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Harmonicpattren

Will the Uptrend Continue or Reverse at 1.0900? Let's Find OutHey traders, Looking at the EURUSD chart, we can see that the market has been in an uptrend short term. However, the market was unable to sustain its momentum above the 1.1100 level, and traders took their profits at this level, causing the market to move downwards. It is possible that the market may continue to move down towards the 1.1000 level, which coincides with the trendline support. At this point, I am not suggesting shorting the market as long as it stays above 1.0900 because we are still trending upwards. If the market tests this level, it could be an opportunity to look for a buy entry. Remember to follow and like this post for more exciting trading insights. Don't hesitate to share your thoughts in the comments section below. 🚀
by TheTradersAvenue
6
Bitcoin on the Rise: Technical Analysis Shows Positive MomentumHey there! So, we're going to talk about Bitcoin prices over the last couple of days. The price of Bitcoin has been jumping up and down quite a bit during this time, with the highest price being 31,000 USD and the lowest being 26500 USD. Now, let's talk about moving averages. to see where the trend is 50-day moving average: 27215 USD 100-day moving average:24690 USD 200-day moving average: 21312 USD Right now, the 50-day moving average is higher than both the 100-day and 200-day moving averages, which means that Bitcoin is trending upwards. Next up, we have a look at the Relative Strength Index (RSI). Right now, the RSI for Bitcoin is at 52.00, which means that the market is pretty neutral - neither really good nor bad. So, based on all this technical analysis, we can say that Bitcoin is currently on an upward trend.
Long
by TheTradersAvenue
18
ETH Price Analysis: Bullish Momentum on the Risehello traders Over the last 7 days, the price of ETH has been fluctuating between 1916 to $2141. The overall trend of the cryptocurrency was bullish as the price kept moving upward, but there were moments when ETH experienced dips. Looking at The Moving Averages: The moving averages help to smooth out the price action of ETH on the chart. Over a couple of days, the market remained supported above the moving averages, and the price has not gone below it. This indicates strong bullish sentiment in the market. also, the 200-day moving average has caught up with the price action of ETH, indicating that the short-term trend is upward. higher highs ETH formed a couple of higher highs and higher lows which line up with trend line support indicating the market will likely continue upside Based on the technical analysis, the overall sentiment of the cryptocurrency is bullish. The moving averages are acting as support, we have higher highs, and trend line support. Given the current technical analysis, it would be a buyer of ETH for short-term gains. However, It is also advisable to keep an eye on the RSI indicator to monitor any changes in market sentiment.
by TheTradersAvenue
23
BTCUSDT Bearish Cypher to Bullish Gartley Potential BTCUSDT Bearish Cypher to Bullish Gartley Potential based on Fibs For fun and although technical, by no means have any bias for your own trading decision. Mid point play out for Cypher confirmation from B 0.5 Fib to C. C to D would be a 0.618 fib resistance level and 28,500 a natural known resistance. Bullish Gartley enter, X to A the Cypher C to D given D is the top. A to B would be the Fib 0.618 from X to A. Given support around B various nPoc's, B to C to nPoc at approx 28425.00. C to D, D various nPoc's support around 27,300. D then reaching back to retest top of the range at 28425.00. For fun would be see how this plays out.
by hmaroudas
Very Long Term Bullish Crab on the 12hr 1DBINANCE:BTCUSDT Update from my last post: We did not bounce at the .886 for the BAT at exactly where it needed to. It is actually setting up for the BAT that was from the prior swing low, which still makes it valid. This sets it up for a Deep Crab instead of the Butterfly as once thought. If we get a bullish move up here, this would set up for a Bullish Deep Crab (Blue) where the D point is at the .618 of the very Macro chart. If we get a bounce at the .618, then that could potentially set up for a Bullish Crab (Teal) at the 12k mark. Over all this is a bearish move to 12k but these would set up for BTC to bottom at 12k for a good buying target. Thank you FYI - People are looking for the 25k bounce. I do not think we will get that.
Long
by Jetki
EURUSD > Getting Ready to Pounce on the Bullish Bat Pattern!Welcome traders, The EURUSD has recently broken its daily resistance level and the trend appears to be strong to the upside, or at least that is my bias. If the market comes down to test the strong demand zone, we will have a bullish harmonic bat pattern completing at the same level. This provides us with a good reason to consider a buy entry. To trade this setup, we can look for confirmation on the lower timeframes before committing to an entry. A stop loss could be placed below the demand zone, while profit targets could be set at the next resistance levels. Don't forget to follow and like for more updates on this trade setup. Happy trading!
by TheTradersAvenue
16
USDJPY > Key Buy Entry Level Identified at Strong Demand ZoneHello traders, let's discuss the USDJPY currency pair. We recently saw a double-top formation at the trendline resistance, making it an opportune time for a short trade if you follow reversal patterns. However, this would go against the current short-term trend. Instead, I'm interested in a potential buy entry if the market comes down to test the strong demand zone. This zone also coincides with trendline support and a key market level of 132.00, increasing the probability of a bullish reaction. As always, it's important to wait for confirmation on lower timeframes before entering a trade. Keep an eye on this setup and stay tuned for further updates. If you find this analysis helpful, please like and follow for more trading insights. And feel free to share your thoughts in the comments below.
by TheTradersAvenue
13
GBPUSD, The Impending ShortWe’re coming up towards the end of the final push, push 3. Looking back at the H4 timeframe, there is a Shark Pattern near completion. The D point of this Shark Pattern aligns with the long term resistance as well as a psychological whole number 1.24. There are other methods that also support the theory that price may reach the 1.24. The ab=cd pattern suggests price can continue to rally on towards the 1.24. Mentioned previously today, there was a 15min Shark Pattern which later came back to do a type 2 reversal that gives a trader a second entry to ride towards the 1.24. We may see a completion of the price objective by Wednesday next, until then sit on your hands and wait for price to do it’s thing. Beaucoup Out.
by BeaucoupPips
EURUSD Rising Wedge & RSI Divergence Signal Possible Sell EntryWelcome traders! Analysis of #EURUSD I've identified a potential sell opportunity on EURUSD. The market has been respecting a strong supply zone, with a decline of over 500 pips previously. Additionally, we have a rising wedge pattern with an RSI divergence, which is usually a bearish signal. To top it off, the pattern completes near the supply zone, which is also a key resistance level at 1.1000. One possible way to trade this setup is to wait for a confirmed we are turning bearish, a clear rejection of the supply zone. Then, we could enter a sell trade targeting the next level of support. As always, it's important to manage risk and use appropriate position sizing. If you find this analysis helpful, please don't forget to like and follow for more updates! Let me know your thoughts in the comments below. 🔥
Short
by TheTradersAvenue
25
TWITTER Bearish Bat SETUP 🦇Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The recent logo change following Elon Musk 's acquisition of Twitter has definitely affected the price of both Twitter and Dogecoin. But the rumor, sell the news and so it seems Twitter is taking a dive after a log period of upward price action. The bearish harmonic bat pattern short setup is discussed in detail in the video. Note that the prices are NOT USD, since Twitter is now a privately owned company and was removed from the NYSE late last year. Here's a more in-depth educational idea on bullish and bearish bat / harmonic bat pattern / cypher patterns : In another related idea concerning the logo change from the blue Twitter bird to the DOGE meme pup: _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
TShort
by CryptoCheck-
32
AUDCAD > The Place Place for A Sell or A Buy!!Hey traders, Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside. Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the probability of this setup. To get a better chance at a successful trade, we need to look for confirmation on the lower time frame before taking an entry. Keep in mind we have major news coming this week, and a lot can change Don't forget to follow and like this post for more exciting trading insights. Let me know your thoughts in the comments below! 🚀
Long
by TheTradersAvenue
15
AUD-USD: POSSIBLE REVERSAL| SHORT SETUP| HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. AUD-USD Forex pair is moving in a Bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish Bat Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bearish movement of the instrument till PRZ.
Short
by haroonsiddiki
NZD-USD: POSSIBLE REVERSAL| LONG SETUP | HARMONIC TRADE|ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. NZD-USD Forex pair is moving in a Bullish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Long Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ. Presence of Divergence is negative at the current price level which can further lead to bullish movement of the instrument.
Long
by haroonsiddiki
GBP-JPY: POSSIBLE REVERSAL| SHORT SETUP | ONE HOURThis trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. GBP-JPY is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify the projection from its current price whereas Short Trade Setup is given to grab the trade opportunity before the reversal of the instrument. However, only TP1 is suggested at present due to expected reversal from PRZ.
Short
by haroonsiddiki
Time to PLAY SHORT on USDJPY Dear Tradingview family, Symbol: #USD JPY Strategy: #Harmonic_Chart_Patterns, #Anti_Gartley_Pattern, #Rising_Wedge, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bearish_Divergence. Trade Call Type: #Short. Order Type: Sell Stop Indicators: #Price_Action. #Chart_patterns, #Anti_Gartley_Pattern, #Rising_Wedge #Trendline #Support_Resistance #RSI_Bearish_Divergence. #RSI #RichTL Entry: Short when price breaks Lower High after break down of Rising Wedge Pattern. Anchor Time: 4 Hours Trading Time Frame: 1 Hours. Entry price: 132.544 Take Profit: 131.252 Stop Loss: 133.860 RRR- 1:1 Methodology: As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk. Analysis: The current price action on the USDJPY chart is showing a clear Breakout of #Anti_Gartley_Pattern, #Rising_Wedge on 4 & 1 hourly timeframes. Additionally, the Bearish RSI divergence on 4 Hour & 1 hour time frame add value to the strength of reversal pattern. Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1. My Sell Stop entry is planned to execute when price action comes down to break patterns. Conclusion: Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade. Risk Assessment: Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade. Please use Position size calculator to calculate your risk per trade. Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Short
by The_TradingW0LF