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Harmoinics

EURUSD Outlook for week commencing 12/02/17 (Cautiously Short)uk.tradingview.com On a 4 hour basis, a 4 hour sustained close below 1.05959/1.05810 cluster area (purple arrow) should open up route to 1.04515 key support level (green arrow). However we are attentive to bullish divergence seen between 4 hour MACD and price (black lines). On the upside, a 1 hour sustained price close above key resistance 1.07111 (blue arrow) will open up route to near 1.08092/1.08512 cluster resistance zone (brown arrow). A daily close above the 1.08092/1.08512 cluster resistance zone will open up 1.10473/1.11104 cluster resistance zone as target (orange arrow). Happy trading and may the pips be with you!!!
by magbrr
audnzd lang with bat patternhey, traders. We had a series of down impulses (red lines) separated only by corrections. This is a definition of a trend. As we know price tends to move in one direction until it shows the sign of reversal. The sign of reversal is a break of LL's and LH's structure. In this case priceaction instead of making a LH made a NSH, thus signalling us about the trend reversal. Note that I don't consider a consolidation boarder breakout to be a sign of reversal. Only violation of the most recent impulse's initial point (=LH) is the sign. As usual with advanced patterns, stops need to be beyond X. 1.13XA is the level i like most. The idea of this trade setap is to catch the second impulse of a new uptrend. Here 0,886XAshould serve as this second impulse's initial point and I look for 1.272XA inversion to be it's final point. Here I place my targets. Those of you who follow me long enough in this setups know that I close half as soon as price action retests the A-point's highest close. I breakeven the second part and enjoy the risk free trade to uncover itself. Support me with your 'likes'. If you are new and want me continue explaining my trading style then press 'follow' to get my charts. Don't forget to check my other ideas where I post this setup to get confidense in the setup's profitability. Until then, good luck. Let's see how it works.
Long
by Alexander_Nikitin
1
Bearish Gartley + Bullish Bat : Pending ConfirmationAs we start to look back into the historical movements of the chart, we see that our Bullish Gartley was indeed confirmed, but now we move on to more possibilities within the Euro Dollar. The first leg of our bearish gartley is seen after we hit our final 61.8 target in the much larger and overpowering bullish gartley into the lower high of the uptrend. Let us then follow the price moves from A (1.08402), also the 61.8 retracement zone, down into the B (1.06494) completion of our pending Bullish Bat. We now have an XAB completion in both the Bullish Bat and the Bearish Gartley. We find resistance at the 61.8 (1.07710) level of the possible bullish bat which may in fact restrain us from moving into those higher highs of the Gartley at 1.09269. Consequently, if we continue to move upwards, the highest resistance level we will meet will be the 88.6 of the Bat at 1.08232 If the Gartley is completed at Target 2, we look for the ABCD harmonic after the 61.8 target is found at 1.07592, pulling back to the most recent resistance level at 1.08454, into the -61.8 completion at 1.06814 If the Bat is completed at Target 2, we look for the immediate rally off the demand zone into the 61.8 pullback into 1.06917 Watch out for news events, and stay accurate. God bless
by GhostFXC
1