bearish bat harmonic patter has just been completed at D, price approaching supply zone as well as on a down trendline. instant sell for aggressive entry or waiting to see further confirmation from candlestick formations on the supply zone will be ideal.
Price is currently on a strong resistance. An head and should price pattern is almost completed. Price is yet to break the uptrend line. therefore a short after a possible appreciation will be ideal. However, patience should be applied, therefore we wait for other confirmatory reasons (like the break of the uptrend line) to take the short
Down trendline broken and retested. Inverse head and shoulder (reversal pattern) has almost completed the right shoulder. Aggressive entry (Instant execution and sl behind the right shoulder) wont be bad. However a conservative entry (i.e a buystop above the neckline) will be ideal.
Price on Demand Zone, with converging bullish signals (Bullish ABCD Pattern and Bullish Gartley - not invalidated yet. Also Bullish Divergence is obvious on D1, H4 and H1). From D1 Chart we can see double bottom price pattern. We have to patiently watch Price for more bullish confirmation, since price seems to still show a bearish momentum. However a Buy limit @...
The pair just completed two harmonics (Bearish Butterfly and Bearish Deep Bat) @D where Price is currently at supply zone. Bearish exaggerated divergence is obvious at the oversold condition of the RSI. Also using multi-time frame analysis (HI), more reversal signals including regular divergence is obvious. Taking a short @ current price or pending order @ 83.269,...
EURNZD has broken a trendline though yet to retest it, thus the bullish BAT Harmonic Pattern which is a pull back in regard to the new trend has just completed its D leg, and a reversal candlestick is obvious at the PRZ (D). Consequently a buy at current price, SL below X (1.68773) and TP @ B (1.71235) would be Ideal.
Inverted Head & shoulder price pattern on H1 after the break of the down trendline, a breakout above the neckline will activate the order BUY STOP @ 0.68902, STOP LOSS @ 0.68552, and TAKE PROFIT @ 0.69487
This pair formed and completed a Shark harmonic pattern @ D which is 113 extension of XA. Currently Price just broke a down trendline and also forming a bilateral pattern. However, my bias is a long position from current market price, tp1 @0.90455(which is 0.382CD), tp2 @0.91322(which is 0.618CD) and sl @ 0.89211
Long entry on EURUSD @ 1.11161, sl @1.09929 and tp @1.12393618. Price is currently at the oversold RSI having created an exaggerated divergence and has completed the D leg of a bullish ABCD Harmonic pattern, taking an aggressive long entry now will be ideal.
This pair is getting more interesting with the converging bearish harmonics patterns that is observed.
From Dec 2016 High, price started forming a bearish shark which has just been completed at 0.886 retracement of XA. We have two other bearish ABCD patterns that are also completed at 1.27 extension of AB, all these can be seen in the analysis herein. Therefore,...
Price currently in a buy zone having completed a bullish shark harmonic pattern @ D with 0.886 retracement of XA. price is also around a bullish trend line having created hidden divergence. Therefore we can take a buy order at market price or pending order (buy limit) @ 113XA i.e 0.71034, sl @ 0.70629 and Tp @ 0.71631
Price has just come to a last year Trend line signally a bullish move. In addition We have two harmonics interplaying, (AB=CD with price around D, and a Bearish Cypher with price at C waiting for the completion of D leg. THerefore a buy at 1266.859 SL at 1229.575, Tp1 at 1304.143 and Tp2 at 1329.548 will be ideal. When price eventually get to D (signalling the...
Price is currently at a major supply zone, so I'm expecting to short. From this H4 analysis, we have a rising wedge that has formed as price is heading towards the peak of the channel. It is also obvious that the RSI has formed a divergence for over two weeks. In addition, I'm expecting to see a head and shoulder formation, therefore a sell limit at 72.76, Sl...
Price is at Major Resistance
Price is at 0.618 fibo retracement
Bearish Rectangle (range) has been formed for over two weeks, as well as the RSI showing Divergence
Therefore a Short order can be place at current market price 64.53with SL @ 68.21, TP1 @60.22, TP2 @56.02. However, we can also be patient, thereby wait for a breakout to confirm entry.