A Bullish-type AB=CD pattern occurred near the support zone of 7.803-7.833.
(In this support zone , there was a rebound in 15 Jun 2022, 16 May 2022,...)
Long after seeing the rebound. At that time, be careful of re-inversion in the resistance zone of 8.043-8.073.
*Harmonic patterns and support/resistance zones are automatically detected using the indicators...
Hello traders,
The pair CHFHKD is near completion of a Gartley pattern with an abcd that goes a higher than the projected .786 measured level. Keep an eye on this pair or monitor its inverse pair which is USDCHF for a possible opportunity on your preferred pair.
In this analysis, I will be discussing the possible short opportunity in the CHFHKD Pair.
It appears to me that the greater trend has been completed, and we an a,b,c correction take place.
My first reason supporting this is that we have broken out of the trendline for the greater impulse structure and rejected it before sharply moving downwards.
Similar to...
I am not picking a top. While I am posting this there is no guarantee that we have hit the top, but I believe we are near the top.
As the analysis shows, we appear to be finishing wave 3 of the higher trend.
My reasoning behind this being a wave three is as follows.
Wave 3 of this wave is not the shortest.
It is a 5 wave move, making it impulsive. We see...
this is my bearish trend idea. how ever wait for clear trend continue moment and wait for trend continue after can entry .this is my opinion not for any signal service .good luck.
That's right. Zigzag forming now, in C Wave. Fibonacci extension gives me three goals in purple, and invalidation is in red as per usual. Remember, this is not financial advice - your decisions are your own.
Seems to be a pattern now with some of the CHF/Asian currency pair now. It is true that impulses are generally much easier to trade, and we certainly have an impulse here that I believe is not yet done. That means up if you are just starting out. Goals are in green, invalidation in red. And ofcourse, as always, do not take anything I say, including this update, as...
Heavy selling on the break down of this consolidation range, which has retested and so far looking like a rejection.
*manage your risk*
and as always
-Happy Trading
-Nick
Potential double top. I don't see CHF strength personally. Stop loss from previous analysis has been moved slightly up.
Thanks for viewing ! This is not financialbadvice please consider your own Due Diligence and Risk Management.
Here is an XABCD Pattern which i have entered due to it meeting my strategy requirements, not much information on this one apart from black line = SL, green line = TP and Yellow line = Entry.
1:1 risk reward should hit profits which are both green lines however i have placed it slightly before the first TP to ensure it hits, i expect it to at least meet first...
