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Harmonicpattren

Time for a bull trend PauseThis is an early technical analysis on gold. Please note that I did not get bear confirmation yet. However I see trend getting weaking near resistance zones. Probably time for liquidity hunt before resume trend. Very quite week in financial calendar which must favors bears. Of course expect a bullish close in Monthly. Let me explain the method I used to fine targets This chart showcasing following indicators Fib extension Fib retracement Stochastic Moving averages (hidden) Analytical Method Elliot wave Simple Rules Wave 1, is very steep having an impulse text book count Wave 2, is zig zag irregular correction Wave 3, is an extensive wave with a combination of Elliot wave pattern. Which is very complex and shoot out of compression. This wave expected to finish between 1.273 -1.618 extension. Wave 4, Here is the argument rise which has to be a triangle or deeper zigzag. I didnot find that yet for best fit wave 5, No comment (Controversial called for argument) :) Found a harmonic bearish butterfly in hourly chart which is typical structure of wave 5 in Elliot wave So I labeled as per Fib Extension figures which shows a correction is due below 1860 Well this can be a deeper wave 4. I would like to label such correction as zigzag combination. The conclusion : I am shorting gold next week from the zone around 1930-44 target 1907 or deeper.
EASYMARKETS:XAUUSDShort
by VRShaiju
7
USDJPY > Possible Buy at Strong Structure Low!!Analysis of #USDJPY Hi traders, today we will have a look at #USDJPY looking at the chart you can see the USDJPY is in a downtrend, of course still the market has not yet tested the structural support level near 126.00 usually, the market will test the low before starting to reverse, and right now I can see the market moving down to test 126.00 structured support level before it starts to move up as you can see we have the market moving inside the downtrend channel and if the market test the lowest we will have a beautiful setup to get in a buy trade, but for sure not in this time frame, we must drop to the lower time frame and look for confirmation at the lows, we might get head and shoulders it will be my favorite to get in a buy if the rules for entry are met I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
13
AUDJPY > A Possible Bearish Entry May Come Soon!Analysis of #AUDJPY Hi traders, today we will have a look at #AUDJPY As you probably know that all AUDJPY is very strong today due to strong fundamental news overnight, Looking at the chart you can see in the market is going up to test the daily structural resistance zone near 93.00, previously when the market was here at this level it dropped substantially We can expect the market to show a bearish reaction if it comes inside this zone again. If the market comes and tests my supply zone, we can drop to the lower time frame and look for the reversal patterns and confirmation we are turning bearish before selling the market targeting the next level of support IMPORTANT: The Aussie momentum is to the upside after the CPI news, wait for confirmation before entry I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
11
EURAUD > Strong Demand Zone to Look for A Buy!!Analysis of #EURAUD Hi traders, today we will have a look at #EURAUD As you can see if you look at my chart I have highlighted for you two important zones one being the supply zone on which is posted an idea before, you can check the link below this idea in fact the previous idea moved as I expected but it did not provide any reason to enter and It moved without me anyway I am hoping that the market right now will come and test the structure demand Zone near another key market level 1.5400 If the market drops and go inside the demand zone I would drop into a lower time frame looking for the market to turn bullish before getting in a buy trade with a good reward to risk I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
29
GBPAUD > The Best Possible Levels for A Good Buy Entry!! Analysis of #GBPAUD Hi traders, today we will have a look at #GBPAUD as you can see we have the market dropping down to test the lows near 1.7500, currently the market is at the resistance zone, if you look at the left side of the chart you can see there are multiple levels of resistance in this area so I expect the market to test the lowes, we have 2 levels that interest me, the 4-hour structure support level and the daily structured support level as laid out on my chart if the market drops and test this zone I will then drop the lower time frame looking for a double bottom, or bearish candle formation, better if I get a harmonic pattern I can then enter with a limit order, lets what the market will give I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
7
EURAUD > Simple Reversal Sell Idea!!Analysis of #EURAUD Hi traders, today we will have a look at #EURAUD looking at this market as you can see we have the market near a strong structure resistance level and key market level at 1.5600. right now I am not doing anything I set my alert and I am just waiting for the market to provide a reason to get in, such as a reversal pattern like a double top perhaps a bearish candle formation target will be Fibonacci 38, simple as that just keep an eye on this maybe it comes maybe it won't, and just pay attention to the news, I think the market will not move substantially, and until we get the CPI report I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
35
EURJPY > A Fantastic Strong Supply Zone for A Sell.Analysis of #EURJPY Hi traders, today we will have a look at #EURJPY this is a simple idea I posted similar setups a couple of times before on this pair, you can check the link below, and again the market is so generous and wants to give us another opportunity to get in a very good sell setup right now I am waiting for the market to push up and test the structure resistance level just near 142.500, and if the market comes and tests my resistance level I will then drop on time frame looking for a reversal pattern and confirmation we turning bearish before getting in a buy trade. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
21
GBPUSD > In-Depth Analysis, and Major Levels!!Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD the market here tested its structure resistance level and started to move down, as you can see we witnessed a very strong bearish reaction near 1.2440. if the market will come and retest the structure resistance, I suspect we will see another bearish reaction which will be a good opportunity to look for sell because for this pattern still we did not hit the projected TP, and if the market test back structure resistance level I Will Then look for selling opportunity targeting Fibonacci 0.382 level I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
10
🔠 The ABCD PatternThe ABCD is a basic harmonic pattern. All other patterns derive from it. The pattern consists of 3 price swings. The lines AB and CD are called “legs”, while the line BC is referred to as a correction or a retracement. AB and CD tend to have approximately the same size. A bullish ABCD pattern follows a downtrend and means that a reversal to the upside is likely. A bearish ABCD pattern is formed after an uptrend and signals a potential bearish reversal at a certain level. The rules for trading bullish and bearish ABCD patterns are the same, you will just need to take into account the direction of the pattern you trade and the movement of the market it predicts. 🔷Classic ABCD The point C should be at 61.8%-78.6% of AB. The point D, in its turn, should be at the 127.2%-161.8% Fibonacci expansion of BC. Notice that a 61.8% retracement at the point C tends to result in the 161.8% projection of BC, while a 78.6% retracement at the C point will lead to the 127% projection. 🔷AB = CD Here CD has exactly the same length as AB. In addition, it takes the market the equal time to travel from A to B as from C to D. As a Result, AB and CD have the same angle. This type of ABCD pattern is seen quite often and is popular among traders. 🔷ABCD Extension ABCD extension refers to when CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) bigger than AB. There actually are some signs that can hint that CD will be much longer than AB. They are a gap after point C or big candlesticks near point C. 📊Trading with ABCD pattern The key thing you should remember is that you can enter the trade only after the price reached the point D. Study the chart looking at the price’s highs and lows. It may be helpful to use ZigZag indicator (Insert – Indicators – Custom – ZigZag) that marks the chart’s swings. Watch the price as it forms AB and BC. In a bullish ABCD, C must be lower than A and should be the intermediate high after the low at B. Point D must be a new low below B. When the market arrives at a point, where D may be situated, don’t rush into a trade. Use some techniques to make sure that the price reversed up (or down if it’s a bearish ABCD). The best scenario is a reversal candlestick pattern. A buy order may be set at or above the high of the candle at point D. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
EURUSD > Important Trading Levels You Should WatchAnalysis of #EURUSD Hi traders, today we will have a look at #EURUSD as you can see here looking at the chart we have the EURUSD tested trendline resistance and started to go down. the market right now is out of momentum and there is no reason for the euro to keep going up, although the trend direction is to the upside it's better to look for buy entries instead of selling entries, but if you want to sell you can look for the market to retest the trendline resistance, near 1,0900 and form double top before you getting in a sell the better option is to wait for the market to test the trendline support which is also the structure support Zone near 1.0700 it will make a very good level for entry with a good reward to risk I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
4
AUDJPY > Best Levels for A Sell Entry!!Analysis of #AUDJPY Hi traders, today we will have a look at #AUDJPY Looking at the chart you can see we have the market respecting the trend line resistance and the trend line support As of now the market successfully tested the trend line support and moved higher if you go to the 15-minute chart you will see how the market formed to beautiful double bottom at the trendline support and then rallied up with huge momentum I will be looking for the market to test the trendline resistance, then drop to the lower time frame and look for a double top at a trendline resistance also key market level 91.0 If the market will not provide any entry at the trendline resistance i will then look to enter at the structure resistance if provided a reason to, which is near 91.64 on 92.00 I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
30
GBPAUD > Strong Sell Might Come Soon!!Analysis of #GBPAUD Hi traders, today we will have a look at #GBPAUD Similar to my idea on the euraud, here we have another strong supply zone at the gbpaud 4-hour chart, also a strong key market level of 1.7900, As you can see the market tested this zone and showed a bearish reaction which was expected, right now i am waiting for the market to retest this zone and see what is the reaction and if the sellers will be again interested in entering this area. If the market actually tests this stone drop lower time frame to look for confirmation we are turning lower before entering a selling trade with good risk to reward I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
12
EURAUD > Possible Short Entry at Supply ZoneAnalysis of #EURUSD Hi traders, today we will have a look at #EURAUD looking at the chat you can see we have two zones, a supply zone and a demand zone, right now the market tested the supply zone and showed a bearish reaction which is something I was waiting for, but unfortunately the market extend lower, right now I am waiting for a confirmation retest in the zone double top and the reason to enter short I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
6
Perfect automated detection of Cypher & Shark PRZ - ShortA bearish-type big Cypher pattern occurred near the resistance zone of 18.988-19.077. If the price rises to 18.9162, a bearish-type big Shark pattern could occur. Short after seeing the rebound. At that time, be careful of re-inversion in the support zone of 18.365-18.543. *Harmonic patterns and support/resistance zones are automatically detected using the indicators below. - Harmonic auto-detect PRO - Support/Resistance Zone Auto PRO
Short
by HarmonicLab
AUDUSD > Strong Opportunity Might Come Soon!!Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD yesterday short-term trading Idea on the AUDUSD did not provide an entry, right now I went to the higher time frame to look for another opportunity as you can see we have solid long-term trendline support and strong long-term trendline resistance the market has been respecting those trend lines and I expect the market to keep doing so, I will be looking for another buying opportunity down near the trend line support, and if the market comes and test my trendline support as I have highlighted for you on my chart as you will also see that we have a double trend line support which will be a good opportunity to look for a boy near this zone I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
30
EURUSD > Consolidation Pattern, Breakout Might Come SoonAnalysis of #EURUSD Hi traders, today we will have a look at #EURUSD nothing changed for the EURUSD since last week as you can see still the EURUSD is trading inside this consolidation pattern we can expect the market to keep consolidating inside this range until we get the breakout. there are two ways you can trade this pattern first one is to trade inside the range, and the second one waiting for a breakout, entering with a retest for a possibility of trend continuation. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
24
USDCHF > My Preferred Places to Sell!!Analysis of #USDCHF Hi traders, today we will have a look at #USDCHF here we have another market trending down in a very beautiful downtrend channel as you can see the market respected the trendline resistance and the trendline support many times before. I have no reason to believe the market will break out of this channel anytime soon for that we can just keep trading the inside of the zone. for me I always prefer to trade with trend direction for that I will always try to get in a sell trade with such a setup, instead of buying here, because if you enter buy in this market using this setup you'll be essentially entering against the trend, not with the trend, it's ok if you are a reversal trader and you have a proven strategy. I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Short
by TheTradersAvenue
22
NZDUSD > I Like This Idea More than The One on My AUDUSD IdeaAnalysis of #NZDUSD Hi traders, today we will have a look at #NZDUSD similar to my previous Idea here we have another trend line support with the previous structure support level but here as you can see we have a Double trend line coinciding ain't the same level which is 0.64200 it would be a good idea to start looking for a buy if the market actually tests this area, what are you will do when the market tests my support zone, I will drop a one-time frame to start looking for a reversal pattern for confirmation that the market actually bottoming and we are turning bullish from this area and if the market is turning bullish from this area will look to enter buy trade with good risk to reward if the rules are met I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
7
AUDUSD > Detailed Analysis for Buy & Sell..Analysis of #AUDUSD Hi traders, today we will have a look at #AUDUSD as you can see the market right now is at trendline resistance the market actually showing a bearish reaction at this level and we might have a bearish candle formation at the top of the hour, which could be a good reason for some to get in sell trade, the other way to get in a selling trade is to wait for the market to form a double top and enter sell with confirmation the other way that you can trade this market is maybe waiting for the market to drop to the support level just near 0.69 which is also trendline support and the previous structure support level I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
by TheTradersAvenue
6
GBPUSD > The Best Place for A Buy Trade!!Analysis of #GBPUSD Hi traders, today we will have a look at #GBPUSD as you can see here we have a clearly defined uptrend in the GBPUSD and right now the market has broken its structure resistance level near 1.22800-1.2300 currently, the best place to look for a buying opportunity is when the market actually makes a retest to its previous resistance zone, which now becomes a support zone, near 1.2300 also a trend line support and if the market comes and retests the boys on I will actually drop on a one time frame to look for a reason to get a buy entry, like double bottom reversal bearish candle formation or maybe a harmonic pattern I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one Thanks for your continued support!
Long
by TheTradersAvenue
10