Harmonicsignals
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.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3972
TP: 0.4119
SL: 0.3865
Bias: Long
The cost design is showing a bullish breakout signal . Our sign is upheld by static and dynamic help and obstruction examination of the graph designs. We have likewise thought about divergences as a piece of our specialized review necessities.
As we are one-sided bullish for this instrument, we propose a long exchange with sufficient watchfulness as the drawn out sell pressure likewise dillydallies from the drawn out projections.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3763
TP: 0.3582
SL: 0.3902
Bias: Short
The greater part of the cryptos will be overwhelmed by the anxiety toward the financial backers. Over the short haul cryptos will be running low in strength. The more the world is going towards an approaching despondency, the value level of crypto is suffocating profoundly. We have extended the set up cautiously to take advantage of some market failures.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3895
TP: 0.3649
SL: 0.4075
Bias: Short
The cost development construction of this instrument isn't major areas of strength for exceptionally any kind of directional predisposition. The elements that move the market need fundamentally in current cost setting. From our projection we have chosen to utilize the ongoing put in a position to adapt to the latest thing.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3534
TP: 0.3294
SL: 0.3704
Bias: Short
The investigation of dynamic help and opposition shows a thin reach and the cost is wavering between two limits yet the unpredictability factor is low. For that reason we can't anticipate a high possible exchange from the ongoing cost setting. Taking into account the cost design we can expect some cost move from help to obstruction and protection from help.
Drunk Newbie Cypher correction.Silly old me drew the cypher harmonic wrong! Thankyou for the help and correction @FinanciallyCodependently , appropriate it! this is why I love Tradingview!
The Mistake:
Made the B-D 0.786 when it should be X-D as 0.786 and B-D is irrelevant
The Cause:
I shouldnt draw fib harmonics after a few too many 🍻🤣
Updated chart here!
The correct cypher also makes my target range more like my original confluence area 🔥
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3671
TP: 0.3414
SL: 0.3849
Bias: Short
Today we see no commitment of critical cost development. The ongoing cost setting uncovers some unremarkable trading open doors across different instruments. We want to go for our plotted projections while exchanging individual money matches. The main thing is cash the executives . In the event that we can appropriately deal with the position ,any predisposition can be transformed into positive result. Our projection is directed by short and long haul specialized and central examination.
ADAUSDT Short Time Frame: 4H
Symbol: ADAUSDT
Entry: 0.3710
TP: 0.3527
SL: 0.3909
Bias: Short
The ongoing value example of this money pair is showing areas of strength for an according to our projected course. We accept the miniature pattern will go on with slight cost percussion . Our point is to underwrite from the ongoing business sector variances.
$ODAI $O Childhoods EndFreedom and Stability
O Price Live Data
The live Childhoods End price today is $0.000033 USD with a 24-hour trading volume of $118,219 USD. We update our O to USD price in real-time. Childhoods End is down 0.93% in the last 24 hours. The current CoinMarketCap ranking is #3567, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3386
TP: 0.3171
SL: 0.3544
Bias: Short
The investigation of dynamic help and opposition shows a thin reach and the cost is swaying between two limits yet the instability factor is low. For that reason we can't anticipate a high expected exchange from the ongoing cost setting. Taking into account the cost design we can expect some cost move from help to obstruction and protection from help.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3430
TP: 0.3679
SL: 0.3252
Bias: Long
These instruments are showing little to medium directional predispositions. We have projected in view of our particular central and specialized research models. As we see the pattern is our companion however finding the right pattern is very troublesome and to that end we search after elective open doors.
Where BTC going from here? BTC find bottom? Last 4 - 5 months I tracked #Bitcoin to see when it will hit the bottom like many of you and I was expecting capitulation before we see a strong move up from BTC.
Did Crypto find bottom, Alts and BTC? I'm not 100% sure but altcoins made nice 50%+ move some even bigger move from bottom. If you are not already long on some of these movers or if you catch some of these moves I guess it is a good time to take some profits from table and move Stop in profit. I'm 100% sure I will not long here.
Why?
Because I'll wait to see where this going from here. Can Bitcoin push from here without retrace? Sure, it's possible, but the question is what kind of traders are you? Holder? Where to enter and where to place Stop? Anyway this is what I tracked these months for #BTC and what I was looking for (I know bear option is not popular) and what could happen.
Back in September '20 the first harmonic pattern I spotted (after BTC make big drop) was bullish Shark pattern. I also noticed that is choppy waves and usually it is not a good idea to take long in bearish market.
I got the bearish harmonic pattern in result of how the price moves (small Butterfly harmonic pattern)
Again, I noticed choppy waves (not impulse, this move should be part of some larger correction)
At same time, I got a larger harmonic pattern (121 pattern)
and 5 - 0 pattern, that is a specific harmonic pattern (small margin for error)
I assume this is just internal (inside) correction of larger move down (from 25k to 18k) and I have confluence of 3 #harmonic patterns.
Risk to Reward (R:R) is good and in bearish market is always a better option to ride with trend. Clear Entry, Stop and all Targets.
So, Bitcoin reached all targets, for one small and two larger harmonic patterns.
After that drop, the next pattern I got is small Cypher and Anti Butterfly pattern.
Like I said before, it is not a good idea to long in bearish market but these harmonic patterns reached all targets (I ask myself maybe trend is going to change)?
After a nice move from that bottom, Bitcoin reached new larger bearish harmonic patterns (very large 121 pattern and Cypher and Anti Butterfly)
These patterns even reached PRZ however they still did not reach "entry". The question is will it be invalidated (not reached "Entry" before break up) or we will see valid harmonic patterns (hit entry) and reached some targets?
One of the reasons to be careful is because I can see two more possible harmonic patterns above (Crab and more upside Nen Star and Anti Bat).
If this is not bottom one of the options are this Elliott wave that I see.
I guess soon we will see where the top is for this move up (if this is bottom) and what kind of move down we will see after we find top (if this is not yet). 3 or 5 wave down.
Enjoy and good hunting.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3394
TP: 0.3669
SL: 0.3240
Bias: Long
It is by and large fitting to move toward speculation choices with alert and to think about various variables, including what is going on and risk resistance, prior to settling on any venture choices. It is likewise really smart to talk with a monetary expert or to direct your own examination and investigation prior to settling on any venture choices. The projections can be followed as an aide for transient open doors.
ADAUSDT LongTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3274
TP: 0.3554
SL: 0.3074
Bias: Long
Giving continuous or future estimates for monetary markets is troublesome. It is essential to take note of that monetary business sectors are exceptionally unique and dependent upon many variables that can influence their developments. Therefore, it is unimaginable to anticipate their future exhibition with sureness precisely. We have given our all to extend plausible course on the outline.
ADAUSDT ShortTime Frame: 4H
Symbol: ADAUSDT
Entry: 0.3331
TP: 0.3101
SL: 0.3514
Bias: Short
The ongoing value example of the crypto pair is meaning a change in perspective due to late cost vacillation. The investigation of ongoing help and opposition demonstrates that the course of value activity will keep our projected direction.