good morning traders,
on EURGBP we have two nice potential harmonic patterns to trade.
A big one is a bearish gartley formation:
sell limit - 0.8575
stop - 0.862
t1 - 0.8505
t2 - 0.846
A small one is a bullish gartley formation:
buy limit - 0.8405
stop - 0.8375
t1 - 0.846
please, like and comment on the...
I hope you all enjoy the weekend.
I have received a lot of questions concerning EURUSD and what can we expect the following weeks.
On Friday the pair retraced from a strong horizontal support and momentum is overwhelmingly bullish .
I believe that next week bulls will push the market to retest the...
GBPNZD is going to treat us very well this week if the pattern is correct.
Most of the time when im reading the patterns, im getting them right so lets see how this will play out.
I'm about to do a live trading video on it, so stay tune and wait and see.
Trade Safe - Trade Simple
After Friday's UK General Election that saw the pound gain strength, I wonder what the market has in store for us this week.
I must admit, my directional bias is looking for sells on GBP pairs. I mean, how much longer can price rise without correcting?
BRING ON THE CORRECTIONS!
With days to go before the Christmas break, I'm looking to get in and get out!...
For now, the pair is in complete indecision!
The side of the breakout of the horizontal range will show us further market direction.
I will be focused on a bearish breakout to short the market and catch a pullback!
My target levels will be
NZDCAD is approaching a strong level of resistance.
We have an opportunity to catch a retracement.
pay close attention to a potential head and shoulders formation.
market is currently forming a right shoulder.
let it complete it and then look for an occasional breakout.
Target levels will be:
stop will be...
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding...
be very careful with trading AUDUSD right now.
from one side we saw a break and close above the recent level of resistance
from the other, the market is facing a falling trendline
for now, it is better to let the market decide its future direction
and only then act accordingly.
we can expect bullish...
this is an update for my previous post on USDCAD .
Pair is currently entering the identified zone of demand
and we see a formation of a dodji candle in conjunction with oversold rsi .
for many sellers, it is a very important warning and I think that many of them
will close their selling positions.
those who missed short from higher structure levels on GBPUSD
still, have an opportunity to catch a selling wave.
on 1H chart we see a formation of a head and shoulders pattern,
and the market has already broken below the neckline.
taking into account high accuracy of this pattern,
I expect to...
Completed head and shoulders pattern formation on NZDUSD .
There is a high chance to see bullish continuation to higher levels of structure.
Now we are waiting for a bullish breakout of a neckline to buy the pair.
Target levels are based on structure:
T1 - 0.6380
T2 - 0.6335
Please, support idea with like. Thank you!)
USDCHF is now trading at trendline and horizontal resistance after the midterm uptrend. The pair appears bullish around this area so we will wait to see a rejection of this level before looking for short entries.
The Bitcoin has crossed the level predicted at 10,354 (now 10,388), leaving us with a 9% profit for those who closed their trades at the level 10,354 for roughly around 4-5 days.
The BTC has also crossed the resistance level of the triangle, which indicates a strong breakout, and the market shows a strong Buy momentum, which might indicate a potential of reaching...