An opportunity to short this pair after keeping an eye on it all day. 1) First, we have rejected a major resistance level at least 5 times 2) We have formed a head and shoulders pattern on the 1 hour as well as a double top on the 4 hour. 3) Price is forming lower highs and lows. 4) We have broken the counter trend line and are now in a range having formed a...
Short on this pair for a number of reasons: 1) We've been forming lower highs and lower lows after rejecting major resistance around 1.2320. 2) We've broken a key trend line, key support level and violated previous structure lows. 3) We've formed a bearish engulfing at the break of the trendline/support area. 5) Price has come back up to test this support turned...
Shorting opportunity for the following reasons: 1) Double top formation at major resistance level of 0.91145 2) Downtrend forming lower highs and lows as well as respecting the trend line with numerous reversal candles against it. 3) Break of support level at 0.89158 with bullish engulfing. 4) Break of counter trend line and violation of previous low with retest...
Short on this pair - 1) Clear downtrend with lower highs 2) Formation of a descending triangle showing selling pressure. 3) Price action showing bearish momentum with engulfings. 4) Break of a key support level where price rejected numerous times. 5) Bearish candle failing to close above key support line.
Short position on this pair for a number of reasons. 1) Break of trendline and break of support line now turned resistance. 2) Cross over in EMA/MA. 3) Higher lows and highs have finished and counter trendline producing lower highs. 4) Price has broken trendline and pulled back to retest this area. 5) Bearish engulfing candle has taken out the last 8 hours of buying.
A great opportunity to short AUD/USD upon completion of this gartley pattern. We have many reasons for entry: - Price action downtrend forming lower highs and lows on both the daily and 4 hour charts. - Broken through key level of support now turned resistance around 0.7608. - A gartley pattern formation with AB=CD confluence as well as Fib 1.272 and 0.786 lining...
Bearish cypher near completion on this pair with good risk/reward profile. To support entry, as well as the pattern formation itself, we have strong structure resistance at 104.26, overbought RSI as well as divergence on the RSI showing bullish pressure easing off. Perhaps a good time for a change in direction. Targets at 0.382 and 0.618.
Trend continuation trade as we have a bearish gartley with in line with the overall downtrend on the daily timeframe. There is ab=cd confluence as well as oversold RSI conditions with some divergence.
AB=CD Pattern competition on this pair with strong support area confluence and nearing oversold RSI.
A potential bearish gartley may be on the verge of completion within this ranging market. We are generally moving sideways both on the 4 hour and daily timeframes which provides as ideal harmonic pattern trading conditions. First, if this pattern completes we have fib extension and retracement confluence with 1.272 and 0.786 lining up. There is AB=CD pattern...
We have a high probability gartley pattern potentially forming on the 4 hour timeframe on this pair. Firstly, this is a counter-trend trade so slightly risky. We however have AB=CD confluence as well as a key support area where price may reject. If we can come down to our PRZ and take profits at target 2, then there is great resistance confluence around this...
A potential bullish gartley is close to completion at 1.1155. We have an ab=cd pattern as well as 1.272 ext lining up perfectly with 0..786 retracement. This is great confluence when building a case to enter. We also have previous structure support which has rejected the 1.1129 level at least 3 times. We have a ranging market with no clear trend giving us ideal...
Two gartley patterns on this pair with our first one complete and entry orders filled. The market has been moving within a range and has presented us with a shorting opportunity. We have some RSI divergence as well as ab=cd pattern confluence. Previous structure resistance was rejected 3 times so we can state that this is a high probability trade. Targets at...
Potential cypher pattern setup on EUR/USD 15M timeframe. Generally a sideways moving market right now where advanced patterns can produce powerful results. We have good structure support at the PRZ with stops set below most recent structure low. Just over a 1:1 risk/reward profile.
Generally, this market has been in consolidation for some time and harmonic trading can be extremely powerful in these market conditions. A gartley pattern is nearing completion once we fill the D leg. I am looking for high probability trades and we have a potential reversal zone above structure support and ab=cd confluence. Ideally, if we can see some divergence...
Excellent gartley at market with great R:R ratio. Completed at 1.272 with ab=cd confluence as well as oversold RSI.
Potential gartley pattern in formation on this pair. If it completes at 1.272 we can assume long positions. There may also be ab=cd confluence. Would look for a conservative entry after reversal with some appropriate price action as well as divergence and oversold RSI. Targets at 0.382 and 0.618.
Bullish cypher pattern with divergence. Looking for a long move with targets at 0.382 and 0.618.