#EURNZD: +1600 PIPS Buying Opportunity Coming Up! Stay Tuned? OANDA:EURNZD
EURNZD has been seen making a ab=cd pattern which means that there is a big chance of having a price reversal in soon time. This reversal can be swing buy and may go beyond previously created monthly high. There are two areas that price may reverse from first one is the one that we are eying at and the second is the one which is where price has been reversing since months. However this area is likely to be broken if liquidity is going to be hunted. Therefore, we would like to advise all of you in advance to be extra cautious with EURNZD. Patience pays.
AB=CD
AUD/USD's Path to 0.70: Bullish Continuation in PlaySince the beginning of August, AUD/USD has started reversing its bearish trend. The rise appears to be forming an ABCD pattern, with the final target potentially around the 0.70 level. After reaching a recent high, this week's correction halted exactly at the confluence of support, defined by a horizontal line and a trendline.
Yesterday, the pair quickly rebounded near its previous top, which is clearly a bullish sign
Today, we’re seeing a minor pullback, which could present a good buying opportunity. I remain bullish as long as the support holds and am targeting the 0.70 zone.
XAUUSD: +400 PIPS Intraday Opportunity! Dear Traders
Gold has created a record higher high after touching 2670, price has made a minor correction after that, however, in our opinion it was a small correction due to liquidity emerged as the London Session opened. We think from current trending price we can see a clean move towards 2700$. Good luck.
BUY at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
Eye Keypoints for Potential Reversal (Technicals + Fundamentals)In the past several weeks, we've observed the following market movements:
1. First Uptrend: Over 23 weeks (161 days), the price increased from around 64 to 124 with a substantial volume of 438.94M.
2. First Downtrend: Following this, the price declined over 11 weeks (77 days) from 124 to 108, with a volume of 237.994M.
3. Second Uptrend: The price then rebounded over 18 weeks (126 days) from 107 to 168, supported by a volume of 319.661M.
Currently, we are in the 11th week of the latest downtrend, where the price has decreased from 168 to around 140, with a volume of 282.442M.
Key Insights:
The current downtrend mirrors the previous downtrend in duration (11 weeks) and volume.
The proximity of the current volume to past downtrends suggests we may be nearing a reversal point.
If historical patterns hold, we might anticipate a potential price rebound beginning within the next week or two.
Next Steps:
Monitor for an increase in volume (towards the 300M+ range) to confirm a reversal signal.
Target a potential price high of around 200 to complete this cycle if the upward trend resumes.
Furthermore , if we expect a dividend of 30 Rs next year and the expected interest rate is 15% , then the target price based on the dividend can also be calculated as follows:
Target Price = Expected Next Year Dividend / Expected Next Year Interest Rate
Target Price = 30 / 0.15 = 200 Rs
Conclusion:
While the current short-term trend is bearish (11 bars area), the increased volume hints at a possible reversal soon. With a projected dividend of 30 Rs next year and an expected interest rate of 15%, the target price based on dividends would be 200 Rs. This fundamental target supports the technical signals suggesting potential upward movement. Proper risk management and self-study should be incorporated.
#EURUSD: 600+ PIPS Buying Chance Emerging! Good LuckFX:EURUSD
Price in weekly timeframe shown us a clear price indication of what it could be heading towards. There are more than enough confirmations which helped us to analysis and predict the future price of EU. Although, there is a big chance that price may drop a bit further down due to FED involvement within the market tomorrow. However, we are confident enough that price will remain bullish for upcoming weeks. Good luck.
Short set up to sell side liquidity near C legIt's been awhile since I charted and traded oil. I'm noticing a similar bullish set up that the 20yr treasury yield had. If my wave count is correct, oil is showing a bearish 5th wave down. There is a set up for a desc. Triangle pattern which has a stealth ABC wave pattern. I have C wave near the sell liquidity around the 1st of October. Short term I'm bearish on oil particularly the 1hr/2hr time frame.. oil can invalidate this set up, by closing above the .50 fib level..
Not trading or financial advise. No position currently... will update chart once a trade is active or closed.
XAGUSD: AB=CD pattern is forming, what is next? Dear Traders,
Bullish pattern is forming, and we have witness change in price. Tomorrow Fed news will likely to take down the price and then reverse from the area that we have identified. We can target a swing area and target a reasonable position. Good luck.
NZDUSD-BULLISHNZDUSD is in bullish trend making HH HL and breaking resistances at 1H time frame, following continuation bullish flag pattern. Harmonic Pattern ABCD also confirms the upward trend while divergence is synced with chart.
Strategy 1
TREND Bullish
DIVERGENCE Yes(synced)
REVERSAL PATTERN No
CONTINUATION PATTERN Bullish Flag
HARMONICS AB=CD
Trade Plan
EP 0.62031
SL 0.61806
TP1 0.62250
TP2 0.62470
Risk 0.2%
ANTICIPATING TRADE Checked Dollar index(found bearish) versus major currencies and found JPY bullish, thus selected USDJPY for analysis, carried out analysis by applying following trading strategy:-
1. Bearish trend
2.Bullish divergence
3. No continuation pattern
4. No reversal pattern
5. Found bullish ab=cd harmonics pattern
6. Found trend reversal starting near point D THE PRZ, anticipates start of Bullish pattern and initiated two trades through buy stop
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of AUDUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bullish trend started and first HH formed
2. Bullish Divergence on end of Bearish trend
3. No continuation pattern
4. Bullish Double Bottom reversal pattern formed
5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making HHs & HLs
7. Initiated two trades on MT4 by marking buy stop on first HH and stop loss at HL
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of NZDUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bearish trend
2. Bullish Divergence
3. No continuation pattern
4. Inverse Head & Shoulder reversal pattern formed
5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making HHs & HLs
7. Initiated two trades on MT4 by marking buy stop ON break out of inverse H & S neckline and stop loss at HL
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of USDCAD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bullish trend
2. Bearish Divergence
3. No continuation pattern
4. Double Top reversal pattern formed
5. Bearish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making LHs & LLs
7. Initiated two trades on MT4 by marking sell stop on break out of LL and stop loss at HH as still no LH is formed
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of GBPUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bearish trend
2. Bullish Divergence
3. No continuation pattern
4. Double Bottom reversal pattern formed
5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making HHs & HLs
7. Initiated two trades on MT4 by marking buy stop on break out of LH and stop loss at LL as no HL is still formed
ANTICIPATING TRADES BY APPLYING TADING STRETEGYAnalysis of EURUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:-
1. Bearish trend
2. Bullish Divergence
3. No continuation pattern
4. Double Bottom reversal pattern formed
5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ
6. Anticipated that chart will go bullish by making HHs & HLs
7. Initiated two trades on MT4 by marking buy stop on first HH and stop loss at LL as no HL is still formed
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺
This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇
As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥
🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺
I hope you enjoy this idea KIUCOIN community ; Also always remember :
🐺 Discipline is rarely enjoyable, But almost always profitable 🐺
Don't forgot to follow us on X 👇🔥
#XAUUSD: 900+ big move in making| Do not miss out| Setupsfx_OANDA:XAUUSD
Gold has been accumulating since past few weeks and it has now reached an exhaustion point where we expect a breakthrough taking out buy side liquidity and creating a record higher high. Since last three days we have been waiting for an outbreak since it did not happen last week even with help nfp. Now looking at how price is behaving we are confident enough that price is going to breakthrough the accumulation phase. As always this is not a guarantee and should only be used for secondary bias, do your own analysis before taking any trade on any instruments. Good luck.
XAUUSD: Price is Moving as we had predicted in previous chart! Dear Traders,
We had predicted the last bullish move that occurred from 2430 to 2500 as we had explained why we think that price will move big from 2430 region. Now, as the price in final phase of AB=CD pattern, last CD pattern move will be crucial for us to reach our final target which will be 2550. Good luck.
#GBPJPY: Hoping Price to Range from 193.00 to 207.00! SwingTradeOANDA:GBPJPY
Our last idea is going good towards our target with 455+ pips in positive. We ideally expect price to continue the bullish move in this idea after recorrecting at 191.00. First take profit area will be at 198.00 which will be a worth of 700+ pips move. And then the final target will be at 207.00 which will be a total worth of 1600+ pips. Good luck.