FTMUSDTIn the short term this scenario is likely.
Think of a downtrend with respect to the loss limit.
Harmonicforex
AUDUSD > Beautiful Buy Pattern Near Entry!!Analysis of #AUDUSD
A Bullish harmonic butterfly pattern near the entry point for a buy but it still not test inside the support zone, be careful if you want to take the pattern as might extend below the low before reversing to close inside the zone
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EUR/AUDX2 Position
1. Sell: EUR / AUD
SL @ 1.53040
TP @ 1.50650
Max Risk: 2%
2. Sell: EUR / AUD
Sell limit: 1.53180
SL @ 1.53700
TP @ 1.51600
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007341
TP: 0.007149
SL: 0.007505
Bias: Short
The price story of this instrument reveals that the pair has an ambience of make the price drop . The price level will drop creating a beautiful shorting opportunity.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.23162
TP: 1.26017
SL: 1.20790
Bias: Long
If we analyze the current price story of this instrument, it becomes evident that there is a positive expectation of going bullish for a short period of time.
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.05679
TP: 1.07768
SL: 1.03927
Bias: Long
We are bullish for this pair. Though the bias is not very strong, there is a ray of hope for a short term bullish opportunity.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The price pattern of this pair shows a neutrality of directional bias. There is no signal for obvious or strong directional move. So we are neutral for this instrument.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
USDCHF is in a stagnant state today . It does not show any promise for any directional move. So we stay neutral.
EURUSD > Quality Bearish Harmonic Bat Pattern!Analysis of #EURUSD
The EURUSD may be forming a quality bearish harmonic bat pattern that might complete near strong structure resistance level where the market failed to break to the upside multiple times before.
if the market indeed completes the bat pattern I will then look for sell entry if the rules for entry are met.
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EURCHF multi timeframe analysis.EURCHF top down price action analysis - dont get caught in a trap trying to long this correction until price has swept the lows.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not see any specific directional bias for this instrument. We have to keep eye on the volatility and momentum of this pair till we get a rational entry bias.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.22622
TP: 1.19577
SL: 1.24736
Bias: Short
For this instrument our major bias is short. We think the price level of this instrument will drop dramatically creating a good shorting opportunity.
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.05437
TP: 1.07148
SL: 1.04250
Bias: Long
As we see the weakness of dollar is the strength of the euro but not always . The inverse correlation does not work mathematically all the time . However, sometimes we can anticipate trading against the weakness or strength of dollar. Here we are going for long as we think the price level of this instrument may rise.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1839.721
TP: 1802.114
SL: 1868.853
Bias: Short
Our bias for this instrument is bearish and we are looking for a right short entry opportunity. The overall market bias is neutral but in the short term we can anticipate a short trade.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96422
TP: 0.98885
SL: 0.93920
Bias: Short
The historical price action of this instrument is showing a lethargic movement now and not very active with any directional bias. However, the trend strength is heavier towards downside and that is the reason we are seeking a short trade opportunity.
EURNZD > Breakout to The Downside Is Possible!? Watch for SellAnalysis of #EURNZD
The EURNZD failed to break to a new high as you see on the chart and now spending too much time at its trend line support which to me indicates no desire from traders to buy the support which could lead to EURNZD giving up support and breaking to the downside.
if indeed the market breaks and closes below structure support I will take this opportunity to look for sell if the market makes a retracement to its trend line or previous swing, depending on the price action
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AUDUSD > Simple Classic Bearish Harmonic Bat Pattern.Analysis of #AUDUSD
Simple classic bearish harmonic bat pattern, still early though but keep an eye on this setup if and when it breaks B leg we can start looking for a sell entry at D leg completion or inside the structure resistance zone, depending on how the market will get there
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DENTUSDTSo far it has progressed according to the analysis of the past.
The bearish wave of the DENT continues until the specified price targets
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
It is obvious that the strength of JPY is rising against dollar. The outcome is obvious that the pair will have some hard time moving strongly in either direction. So our bias is neutral.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.23230
TP: 1.19351
SL: 1.26652
Bias: Short
We are bearish for this instrument. The trend is bearish but for short time frames, it may seem bullish though actual trend is bearish. So we go for a selling opportunity.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.05309
TP: 1.03099
SL: 1.07233
Bias: Short
We are bearish for this instrument as we see the price pattern of this instrument is insinuating a down move which will be visible owing to bearish pressure from the market participants.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
Currently the price action pattern of gold is not showing any strong probability. The trend is neutral and there is no room for strong momentum and volatility. So we stay neutral.
