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Harmonicforex

ARE THE BEARS GOING TO FULLY TAKE AUDUSD ?Pair: AUDUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Saw a big pullback today for this pair up to resistance. We are seeing strength in USD which tells us the pair is going to drop. We want to see a break of bottom pennant and dynamic support before we enter short again ————— Level needed: need a close by 0.68795 ————— Trade: Short RISK:REWARD 1:8 SL: 25 TP: 195 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
EURJPY > Beautiful Big Bearish Harmonic Bat Pattern!!Analysis of #EURJPY It is important to keep this chart on your radar, I have been watching the beautiful big bearish harmonic bat pattern evolve, and it might be complete soon. this Bat pattern might complete near a strong structure support level, also 142.00 key market level, to provide a good reason to sell the market if the rules of entry are met Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Short
by TheTradersAvenue
10
USDCAD > A Beautiful Trendline Support, Good for A Buy!Analysis of #USDCAD The USDCAD might be pulling bake to test its trendline support where it would be a good idea to look for a buy entry if we get a double bottom at trendline support on the lower time frame that meets my rules for entry. Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
Long
by TheTradersAvenue
5
GBPJPY PENNANT PATTERN BOUNCE Pair: GBPJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: UK is going to a recession as it is so we should have a bearish bias for any pairs wit GBP as base currency. Here we have touched the top resistance of pennant and dynamic resistance so should see a bounce sooner or later ————— Level needed: need a close by 161.848 ————— Trade: Short RISK:REWARD 1:6 SL: 40 TP: 240 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
1
AUDCAD HEAD AND SHOULDERS SELLING LEVEL Pair: AUDCAD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern, head and shoulder pattern ————— Key Takeaway: Approaching significant level of resistance in the second shoulder of our head and shoulder pattern. Seeing bullish momentum for CAD which is likely to bring this pair bearish ————— Level needed: need a close by 0.90140 ————— Trade: Short RISK:REWARD 1:5 SL: 20 TP: 101 ————— DO NOT ENTER O:UR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
CADJPY ASCENDING TRIANGLE BREAKOUTpair: CADJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern ————— Key Takeaway: seen alot of consolidation for this pair and alot of fakeouts from resistance, we are hoping for a push through this level to see a bullish swing that we can take advantage of ————— Level needed: need a close by 105.915 ————— Trade: Long RISK:REWARD 1:6 SL: 14 TP: 155 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
THE BEST PLACE TO BE SHORTING GBPNZDPair: GBPNZD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel ————— Key Takeaway: GBP has significant weakness as it is and have been down trending for some time. We have just bounced off the top of the trend channel, high volume level and rounded number level which tells us we are in for another bearish swing ————— Level needed: need a close by 1.90325 ————— Trade: Short RISK:REWARD 1:4 SL: 40 TP: 150 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
2
THE WAIT FOR EURJPY BREAKOUTPair: EURJPY Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern ————— Key Takeaway: We are expecting price to drop through the bottom of our pennant pattern but also open to the possibility of a push upward, we most likely will have a bounce of resistance and then a drop ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
USDCHF WHICH WAY WILL THE PENNANT BREAK?Pair: USDCHF Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, pattern patterns ————— Key Takeaway: Can see a break either way, USD is very bullish right now so more likely to see a break upwards, always going to expect a move down aswell ————— Level needed: need a close by 0.96450 ————— Trade: Neutral RISK:REWARD — SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
THIS IS WHERE YOU WANT TO BE SELLING EURUSDPair: EURUSD Timeframe: 1D , 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle ————— Key Takeaway: We have seen a touch of our trend line(resistance) and will most defo be in tune for more bearish momentum ————— Level needed: need a close by 0.99910 ————— Trade: Short RISK:REWARD 1:7 SL: 30 TP: 190 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
6
NEAR - Mixing Harmonic Patterns with WyckoffMixing Harmonic Patterns with Wyckoff Law (and also confirming with Elliot Wave where applicable) can be one of the most effective ways to trade. The AB=CD pattern comes within many Harmonic patterns such as the Shark, Crab or Bat. You can scalp movements like this within confirmed (or very possible) harmonic patterns that all point to a singular number. You can also trade smaller harmonics within bigger harmonics, as long as you map out the bigger harmonic first, so you have an idea where the market is heading mid-long term. In the example above, we use altcoin NEAR Protocol. We first check the 4 hour to find bigger harmonics, and then switch down to the 1 hour or 15 mins and trade those timeframes, depending on what we prefer. Currently, NEAR on the 1 hour timeframe is pointing towards 4.72 via the 1.618 and the 2/2.14 fibs. It makes sense that price would top here, because of the "Preliminary Supply / PSY" Section as seen in Wyckoff Redistribution Schematic #4 (For more info on this, please check my "Link to Related Ideas" below, where I describe this in more detail on a Bitcoin chart. You could also use Elliot Wave analysis here to map out the 5 waves upwards towards 4.72. Perhaps the final 5th wave points to a 1.272 or 1.618 expansion?
Short
by reiiss7
XAUUSD > Trading Plan for A BuyAnalysis of #XAUUSD Gold might keep going down to retest the lows near 1700-1690 which could make a good place to start looking for a but entry on the lower time frame. As you can see last time the market tested 1700, it rallied by 7.5% I will look for a reversal pattern with confirmation before committing to a buy entry if the market retests the lows Please support me by boosting this idea so it can get to more and more traders ________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions. Thanks for your continued support!
OANDA:XAUUSD
by TheTradersAvenue
13