Get started

Harmonicforex

XAUUSD UPDATESince finding support at the psychological level of $1800 price made a BOS above the previous swing high and formed a new higher high from a 1D perspective. In doing so the market has formed a harmonic formation, we expect the market to complete the pattern at the neckline giving us an intraday downside target. We will be waiting for the price to push above the high of the week into our HTF supply zone before we can drop to the LTF and look for a valid entry to short according to our strategies
OANDA:XAUUSDShort
by ITSCRYPTO1
EURUSD > How to Buy and When!Analysis of #EURUSD The EURUSD made a not convincing breakout to trend one resistance, I am waiting for a break and close above structure resistance zone recent high above 1.0640. If i get the breakout and close above my resistance level is will then look for trend continuation entry as i believe this move will continue to the upside and maybe retest 1.0800. Important: If the market fails to break to the upside, I am not interested in selling now ________________________________________ 💭 | 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
3
USDCHF UPDATEUSDCHF has recently made a bearish correction on the HTF after a very strong rally due to the $DXY strength, during the correction price formed a harmonic formation from a 1D perspective, generally speaking the market likes to complete this pattern at the neckline giving us an intraday upside target. On the LTF we can identify we have a strong demand zone below the current lows we are looking for a sweep below the LTF lows to grab the liquidity and trap bears before we can monitor price action on the LTF for a potential entry confirmation to long
Long
by ITSCRYPTO1
CAD/CHF UNIQUE IDEA ..(Sell)hi Hello to all friends Hope you all are enjoying me ideas and analysis. Now i am here to discuss about FX:CADCHF CAD/CHF has breaked the main Support level . Now it has Maximum chances that it can touch Price level 0.74955 Trade Idea: - Watch for bearish price action at the 38 fibonacci level and take CAD/CHF down. - Stoploss above the rejected price - For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that. After that it will follow again downtrend. Keep in touch we will update further soon. Goodluck and as always, trade safe!
Short
by Reza-Mahan
1
A reversal could be close in the USDMXNA harmonic pattern seems to be forming in the USDMXN pair, it could be a bullish Gartley, so the reversal could be close. The pair is currently trading below the 50-period moving average on a daily basis without having a very marked slope. I see the strongest support at 19.74 which has not been broken since June of last year and previously served as support 2 times during April of this year. The extension to 127% of the fibo coincides with the resistances of January of this year, as well as those of November and October of last year. If the reversal occurs, the dollar could easily go to the range of 20.5-20.88 pesos and maximum at 21.20. I highly doubt current prices will hold up anytime soon before a change in direction occurs.
Long
by amateur_trad3r