Hey guys, This is my first publication using harmonic patterns. It seems there is a bearish bat with this pair at the levels I have highlighted in my chart. Feel free to comment or share your thoughts! Cheers
Last friday price held well on KS. Since we've had three consecutive bullish candles, I expect a short retracement before going up again. We should probably test the top of the KUMO, corresponding to the 61.8% fib retracement.
Even though prices are below KUMO they have just broken a trend line suggesting bullish momentum. Prices also hold pretty well above the KS (purple line) which is a strong support. Prices could move to higher levels from here. tp1: 84 tp2: 85.813 Stop loss should be placed on the KS at around 81.950 Good luck y'all
There is also a nice bearish divergence with regards to MACD. Forgot to mention it in the Weekly. Feel free to comment/like! Cheers
I am a bit surprised since lots of traders are bearish on the pair. To me the weekly (check the related ideas below) suggests a bullish trend. The monthly shows that prices are now on Tenkan Sen and are likely going to join the flat KS. It is gonna take time of course but it seems it's going this way and not down... Wait and see!
Feel free to comment/like (tenkan sen and not tendon sen as typed in the chart)
Nice bullish divergence forming on this pair on the daily. Buy above KS, at around 0.76, for a move to the top of KUMO (around 78-ish).
Price is currently trading below KS and it seems the uptrend has been broken. Looks like prices want to test lower levels on a short term basis.
Time to buy! Buy if Tenkan Sen at 123.800 holds on closing tonight Target is KS, at around 127.180 Stop at 122.60 Feel free to like/comment Cheers Jesse
Please check comments on charts. Feel free to like and comment
Price broke downtrend. It should join daily KS. Check related idea for more details.
Comments on charts. Feel free to comment and like