Fibonnacicluster
AUDUSD - sell untill support zone 0.75 Main trend is down and a false breakout occurred inside price action resistance zone + top of channel + fibonacci confluence + reversal pattern .
Therfore it looks reasonable to me that price is heading to 0.75 zone.
The zones are marked on the chart.
Best of luck :-)
AUDUSD possible lowrisk buy opportunityAudusd is stalling after retraced to FIB zone and PA support of longer term up move, Might be a big h&s is forming.
Also from lower perspective we can see fib and pa suupport.
Best of Luck :-)
targets for USDJPY (if you go or stay short)USD JPY = On 4 hour chart we will see a important support on 111.900. If we look at the past of the price, this level made many confluence points. Also we have a cluster matching the 0.382 fibo retracement and 161.8 fibo extension on down movement as we see on the chart. I think this level is very important to pay attention.
2.5 RR BAT PATTERN 4HR USDCADPerfect Bat pattern has formed on the 4HR time frame for USDCAD, analysis lines up perfectly with my adjusted EURCAD short which is currently up 40+ pips
Tight PRZ for this trade, expect volatile moves with the news today.
EURJPY: AB=CD HARMONIC MOVE + BULLISH CRAB PATTERN ON 4 HR !!!Hello Traders,
After being involved in a nice shorting opportunity on FX:EURJPY , there are key signs of bullish reversal emerging on the 4 hour chart. The first sign is the harmonic AB=CD move completing right at the potential reversal zone (PRZ) , with several Fibonacci extension and retracement levels (Fibonacci Cluster Zone). Next sign of bullish reversal is the completion of bullish crab pattern at 161.8% Fib extension level, which is located within the PRZ. I usually place my stops several pips below the PRZ but since this zone is right at previous structure support (looking left) , we should consider putting our stops below that support level. The first target at 38.2% level is located right at structure level, so we should definitely consider taking some profit off at that level.
It’s totally up to you guys on how you want to enter into this trade setup, either via AB=CD pattern or the bullish crab pattern. The stop loss and the targets will remain the same for both patterns, regardless of which one you choose to trade. I would personally be more interested in trading the bullish crab pattern since it has the lowest risk involved. We are also noticing bullish divergence on the MACD , which adds into our list of reasons for going long on this pair.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
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