Kevin_Zhang

Kevin_Zhang Updated 

Hi traders, A harmonic bat pattern has formed on the USDJPY on the 4H timeframe. The terminal price bar has just been established, confirming all three ratios of the PRZ. This makes it a great opportunity to enter soon! The PRZ is comprised of 3 ratios: 1.414 alternate AB=CD, at 108.179 0.886 XA retracement, at 108.243 2.24 BC projection, at 108.278 The take...

Kevin_Zhang Updated 

Hi all, Today's analysis is neither a long or short, as it all comes down to a key event occurring in a few hours: the interest rate decision by the Fed. Technicals: That being said, there is a bearish shark harmonic pattern forming on the 4H time with a PRZ at 0.886. Here is the key information needed for this pattern: PRZ formed from 2 ratios: 0B at 0.886...

Kevin_Zhang Updated 

Hi traders, An AB=CD pattern has formed on the AUDCAD. This is a pattern that has already previously been confirmed and actually has reached the management take profit previously as well. Regardless, it has returned to its PRZ, giving us another opportunity to enter. The PRZ is comprised of just 2 ratios, the main one of which is the 1.414 BC projection. This is...

Kevin_Zhang Updated 

Hi traders, Today's investment thesis is simple, which is that I foresee a rise in the EUR against the USD intermediate term. Here's a breakdown of the technicals and fundamentals: Technicals: Strong support level on the 4H (marked orange) and this level has also been tested on the daily timeframe previously. RSI oversold (yellow arrow on RSI). Marked on the...

Kevin_Zhang Updated 

Hi everyone, USDJPY has confirmed a bearish Shark harmonic pattern on the 4-hour timeframe. The potential reversal zone (PRZ) is comprised of two ratios: 0.886 OB retracement, 108.502, 2.0 AB projection, 108.696. Stop loss is set at 1.13 0B projection, or 108.975. Take profit is set at two levels, management and final. The management level is the 0.5 BC...

Kevin_Zhang Updated 

Hi Traders, You probably already noticed the seemingly empty chart today. That's because we are going to be focusing on fundamentals for USDJPY, and why I am short. To start, it is no longer a question of if, but rather, when, the Fed will be cutting rates for me. This is due to various factors, and we will walk through them: Firstly, there is a huge miss in...

Kevin_Zhang Updated 

Hi everyone, EURNZD has confirmed a shark harmonic pattern on the daily timeframe. The potential reversal zone (PRZ) is comprised of two ratios: 0.886 OB retracement, 1.71275, 1.618 AB projection, 1.70611. Stop loss is set at 1.13 0B projection, or 1.73566. Take profit is set at two levels, management and final. The management level is the 0.5 BC...

Kevin_Zhang Updated 

Hi everyone, CADCHF has just confirmed a bearish Cypher harmonic pattern on the daily timeframe. The potential reversal zone (PRZ) is comprised of the 0.786 XC retracement, or in price terms, 0.75878. Stop loss is set a minimum of the X point, or 0.76436. Take profit is set at two levels, management and final. The management level is the 0.382 CD...

Kevin_Zhang Updated 

Hi all, BTCUSD is on its way to forming a bearish bat formation on the 1-hour chart. The potential reversal zone is formed of three ratios: 2.0 BC projection at 5443.23, 0.886 XA retracement at 5421.15, 1.618 alternate AB=CD at 5418.98. The terminal price bar has yet to establish, but this is a pattern that traders should watch out for on the 1-hour. On the...

Kevin_Zhang Updated 

Hi everyone, USDJPY has confirmed a bearish bat harmonic pattern on the 4-hour timeframe. The potential reversal zone (PRZ) is comprised of 3 ratios: 0.886 XA retracement at 111.652 2.24 BC projection at 111.563, 1.618 alternate AB=CD at 111.647. Stop loss is set at the 1.13 XA projection, or 112.188. Take profit is set at two levels, management and final....

Kevin_Zhang Updated 

Hi everyone, USDSGD has just confirmed a bearish shark harmonic pattern on the 4-hour timeframe with a 0B retracement of 0.886. The potential reversal zone (PRZ) is comprised of 2 ratios: 1.618 AB projection at 1.36041 0.886 0B retracement at 1.35979 Stop loss is set at the 1.13 0B projection, or 1.36327. Take profit is set at two levels, management and...

Kevin_Zhang Updated 

Hi everyone, JP225USD has just confirmed a bullish bat harmonic pattern on the 1-hour timeframe. The potential reversal zone (PRZ) is comprised of 3 ratios: 0.886 XA retracement at 21357.1 2.0 BC projection at 21370.5 1.618 alternate AB=CD at 21407.2. Stop loss is set at the 1.13 XA projection, or 21216.0. Take profit is set at two levels, management and...

Kevin_Zhang Updated 

Hi everyone, EURAUD has just confirmed a bearish bat harmonic pattern on the 1-hour timeframe. The potential reversal zone (PRZ) is comprised of 3 ratios: 0.886 XA retracement at 1.59958 2.24 BC projection at 1.59983 2.0 alternate AB=CD at 1.6004. Stop loss is set at the 1.13 XA projection, or 1.60468. Take profit is set at two levels, management and...

Kevin_Zhang Updated 

Hi everyone,  A Shark Harmonic Pattern has just been confirmed on the 4-hour timeframe on EURGBP. It has a PRZ formed of two ratios:  0B projection: 1.13  AB projection 2.24  For take profits, we have:  Management level: 0.87140  Final take-profit level: 0.88114  For stop loss, 0.85575  This gives us an overall risk to reward ratio of 7.42.  On the major...

Kevin_Zhang Updated 

Hi everyone, AUDJPY has just confirmed a bearish shark harmonic pattern on the 15-minute timeframe with a 0B retracement of 0.886. The potential reversal zone (PRZ) is comprised of 3 ratios: 2.0 AB projection at 79.136 0.886 0B retracement at 79.112 2.618 alternate AB=CD at 79.090. Stop loss is set at the 1.13 0B projection, or 79.389. Take profit is set at...

Kevin_Zhang Updated 

Hi everyone, SGDJPY has just formed a bearish butterfly harmonic pattern on the 1-hour timeframe with significant confluence as price-action has reached the upper resistance level of SGDJPY's current ascending channel. The potential reversal zone (PRZ) is comprised of 3 ratios: 4.23 BC projection at 81.813 1.618 XA projection at 81.793 3.14 alternate AB=CD at...