We are looking at the GBPJPY approaching a major level of structure (Resistance) in confluence with a major fibonacci level (The 61.8). We will be waiting for the price to show reversal proce patterns, not likely to enter aggressive in this trade, Of course if it breaks above the resistance, we'll start to look for long opportunities. Remember guys, Eyes on...
Check this out! We have the following setting up: Bearish bat pattern AB=CD pattern 3 Drives pattern all of them completing around the 88.6% Fibonacci retracement Best of Trading!
There are many traders out there who are anxious about going against the Trend, bcos they are unsure whether that works. Well, Today I got one scenario in GBPUSD where going against the trend can be profitable , only if market reverses in our marked Potential Reversal Zone. See how markets moved in Harmonic move thrice and yes, there is an ABCD pattern which I...
EURGBP could be facing a potential reversal, looking at all the signs. I have explained the crucial areas on the chart, but I will go over it in more detail. On chart: As we can see, the pair is closing in resistance at 0.8, which is working as a strong resistance, but due to it being a physiological level, but also because it has held multiple times throughout...
Potential reversal zone Gbpusd
Following on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply...
Hello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said...
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...
Potential Bullish Trend Continuation trading opportunity on the GBPUSD. To create my potential reversal zone I've used a combination of structure, market harmonics and Fibonacci tools. Also if you missed it live yesterday I posted a recording of our week 5 trading recap video on my youtube page. If you're new make & you like what you see make sure you give me a...
Hello Traders, Here we have a measured AB=CD move that is very close to its completion point in FX:GBPNZD on the Daily time frame. Do note that the market is currently sitting very close to the Potential Reversal Zone (PRZ) which is made up of Fibonacci cluster (Fib extensions and retracement). There is no clear structure present at this potential...
Silver is in consolidation. Leading direction is still downside so it's better to get involved in short position. Sell if price complete the bearish Gartley which could be very next to upper "consolidation" trendline and .618 fib retracement of the beginning consolidation swing. Potential Reversal Zone in the chart
Eurusd waiting for Pullback-buy Minor support 1,0900 / 1,0870 Maybe Today NFP will give us a Big Surpirse Good Luck
EURUSD has completed a large Gartley pattern on the weekly TF at a very important area of support. The support comes from a trendline dating back to the year 2000 which has been tested three times and has yet to be broken in the past 15 years. This is the second time price has tested the Gartley PRZ, proving it to be a key area of support as well. To add to...
EURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below. PRZ1...
BAT PATTERN PAIR: GBP/AUD TIME-FRAME: 4HR TRADE: BEARISH BAT PATTERN Currently waiting for this Harmonic Move to complete into a PRZ where we have Fibonacci clusters and structure. To add to that, we have a case for entry using a potential bearish Bat Pattern. Looking @ 2.16 and 2.17 levels. NOTE: These are potential trade opportunities. Please ...
Hello Traders, Here we have a VALID BEARISH HARMONIC ABCD PATTERN on FX:EURUSD , that recently got completed. Note that since the market is currently at the completion point for this pattern, this trade is considered to be ACTIVE now. The overall short term 4 HR trend is to the downside, with the market coming back deep into PRZ , giving us a nice shorting...