DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
PROTEOSTASIS THERAPEUTICS, INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, CARDIFF LEXINGTON CORPORATION, ENDOCYTE, INC. - COMMON STOCK, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I think Euro is going to respect bigger correction move in the channel once again.
Very good R/R ratio.
Potential reversal zone:
- Bearish crab comletion @1.438
- AB=CD completion @ 1.442
- Major trendline
Look for price action there.
0.618Fibo Retracement + 0.618Fibo circle + Trendline + Gann's base Line
My area of interest: 1272-1278, very strong resistance area from harmonic point of view.
Chart says everything, this pair follows 2 same geometrical moves in the channel.
If you missed entry at the bottom around 1.076, wait for a correction, the trigger long for target around 1.088.
Another scenario : buy the breakout around 1.0825
Red entry area:
- 0.618+0.786 retr Fibo cluster
I will update with Targets as soon as we get there.
3 potential bearish patterns:
- Gartley (already in play) (blue)
- Butterfly (orange)
- "Deep gartley" (red)
Whole area 0.76050-0.7625 is entry zone to short.
Patterns invalidation after closing above 0.7630.
Entry : 0.760-0.761
Please refer to my analysis in reated ideas.
I expect more bearish movement. Due to high risk events this week, remember to reduce your position.
Geometrical entry zone + 0.5-0.618retr
- 0.7428 (D point of bullish butterfly)
Fibonacci point of view:
Marked important Fibo cluster levels.
Watch for price action around 115.05. It may reverse there, if so, keep in mind it may fill the crab patter, so manage your stop wisely.
Alternate setup: sell the 1h trendline.
- 1198 important SR zone + 0.786retr
- AB=CD at 1195
- TP1 geometrical correction
- TP2 broken important SR zone
- TP3 0.618retr of CD
First entry zone : 1.0865-1.088
- 1.272XA + 0.618 retracement (fibo cluster)
- Bearish divergence
After correction move, we should see another upward move toward D point of bearish crab
I will post updates.
SImple sell setup based on broken SR zone.
We should see a retest of 0.760 -0.761, then possible another wave down.
I expect more downward move on gold in the coming week.
Try to enter around 1236-1239 area.
Target 1212-1216 zone (0.618retracement + 1.618+ 1.272 + 2.618 extension and harmonic pattern).
Looks for price action and divergence for entry confirmation.
Red box is important SR zone and incredibly strong FIBO support area.
Please refer to my previoys xauusd ...
- Bearish Bat pattern
- 0.5 retr
Strong resistance @ 1.0625, expect some reaction there.
I will look for a sell setup in 1.272-1.618 area
Bearish divergence on RSI 1D chart, also seen on 1week chart.
Safe plan: Sell the trendline breakout after consolidation.
- Gartley completion + 0.618 retr
It's short term trade, and risky one, so use your money management wisely.
Keep in mind possible AB=CD correction.
Trade with your own harmonic patterns strategy.
2 potential harmonic patterns. Looks for price action there. It's part of my previous analysis.
AB=CD worked out very well. Market reaction: around 35 pips.
I still expect trend midterm trend reversal there.