Harmonicmoves
3 steps ahead "How the Gbp/Usd gets to 1.5000"Last week i put out an idea of how i thought the gbp/usd would be a "buy." This week i thought i would stay with this pair and give an example of how i plan ahead on my trades. The blue bar pattern is what i predict the market to do this week. If price rallies up to the 1.46685 level, i will be looking to go short on a fib inversion trade at the 1.618 ext. If that trade plays itself out like i have the purple bar pattern, i will then look to go long on a trend continuation trade around the .618 fib retracement. This will complete the AB=CD pattern you see with the white arrows. If price then rallies from the .618 retracement and makes a new structure high like the bar pattern in green, i will look to short the market around the 1.5000 level on another fib inversion trade. This will be a bigger AB=CD move, marked by the pink arrows. Now all of this could change in a day or two, but i know what i am going to do, if my prediction comes true. If it doesnt come true, i will then just form a new one and start over. But this is definitely something to look out for over the next coming weeks.
Bearish Bat PatternIts Time to Go For Some Good Pips ,this trade have an excellent risk reward ratio,the trend in w chart is bearish ,now in Daily its look like a symetrical triangle .
USDJPY 60min Bullish TCTUSDJPY is coming off of a Major Support Level. I'm looking to buy a pullback in anticipation of the market correction.
It has broken and closed above previous resistance and if it can pullback into my reversal area I will look to enter long. I will have to enter long at or below the Purple Line which represents a 1 to 1 Risk to Reward.
Stops - 1 ATR Below the Reversal Zone
Target #1 - Retest of Highs
Target #2 - 1.27% Fib Extension plus Structure (Previous Resistance). Once could also look to Target the completions of the ABCD Pattern for Target #2's
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View,
Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed.
Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change.
Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!!
We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney.
Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down.
Trade safe, trade smart.
-K
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View,
Here on the EuroYen, we are seeing a reversal of a bearish trend .
Price has made higher highs, and higher lows, confirming my directional bias.
Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg.
Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade.
After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat.
Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns.
Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion.
Stop is set below the B point, as a close below would invalidate the pattern.
Trade safe, trade smart.
-K
GBPUSD_Potential Three Drives PatternPotential reverse at this zone due to :-
1- completion of Three drives pattern.
2-completion of ABCD pattern.
3-completion of butterfly pattern.
4-valid structure level.
GBPJPY 60min Bearish TCTGBPJPY is in a downtrend. I'm looking to sell Rallies on this pair.
Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top.
I just sold at the Double Top and looking for a retest of Previous Lows.
Stops - 1 ATR above Double Top
Target #1 - Retest of Previous Lows (Structure)
Target #2 - Retest of Previous Lows (Structure)
NZDUSD Gartley Forming, Decent RRHello Trading View,
Here I have a potential Gartley forming.
This is a special pattern, we have a 0.618 retracement point B AND C.
This mean we have the potential for a perfect Gartley pattern.
Confluence with the perfect AB=CD is forming and completing as we speak.
This pattern specifically provides a solid solid solid basis for entry.
Be sure to monitor price as it reacts to the PRZ.
Trade safe, trade smart.
-K
EURJPY 60min Bearish TCTLooking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies.
Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area.
Stops - 1 ATR Above the last Swing High
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Extension
GBPAUD_Crab + Butterfly + ABCD patterns !Potential reverse at this zone due to :-
1- Completion of Butterfly pattern .
2- Completion of Carb pattern.
3- Completion of ABCDpattern .
4- Valid structure level.
5-RSI oversold
EURUSD - simple trend continuation longThis EURUSD pair has been putting in a series of Higher Highs and Higher Lows, indicating that the trend on the hourly time frame is in an upward direction. This is also confirmed by drawing the trend line. Furthermore, price bounce off a previous resistance level which should now become support.
The pair is moving quite harmonically recently, breaking the previous highs after retracing till around the 61.8 retracement. Currenlty we are sitting at such a retracement and on the trend line, providing us an excellent opportunity to go long. If the pair continues it's behaviour, we could again create new highs around the 127.2 Fibonacci extension which would also complete a nice AB=CD pattern. (Which is not a reason for the trade, rather a reason to put a 3rd target at that level)
I put the stop loss nice and tight under the entry so that if the direction fails to confirm, we get out of the trade quickly.
Stops will be moved to the entry level once TP1 is reached, and moved up the subsequent TP levels once the next one is reached.
If you like this setup, please do not forget to click the thumbs up button, and if you want to keep up to date you can follow me.
NZDJPY bat pattern trade setup for next weekVery nice bat pattern on the NZDJPY pair hourly.
Look to enter the trade at 76.377.
SL at 75.720.
Profit targets set at Fibonacci levels.
USOIL_ Potential Rally Movement !Potential bullish movement due to the followings :-
1-Valid Three drives pattern.
2-Fib retracement 0.886 for AB leg.
3-Fib extension 1.618 For BCLeg.
AUD/JPY Potentially Nice Short Here we have a Harmonic move down and if we get a pullback from the "Reversal Zone" into the trend line it will present us with a very high probability trade.
Dollar strenght underway? DXY Daily AB=CD + Trendline support.As the title describes.
Price got a bullish AB=CD pattern completion.
We got a nice demand area and trendline support.
Non Farm Payroll coming out today, so this is my toughts.
Holding a few long dollar positions going into the report based on this analysis.
GBPAUD_Cypher pattern completion Potential reverse expected at the decision zone due to the following :-
1- completion of Cypher pattern
2-completion of Three drives pattern (At lower time frame )
3-0.618 , 0.50 Fib retracement for AB , CB legs
4- valid structure level
5-RSI overbought with regular divergence
USOIL _ What is illustrated by the chart ?! After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East .
For Technical analysis ,the chart shows potential bullish impulse as based in following :-
1- Valid Carb Pattern.
2-Valid two ABCD pattern
3-The trend hit the lower level for the bearish channel.
4- Valid RSI Regular divergence.
USDJPY BEARISH CYPHER @H1Bearish Cypher Pattern on USDJPY Hourly chart.D point has stopped in a resistance point making the reversal stronger.Stop loss should be placed in the next resistance point and target 1 is at 38.2 fib level,target 2 61.8 fib level.
Thinking through "If then" DAX moves What is says in the title really. Looking at trend lines and structure support and resistance levels. Potential for a harmonic move upwards at the moment. Let's see how this plays out.
