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1hr

Short Opportunity USD/JPY at previous support zonePrice has retraced to near previous support zone and also the downward trend line. Will be looking for price action to confirm entry with either a double top or a bearish engulfing candle without price passing the downward trend line on the 15 min chart or 1 hour chart. Position 1 and 2 short price target around 110.5 Position 1 Stop Loss: 39 Pips Position 1 Take Profit: 59 Pips (determined by blue circles resistance areas) Position 2 Stop Loss: 39 Pips Position 2 Take Profit: 112 (determined by previous support/resistance zone)
Short
by glitchTA
Cypher Pattern - 4 hour - SHORT opportunity Cypher pattern coming up to an important supply/demand zone. Waiting for engulfing bearish candlestick close @ the top of the hour for entry. Several good reasons to enter: 1) Coming up to previous strong supply/demand 2) An engulfing candle close at top of the hour at this zone shows sellers presence 3) Currently respecting downward trend line 4) Selling with the overall down trend 5) Cypher pattern 6) RSI oversold Position 1: SL: 45 pips, Take Profit: 70 pips (@ .382 Fib) Position 2: SL: 45 pips, Take Profit: 120 pip (@ .618 Fib)
Short
by glitchTA
USDCHF TRADE HARMONICS (1HR)From my harmonic pattern analysis, there is a possible projection for longing in the market. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk management, SL, TP. But if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of my ideas posted about trades have been 100% correct. I will post where you need to get in but you need to make the effort to see where you need to get out, SL, TP etc... timing for your trades is not my problem, just to let you know. Now, If you have any questions please private message me or write it in the comments below, Thanks ENJOY!
Long
by bilalmehmood8729
6
USDCHF 1HR TIMEFRAME HARMONICS (NOT A TRADE NEED MORE DATA) We need more data to officialise this trade but, from my harmonic pattern analysis, there is a possible projection for longing in the market, but we need to wait a bit more time to officialise this. If you feel that my trade is good by all means take it! Please do not place any trade if you are unsure about harmonics as you may not know how to do your risk management, SL, TP. But if you know how to calculate where your stops and take profits are, by all means, go! But I will not be responsible if your trades are losing. So far all of my ideas posted about trades have been 100% correct. I will post where you need to get in but you need to make the effort to see where you need to get out, SL, TP etc... timing for your trades is not my problem, just to let you know. Now, If you have any questions please private message me or write it in the comments below, Thanks ENJOY!
by bilalmehmood8729
Possible Elliot Triple Combo formation occurance on USD/DKKAs you can see in the 1 hr timeframe, you'll see a downward trend emerging in a WXYXZ pattern with the Z hopefully play part in the formation. Also drawn on the chart was a green support zone which indicates the market moving to the uptrend as the previous candles are touching this support line approximately 4-5 times. This gives me enough indication that the market will hit to the upward and rally on until it hits the Z formation of the pattern and begins to downtrend to continue on the pattern merged previously. SL and Take Profits are all listed.
Long
by chiefcapitalfx
Cypher, Bat (1hr) Butterfly (daily) pattern completionsHere we have 3 patterns all finishing relatively close together. There are patterns on the hourly which you can take for a more short term basis targets at 382 and 618. The patterns complete at a decent level of resistance if you look back on a higher time frame. I will be looking to take this short soon if my entry rules are met. We also have almost an oversold signal on the rsi on the daily time frame and bearish divergence on the 1hr and 4hr time frame. A potential nice setup for more active traders and long term swing traders. Trade safe bros.
by kingzark