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Abcdchartpattern

Swing trade about to happen on CZcoin BNBUSDTBNBUSDT is about to finish the 5th wave of a contracting ending diagonal. 12% drawdown can be expected as illustrated on this 1D chart. Price action on intraday below volume POC. According to my wave count, BNBUSDT is likely to be enter in a 5-wave swing-downward correction to made a lower low amid 160 USDT price @ least extending down 1.618 from the ABCD reciprocal harmonic pattern displayed. In a Wickoff method perspective, the price tends to enter in a SOW phase, breaking-down this triangle structure, but a rally of relief can be expected as a potential growth of BTCUSDT for the next month open. Oscillators: *Fisher Transform; *ESCGO_LZ (smoothed stochastic); *Chaikin Money Flow. This strategy was published for an educational study of the cycles of BNBUSDT market. You can see more of my progression on this short position by my previous posts.
Short
by firmestudio
BTC-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. BITCOIN (BTC) is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bearish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ if Divergence will be observed at PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of BTC-USD pair till PRZ.
BITSTAMP:BTCUSDLong
by haroonsiddiki
NZD-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. NZD-USD Forex pair is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument.
Long
by haroonsiddiki
GBP-JPY: POSSIBLE REVERSAL| SHORT SETUP | ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. GBP-JPY is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ.
Short
by haroonsiddiki
XAUUSD Short for day tradersHi everyone, The Gold/ XAUUSD pracious metal has rejected on a local trendline and created a complete Bearish ABCD. When you look at that region on the daily time frame, it apears we have a bearish flag forming because we have multile confirmations for this shorting movement, we will now enter a short/ sell trade to take profit at our support cluster at 1820. Please share your thoughts. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
FOREXCOM:XAUUSDShort
by Mezzoforte_Privilege
XAUUSD DAILY STRUCTURE EXPLAINED XAUUSD on its Daily chart is forming a Cup and Handle pattern. The price is currently in the handle fase and trading a bearish wolfe wave with Estimate price of arrival at approximately 1443.647 at the low of the handle 382% retracement from Cup low. The price has given short signals on Tuesday 13 december due to a Berish AB=CD formation in H4 and is currently retracing to the 382% forming a bearish ABC in H4 chart. Short trades opportunities to 1443.647 may be available from the Week 19th DEc. Once 1743.64 is accomplished, long trades opportunities may be in place to target 1808.194 and looking for the breakout at this point to target further TP1 1879.013 100% AD 272% C&H TP2 1950.965 1272% AD 618% C&H TP3 2041.992 1618% AD 100% SYMMETRY DEPTH C&H With all that said Merry Christmas peace, love and trade safe. Le the money be with you lol TRADE CHARTS PATTERNS LIKE THE PROS 5 GOLDEN RULES 1: The Trade Setup The setup is the basic conditions that need to be present in order to even consider a trade. For example, if you're a charts patterns trader, then a pattern needs to be present. Your trading plan should define what a tradable chart pattern is (for your strategy). This will help you avoid trading when a chart pattern isn't there. Think of the "setup" as your reason for trading. 2: The Trade Trigger If your reason for trading is present, you still need a precise event that tells you now is the time to trade There are various methos using a trigger. A Price accion B Moving averages C Fibonacci 3: The Stop Loss Having the right conditions for entry and knowing your trade trigger isn't enough to produce a good trade. The risk on that trade must also be managed with a stop-loss order. There are multiple ways to place a stop loss. For long trades, a stop loss is often placed just slightly below a recent swing low and for a short trade just slightly above a recent swing high. Step 4: The Price Target You now know that conditions are favourable for a trade, as well as where the entry point and stop loss will go. Next, consider the profit potential. A profit target is based on something measurable and not just randomly chosen. Chart patterns, for example, provide targets based on the size of the pattern. Trend channels show where the price has had a tendency to reverse; if buying near the bottom of the channel, set a price target near the top of the channel. 5: The Reward-to-Risk Strive to take trades only where the profit potential is greater than 1.5 times the risk. For example, losing $100 if the price reaches your stop loss means you should be making $150 or more if the target price is reached. Other Considerations The five-step test acts as a filter so that you're only taking trades that align with your strategy, ensuring that these trades provide good profit potential relative to the risk. Add in other steps to suit your trading style. For example, day traders may wish to avoid taking positions right before major economic numbers or a company's earnings are released. In this case, to take a trade, check the economic calendar and make sure no such events are scheduled for while you're likely to be in the trade. The Bottom Line Make sure conditions are suitable for trading a particular strategy. Set a trigger that tells you now is the time to act. Set a stop loss and target, and then determine if the reward outweighs the risk. If it does, take the trade; if it doesn't, look for a better opportunity. Consider other factors that may affect your trading, and implement additional steps if require. This may seem like a tedious process, yet once you know your strategy and get used to the steps, it should take only a few seconds to run through the entire list. TRADE CHARTS PATTERNS LIKE THE PROS TRADING PLAN Setup + trigger = trade NO trigger – no trade 1 st Identify the pattern H1-H4 M30 ABC-AB=CD-GARTLEY-121 PATTERN’s 2 ND Fibonacci clusters zones (3 or more Fibonacci price relationships within a formation) If price tests and RESPECTS the setup zone, 3 RD Price action reversals patterns M30/M15/M5 OR LOWER TIME FRAME PRICE ACTION REVERSAL PATTERNS TRAP OR/AND HEAD AND SHOULDERS ETC 4RD Trade Entry: for A TRIGGER GO TO M5 TIME FRAME CHART Buy trigger 8 ema crosses above the 34 ema AND a prior swing high is taken out Sell Trigger 8 ema crosses below the 34 ema AND a prior swing low is taken out 5 th stops for BUY setup: Place a stop just below the low end of the price ACTION cluster setup for SELL setup: Place a stop above the high of the price action cluster setup 6 th TARGETS Option 1 take profit at the 61.8% 78.6% Option 2 Exit partials 61.8% 78.6% AND PROFIT 1.272, 1.618 and 2.618 IF THE TREND IS STRONG
OANDA:XAUUSD
by TradeChartPatternsLikeThePros
1
EURUSD Divergence: Potential bearish ABCD start | 1.8% TargetEURUSD Timeframe: 1Hr Short Day Trading Position Initial Take Profit : 1.068 (Uptrend channel correction = Pivot Point) TP2: 1.062 (If break the pivot) TP3: 1.056 or 1.053 SL: 1.077 (strong downtrend break upward) The pair was in a bullish tunnel last week. At the end of the week, it touched the 4H downtrend and seems to test the upper side of the tunnel within the 1 hour timeframe, then bounce back to the tunnel's bottom, then an opportunity to break it and activate the ABCD pattern in the long run. Traders should be cautious and monitor key levels of support and resistance, as well as any further bearish signals that may confirm this potential move. I would be grateful to get your feedback for this idea if you have any opinion to share. ✽↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾
Short
by AbdullahTech
2
AUDJPY Potential Bearish ABCD Pattern | 1.9% TargetShort Day Trading Position Take Profit 86.300 (Completion of the pattern) SL: 89.1 (If breaking the pattern up) The AUDYPY pair has been showing signs of bearish divergence on the 4 hour chart, and a potential creation of ABCD Pattern while the Bearish big trend continues. The pair has started the downtrend since September 13th last year on the Daily chart and it will probably continue until reaching the support level on 86.00. Based on these technical analysis, it is possible that the AUDYPY may experience a bearish movement. Traders should be cautious and monitor key levels of support and resistance , as well as any further bearish signals that may confirm this potential move. I would be grateful to get your feedback for this idea if you have any opinion to share ✽↝✔ Esteem your Analysis and seek improvements ⌁ @AbdullahTech ♾
Short
by AbdullahTech
1