USDCAD > Confirmed Bearish HS, Looking for Short EntryAnalysis of #USDCAD
Hi traders, today we will have a look at #USDCAD
The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now.
As you can see on my chart, i am looking to sell at the right shoulder level where i have fib 38 golden levels, also key market level 1.3500 sharp, all will make a good level to start looking for a sell entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Harmoincpattern
GBPUSD > A Breakout to The Upside Might Come Soon!!Analysis of #GBPUSD
The GBPUSD is in the beautiful classic consolidation pattern preparing for a breakout, usually, this pattern breaks to the upside.
Right now the market is near trendline resistance, around a key market level near 1.1400 sharp, also the previous structure high.
we can wait to see if the market will actually break and close above this trendline resistance and provide confirmation to get in a trend continuation entry.
Thanks for your continued support!
EURCAD > Very Good Bearish Harmonic Bat Pattern!!Analysis of #EURCAD
similar to my EURNZD analysis earlier, the EURCAD formed a very good bearish harmonic bat pattern, that might complete near a strong supply zone
if the EURCAD completes my bearish bat pattern I will then look to get in a sell trade with a good risk to reward if the rules for entry are met
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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Thanks for your continued support!
GBPAUD 4HR Crab Harmonic
GBPAUD has met the requirements for a 4HR Crab Harmonic Pattern. Price has extended and closed above the HOP but the bulls have seemed to lose all power. Going for a 3:1 RR down towards 1.89250
My style of trading focuses on flowing with the Harmonic Market Structure price reveals. Price Action , Fibonacci , Wave Sequence s, Moving Averages , and a mixture of Multi Time Frame Confluence . Most importantly the visual realization of emotions cycled into the chart.
As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below.
Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together , the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED!
~T$
waiting for D leg to form in reversal for a bull buy off of fibSo we seen a test at the Fibonacci Level of 50% were waiting to see if it will reciprocate into 200.0 which is there reciprocal to each other, This will follow into the entrancement of a buy so you can TECHNICALLY SELL INTO the buy but i like it playing off a key support zone in the reciprocal of 200.0 which is where i marked in turquoise color we will wait and see a reversal pattern in the 200.0
USD/TRY - Bullish Shark + Bearish 5-0 COMPLIMENTARYHello, Traders!
Today we are looking at TWO COMPLIMENTARY PATTERNS!
We have a bearish shark and a bullish 5-0 pattern on 4h chart with the USD/TRY.
I literally just found these two patterns and that compliment the price direction of the market on my previous analysis referenced below. vvv
Again, these patterns are not only running complimentary to each other, but also in the projected fundamental direction of the USD this week.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid SHARK are detailed below.
C: 1.13 - 1.618
D: 1.618 - 2.24
Final X to D: 0.886 - 1.13
Bullish Harmonic - GBPAUD (60 Mins)Hello Traders,
We have a potential bullish bat pattern setting up on GBPAUD hourly chart. If pattern completes, we expect price to resist in PRZ and set us up for long opportunity. Here, PRZ is made of 1.27AB=CD, 2BC and 0.886XA Fibonacci ratio confluence. This potential trade setup has a risk/reward ratio of 1:1.4 for target1 and 1:2.2 for target2.
Happy Trading!!!