Many things going on in this pair, so next week would be nice to see that Shark pattern complete. Price is just inside a demand zone right now, so I will pay attention next week at the reaction here, Another demand level below and finally the completion of the Shark pattern.
Hanging man Candle in daily chart which indicate bearish trend , also i feel its come back to re-test supply zone. in my opinion tomorrow could be some good drop happening. 'in it to win it' good luck and wish you all the greens
im going in for the drop, RSI and everything is saying it will drop so here we go!!!!
gave some good profits on old supply but will it do the same for next supply area? lets see. im in it to win it
This trade doesn't contain any Harmonic influence, as it is simply a retest of former support. The breakdown of the GBPCHF is clearly portrayed on the Daily chart, which has shown recent violations of two trendlines and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into...
This trade doesn't contain any Harmonic influence, as it is simply a retest of former support. The breakdown of the GBPCHF is clearly portrayed on the Daily chart, which has shown recent violations of two trendlines and a 2-3 week support. The current retest of this support-turned-resistance level is further displayed on the 1 Hour chart. With a clearer look into...
after the price blew past the 1st and 2nd supports on the D1 chart—and nearly a 3rd—the physics of supply will compel the price to return to the PP @ 172.04. hopefully, there will be enough momentum to take the price even further to the 50% Fibonacci level off the swing low. Buy Stop @ 171.238 Pivot Point @ 172.040 Take Profit 1 @ 173.020 (50%) Take Profit 2 @...
First off, I'm ashamed I didn't take this trade. I've started analyzing forex pairs in-depth again, but I was a day too late with this one. I finished the Euro and Pound last night/this morning. This trade combines a slightly off Bat + a symmetrical Crab. The Bat is literally 8-9 bars out of it's allotted completion time, however, the Crab isn't. Again, I...
The chart pretty much speaks for itself, the risk is low and the reward is very high. The target supply level is actually tested already so it could go even further, first we must wait to see if any fresh levels are formed on the way down.
Really nice fresh supply level, I will be looking to hold down until the weekly level of demand comes in to play. Fundamentals align with this trade with divergent central bank policies.
Let me start of by saying that symmetry in Harmonic Patterns is not a requirement. It's simply fuel to the fire. It's all the more reason to believe that it'll successfully play out. The strongest patterns bounce off convoluted areas of harmonic ratios. In this example, not only do we have the Bat formation, but also an AB=CD within the Bat's CD leg. This could...
This is a trade I will not be taking if it doesn't meet the test of time. After taking the time to reread Carney's books, he mentioned with emphasis the use of time in regards to harmonic completions. From Carney himself: "Although time considerations are not as significant as the factors of price, an understanding of when a setup should complete can optimize...
Good range play here, really good RR too. I expect the supply area filled white to be taken out as well as possibly the one above which is where I will start to clear my position and look to sell, possibly somewhere within that bigger supply area.
Looking for bullish PA at the zone marked. I see this going to 1.60 before any real selling pressure comes in. The daily trend line is crazy, lets see if we get anything good here, if not there are good levels below which may also bring that trendline into play.
Despite this horrible range and nasty ATR, UJ is still offering some decent trading opportunities, I have personally stopped buying the bottom of the range now as to me it looks like the bears are gaining ground in the form of lower highs. I will be looking to get in at these two supply levels. I included the ATR in this chart to show that at the moment UJ...
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
New demand level formed this morning on the 4h, it was a really explosive move away so I definitely expect buyers to still be lurking down there. Hopefully it will come back to reload and fill my order. I see this going to 1.73 which is the proximal line of the weekly supply zone. I will be looking to sell around that level but will wait for a more defined level...