Bearish Bat Pattern at the USDJPY Sell at point D around 120.795 Stop Loss at 1.13% Fib of point XA around 124.521 Target 0.618% of DC 107.617 Risk/Reward Ratio 3.47 Trade Management Move stop loss to break even when price hits the 0.382% Fib of DC at around 112.582 Do not take trade if price goes near or beyond the Time Fib 3% vertical red line on the chart
I see this Bat pattern on the NZDUSD which completes at around the 0.68860. Trade should be taken only if the price touches the green vertical line Time Zone Fibonacci else the pattern is not valid. I would expect RSI to go below the 30% and form some sort of w formation before I take the trade Keep in mind that this is a counter trend trade as the major trend...
Going Short for the C to D leg on this pair very tight stop loss @ 1.00021 good ROI Target at 0.96082
Waiting for this pair to hit the 112.00 were the two patterns converge with each other to go short RSI on Daily charts is already over bought.
I decided to go Long on the weekly chart as there is a Gartley pattern that seems to be holding well on the daily charts and RSI is also over sold. Price action also formed a triple bottom. Entry Price @ 1.06332 Take Profit @ 1.09691 Stop Loss @ 1.05461
On the Weekly chart for this pair I can see a huge Bullish Deep Crab Pattern forming with a PRZ in the 1.31 area which was also a previous Support and Resistance area in the past as for May 2012 and February 2013. Since previous resistance becomes support I am more confident in this PRZ area. On the Daily chart there is a possible Shark formation with PRZ at the...
Went short at 74.93 after PRZ was hit twice and formed a price rejection candle on the 4 hr chart, Weekly and Daily Charts are also bearish. SL above point X at 76.13 TP1: 74.010 TP2: 72.989 TP3: 72.026
Waiting for price to hit the 1.04000 - 1.06000 for a retracment and short term opportunity to go short. If Price fails to reject at point D a further up movement is expected Price is already showing some divergence with RSI Dominant trend is still uptrend
Looking for a short term Short Position on this paid if price hits the PRZ of 1.10200 - 1.10040 with sl above the 1.10588 Level which was an important level in past price action. TP1: Fib (XA 0.382) 1.09671 TP2: FIB (XA 0.618) 1.09220
Waiting For EURUSD to hit the 1.08000 area and complete this Bullish Crab pattern and maybe some more RSI Divergence. TP1 around 1.09971 (FIB 0.382) TP2 around 1.11229 (FIB 0.618)
Bearish Butterfly on the USDCAD at the top of a channel waiting for price to hit PRZ and some divergence with RSI PRZ: 1.33900 TP1: 1.31586 TP2: 1.30250
I see a Bearish Bat on EURGBP any one else of the same idea please like as I am still learning Harmonic trading I am not an expert so if you do not know harmonic patterns please do not copy..
Hi all I see a Bearish Bat Pattern on the USDJPY 4H Chart. Since it's already in a down trend I set a Sell limit order at 104.110 with two targets at CD leg Fib retracements of 0.618 and 1.272 Stop loss set above point X @ 104.818.
Formation of a Bearish Crab on the AUDUSD 15min Chart.
AB=CD formation on USDMXD with a retracement of 0.786 Fib pattern will also be valid if it touches the 0.618 Fib but not over you can enter at point C and put stop loss above the 0.618 Fib
Put a Sell limit order on point D and Stop Loss above point X with targets at 0.382 & 0.618 Fibonacci from the point A to the Entry Candle. Anyone else of the same idea?
It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?