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
Bullish AB=CD
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 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
EURUSD Update: Shorting Opportunity IdentifiedTrade Setup:
- Entry: Sell at 1.0797 (Retest Level)
- Target: Extended towards potential Bullish Harmonic Patterns setup
- Risk Management: Implementing trade management system for upsized trades
Analysis:
While many analysts are focused on the potential Bullish Butterfly Pattern and ABCD Pattern on the 4-hourly chart, my attention is on a shorting opportunity using a trade management system. I'm looking to short EURUSD upon another retest at 1.0797, aiming to extend my targets towards potential Bullish Harmonic Patterns setup.
Trade Management:
- Upsized Trades: Stretching Final Target to next pattern completion.
- Entry: Selling at the retest level of 1.0797.
- Targets: Extending targets beyond traditional levels towards potential Harmonic Patterns setup.
Risk Management:
- Always prioritize risk management to protect capital.
- Adjust position sizes to align with risk tolerance and trading strategy.
Your Thoughts?
Do you also see a shorting opportunity on EURUSD? Share your insights and trading strategies in the comments below!
👍 Like if you found this update helpful! Remember to conduct your own analysis before making any trading decisions. Trading involves risk.
Technical Analysis & Trading StrategiesIn the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods.
In this scenario, we marry technical analysis with the art of trading.
Observations:
A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84.
For Fib-3 Bat enthusiasts, a buying opportunity may materialize on the 1-hourly chart.
Now, the pivotal question: What would be your approach to NZDJPY? Your insights matter. Please share your perspective below!
Counter-Trend Trading OpportunityEURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602.
It is important to wait for confirmation from a magic candle confirmation before executing this strategy.
The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot.
Our first target should be set at 1.0668(+66pips) or +660 USD/lot.
Before making any trades, it's critical to do your own analysis and follow your trade plan.
As always, it's essential to approach investment opportunities with care and caution. But if you're ready to take a calculated risk, this could be an exciting opportunity for you. Happy trading!
Long-Haul Profits vs In-and-Out Action!Are you the kind of trader who savors holding on for massive profits or one who dives into every market movement? 🚀
Let's explore this week's expert-level market analysis, where we have both these trading setups on display. Today, let's delve into the low-risk, high-return approach.
Turning our focus to the Australia-Canada pair, the weekly chart presents a compelling opportunity. Market proximity to the prior support zone ignites the interest of counter-trend traders like me, on the hunt for a buying chance. On the daily chart, the bearish trend nudges us toward a low-risk, high-potential return strategy.
Zooming in to the four-hour chart, the bearish trend remains. However, the one-hour chart buckles the trend with a bullish flair.
Remember, higher timeframes may suggest bearishness, but it's crucial for the one-hour chart to echo this sentiment for a more accurate read. 🔍📊
Returning to the weekly chart, let's uncover the trade opportunity I'm eyeing. Behold the bullish shark pattern in the midst of consolidation – a tempting mid to long-term prospect.
This trade usually lingers for a minimum of two months, so if you're not up for the long-haul, perhaps it's not your match.
Options to engage abound. On the daily chart, a beckoning ABCD pattern, ripe for the picking with a retest at 86.60. Shifting to the four-hour chart, a straightforward support at 87.07 shines. Meanwhile, the one-hour chart offers up a bullish shark at 86.34 or an immediate support at 86.95 for consideration.
Yet my focus remains on the 15-minute chart, where a bullish shark nears completion at 87.01. What makes this the "only shark pattern" for this setup?
Understanding your tools is crucial.
Embracing the 15-minute chart strategy minimizes risk while amplifying the potential for this entire setup. Next week is critical – especially on Monday.
And if you've heard the advice to "skip Monday trading," consider this your golden exception! Seize the moment! 💰💡
Pound-Dollar: Bearish SentimentsHey traders! 🌟 Despite the ongoing bullish trend in the pound-dollar realm, I'm sensing a change in the wind, and here's why I'm turning my attention towards a bearish shorting opportunity. Let's break it down.
On the weekly chart, the bullish vibes are strong within our buy zone. But wait, when we shift to the daily chart, we spot a sneaky closing below that initial support at 1.2592. 📉
While it's not a full-on bearish alarm, it's giving us room to explore an aggressive short approach.
Zooming into the four-hour and one-hour charts, it's clear that a bearish trend is asserting itself. 🐻
Now, back to our trusty weekly chart analysis. As I mentioned, we're still in that buy zone, but I've got my eye on that slight break and close below the support.
The trend line isn't looking too happy. 😟
For a potential shorting play, I'm keeping an eagle eye on a pullback to that level.
Speaking of daily charts, a bearish shark pattern might just become my ally for a shorting endeavor. 🦈 And for those of you eyeing buying opportunities, 1.2407 could be your spotlight, where the market's response could tell us tales.
Hopping over to the four-hour chart, an immediate resistance level at 1.2656 might just be our cue for an aggressive shorting move.
And in the land of the one-hour chart, if buying's your jam, there are two paths – the retest of support at 1.2553 or a dance with the ABCD pattern at 1.2542.
Isn't it fascinating how one market can offer different opportunities, based on your angle of approach? Whether you're up for trend trading or counter-trend adventures, the choice is yours.
Immediate Trading OpportunitiesAustralian Dollar
Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling opportunities.
🔍 Weekly Chart Insights 🔍
A Gartley pattern is brewing at 61.67 on the weekly chart—a potential buying level. Transitioning to the daily chart, a retest of the Gartley pattern hints at earning extra income. The RSI divergence adds confidence. Conservative traders should wait for candlestick confirmation before proceeding.
📊 Four Hour Chart Dynamics 📊
An ABCD pattern on the four-hour chart presents a trading opportunity. Prudence calls for awaiting additional confirmation.
🕒 Timing the Trades 🕒
My focus leans towards the four-hour chart. I aim to engage around 9:00 AM Singapore time when candlestick formations provide supplementary confirmation.
STOP! Read before you consider to engageHALT! Don't follow this trading idea blindly.
You should know that I've a strong bias to long the GBPUSD on the higher timeframe, the daily and weekly chart.
I'd engaged in a strategy that I've personally tested for the past 12 years.
The ABCD pattern showing up on the 8 range bar provide such an opportunity for me to engage the trade.
What is really needed is for the first target to be hit and that would give me the right to shift stops to entry and enjoy the ride.
The first 34pips(340usd/lot) of profits is what I need to let that happen and I'll keep my second target open.
If you do not plan your trade in advance, don't jump in.
If you had not traded ABCD pattern in your life, don't jump in.
If you do not have the unwavering bias to long GBPUSD, don't jump in.
I want an Upsize pleaseAn Upsize Trade is the name of 1 of my trade management.
On the 4-hourly chart(left) is a complete ABCD pattern. I'm waiting for a retest at 158.98 for a buying opportunity.
When the retest happens, I'll be stretching my final target to the Bearish Bat and Bearish ABCD Pattern which completes at 168.11.
This is a high-risk approach and it could harm your account if you do not know how to execute it the right way.
Safe Haven CurrencyIf you are in trading for a good 10 years, you would understand the effect of the Safe Haven Currency. I'm waiting for the market to retest at 130.05 for the RSI Divergence on this counter-trend trading setup.
Many traders would see the USDJPY as going on a Bearish movement, but it is merely a retracement.
Furthermore, the Bull run on the USDJPY has not ended, so I'm looking for the opportunity to keep buying the USDJPY trade.
A trend trading setup that might go BIGEURUSD is on a Bullish Trend in the higher timeframe, so this week, I'm waiting for a Buying Opportunity within the pair.
The AB=CD harmonic patterns also align with the 4-hourly chart's support level.
With that confidence in place, trading confirmation like the 3-bar reversal is necessary.
SUNTECK REALTYHello and welcome to this analysis
In the monthly time frame it formed a Bearish Harmonic ABCD in JAN 2022 near 590 and since then has retraced 62% of its last leg.
In the weekly time frame it has formed a Bullish Harmonic Gartley around 315 suggesting the correction is most likely over.
It can be a good stock to accumulate between 330-370 for upside levels of 420-500-650. The view would be considered invalid below 285.
Good risk reward set up for medium to long term at the current level.
Happy Investing
Natrual Gas at PCZ of Bullish ABCD with Bullish DivergenceNATGAS has Bullish Divergence at the PCZ of a Bullish ABCD on the 2 Day and it also has a smaller intraweek Bullish Shark Setup on the Hourly with a Bullish Divergence.
I will target $4.50 on the Hourly and $8.00 on the Daily.
TOTAL Crypto Market Cap Bullish ABCD and CypherThe TOTAL Market Cap looks to be ready to target back up to $2.16 Trillion Dollars from here in the coming Weeks-Months based off the presence of a Bullish Cypher and Bullish ABCD Confluence Zone Visible on the Weekly Timeframe.
The ideas in the Related Ideas Tab below are also relevant to this analysis of TOTAL.
Bandhan BankHello and welcome to this analysis
Upon completing a Bearish 5-0 Harmonic pattern it has formed a Bullish Harmonic AB=CD (62/162) at 225 and at the same time activated another Bullish Harmonic AB=CD (38/224) 225-215 PRZ.
Bullish reversal is being seen today. As long as its above 215 it can do 250/275. Accumulate in the zone of 225-235
Good risk reward set up at current level
Happy Investing
MICROSOFTHello and welcome to this analysis
Microsoft like TESLA (link below) is also a breakdown stock in the monthly time frame. However, in the short term its better placed.
In the weekly time frame its activated a bullish harmonic abcd that is suggesting a bounce back to $ 260-270 from there the next round of selling would like resume for $ 200-$175.
This one too is a short term buy, rather sell on rise