Daniel.Dalo

Daniel.Dalo

A nice Gartley pattern has just completed inside a big descending triangle formation, so a very nice short opportunity and hopefully to catch the complete move to the bottom of the triangle. The PRZ is marked in the blue rectangle. Good luck everyone!!

Daniel.Dalo

Price has just completed a very nice Gartley pattern inside a huge descending triangle formation, so a nice opportunity to go short from here and hopefully catch the move to the bottom of the triangle. The PRZ is marked in the blue rectangle. Good luck everyone!

Daniel.Dalo

A very nice confluence in place, we can see how perfectly the Cypher pattern in purple completed exactly at point E from the descending triangle corrective structure, so I expect a break to the downside to resume the downtrend. A more conservative way to trade this would be to wait for the break and then trade the retracement to the previous structure support...

Daniel.Dalo

I just found this nice Crab pattern about to complete at the 161.8 extension and 2.24 extension confluence level at 0.7399, so I'll get in because it is as well placed exactly at a very strong support level, so is a good opportunity for a major turn of price. Let's see what happens with this one, good luck!

Daniel.Dalo

Price is making it's way up in a corrective pattern towards the completion of the yellow Bat pattern, not in such a good structure level, but might see a reaction from here as price is not looking too impulsive. If price continues to retrace from the last minor leg up, we might expect a reaction from the completion of the purple Shark pattern in confluence with a...

Daniel.Dalo

A Cypher pattern just completed and we are currently watching a nice reaction from completion point D, but we have to wait to see if it reaches the targets. My first target for this one is denoted by point C of the Bat pattern. The Bat pattern would complete just a bit below the Cypher's point D, but in my opinion, we might expect some more bullish action until...

Daniel.Dalo

We are currently watching price forming and indecision candle on top of a major support area, so I'm looking to buy above the indecision candle with target at next resistance level around 0.7835 and possible a Bat pattern completing ahead, so a great opportunity with low risk and a good +4R. Good trading everyone!

Daniel.Dalo

Even after what happened with some pairs this past week, now the USDCHF may return to higher values to find equilibrium, but we have to consider every possible scenario, so using harmonic patterns can give you that hability to be prepared for anything. If we care more about ratio alignment, we would want to take the bearish Gartley, it's almost perfect and the...

Daniel.Dalo

After a very succesful Cypher pattern, I'm currently watching over two more patterns that are emerging, a bearish Gartley completing at 120.170 and a bullish Bat completing at 116.150. If price falls and breaks the Bat pattern's B point, we could enter short in the market with targets at point D of completion. This method is known as BAMM (Bat Action Magnet...

Daniel.Dalo

Here are two possible patterns (Cypher in orange and Bat in purple) to get in the downtrend. Prices of entry are specified on the chart, stops would have to be about 5 to 10 pips above the X point and targets on key structure levels. Happy trading everyone!

Daniel.Dalo

Price is right now at demand and the RSI is building a nice divergence, meaning the bearish pressure is getting weaker and weaker, actually if we look at the last major swing low (which was the reaction from the supply level, price is struggling to get lower, so I expect a good reaction from this demand level. Stop a few pips below the demand zone and target can...

Daniel.Dalo

Just a quick opportunity to profit from the divergences shown in the 1H and 4H charts. As price is inside a daily demand, I would look for buying opportunities like this one. Target just a few pips below previous resistance level and stop a few pips below the lows. Good RR on this one, but price might go lower, so let's see what happens :)

Daniel.Dalo

Currently watching the 1H timeframe, as price have touched once more an important demand zone (0.9593 - 0.9620), and I was waiting for a confirmation that price might have a good bounce from this zone again. We have bullish divergence on the RSI as price touches the zone. Price already touched the zone and booked 26 pips, but I did not take it, I am waiting for a...

Daniel.Dalo

Two scenarios here: 1) Price breaks the triangle to the upside: if this happens, I 'd expect price to break the supply zone where it has used already 3 times and then I would short on the next 1H supply zone between 1.5812 - 1.5839 with 2:1 RR as a minimum target. 2) Price breaks to the downside: I would wait for price to test for the first time the demand zone...

Daniel.Dalo

I was looking amazed at this chain of events that have happened on the EURUSD pair. First of all, price reaches a Daily/240min demand zone around 1.2358 (proximal line of the 240min demand level), right when this is happening, there is a great looking serial bullish/positive divergence on the daily chart, which means price had given three lower lows, but the RSI...

Daniel.Dalo

Having the USD index breaking a daily supply level, we might expect price to continue a bit higher, so I'm taking a look at the relevant demand zones in the USDJPY pair as we could have an opportunity to enter the uptrend. On the 30min chart, we have a demand level between 113.850 - 114.000, which is also a structure level (support) on the 4H timeframe and very...

Daniel.Dalo

Looking at a very nice Bat pattern completing at 1.2970 with confluence at the 161.8 extension and inversion from the last swings in price. Could be a turning point to continue the downtrend in the daily timeframe. Good weekend everyone!

Daniel.Dalo

Waiting next week opening for a bounce off the demand level at 1.1250. Setup is Long: - Entry at 1.12525 (to cover the spread) - Stops at 1.1221 - First target is at 1.1320 I like this setup because on the higher timeframes there is no fresh supply near current price and the overall trend is bullish, so it's a nice opportunity to enter the uptrend, at least...