as the market looks to recover from the massive sell off. We are in consolidation territory on the GBPUSD asnd we could see this pair moving back to bearish territory after the identification of a butterfly and bearish bat pattern. This gives us the idea that large institutional traders could be looking to sell at PRZ of the Bat and Gartley pattern. Good Trading Guys
Explanation is all in the chart, please post a reply if you have questions.
@TradeYodha TradeYodha.com GBPUSD 4H Hour Short 1. Price action running in consolidation 2. ABCD pattern completes around 1.27 extension of AB (harmonic move) 3. Butterfly Pattern completes in the same area 4. 200 SMA is close to the area of possible short 5. RSI is reaching overbought but wait for confirmation and overbought scenario Plan your battle well in...
The daily bearish setup posted here on TradingView, based on AB=CD pattern, is heading in the right direction after a perfect reversal at the PRZ. First target - 300$
LINK TO VIDEO RECORDING: www.youtube.com We discussed this in my Live Trading room this morning and I'm a little late getting it out to you because I wanted to pair a video with it. But what we're looking at is a Bullish bat pattern completion on the USDCAD 4hr Chart. At that completion level we also have minor structure, Fibonacci ratio confluence, and multiple...
This morning I posted a trade idea titled "3rd Times The Charm" In this idea I mentioned that i had previously taken 2 losers on this particular currency pair the day before and was ready to reload once again for another shot at getting short. Well that trade payed off as our double bottom/ Bat pattern (LTF) rolled over without much pain this morning and then even...
Pretty self explanatory as per the chart. Patterns and measured moves (equal distance, i.e AB=CD) are color coded to keep things simple on the chart as there is a lot here. There are plenty of retracements everywhere (the top is a big 50 I'll show on another chart). There are also plenty of smaller harmonic mpves but these are the main ones for our purpose going...
$IBB at new ATH and inside the PRZ of this daily AB=CD harmonic pattern. 330$ should be the top of this spike high for this pattern to work
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible NZDJPY Trend Following Short Opportunity 1. Underlying Trend is Short. It has reached a particular level where it may try to retest previous highs (there is a counter trend opportunity as well) 2. 78.6 fib at the previous high 3. 10 SMA and 50 SMA are lagging behind and around the same area...
we except to have support area in the bottom of the channel and we have two harmonic pattern which can increase Long Positions.
Price currently on 61% in confluence with the 3rd trendline test on the weekly/daily Bullish Engulfing on the 4HR Inverse head and shoulder with ABCD in play Targeting 3 length breakouts measured by the head to neckline of the crown patern Target 1 fib D extension, -1.27% .... Target 2 -1.618% Target 3 supply zone / 3rd range break to the upside
Read the full analysis for $IBB in this week's Weekly Markets Analysis: marketzone.tumblr.com Bearish AB=CD pattern and some Fib extensions provide an interesting setup towards earnings season
A confluence of a crab pattern and an ABCD pattern. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Two potential ABCD patterns with ratio confluences. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
A potential level to watch should price decide to fall lower. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
Explanation is on the chart, but price was rejected on the AB leg of the pattern today making the probability of price retracing along the BC leg, which is the area where I will be looking to go short the pair, to the stated profit levels on the chart. If price continues downward then the pattern will be invalidated, where as I will be looking elsewhere for better...
180$ is an interesting target level for an upside pullback. In order to do so, $IBM must hold the current support zone which includes both structure and Fibs confluence support elements. The weekly AB=CD pattern was the trigger for my entry
1.52 is the second daily target level but the pair may pullback higher before reaching lower. 1.54 will be an interesting sell zone to monitor for reversal patterns if this pair will rally.