This is nothing more that an assumption on what should happen based on trend, support and resistance zones and of course the normal fluidity movements of the markets.
This pair has a divergence both on daily and H4, so the probability of a correction is higher than a continuation of the trend wright now. Patience is required for both scenarios: - for BUY wait for a clear break out of the triangle, but be careful with false break outs because of the divergence - for SELL wait a break of the triangle and enjoy your TP
Yes it was a strong up movement, and yes it braked the preview high on H1. But i believe a scenario similar with this must happen in order to have a strong confirmation of the uptrend.
Is the correction over now? Should we see the uptrend blowing like usual now?
Descending trend still on run until the break of the preview High
I was waiting for an hourly signal to buy on this 4h Falling Wedge, so i am long this one
I have identified this rising wedge, so i believe a movement down will come
Dear traders, The market reaction from today was surprising for some of the traders who would have expected that after the Fed decision of rate hike, the USD was supposed to gain value. Probably it was just the Technical analisse winning against the Fundamental one. As you can see in my daily chart, i had identify 2 Bearish patterns, a Cypher and a Butterfly,...
There is a potential huge reversal here. So we have X leg at a support level that gives me confidence with this trade. If it breaks and close below that it might go as down as under 1.5900 but for the moment i am just waiting a D leg completion at .886 Fib Level because i am going long on this one baby:)
Uptrend and Bullish Butterfly formation. I was filled on this one, now i am just waiting to see the result
Hello everyone. A Bullish Bat pattern my be developing in the next days in an Uptrend so i will have my eyes on this one, will you also? :)
I have identify 2 harmonic bearish pattern on 4h EURAUD, a Cypher and a butterfly, strange combination. What is interesting is that the completion D leg of both of them are in the same area with an strong resistance level. Considering that the pair is on a downtrend, you might want to sell this one, either when the price is reaching the D leg price, or wait for a...
This bullish bat pattern has formed in a bearish trend confirmed also by structure, but also by EMA. It might be a little risky to buy here because a new low it might be forming, we already have an 4h candlestick closed below X leg of the pattern.
Watch for a clear break out this pattern, there is a strong support area there. It might go both ways, but there is a divergence on RSI so there is a slightly possibility of this to go up.
There is a trend reversal probability here.
I have 2 harmonic trades on 4h chart that i am watching for the next days to complete. Bearish Gartley with a nice 1.5 win ratio Bullish Batt with a 2.5 win ratio Please use SL to your trades. Nobody knows exactly what the market is going to do next, but anybody can predict it from time to time.
There are allot of indicators that will keep me on the long side with this pair
There are allot of indicators that will keep me on long for this pair