovering near the supply zone at 0.684.
The retracement has hit a volume of 34 pips, similar to the previous wave of retracement just before the price dropped yesterday.
For a confirmation...
ABB Limited provides power and automation technologies. The Company operates under segments that include power products, power systems, automation products, process automation, and robotics.
although this company is above my $10. nonetheless, this zone is well nested and willing to go short
A clear level where price has yet to come back. This is a strong zone with a score over 5, a weekly, daily level with 2 levels on top of levels on the h4
