This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a correction...
The situation is pretty clear. This pair have been in a strong up trend for the past months. We can expect the price to hold between .382 and .5 fibonacci level because this levels are in confluence with structure. We can expect the price to make new higher high because price is in strong up trend. For the entry make sure you monitor price action in a lower time...
There are a few confluences that make the situation interesting with this pair. Confluences: 1. Price is over extended when price is over extended we can expect a retracement 2.We have the shoulder, head and_____ we can expect the completion of the head and shoulders. With the movement that we expecting the patter will be complete. 3. M formation We can...
We have good confluences with this pair: 1.The price is overextended, we can expect a correction. 2. Also the price is retesting a supply zone, where we can expect a rejection to the downside. Where can we expect the rejection to happen? If we take fibonacci from low to the high we can see that the .50 and .618 level is align with estructure. We can expect the...
We can expect the price to make a correction. The reason why it is because the price is over extended. Also the price made a triple top which is currently getting rejected. We can expect the price to make the correction to the .50 Fibonacci level because it is in confluence with structure. Thank you so much for the support. I hope you learn and enjoy this free...
The price is currently doing what I said 2 weeks ago. I hope you keep learning and enjoying the results one my analysis. Thank you for the support
We can expect a retracement because the price over extended.
There is a M formation In the monthly time frame. We can expect the price to retrace to the .50 fibonacci level.
A quick update of one of my previous analysis. The price is moving in our favor. I WILL POST THE LINK OF THE TRADING IDEA BELOW. I HOPE YOU LEARNDED SOMETHING.
Theres is a W formation on the weekly time frame. We can definitely expect the completion of the pattern with a retracement to the neckline.
There is a W pattern in the monthly, we can expect a retracement to the neckline.
In the monthly we have a price that is over extended. The price is currently rejecting a supply area. As well we have a over extended W formation, so we can expect the price to complete the pattern with a rejection to the w previous leg. if we take fibonacci from low to high we can see that the fibonacci .618 level is align perfectly with estructure. We just have...
Base on the monthly chart the market is clearly over extended and as well we have a M pattern. When the market is over extended what we can expect is a correction. As well we have a M pattern, so we can expect the completion of the pattern with a retracement to the neckline.
We have a bullish pattern in the monthly but the weekly time frame and daily aren't not in confluence yet.
We have bullish patterns in all the time frames but the only bad thing is that the price is trap between support and resistance. The price is consolidating, I would be waiting for the price to break one of this structure level for a possible entry.
We have the monthly , weekly and daily time frame line up to be looking for a short opportunity.
We have a price action that created an impulse then a .5 fibonacci retracement. We can definitely expect a creation of a new impulse for the retest of the Monthly supply zone. To take the entry is very important to do a multi time frame analysis. If you want your entry to be more precise it is better if you take it base on a 4hr time frame or lower.
Hi everybody this is an example of a possible bullish three drive harmonic pattern . I want to take advantage of what could be an awesome example of the three drive and share with all of you the rules of this specific pattern. Point A should be the 61.8% Fibonacci retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2. Drive 2 should...