samoten

samoten Updated 

Aggressive traders can look for entry at this level. The pair is oversold and looks like the bears are loosing momentum as we can see from some indicators. Conservative traders may look at the R1 level and buy a possible breakout with greater chance of success. Either ways the reward is nice, R/R is acceptable and probability is 80%. I have a similar idea for the...

samoten Updated 

Aggressive long position on spot is supported by: 1. Strong horizontal support zone; 2. Weekly trend line; 3. Accelerating H4 bullish divergence in RSI and MACD over the last 10 days. Conservative and more reliable entry would be if breakout of R1 resistance occur but SL would be larger. Target - 2.0 level Let's buy this CD leg and good luck as always to both...

samoten

Reasons to buy: 1. Bullish Shark confirmed; 2. MACD hidden bullish divergence. -------------------------------------------- Aggressive entry as shown on the chart. Safer entry wait for confirmed break off the local horizontal resistance and Neckline on H1 at least. Success rate 80% as usual. Good luck!

samoten

Do you see a Head and Shoulders formation? I do but having a long bias on this pair I would like to take the risk and buying a possible AB leg of a possible Deep Crab projected. This idea contains high risk. The conservative entry would be if R0 is violated with H4 candle closing above this small structure resistance. Some of the factors that support this idea...

samoten Updated 

Is this Bearish Butterfly going to hold after it has confirmed to be valid? Before we push higher it is wise to look at the price action in PRZ of this Harmonic. Breaking off the bullish TL would give us more confidence to enter short for a correction of last impulse move before switching to long bias again imo. I have already entered an aggressive short from the...

samoten Updated 

As I am selling this Alt. Bat from the top expecting correction to broken daily strong resistance which has not been tested yet I see a possible Gartley forming that will support the general hawkish idea that I have on this pair. This will take a while as I am expecting to be a corrective wave after last strong bullish move but the main long opportunity would be...

samoten Updated 

From a Harmonic perspective looking for one more push down for a completion of expected Gartley which will give us nice long opportunities if it is confirmed. From Wave perspective we are in the 4-th corrective wave which is forming some kind of ascending triangle more likely before last impulse leg down (5-th wave). Currently price is consolidating in this narrow...

samoten Updated 

Time for a pull-back? If we trust these beautiful 2 harmonics with D-point at the same price zone, I would say YES. And the pull-back seems to be deeper than just retesting the broken long time (5 months) resistance if we look for both TP's to be hit. Although my bias remains hawkish on this pair and I have buying intensively over last couple of weeks, now it is...

samoten

If we consider that the C-point of this projected bearish Deep Crab has been formed on Friday last week with a support of 200 MA, I would project this Harmonic pattern to its completion at the D-point for 450 pips with very low risk taking in mind three more reasons: 1. Inverted H&S as shown on the chart. If its Neckline got broken it will be a good reason to go...

samoten

After we hit TP2 of this nice Bearish Crab we can now focus on long opportunities. The level price is sitting right now matches perfectly with 61.8 Fib retracement of the second impulse move, 200 SMA and neckline of W-formation. I personally will be looking at H4 candle close above minor structure resistance @ 0.9150 before longing this pair with potential final...

samoten

This H1 Bearish Bat completed right at the zone of broken support turned into a resistance. Together with a MACD hidden divergence we have three strong reasons to short this pair for up to 130 pips reward for a completion of higher time frame Harmonics from my previous idea before expecting any major retracement. Good luck on finding a nice entry!

samoten Updated 

Questions on demand. Please before asking any questions, look at related ideas. Thank you.

samoten

Sell only after confirmation in lower time frames. Will be posted on updates if trade got active. Comment: Looking for a short term bearish reaction before going long again. If this idea plays out well, same bias could be applied to related pairs.

samoten

Very interesting situation from Harmonic point of view. Possible Daily Gartley and H4 Butterfly have same PRZ which by itself is a strong support as we saw on USD/JPY idea last week. Although my bias remains bearish longer term, this doesn't mean that we cannot look for buying opportunities all the way. Potential 130 as a minimum up to 200 pips for a creation of...

samoten Updated 

Is the consolidation over for this pair? From my point of view looking from Harmonic perspective, we are ready to break up to complete the bearish Bat projected. After bearish Shark and bullish Bat that played out quite well, price failed to form a bearish Bat to stay in this long time consolidation zone and currently is aiming for a bearish Crab which will give...

samoten Updated 

Hello Traders, This idea I have been looking for a long time and now it seems to be very close to be tested by The Market. I personally will be looking for short opportunities next week if the last top got broken. This could be a nice deep retracement with very good RR but also risky as we are trading against the trend. Please comment my second idea, this would be...

samoten Updated 

Well, this is a complex situation in a harmonic perspective from my point of view. Even though I was looking for a completion of Shark 1 at the beginning, after last week's extremely strong bearish move with small to no pull-backs, I can assume that the last H4 bullish candle was a simple profit taking on Friday rather than reaction of the first Harmonic pattern...

samoten

Consolidation over for all these pairs. Time for bulls to show their strength? As I have similar idea for EUR/NZD which is already playing out quite well, I believe that these 5 mentioned reasons to hold longs long term, are enough for not conservative traders like me :) Good luck!