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Harmoincs

Hits trend line - Will it rally towards 0.7? $NZDUSD is bouncing of its daily uptrend line today. If it'll close back up above the Fast SMA line, $NZDUSD may continue its rally to re-test the top of the trading range - 0.685-0.69 and even make it to 0.7 to complete a bearish AB=CD pattern and a Butterfly. Stop loss should be at least below the daily 200 days MA Tomer, The MarketZone.net Follow me on TradingView Follow my blog - goo.gl Subscribe to my mailing lists - goo.gl
Long
by themarketzone
Potential Bat Pattern AUD/USD H1Hey Traders, Although the markets have been Directional Lately, AUD/USD is giving us an opportunity to get in short at this Advanced Bat Pattern. Stops Above X and Targets at the 38.2 and 61.8. If we continue to the Downside, It could set up an opportunity for us to get in long with a good R/R if market continues to go higher, we will wait for a pull back and see what opportunities present themselves there. Like always if you have any questions, comment below, follow us on social media ! Daniel Garnier - Founder of The Alcove Fx www.thealcovefx.com Follow us on Instagram: @thealcovefx Follow us on Periscope: @thealcovefx Follow us on Youtube: www.youtube.com
Short
by TheAlcoveFx
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF
GU Long, Monthly Resistance bounce/Bullish Butterfly, Good RRHello Trading View, Here on GBPUSD we see bearish momentum, which stalled and bounced off an important key level off the Monthly TF. The rejection of the key monthly support tell me that a trend change is in order. We have the completion of the Bullish Bat 5-Point pattern, the terminal price bar has tested the majority of the PRZ and sharply pulled away, which is one confluence factor. We also have the completion of the ABCD pattern within the C-D leg, a retracement of 50% of the impulse leg, which gives us bottomside projection of 2.0, which lands right in the middle of the PRZ. I have 2 projected I.P.O. of the 0.382 / 0.618 retracement of the CD leg. I.P.O. 2 is important because it could reach the bottom side of our overall trendline providing a possible swing trade. I.P.O. = Initial Profit Objective Trade safe, trade smart. -K
Long
by KumaTF
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade. After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat. Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns. Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion. Stop is set below the B point, as a close below would invalidate the pattern. Trade safe, trade smart. -K
Long
by KumaTF
EURJPY 60min Bearish TCTLooking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies. Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area. Stops - 1 ATR Above the last Swing High Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Extension
Short
by PateSkpate
3
USDJPY Bearish Trend Continuation Trade & GartleyUSDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10. Entry - I will use the Gartley Pattern to enter this trade aggressively. Stops - 1 ATR above last Swing High Target #1 - Retest of Previous Structure Lows Target #2 - 1.27% Fib Extension of the last down leg
Short
by PateSkpate
1