Tecnically, is pretty simple if the price still struggle below crab 2.24 we have a winning percentage to short it
Price chill out at the bottom for nearly 3 months on Gartley 78.6 area and after completed a daily bearish Gartley both TP continually dropped to Quarter point plus shark 1.13 with a insane bullish run. This leaves me a doubt that who has this kind...
It is just a rough future prediction since price has not stalled out at C point yet, which could be anywhere 1.618 - 2.24 range . As this moment the newest upper trendline plus channel is very important, a flag pattern usually sign as trend continuation pattern.
Since daily crab pattern 1.618 held the lower side, the precentage is still on the upper side
Waiting for long this pair is like forever, after several days of consolidation Spiked upside and then reversed sharply. I guess they knew that a lot of ppl will long on the Deep crab 1.618 plus quarter point.
Hopefully it will drop to PRZ and then looking for reversal , 1st TP will be Fib retracement 23.6% keep in mind, CHF is still pretty strong at the moment
Technical side is pretty decent where price rejected from EMA 55 and 200 plus tested several times on Bat 61.8 TP could not close above.
Daily formed a head and shoulder with a decisive bearish candle closed below neckline also 1.5 + 75 pips hesitation zone, huge clue!
if we go up to weekly chart, a long period of consolidation, if this week closed big bearish...
After weekly Gartley created a 1 week strong bearish candle broke a long term up trendline, followed through a bullish shark on daily couldn't rally tough! made a lower high.
Price rejected from EMA 200 Daily at the bottom, but also rejected from 75 pips Quarter point hesitation zone on the way up.
Oil price seems pretty decent and CAD CPI shows positive, If...
Buy the rumors, sell the news right! Recently all the articles are talking about FED next rate cut and a strong euphoria came in the market, Gold 2 weeks consecutive arise from H4 Cypher pattern, instant reversed on NY session last Friday from a Bearish daily shark(TP haven't hit yet).
A little comparison of other pair, USDCAD Dropped 250pips one single week...
Just a common sense, retails are buying, bank are selling and vice versa. After a H4 bullish shark plus price struggled at Monthly Gartley+Weekly butterfly D point for weeks, a crazy bullish momentum cracking up without a significant pullback.
Overbought condition any daily candle closed above Cypher 78.6 or 88.6 should be considered as trend continuation.
First of all. It is a little bit rare for Oil form a harmonic Through out backtesting, However, there is still a probability though and the bearish 1000 pip down caused by bearish Gartley pattern.
As we can see the price is channeling downwards and stalled out at 51, 100pips from 50. Coincidentally Right on Bat 2.618 that could not close below with following...
As we can see on a 12months chart, there is a head and shoulder forming which if the next 2-3 months the previous low can break, we might get a fresh low at the end of OCT. On the other hand, a strong rejection from supply and demand area could cause a crazy uptrend.
8 consecutive weeks of selling Both NZDJPY and AUDJPY, take a look at Deep crab Fib 2 comes in , right below previous spike and loads of support from history. Plus there is a strong Quarter theory support sitting there which if the daily candle cannot close below it, most likely will start retracing.
NEWS coming out from NZD(GDP) and JPY(interest rate) next week ...
The pair crashed around 500 pips after a butterfly pattern, did not anticipate this at all. But all the pullback was shallow and after a long time of consolidation price still dropped to our PRZ. It is too fishy that the pair just free fall to downside without any significant retracement.
H4 we can find 2 patterns, bullish Deep crab and Crab
there is a double top on H4 , but since the price closed above 2.24, however rejected from Bat 2.618 and it is a little bit hard to grasp when it will drop sharply. entry has to be opened when a daily candle closed below double top Mid part, otherwise, it means a snap up 1.618 Crab resistance which at that time a lot of article will talk about how EurAud spike...
News are all over the world about Gold performance recently, it might go up however, everybody is buying gold shows no sign of slowing down. Question is where is the liquitity for it? why there are few spikes at downside? short it to death
A extreme price action for the bullish, seems like a lot of profit taking has been done. a high probabillty trade for a pullback. Reversal hasn't been confirmed yet, Nevertheless, head and shoulder formation on H1, but H4 big bearish candle is required.
Monday closed below 1.70600 and a pullback from H4 bullish Gartley pattern, this might be the last struggle from buyers
ZXY has a Bullish Gartley pattern that indicates a retracement from KIWI and EXY is about to complete a Bearish Gartley
Due to correlation with NZDUSD which has a confirmed bullish Gartley pattern
DXY is forming bullish bat pattern C point...