Harmonics taking place on AUDNZD!Hey guys,
i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to.
The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left.
Besides, also the 382 retracement of the bigger impulse lies right around there.
The RSI is in oversold condition so we can start looking for price action in order to long this pair.
Keep you updated!
If you want to share your view, or just ask questions, feel free to comment below.
Otherwise, see you in the next chart!
382
Harmonics in play! (AUDNZD analysis)Hey guys,
i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to.
The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left.
Besides, also the 382 retracement of the bigger impulse lies right around there.
The RSI is in oversold condition so we can start looking for price action in order to long this pair.
Keep you updated!
If you want to share your view, or just ask questions, feel free to comment below.
Otherwise, see you in the next chart!
EURJPY - Long view, waning Bear?This pair has consistently tanked into a 1 day retracement zone of 115.07(786) to 117.001 (618).
Seeing that much consistency against this pair means we could be chasing a bottom, possibly.
A recent fib study shows a 1st stop 116.517 (382) did in fact stop a 1st run up twice earlier in the trading session.
I am keeping an eye on that recent fib study to see if we break lower towards the larger 115.07 (786) price point or if we break that recent fib 1st stop 116.517 (382). If we break 116.517 then I plan to place larger bets into the Bull market.
Is AUDUSD ready for a reverse?Hi guys,
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to reward ratio seems pretty good.
Keep you updated.
If you want to share your idea about this or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Double Top on USDCADHi guys,
today i want to share with you a simple setup we have on USDCAD. The overall trend is bearish, and price is now testing the 382 retracement of the bigger impulsive leg. After the first failed attempt it has came up at the same level creating a nice double top. If the current candle will close red, then i will be shorting this pair, with first target at the retest of the neckline, and the second target at the bottom (around 1,33).
Let's wait and see.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
EurUSD Possible Reversal from .382 RetracementPrice @ .382 Retracement of UP AB Swing
Bottom of the channel
Touched Up Trend Line
StochRSI Over Sold
I am waiting for Possible Bullish Signal at lower time frame e.g. 1H or 15M
Kings Crown, Revers Head and Shoulder, Bullish Candle Stick Formation
if not i will continue selling till .236 fib level
EUR/USD 240 Structure supportLooking to get long at former resistance. There is a .382 confluence in the zone I want to get long at. Between 1.1310-1.1330. I looking to get long at 1.1310 unless we get a nice rejection candle on the 240. My stop will be at 1.1285 and my target is the swing high around 1.1405. Good luck trading out there.
Possible 2618 on the 4 hr So after yesterdays News release its changed the flow and trend of this pair.
We came right back down into previous support levels and bounced right back up and broke struckture to the upside. With this move it could now signal a change in Trend.
Possible retracement back down to previous support around the 382 level but also the possibilty of a 618 retracement before a further rise
Short AUDCAD: Bat + Crab + Fib Cluster + PivotAUDCAD is nearing the PRZ of two bearish harmonic patterns. The PRZ is confluent with resistance from a Fibonacci cluster (.618 and .786) formed by two structure highs and lows. To add to the bearish bias, there is a missed monthly pivot below price which coincides with .618CD. Entry is placed at the center of the PRZ with SL at 1.13XA (bat) and targets at the .382 retracement of the CD leg.
Confluence in the PRZ:
Bearish crab pattern completion
Bearish bat pattern completion
3.382AB=CD
3BC Projection
Fibonacci cluster
Missed December, 2015 pivot below price
Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
EUR/USD Channeling up to previous High, Resistance & Fib. levelBased On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum..
IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive for EUR and Negative for Dollar, this could be a fast move (1day).
Then ==> I will Buy EUR/USD, I may however buy it at a slightly higher price as the price action up has already strated, but it would be safer to wait till the price drops and then but, it could also not happen.
(IF EUR/USD will go up very slowly THEN i will take some profits of early)
IF Today's big economic calendar events goes in conflict with a move up THEN ==> i will close my position and possibly open it again if an opportunity presents itself.
Thoughts & Why's
UP SIDE
There is a clear channel that is going up and is likely to continue.
Stochastics RSI is Oversold at 11 (11.4)
Momentum is gaining
Strong structure (6-8 points)
US Dollar INDEX (DXY) look's like a sell along with USD/CHF ( ) so EUR/USD should go up as dollar weakens.
There is also a double bottom, which is also a medium sign that EUR/USD is going to go up in short term.
DOWN SIDE
1. Major Fibonacci Level 0.382
2. Structure (Confluence with Fib Level 0.382)
A major 0.382 Fibonacci level at 1.3689 that and structure right there as well.
When Fib Level 0.382 (EUR/USD=1.3689) a retracement will probably take place if Dollar index goes down.
IF you like my ideas and want to say thanks, please like&share them. As always thank you for viewing & till next time.