Bearish AB=CD
EURUSD-Weekly Market Analysis-Apr20,Wk4The candle break and close below the sideways consolidation(red line) and retrace back into the 1-hourly chart sell zone and within that, there is a bearish shark setup on this trend trading opportunity, AB=CDpattern is in to sweeten the deal.
I will be waiting for a candle confirmation to engage the trade.
Bearish ABCD - XAUUSD Daily ChartDo you dare to trade this pair?
If it kills, it does so lethally. If not you are greatly rewarded with this pair going in your direction.
Bearish ABCD spotted in this daily chart. Gold is rallying strong in its bullish trend, hence this is a wait to do a counter-trend trade. Not for the faint-hearted.
TP1: 1559.72 (16610pips)
TP2: 1452.97 (27285pips)
SL: 1806.97 (-8115pips)
Expected open trade at: 1725.82 (to trigger only when it retraces back down to the bearish route).
CAD/CHF - Bearish AB=CDPrice has fully tested the potential reversal zone of the bearish AB=CD and it looks good to short.
Trading Pair: CAD/CHF
Time Frame: 15 Minute Chart
Formation: Bearish AB=CD
I was holding off until I saw a test of the 2.0 projection at 0.73485, which happened just moments ago. The main reason being is because of the small S/R range at the AB=CD measurement, price kept testing that upper limit at 0.73400 and finally spiked to test the final measurement in the zone.
This final push up to test the 2.0 projection aligns with resistance on the 1h chart.
Finally, pay close attention to the support trendline in the chart above as we'll want to see price break and close below to confirm the move towards our first take-profit target at the 0.382 retracement.
*GBP/AUD* Bearish AB=CD Pips Away From The PRZ (4H Timeframe)We have a nice bearish AB=CD forming on the GBP/AUD pair, Intermediate Timeframe is 4H, Major is Daily and Minor is 1H.
I expect this pattern to complete today or tomorrow.
This AB=CD has an AB measurement of 0.393 which means the reciprocal ratio will be 2.618. This is the CD price leg.
Once price confirms 2.618 ratio I will be looking to enter the trade depending on how price looks in the PRZ.
Stop loss level is measured with the fib retracement tool from B to C using a set ratio of 3.14 or 3.618
Take profit level is measured with the fib retracement tool from A to D using a set ratios 0.382 and 0.618
If price reaches the 0.382 ratio I would move my stop loss into break even or just into a little profit to bulletproof the trade ensuring if the trade goes against me I will not take a loss and even a small profit.
If you have any questions feel free to drop it in the comments.
Happy trading and hope everyone has a great day!
Matteo :)
Ethereum - Think Fast.Don't Think Twice..BITFINEX:ETHUSD Weekly Analysis - B'coz Timing is Everything.
Potential Bearish Shark Pattern 0.886/1.13
Potential Bearish ABCD 1.27/1.618
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886/1.13
Expanded Flat Corrective Wave (ABC)
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an adjustment from the previous Monthly analysis.
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Bitcoin - Quirk Update IIBITFINEX:BTCUSD Noisy Daily Analysis - Short-Term Bias adjustment 6400ish
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886
Potential Bearish Crab Pattern 1.618
Potential Bullish Gartley Advanced Pattern 1.272
Potential Bearish ABCD Pattern 1.618 2x
Andrews Pitchfork Median Line
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an adjustment from the previous Noisy Daily analysis.
The Money Journey - Hope for the best and prepare for the worst.
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Bitcoin - Quirk Update IIIBITFINEX:BTCUSD Noisy Daily Analysis - Short-Term Bias adjustment 6600ish
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886 2x
Potential Bullish Deep Crab Pattern 1.618
Potential Bearish Crab Pattern 1.618
Potential Bearish ABCD Pattern 1.618
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
Hedging Strategies
This is an adjustment from the previous Noisy Daily analysis.
Modified Long Term Buy Targeted Bearish Crab Pattern 1.618 + Lock $5400
Setup Short Term Sell Targeted Bullish Shark Pattern AC 1.13-1.618 XD 0.886 2x + Stop POV 1.618
The Money Journey - Hope for the best and prepare for the worst.
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Bitcoin - Think Fast.Don't Think Twice..BITFINEX:BTCUSD Weekly Analysis - B'coz Timing is Everything.
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886
Potential Bearish Crab Pattern 1.618
Potential Bearish ABCD Pattern AC 0.618-0.768 BD 1.618
Potential Rising Wedge Pattern
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an adjustment from the previous Monthly analysis.
The Money Journey - Hope for the best and prepare for the worst.
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Gold - Iceberg IIFX:XAUUSD Weekly Analysis - B'coz Timing is Everything.
Potential Bearish Shark Pattern 1.13
Potential Bearish ABCD 1.618
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
Hedging Strategies
This is an adjustment from the previous Weekly analysis.
The Money Journey - Hope for the best and prepare for the worst.
Press the Like's button (Min +10) to get an update analysis on the spot and let's Reach Your Dreams by Following My Journey's.
Gold - The IcebergFX:XAUUSD Weekly Analysis - Recommended to Sell then Buy for Next Month
Potential Bullish Shark Pattern AC 1.13-1.618 XD 0.886
Potential Bearish ABCD 1.618
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
Hedging Strategies
This is an adjustment from the previous Weekly analysis.
The Money Journey - Hope for the best and prepare for the worst.
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USDJPY - Bad DreamcatcherFX:USDJPY Monthly Analysis - Buy now, sell it next Month
Bearish Crab 1.618
Bearish ABCD
Potential Bullish Shark AC 1.13-1.618 XD 0.886
Andrews Pitchfork - Median Line
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an update from my previous weekly chart analysis which has already wipeout my lockprofit :), So,let's just start again but now looking for a higher ground.. first step is a BUY!!
The Money Journey - Hope for the best and prepare for the worst
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GBPJPY - Booby trapFX:GBPJPY Weekly Analysis
Potential Bearish ABCD Formation 1.27/1.618
Potential Bearish BAT Formation 0.886
Potential Bullish Shark Formation 0.886 (unconvincing a-c?)
Potential Bullish Butterfly Advanced Formation 1.272
Potential Hiddem Bearish BAT Formation 0.886 (Weekly Timeframe)
Moving Averages
Fibonnaci Retracement Level