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AB=CD

GBPUSD - Extended into the 61.8% area. OANDA:GBPUSD Has extended higher into the 61.8% level @ 1.2720. Now with other USD pairs we look at the DXY to see if its going to hold these levels or break in which case we will see higher Indices, Gold & USD Pairs. Big couple of days ahead. If it breaks these levels then the 78% & 1.2900 would be the next target.. With other straight line moves its best to wait for a top to come in and break then Sell the first 382 PB. Will be keeping an eye on this one.
Short
by L_F
2
Ascending Triangle, NAS100The overall trend on the NAS100 is bullish. This validates the ascending triangle on the 4H timeframe. We also have a few other confluences: There is a Fair Value Gap between 15 531 - 15 743. What Is a Fair Value Gap? A fair value gap is especially popular among price action traders and occurs when there are inefficiencies or imbalances in the market, or when the buying and selling are not equal. Fair value gaps can become a magnet for the price before continuing in the same direction The Drawdown we experienced in October was just a correction of price. We can expect price to create an ATH and even go above 16 700 before year end NB! This is not financial advice. Take action based on this inforation at your own descretion.
CAPITALCOM:US100Long
by tshiiamom_sa
AUDCHF LongThe AB=CD pattern is a harmonic pattern used in technical analysis, and it involves three legs or price swings. In the case of a bullish (long) AB=CD pattern, the market forms two equal legs (AB and CD), creating a potential buying opportunity. If you've identified an AB=CD pattern on the AUD/CHF (Australian Dollar/Swiss Franc) currency pair and it's signaling a potential long trade, make sure to consider other supporting factors. Look for additional technical indicators, support and resistance levels, and market conditions to confirm your analysis. Remember, trading always involves risks, so it's essential to use proper risk management strategies and only trade based on a well-thought-out plan. If you have any specific details or questions about the pattern or the market conditions, feel free to share, and we can discuss it further.
Long
by fahadidrees92
1
USDCAD LongAh, the AB=CD pattern, a classic in harmonic trading! In the context of forex trading, the AB=CD pattern is a geometric price pattern that helps traders identify potential reversal points in the market. It's formed by four points, with equal time and price symmetry between the legs. If you're looking at the USDCAD pair and you've identified an AB=CD pattern, you might be anticipating a reversal or a change in the direction of the trend. Keep in mind that while these patterns can be useful, they're not foolproof, and it's always a good idea to use them in conjunction with other technical analysis tools and indicators for confirmation. How's your analysis looking?
Long
by fahadidrees92
2
Diverse Trading Scenarios ExplainedGBPUSD is on a Weaker Bull Trading setup, if you are looking for buying opportunity there are 2 trading opportunities for you. The Bullish Shark Pattern may form on the daily chart at 1.2343, alternative you could wait for a retest of support at 1.2559 on the 1-hourly chart. If you are looking for counter-trend trading opportunity, the 1-hourly chart do have a bearish abcd pattern that is completing at 1.2651. What is your trading strategy, comment down below.
Long
by RaynLim
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 93$! 🟡Summery: -EGLD has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 93$ 🤑Stay awesome my friend. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
by CobraVanguard
1
Potential Bearish Moves Amidst Bullish SignalsNZDJPY presents an intriguing trading setup despite being a counter-trend trade. The observation of a Bearish Shark Pattern checkback on the Weekly Chart , along with RSI Divergence , adds weight to this potential trade opportunity. I'm waiting for a shorting opportunity on lower timeframes and, specifically, looking for a 1-1 trading setup , intending to initiate a short position at 91.99 on the Daily Chart. Trade plans can vary among traders based on their analysis and risk management approach. What's your trade plan or strategy for NZDJPY? Feel free to share your insights or plans below!
Short
by RaynLim
Navigating A Weaker Bull Trend For Strategic TradingIt appears EURUSD is currently within a Weaker Bull Trading setup. For trend traders, waiting for a counter-trend opportunity might be a potential strategy. Counter-Trend Traders, here are two considerations for your approach: As the market resides in the supply zone on the Daily Chart, waiting for a double top formation coupled with RSI Divergence could offer an entry point for your trade. Alternatively, keep an eye out for an ABCD Pattern as it unfolds, presenting another counter-trend trading setup. These strategies aim to navigate against the prevailing trend, so it's essential to apply rigorous risk management practices. Happy trading!
Short
by RaynLim
XAUUSD Short ⤵️Gold Market Analysis Symbol: XAU/USD (Gold to US Dollar) Technical Analysis: on ABCD wave in C position Forecast: Considering the technical and fundamental analysis above, gold is likely to move towards SHORT. Caution is advised, and entry and exit points may vary based on market conditions. Trading Guide: Timely Entry: If the downtrend is confirmed, entering Short positions might be effective. Risk Management: Placing stops and limits is crucial for risk management. Note: Always stay vigilant to market changes and base your trading decisions on the latest information.
OANDA:XAUUSDShort
by Ariotrades
🚧Bitcoin is Bullish now🚧 & many Traders don't see it 👀!!!BTC had formed an inverse head and shoulders pattern. I said in the analysis a few months ago that the price followed this pattern and will soon reach 43,000 . The expected movement is measured as the price movement (AB=CD). Keep in mind that the next big resistance for BTC will be around 43k. previous Analysis _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
4