Looking for a short around previous area of resistance which coincides with key level as well as an ABCD pattern. Plus we also have the 127% Fibonacci level
Hi guys,
this is interesting: on EURNZD we're testing a key structure level on the daily and we've also formed a nice Bat Pattern that's completed and that's not yet hit targets. Around the completion zone, price has also created a nice double top with RSI divergence that makes me comfortable in taking this short with stops above structure and targets down below ...
At long term resistance on the daily chart. Bearing divergence on the daily and the 4h charts. Also at the upper edge of the 4h ichi cloud. Trading short down to the bottom of the cloud with also corresponds with previous resistance.
Hi guys,
this is quite simple, it's a bat formation that's setting up on the 4hr chart and its D point it at a daily structure. This is why i'm very carefully looking at this pair, waiting for price to come back up to sell. Let's see, i'll keep you updated!
If you have any question/idea, feel free to comment below.
Otherwise, see you in the next chart!
Hi guys,
after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to ...
Hey guys,
here we are in front of an hourly chart on EURNZD. I share this because i think it could be useful to others. As you can see there were two strong sell offs that created two impulive move to the downside, breaking two level of intraday structure. These two events give me the belief in a reversal, that was confirmed by price action in forming a ...
Hey guys,
here on EURNZD i'm ready to go short. Do you want to know why? Here's explained: first of all, i've outlined a key structure on the daily chart (yellow box), then i lowered my timeframe to 4hr chart and there i saw different clues pointing on the same reversal direction. We've a Gartley pattern completed and still valid, we've an AB=CD pattern just ...
Hey guys,
just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns.
If you want to share your idea or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Hi guys,
here you can see the 4hr chart on EURNZD, i'm about to short this market and i'll briefly explain you why: firstly, the black line stands for a daily & weekly level of structure, that acted as support in the past, secondly, the RSI is overbought in this timeframe and it's showing some divergence on the daily chart. In addition to that, there's an AB=CD ...
Hi guys,
this time i choose to use this layout so that you can better undestand the thought process behind this opportunity. As you can see on the left (daily chart) in the past weeks price has been consolidating between 1,520 and 1,545. However, last thursday, price has broken to the downside with a big bearish candle followed by another candle closing below ...
Hi guys,
just wanted to share with you this setup that i'm selling right now. As you can see we have a nice Gartley pattern and right at the D point price has created a double top. Stops above the highs, target at the 382 and 618 retracements.
If you want to share your idea or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Hi guys,
here we are on EURNZD and on the 4hr chart we're going through a period of consolidation. As you may know, in this kind of scenarios, harmonic patterns appear very often. On the chart above there's a Gartley and a Bat completing at the same level. If you're a pattern trader you should take this.
Stops above X, targets as usual for patterns.
If you want ...
EURNZD has soared on the back of a hawkish ECB and a dovish RBNZ. With prices well above the 200 sma on the DTF this pair looks to be headed to major resistance at 1.5765. Studies are highly overbought with the RSI on the DTF reading 78 and TDI suggest we need to return to lower ground before the next leg north.
Same advice as other EUR pairs as we await Draghi ...
Hi guys,
just wanted to let you know that i'm watching attentively to this pair, since price is testing a very important structure level that acted as support and resistance many times in the past.
As of now, i'm looking for weaknesses in order to short the market: notice that we're deeply in overbought condition and price is testing a psychological number (along ...
