Here, we have a completed ABCD pattern with the USD/JPY on the 1D chart. Price has hit D point but seems to be stalling for the moment. We can expect price to make a break within the next few hours. Risk Ratio - 3:1 The measurements for a valid ABCD pattern are detailed below. AB: 0.618 - 0.786 CD: 1.272 - 1.618
Hello traders, it appears USD/CHF is now forming a reciprocal AB=CD within the CD leg of a bullish 5-0 on the daily chart. The formation of the reciprocal AB=CD is regularly flipped in this situation, starting with A at the C point of the 5-0 pattern but I'd like to see the outcome of this setup! The measurements for a valid 5-0 pattern are detailed below. B:...
Here we have GBP/CHF on the 4h chart with a potential buying opportunity, as you can see price has formed a valid inverted head and shoulders pattern and a potential reciprocal AB=CD pattern. If you check the daily timeframe price has also formed a larger inverted head and shoulders pattern which further validates the move up. I hope you all have a great week :)
hi guys, two possible trades on the EURNZD. EURNZD is currently in consolidation bevor the nex bullish impulse so maybe two good opportunities for a trend continuation trade. short term targets on the chart. watch for the price action and trade with care.
eurusd long term Entry: ATM (1.06357) TP1: 1.10801 TP2: 1.12872 SL: 1.04322
eurusd Entry: 1.06465 TP1: 1.10801 TP2: 1.12872 TP3: 1.17357 SL : 1.04322
There are some amazing setups forming on the charts, here we have EUR/JPY on a Daily chart with an AB=CD pattern. Straight away this could be an excellent shorting opportunity from the C-D leg move, we will also have a potential long position in the near future upon completing the D leg. We are bearish on this pair as long as price stays beneath the descending...
There are some amazing setups forming on the charts, here we have an AB=CD pattern on a Daily chart for GBP/USD. This post will tie in nicely with my long term prediction on the currency pair! Straight away this would be an excellent long position in the near future, the C point came into the 0.5 Fibonacci Retracement (feel free to draw in the retracement levels)...
Once the BULLISH AB=CD pattern is complete price will go up, retracement BC reaches 0.618 level which acts as more confirmation for the harmonic move.
Hello Traders, After getting stopped out on the previous long trade based on the bullish crab and ABCD measured move, we just got a completion of another two bullish patterns on the daily chart in FX:EURJPY . First of all we have the harmonic bullish bat pattern which recently got completed right at 88.6% and 127.2% Fib ratio confluence zone. By using...
A very good opportunity for buying ACC which also offers a very good risk:reward of morethan 1:2 Also note that it has formed a double bottom very recently around the fib extensions of 1.618 along with Bullish Divergence in RSI. As these gives out enough reasons for going long I will be looking forward to Buy these in coming days. Check your trade plan and...
lots of potential harmoinc patterns evolving
We have another harmonic moves on FX:EURNZD . This is ABCD pattern, which is almost completed and it is a good time to go long. We have a very nice structure at this level, look left and confirm. Our targets will be 1.7370-1.7570 levels. But watch 1.7292 level, it might be a hard shell to breakout. Avto_T Green Luck ----------------------------------- ATTENTION...
Eur/Jpy pair possible to create Bullish ABCD pattern in H1 timeframe. If this pair more fall down and retrace from 128.20 level then its complete D leg of ABCD pattern. If this pair create ABCD pattern, then we going to looking for long position in this pair and our stoploss should be at 30-40 pips and takeprofit should be at 129.200-129.400. So,keep eye's on...
If 579 holds I can see 3 waves up to 595 to touch the trend line then a sharp drop to 566/567 followed by a big move to the upside. ***Please note. After looking at other fractal patterns in the the charts I think we'll re-test 600-610 but will break down afterwards. Please see my latest chart. ***