EURNZD - Bearish TrendEURNZD is on Bearish trend and seems to continue. Harmonic's AB=CD pattern shows the potential reversal zone. No Divergence on RSI on 1Hr and 4Hr chart.
AB-CD
GBPUSD🗝️ LEVELS TO WATCH 👀AND WHY🤔🐲Hello Awesome Traders!
I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by GBPUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades.
GBPUSD has formed a double bottom pattern around the 1.2529 level, with striking similarities between the first and second bottoms.
Examining the CD leg, we observe two sets of equal downward swings, indicating symmetry in length. This setup is conducive to buying low and selling high, offering opportunities for traders.
For pattern enthusiasts, there are two notable formations: a flat AB=CD pattern and a dragon pattern. These patterns provide additional confluence and increase the setup's reliability.
I've drawn a trendline marked as 'E,' which the price should ideally break with a surge in volume to confirm market participation.
Targets:
For intraday traders, consider targeting the 62% Fibonacci retracement level of the AD leg at 1.25944.
Another target to watch for, especially for those eyeing the dragon pattern, is the 78% Fibonacci retracement level of the AD leg at 1.26125, which aligns with the 127% extension of the CD leg.
Trading Strategy:
Swing traders can monitor the chart over the next few days for potential long opportunities.
Keep an eye on price action and volume dynamics for confirmation before entering trades.
Set appropriate stop-loss orders to manage risk effectively.
For intraday trades, consider taking partial profits at key Fibonacci levels to lock in gains.
Happy trading, and may the pips be with you!
EURUSD - Parallel Channel - AB-CDChart shows the possibility of the Parallel Channel and AB-CD pattern and the targets.
Possible harmonic discovery on BTC. XABC is plotted, now it looks as if we are headed to D which would be roughly around the 1.272 fib note. This may not play out, but it is an idea. If it were to play out, expect a dump following D, back down
XBTUSD BTCUSD 1ST BUYING PATTERN OF A NEW BULL MARKET?In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought
if it fails will head down to form at least a butterfly at 1.1272
USDMXN AB=CD Pattern AB=CD formation on USDMXD with a retracement of 0.786 Fib pattern will also be valid if it touches the 0.618 Fib but not over you can enter at point C and put stop loss above the 0.618 Fib
EURUSD - Back to Back Bearish AB = CD Pattern It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?
Bear Advanced Pattern FormationWe expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
USDCAD Potential AB=CD Pattern?Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity.
Thanks for your suggestions and kind regards,
Funkymonkey
GBPUSD Short ideaPotential Gartley and ABCD harmonic patterns to trade plus the completion area of gartley at a strong resistance area. Like if you agree and you're welcome to share your opinions.
Full of patterns on EURO???Market is trading below a significant resistant since sept 2015 plus there is several possible patterns. In the red is a good area to go short. This market prediction is just my opinions. If you agree hit like button, or you can share your view.
USDCAD short From 1.3650 USDCAD short Open 1.3650
SL/ 1.3751
TP1: 1.3521
TP2:1.3430
TP3:1.3353
TP4:1.3316
EURUSD: BREAKING DOWN A KILLZONE on the Euro (VIDEO)Here's a video of the breakdown we performed on the EURUSD in this morning's Live Trading Room www.youtube.com
If you're interested in trading with me Live, check out our FREE 1 week trial. See you in the room!
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Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
