Great opportunity as price has already showed a very strong and impulsive move to the downside. So, we are looking to sell at the zone where there was an imbalance between buyers and sellers.
Let's hope for the best, but a great 2:1 trade opportunity!!
Just an idea on where to short the EURUSD pair, as there is a confluence between a strong structure level, a great formed supply level and the 61.8% retracement level.
Let's see what happens, but a sell limit order might be the best choice!
Good luck and good trading!
What a great demonstration of the market of what structure and harmonics can do for your trading. A great opportunity and a very high probability setup to enter long in the market has come up with a Bat pattern (D completion with perfect ratios alignment from different swings) and great structure levels to define ...
Right now I'm watching very closely as price is just above my entry for this trade, just buying on structure level to continue to the upside as price rallied very strongly stating that demand is currently greater than supply, or in other words, buyers seem to have taken complete control over the market and are ...
After the impulsive selling from Tuesday, price has been in a corrective structure for almost twice the time than the impulsive move. At both extremes of the impulsive move there are two zones of interest for price to react to.
As we can see on the chart, price already has touched the buying zone by the pip and ...
I have outlined what I think might happen this week with the pair. A Bat pattern seems to be forming with the B point completed, although it might continue further and turn into a Gartley. With this B point, we can take the 61.8 retracement as an entry in confluence with some congestion zones in past price action ...
Price has almost hit the completion point D of the purple Butterfly pattern, which is in confluence with the 127.2 - 141.4 extension for the C point of the white Cypher pattern, so a nice play could come out of this harmonic moves.
I'm currently waiting for price to move a bit more to see if I can get the ...
According to the theory (I'm a beginner with this pattern), the estimated target and time are plotted in the chart, but of course it could be less time to reach it.
Let's see how this develops. It's always nice to learn and try something new!! :-)
A nice Gartley pattern has just completed inside a big descending triangle formation, so a very nice short opportunity and hopefully to catch the complete move to the bottom of the triangle.
The PRZ is marked in the blue rectangle.
Good luck everyone!!
Price has just completed a very nice Gartley pattern inside a huge descending triangle formation, so a nice opportunity to go short from here and hopefully catch the move to the bottom of the triangle.
The PRZ is marked in the blue rectangle.
Good luck everyone!
A very nice confluence in place, we can see how perfectly the Cypher pattern in purple completed exactly at point E from the descending triangle corrective structure, so I expect a break to the downside to resume the downtrend.
A more conservative way to trade this would be to wait for the break and then trade ...
I just found this nice Crab pattern about to complete at the 161.8 extension and 2.24 extension confluence level at 0.7399, so I'll get in because it is as well placed exactly at a very strong support level, so is a good opportunity for a major turn of price.
Let's see what happens with this one, good luck!
Price is making it's way up in a corrective pattern towards the completion of the yellow Bat pattern, not in such a good structure level, but might see a reaction from here as price is not looking too impulsive.
If price continues to retrace from the last minor leg up, we might expect a reaction from the ...
A Cypher pattern just completed and we are currently watching a nice reaction from completion point D, but we have to wait to see if it reaches the targets. My first target for this one is denoted by point C of the Bat pattern.
The Bat pattern would complete just a bit below the Cypher's point D, but in my ...