Pattern is complete however i am awaiting certain technical conformation before going short. i shall update the entry details possibly once the ongoing 4hr candle closes. stay tuned. its a simple type 1 harmonic reaction where we target 38.2 fib as immediate TP. stay tuned
On the weekly charts of NZDCHF The bullish gartley was completed 4 weeks ago but however the pattern is still valid. It has to be understood that harmonic patterns do NOT immediately reverse from the point D, they need time and market reaction in the real world is everything. i am awaiting for some technical confirmation before taking this trade on. The risk to...
This pattern is complete. however our minimum target should be the 38.2 swing retracement for this type 1 harmonic reaction trade. in this case the RR is not in our favor at the moment. For me its best to wait for this pair to retrace slightly until the RR becomes at least 1:1. Currently its around 0.75 which is never good and not in our favor. For those who wish...
Pattern is complete on the daily charts. for the entry and sl tp level please see the main chart. any updates would be available below if needed. happy trading and have a great weekend ahead
Pattern is complete. i am awaiting some technical confirmation before taking this pair short. possibly next week i will update this thread once some technical confirmations are met until then stay tuned. Our target in harmonic patterns is always the 38.2 of the main swing. we can target the 61.8 if we trail our SL correctly. this pattern is a type 1 reaction...
entry type: instant entry at around 1.31700 leve TP: 1.29500 SL: 1.33250 Any updates would be available below. cheers and happy trading
Bearish Crab Pattern is complete and a chance to go short on this pair is ready. refer to the main chart for TP and SL levels. Any updates will be available below when needed. Cheers and happy trading
I bet you really laughed hard on the title and believe me i was laughing too as wrote the analysis. LOL, LMAO or whatever but the power of harmonic patterns can never be underestimated. Harmonic patterns can gauge the direction of the market on a very respectable note. Here we have a POTENTIAL CRAB pattern that might become a reality in the coming months, which...
Bullish gartley pattern has been completed however the RR on this one will be around 0.8 which is not favorable in our trading scenario. i am awaiting a slight retracement to make the RR 1:1 before going LONG on this trade. For those that wish to enter at the moment you all can at your own risk. i will update if there is any developments in the near future. cheers...
This is by no means a trade signal. even if the pattern completes you can enter at your own risk. i will not simply enter the trade even if the pattern completes. there are some other technical analysis needs to be done before simply just entering the trade. But hey anyways if there are any updates i will be updating here accordingly.
This is just a potential chart pattern that is yet to complete!. Once if completed i will conform with other technical analysis and execute the trade. cheers and happy trading
This is by no means a trade signal. even if the pattern completes you can enter at your own risk. i will not simply enter the trade even if the pattern completes. there are some other technical analysis needs to be done before simply just entering the trade. But hey anyways if there are any updates i will be updating here accordingly.
See the related ideas link. any updates to SL and TP will be available below. RR FOR THIS TRADE IS 1:2.5 ENTRY: 1.97800 SL: 1.94200 TP: 2.07000
You can place this trade when the market opens. its a fine bullish crab pattern with healthy risk to reward ratio. check the main chart for immediate entry, SL and TP levels. i will keep updating this thread regarding any scenario. stay tuned and happy trading
Gartley pattern is complete on this pair. furthermore look at the attachment below, on the same chart and 4 hr time a completed deep bearsih crab is also complete. its just adds onto the further confluence factors. Please place the trade when the market opens. refer to the main chart for SL AND TP levels. Cheers and happy trading
Bearish Deep Crab pattern has been completed. You can take this pair short now, refer to the main chart for SL and TP levels. Any updates will be available when needed below. cheers and happy trading
Looking at the above chart snapshot, a bigger picture is showing that the price has been confined in a channel for a very long time!. KIWI now targets the 0.66300 area of interest of the upper channel. The main chart shows there is an inverse head and shoulders formed on the 4 hours charts. If this pattern break and the price retests the neckline we can opt to...
I am awaiting for this pair to retrace to around 1.30000 level where the weekly pivot is located as well as the daily 50 EMA and then i am planning to go LONG on this pair. Looking at the main chart, a long term daily trendline was violated which also happens to be the neckline of the inverse head and shoulders pattern that had formed. The price has already...