The price has broken critical zone many time with retests on that exact level which has formed a pattern that look like unfinished H&S formation which was why i opened a sell from the top of right shoulder expecting it to go down but now I am waiting to see if high impact news will help to complete its true head and shoulder which will push price downwards...
EURUSD is playing around in descending channel, either bull break out to go 1.10600.
On the negative side, If it doesn’t break out, Bear will take over and plummet to 1.109630 where support line is.
There’s EUR news from low to high impact today which will likely to effect the market.
NZDUSD has high impact news expected tonight at 7pm EASTERN TIME that is about their business confidence.
In this analysis you can see that the 4 HOUR candle has hit this line which is a resistance level from the daily chart
There is obvious divergence on the 4HOUR and DAILY CHART and its very oversold on the 4HOUR, and nearly oversold on the DAILY.
I would...
Hello Traders,
Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
Hello Traders,
Here we have a valid bullish Gartley pattern along with valid harmonic AB=CD move on FX:USOIL . Both patterns are completing right at the 127.2% fib extension level. We can probably wait for an even deeper CD leg completion, in order to get better risk to reward for this setup. Stops and targets are labelled on the chart above.
NOTE #1: ...
![USOIL: USOIL: BULLISH GARTLEY PATTERN WITH AB=CD HARMONIC MOVE [D]!!!](https://s3.tradingview.com/d/DN5yQOxu_mid.png "USOIL: BULLISH GARTLEY PATTERN WITH AB=CD HARMONIC MOVE [D]!!!")