USDJPY-Weekly Market Analysis-Apr20,Wk4A ranging market on USDJPY, there is 3 level of support or should I say a buying opportunity.
The first one would be 106.99 as an immediate support level, breaking off that and closing below the support line I will be looking for a buying opportunity on ABCD pattern completion or even a bullish bat pattern if the candle break and close below the support level of 106.99.
Bullish AB=CD
Trade Ideas Positions: CADJPY ABCDA bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned.
One of the two to happen for me to engage the trade.
1. touch the blue line but not closing below it;
2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and retrace back down to the candle body to engage the trade.
The decision of this trade will be shared with my subscribers
Bullish ABCD - EURUSD (Daily Chart)ABCD pattern spotted in EURUSD (Daily chart)
TP1: 1.0974 (270pips)
TP2: 1.1141 (437pips)
SL: 1.05189 (-185pips)
Expected D completion : 1.0704
Extra Confirmation if RSI dips below 20 and progress upwards
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EURUSD-Weekly Market Analysis-Feb20,Wk3EURUSD has moved into the immediate support on the weekly chart and has both a Bearish Crab and ABCD pattern as a counter-trend trading opportunity.
Although 1.0825 is the demand zone of the weekly chart(8 May 2017), I would still need candle confirmation before I can engage this trade.
NZD/CAD - Bullish AB=CDWhat's going on traders, I hope you're all doing well. I've been quiet on socials for a while but I'll be putting out more analysis regularly for those interested in what I'm currently trading.
Trading Pair: NZD/CAD
Time Frame: 4 Hour Chart
Formation: Bullish AB=CD
The AB=CD completion is slightly beyond the 2.0 projection at 0.8500, this is where I will re-evaluate the setup and execute the trade based on price action in this area.
I'd love to have caught the breakdown from 0.86150, that was just something special! Perfect AB=CD BAMM trade for those who are clued up in harmonic trading.
That's it from me, if you have any questions or want to share your analysis feel free to leave a comment below.
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.
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EUR/USD - Bullish AB=CDQuick post ahead of market open, I'm looking at EUR/USD on the 4h chart with a potential bullish AB=CD setup completing at 1.10440.
Structure looks great, once price tests the PRZ we will be able to gauge further price action. As always I will keep you posted on the patterns progress and if the trade is executed!
Enjoy the rest of your Sunday :)
VeChain on the moveVeChain has created bullish AB=CD harmonics pattern. The pattern is used for both intraday and for longer timeframes. The point D signals a buy in the bullish pattern, which is identified anywhere between 127.2% and 161.8%. Since we had a reaction in the zone, the price is now on the move to the upside. The first level to look up is the confluence zone of horizontal resistance, 100 DMA and 23.6% Fibonacci resistance. Above it is also the falling trend line connect recent swing highs which will provide additional resistance if the first one is successfully taken care of. The stop should be below the recent swing low.