EURUSD - Breaking Down Buying Opportunities for the Week AheadHere's a look at the FX:EURUSD & the potential buying opportunities that I have on my radar for the week ahead.
More specifically what I'm looking at is a potential Bat Pattern with multiple points of confluence that can be used as a strictly in & out type of countertrend trade or an entry into a longer-term continuation setup depending on your big picture view.
As always if you have any questions, comments or just want to share you views on the EURUSD please leave them below & please remember to hit that ROCKET SHIP button before you leave to show me some love.
Akil
AB=CD
NZDCAD ADVANCE HARMONICS PATTERN AB=CDNZDCAD has formed an advance harmonic pattern AB=CD bullish on its hourly chart.
The price is trading above the long entry level EL: 0.81182.
Stop:0.80646,.
TARGETS:
38% AD: 0.82756
62% AD: 0.84069
79% AD: 0.84988
Sideway Consolidation, Perfect for Counter-Trend Traders!📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈
👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the one-hour chart shows a new low, great for shorting.
📈 Weekly potential shark pattern at 0.8704, and daily shark pattern at 0.8728, hint at a close-range longer-term buying opportunity. Don't miss the ABCD pattern on the left—amazing trading opportunities await!
🦋 Butterfly traders watch for completion at 0.8730 on the four-hour chart. Focus on repeated levels for the best returns.
💡Want to spot opportunities like a pro in just 15 mins a day? Scan the QR code and join our community of like-minded traders!
🔍 Different trading strategies point to the same level, making it a key focus for buying opportunities. But don't disregard shorting opportunities—be cautious around 0.8730.
📈 Follow me on my only account @raynlim for insightful analysis and updates. Let's trade smarter together! 💹📈
Linking Time with Price LevelThe relationship between time and price level can be observed through the analysis of price charts and technical indicators. Technical analysis involves the use of charts and indicators to identify patterns and trends in price movements. One important aspect of technical analysis is the identification of support and resistance levels, which can help traders make decisions about when to buy or sell a particular asset.
Technical indicators can also be used to analyze the relationship between price and time. For example, moving averages can be used to identify trends in price movements over a specific period of time. The slope of the moving average can indicate the strength of the trend, while the distance between the price and the moving average can indicate the level of deviation from the trend.
In addition to technical indicators, traders also use fundamental analysis to assess the relationship between time and price level. Fundamental analysis involves the study of economic and financial data to identify factors that can influence the price of an asset. For example, changes in interest rates, inflation, and political events can all have an impact on the price of an asset over time.
To summarize, the relationship between time and price level is complex and multifaceted. Traders use a variety of tools and techniques to analyze this relationship, including technical indicators, charts, and fundamental analysis. By understanding the relationship between time and price level, traders can make more informed decisions about when to buy or sell a particular asset.
Regarding the development of price ratios, the expected price level and the expected price movement for the wave can be determined by analyzing technical indicators such as Relative Strength Index (RSI) and Price Oscillator. The RSI can be used to identify the overbought and oversold conditions of an asset, while the Price Oscillator can indicate the strength of the trend. By analyzing these indicators, traders can develop price ratios and make informed decisions about when to enter or exit a trade.
Finally, it's important to note that the relationship between price and time is not always straightforward. While technical analysis and fundamental analysis can provide valuable insights, they are not foolproof. Traders need to be aware of the limitations of these tools and use them in conjunction with other forms of analysis and risk management strategies.
META: Potential Early Bearish C Entry on ABCD PatternMETA is showing heavy amounts of MACD Hidden Bearish Divergence and is Extremely Overbought on the PPO after making a 0.786 Fibonacci Retrace of the 2021 Highs and now it is potentially looking to end the BC Wave and begin a CD Wave, which would take it all the way down to the 1.272 Fibonacci Extension located at the $23.56 level.
ETH - Still chasing 2200 area.. COINBASE:ETHUSD Is tracking nicely and after last weeks spike high into the 78% level.
In this video I go into detail about possible options on the short term and longer TFs, areas to watch and other possible scenarios.
I hope you enjoy and post feedback and thoughts.
Abcd Formation of an abcd pattern seems possible.. of so an increase to point d is likely followed by a drop to , a minimum, point c and perhaps to point A... let me knownwhat you think! Comments and/or suggestions highly appreciated :)
NASDAQ - Levels to Watch!!SKILLING:NASDAQ is starting to look nice with some levels to watch in the coming weeks. Tech has had a big run off lows this year after getting beaten down last year.
Bullish Scenario sees an ABCD down to the 12k area then the next leg up.
There are still unfinished patterns down below 10k to complete but it can go higher first.
On a shorter TF look for an ABCD PB to get short.
I hope this helps. Enjoy the Day!!
NZDCHF - Bullish on 1hr NZDCHF has been forming an Inverse Head & Shoulders Pattern and it has also formed AB = CD Harmonic Pattern and formed a bullish divergence which makes it a perfect Confluence Trade. If the Price Breakouts from the Level shown then Bullish momentum is On!
GOLDThe price has hit the bottom of its descending channel, which is in the form of a descending wedge
If this week the price can break through the channel with an upward trend, the next price targets will be 1980 to 2030 dollars easily.
XAUUSD - BullishHi Traders, I am looking for buying opportunities on the above chart, ABCD Harmonic Reversal pattern seems to be printing on 1H time frame. I anticipate buy entry on the breakout of point B and look for a sell entry at point D that is potential reversal zone.
trade safe!
BNBUSDT update 4h - BEARFLAGBNBUSDT bearish scenario on 4h chart. Price action expected as a bear flag pattern breakdown, plus reciprocal AB=CD harmonic pattern plus Chaikin Money Flow bearish divergences in confluence w/ greater demand zone.
BTCUSDT Futures Support And Resistance LevelsSupport and resistance levels have been identified.
If the price can break the black line correctly, it can go up to 30940.
All Targets are main Targets.
The criterion of all my analysis is the correct breaking of levels.
BNBUSDT Potential Bear ActionPotential bearish scenario to this asset. Price action is suggesting a further drawdown to the 239USDT demand region as the actual pullback seems to be accomplished. The reciprocal AB=CD pattern projection is reinforcing this idea, as a Head and Shoulders pattern is likely in formation. Thus, on this hypothetical 30m scenario, the price can made a ranging interacting w/ the neckline. Chaikin Money Flow hidden divergence & below zero + Awesome oscillator twin peaks in formation + Fisher Transform bear crossing.
GBPAUD GBPAUD is trading in bearish parallel channel. And also completed ABCD pattern which signs for a bullish attempt. As the RSI being over sold seems like a potential buy setup.
what you guys think of it ?
Gartley Alert!1.272 Confluence with the D Point completion. AB=CD Harmonic to D point as extra confluence. I had 4 scalp postions from Swing C. Waiting on retest of C and Breakout to upside. Be Patient and watch for news!!!
EBAY abcd SHORT in dailyAs you can see an ABCD patter has formed right now. It is symmetrical in time and price
I am selling short at the market price (48.55$) and putting a stop 1$ above.
LONDON: GU - ABCD/EXT Limit Buy w/ATR SLABCD/EXT playbook setup detected for a contrarian buy against the oversold pound. Let’s see if the market can snap back enough to collect 2-4R
CAG Bullish ABCD & Double Bottom Long We can see that an ABCD is about to complete at 32.5$. I am inputting an order to buy there with a 60 cent stop loss, at 31.9$
EURUSD Three Drives to a Top and ABCD in Daily SELLI had input an order at 1.121 to sell with a stop 60 points higher (1.127) because:
- We can see that a Three Drives pattern is about to complete at 1.1210 at the 1.272 extension (in blue).
- There is a clear ABCD from the last swing low (in red).
- Adittionally, there is another major ABCD formation (in green).
All of them converge to the same price level
GBPUSD - Alternative Ways To Enter A Trade - BE CREATIVEThe other day I shared a video of a bearish CTS trading opportunity using Fibonacci, Structure & the AB=CD pattern. In that opportunity I was looking for a double top to use as an entry & as of now it doesn't look like that's going to happen.
However, if you have the understanding & more importantly the skill of how to read a price chart, it can allow you to become creative and unlock alternative ways to enter a trading opportunity & that's what I wanted to walk you through today.
If you have any questions of comments about the setup, please let me know in the comment section below.
Also don't forget to HIT THAT LIKE BUTTON to show your support.
Akil
