Price testing key structure area, double top formation with RSI divergence on both 1hr and 2hr charts. Taking an aggressive entry on the close of current candle if candle formation suits my entry reason.
Technically this looks almost perfect. There seems to be 2 crab haronic patterns where both D points extend to the same place. Structure at 1.584 should hold but will wait for confirmation in price action. looking left there was a little noise at this area previously. on the daily price is ranging, no real trend to identify. Also have an ABCD pattern completion so...
This one looks like the business so far. I mostly trade technicals (i'm a numbers man, numbers don't lie and for the more spiritual ones like me, everything is energy and energy has its sequences and cycles) why i love Fibonacci. So...... EURUSD, on the high time frames (Daily) clear to see we have moved into somewhat of consolidation. And for me trading harmonics...
Firstly, no real major fundamentals on either currency today.
Not that i trade based on these but i am weary of them and how they could move the market adversely compared to my technical analysis.
From 0.6720 to 0.6887 we appear to have an AB leg of a potential ABCD or AB=CD pattern. Price later retraced to 0.6772 level and 61.8% (signalling an ABCD pattern...
ABCD pattern just completed on 1hr timeframe going short. based on AB leg move of key structure. BC being 61.8 retracement and CD extending to 1.272. I'm looking for price to continuing down to 1.618 extension which coincides with a 61.8 retracement of AB on the daily timeframe of the pair. However previous support has been found and tested 66pips lower than the...
