Harmonicforex
EURAUD > Bullish Harmonic Bat Pattern!Analysis of #EURAUD
bullish harmonic bat pattern near the strong demand zone might complete soon to provide a reason for a buy entry.
Aggressive entry: limit order at D leg completion
Conservative entry: reversal pattern inside the demand zone on the lower time frame
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JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
This pair does not show any strong trait of any directional bias. Our idea is to stay neutral and wait for a major news release.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25725
TP: 1.29185
SL: 1.23198
Bias: Long
For this instrument our bias is bullish today. The price may move further up . However, the trade must be short term and should be taken with proper caution.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
For this pair we do not have any directional bias today. The pair might be bearish and the traders are waiting for a major news release. It is wiser to stay out .
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The old price pattern of gold is still valid . We do not see any quick appreciation or depreciation of gold today but it can move significantly tomorrow . For the time being our expectation is neutral.
USDCHF LongTime Frame: 1H
Symbol: USDCHF
Entry: 0.96015
TP: 0.96572
SL: 0.95669
Bias: Long
Current price study of this instrument is revealing a short term bullish opportunity. Though it is really difficult to find high probability opportunities or setup nowadays , the average directional bias for this pair is on the bull side. So we are planning a short term momentum trade.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
Considering the current price structure of dollar and its counter currencies ,it is evident that there is no explicit signal for this instrument. Our bias remains neutral.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
For Gold we do not see any strong signal for intraday or swing trading. For the investors there is a possibility of holding positions assuming that price will appreciate but currently our projection is not supported by any bias.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
The current price projections do not show any significant possibility of market momentum or volatility. We stay neutral for this pair.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
We do not see any immediate signals for this instrument today. Our study does not reveal any strong directional bias.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007721
TP: 0.007518
SL: 0.007857
Bias: Short
The current price projection for this instrument is showing a bearish bias and that is the reason we anticipate a high probability selling setup from the current context. Though it is an obvious sell signal, trade should be placed with proper caution.
PRZ as AB=CD on CADJPY AB=CD pattern has shown and I think the market will go bearish at the moment. See previous idea on cadjpy to more specific detail on this idea.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
It is self evident that if the momentum and volatility are absent in the market, there is little or no chance to make money positioning based on directional probability. The example is still valid for this instrument . We do not see any hope for the time being.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The current momentum and volatility do not reveal any promise for the short term future. Our goal is to wait and observe for a better high probability set up.
USDCAD > Perfect Bullish Cypher Pattern.Analysis of #USDCAD
The USDCAD might continue to the downside as Oil keeps on claiming, it is expected the CAD will gain more strength.
you can see on the chart we have a beautiful bullish harmonic Cypher pattern that might complete the D leg completion near the 1.2600 number, however, if you choose to get in at the first entry you are going to have a big SL.
my preference is to wait for the market to further down to my structure support zone near 1.2500 and watch market action inside the zone to see if we get a confirmation we are moving higher from the zone
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
This instrument is also not in a strong position to run for a high probability opportunity. We do not see any directional bias in up or down side. So our major bias is neutral.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
Gold is now in a zigzag mode and it does not show any promise for directional bias. So we remain neutral. We have to wait and observe till we get a high probability opportunity.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
If we look at the short term spectrum of this instrument ,we see an obvious trend that the pair is in a great dilemma . It is in pressure from either side. SO our bias remains neutral for this one.
Thoughts on CADJPYAfter the failed gartley with AB=CD pattern, we can see too things the market would do: bullish because of a flag pattern (or channel, depending if you see it as geometry or harmonic theory) or bearish because of an ideal AB=CD pattern as 0.786 : 1.27. I recommend to wait for signals when it approaches to a zone marked. In that case, bearish possibility at 101.681 - 101.969 or bullish possibility at 100.148 aproximately.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not see any strong bias in any direction for this instrument. We have to wait for a suitable high probability entry.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The chart of this instrument is showing a neutral position. Currently there is a lethargic motion visible which does not allow us to define any definite conclusion.
