The euro fell, with fears of a strong outbreak of the Corona virus again within the union.
Technically, the EURJPY is approaching good potential selling areas, supported by the approaching completion of the bat harmonic pattern in an extended area from 129.10 to 128.60 as a stop loss with a target of up to 132.40, with the first target being 130.70
Here i'm dropping a quick trade set up that caught my eye. In my opinion, I think we could see a nice rally up to of $15 at least... We'll see though.
Do you agree? Let me know what do you think.
TP 1 = $11.233
TP 2 = $14.46
TP 3 = $15.85
Entry Price = Around $7.00
Stop Loss = $5.87
Yet another potential scallop.
Seems to be a scallop and wedge with some divergences showing up on the 1hr.
If it holds true, it could take a while to break, regardless of direction.
I did find some divergences of the bullish variety, so we will see how those play out.
I will publish this chart so you can watch it at your leisure.
One of the most powerful forex patterns is visible on the bitcoin chart, but only on the log scale. Ultra bearish if correct.
(a bit blogposty)
I am constantly looking for the largest market structure I can find and doing such drives me to expand the number of patterns I can easily recall. The harmonic patterns are the trickiest for me due to...
The price was able to breach the important resistance at 1.79867, with the breach of a downtrend as well
We also see a strong rebound of the candlestick of the day from the SMA 50
If we go back to the one-week timeframe, we will see this week's closing above the aforementioned resistance with the breach of the downtrend
We also have two harmonic models...
RSI Bearish divergence,
Psychological resistance at 2k,
Well beyond ATH,
Potential cup and handle,
400% Fib Extension.
I can't wrap my head around a short term bull argument right now.
Boy do I love gartleys.
Goldman Sachs hit the double top. I predict the value will fall for a few months. But remember gartley is a harmonic pattern rooted in human emotion and this is a fairly large scale to be applying that sort of TA to.
For now I think it's a safe bet to assume the value will fall over the next few months. Target between $242 and $214 if the...
With the Brexit transition starting - let's see what happens.
Outcome for a Brexit 'Yes' vote.
As we come into the holiday season - there is important volume to note here, however the major players are positioned for either way.
We have the purple buy zone, which price has seen a nice consolidation with some rejection wicks.
The amount of deals...
AFTER A STRONG REJECTION FROM THE RESISTANCE LEVEL (LOOK AT PICTURE BELOW),
A NEW LOW WAS MADE. SO AFTER THE STRONG PULL BACK AFTER HITTING A STRONG
RESISTANCE AREA .WE ARE LOOKING FOR IT TO GO DOWN A HIT THE CONFLUENCE AREA
WHEN ITS ALSO MET WITH THE 1.27 FIB EXT.
LETS SEE HOW THIS ONE GOES