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Harmonictraders

GBPUSD ShortTime Frame: 4H Symbol: GBPUSD Entry: 1.13057 TP: 1.09444 SL: 1.15918 Bias: Short Current price pattern is in a tight range and the expectancy of the directional moves is mediocre. As we see the oscillations of price from support to resistance and resistance to support is dynamically drawn towards tighter ranges which may signify lack of interest from the prospective investors interests. However, we can project our trade plan as we have depicted in the pictures.
Short
by NationForexSignals
USDCHF ASCENDING TRIANGLE SETUPPair: USDCHF Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, ascending triangle pattern ————— Key Takeaway: Price has tested this level of resistance more than once now and we are seeing possibilities of price coming back through bearish. We have spotted a very strong trend line on the 4H chart that will act as support if this where the case as we could just see price bounce from where it is bullish ————— Level needed: need a close by — ————— Trade: Long RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
USDCAD RESISTANCE BREAKS Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, triple touch ————— Key Takeaway: Loads of strength for USD at the moment and we have seen that this pair has been consolidating for some time. We have seen weakness of CAD also last week so we are looking for long entries of this pair. We want to see a break of this strong level of resistance and a re-test to make sure we are not faking out before entering long ————— Level needed: need a close by 1.38360 (after restest) ————— Trade: LONG RISK:REWARD 1:4 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
How we predicted the S&P Crash 6 months agoOn April 23rd 2022, we posted this chart stating that the S&P would hit 3320 for a completion of a harmonic pattern. At that time S&P was at 4297 and today is it at 3585. How did we see this coming? 1) There was a massive reversal sign on the weekly timeframe showing that it had topped at 45xx. 2) The huge harmonic pattern setting up 3) Massive divergence on the weekly chart What is the call for the next 6 months? When you look at the chart, there is an imbalance between the move up (18 months) and the drop 8 months. This would mean there is more pain to come for those who still believe in stocks and this index will continue to drop and it may drop sharply. Here is what I would call. 1) S&P will continue to fall and find support at around 3255. 2) This will be a good place to buy but with a mindset of selling. 3) The price will bounce between 3255 and 3500 and then eventually break below. 4) April 2023 we will be around 2900 -3000. Until there is clear reversal signs on the Weekly chart, I will not call this market bullish which is likely to take another 12-18 months. Would love your thoughts and comments.
SP:SPXShort
by JD_TeenTrader
1
Bat Harmonic Pattern - Made Easy For EveryoneThe BAT pattern gets its name from the bat-shaped end product. Identified by Scott Carney in 2001, the BAT pattern is made up of precise elements that identify PRZs. The bat harmonic pattern follows different Fibonacci ratios. One of the major ways to differentiate it from a Cypher pattern is the B point which, if it doesn’t go above the 50 percent Fibonacci retracement of the XA leg then it is a bat, otherwise it can turn into a cypher structure. The market strategy of the pattern is suitable for all time frames and all markets types. Traders have to keep in mind that on lower time frames using the bat pattern market strategy has some challenges because the pattern tends to appear on less frequent on lower time frames. How to Draw a Bat Pattern : As mentioned earlier, the bat harmonic pattern looks very similar to the Gartley pattern. It has four different legs marked as X-A, A-B, B-C, and C-D. X-A: In its bullish version, the first leg appears when the price sharply increases from point X to point A. This is the longest leg of the pattern. A-B: The A-B leg then sees the price switching direction and retracing 38.2 to 50 percent using the Fibonacci retracement of the distance covered by the X-A leg. Have it in mind that the A-B leg can never retrace beyond point X. But if it does, the pattern is considered invalid. As you can see, if the price with a spike reaches a point under 50% but with the body above, this will be Valid. The candle Body's important. B-C: Here, the price changes direction for a second time and moves back up, retracing anything from 38.2 to 88.6 percent of the distance covered by the A-B leg. If it retraces up above the high of point A, the pattern is considered invalid.As you can see, if the price with a spike reaches a point above 88.6% but with the body is below, this will be Valid. The candle Body's important. C-D: This is the last and most significant aspect of the pattern. As with the Gartley pattern, this is where the bat harmonic pattern ends and traders place their long (buy) trade at point D. ( PRZ Potential Reversal Zone ) The 88.6% percent retracement of the X-A leg is our Entry Point. D POINT or PRZ Before trying and trading the pattern, confirm from this checklist that the pattern is real. It should include these vital elements: A-B : 38.2 to 50% max percent using the Fibonacci retracement B-C : An 38.2 to 88.6% max percent Fibonacci retracement of the X-A leg C-D : The 88.6% percent retracement of the X-A Market strategy: Step 1: Drawing the pattern Begin by clicking on the XABCD pattern indicator that is found on the right-hand side toolbar of Tradingview Identify the beginning point X, which can be any swing high or low point on the chart. You should get 4 points or 4 swings high/low points that join and form the harmonic bat pattern strategy as explained Above Step 2: Trading the pattern The 88.6 percent Fibonacci ratio provides traders a more reliable risk/reward ratio which is why the market strategy of the bat pattern is such a very popular as a market strategy. The best entry point is the 88.6 percent Fibonacci retracement which is a very accurate market turning point. It is recommended that traders should enter as soon as they touch the 88.6 percent figure. Oftentimes the harmonic bat pattern strategy doesn’t go much above this level. Step 3: Placing a stop-loss Usually, traders should place their protective stop-loss lower than the point X of a harmonic bat pattern. That is the only logical location to hide the stop-loss because any break below will automatically invalidate the pattern.We use as manual the 113% Fibo of X-A as a picture below. Step 4: Take-profits There can be several ways to manage your trades, but the best target for this pattern should be to use a multiple-take profit formula. For this pattern strategy, take the first partial profit once you hit wave-B level and the remaining half wave-C. Once the price reaches the first target you should move the Stop Loss at BE ( breakeven - entry point ) or close the position in profit. By doing this you will accomplish two things: first, you’ll ensure that you accumulate profits and secondly, if the markets reverse, you ensure you’re stopped at BE and don’t lose any money. There are many ways to calculate the Take profits Target, this is one of the most used and we suggest starting in this way. Identical rules to draw and set parameters like stop loss and take profits are for the Bearish version. Nothing changed. Please note this is an introduction to the BAT pattern, for beginners. I tried to make it more easy and simple as I can.
BITSTAMP:BTCUSDEducation
by FOREXN1
20
NZDUSD PENNANT BREAKPair: NZDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, support break, retest, pennant pattern break ————— Key Takeaway: We have seen price break the pennant pattern to the downside and a bounce off of resistance trend line, we have entered short and are aiming for the next major swing low ————— Level needed: need a close by 0.56670 ————— Trade: SHORT RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
1
AUDUSD CONTINUATION TREND CHANNEL TRADE Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance,trend channel, consolidation period ————— Key Takeaway: Price has been ranging in consolidation for some time in this downward trend channel and it about time we see some bearish movement. We are waiting for a bounce off high volume level, top of trend channel and resistance before we enter short as there is still a bit of bullish steam that we need to wait to finish ————— Level needed: need a close by 0.64780 ————— Trade: short RISK:REWARD 1:6 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
GBPUSD ShortTime Frame: 4H Symbol: GBPUSD Entry: 1.05663 TP: 1.02108 SL: 1.08631 Bias: Short Today we do not see any promise of significant price movement. The current price context reveals some mediocre buying and selling opportunities across various instruments. Our goal is to go for our plotted projections while trading respective currency pairs. The most important thing is money management . If we can properly handle the position ,any bias can be turned into positive outcome. Our projection is guided by short and long term technical and fundamental analysis.
Short
by NationForexSignals
📉✌BTC 3OMin Short Position✌📈BINANCE:BTCUSDT COINBASE:BTCUSD Hi traders, first take a look at my previous analysis and positions. 💥Three Drive pattern💥 between now and the yellow area, you can open a short position in two or three steps. If the price falls and reaches the TP1 level, you can risk-free the position. TP1-2-3 are on the chart. The optimum stop-loss is above the determined area. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
3
📉✌ETH 3OMin Short Position✌📈BINANCE:ETHUSDT COINBASE:ETHUSD Hi traders, first take a look at my previous analysis and positions. 💥Three drive pattern💥 from now, while now and in the range of the yellow area, you can open a short position in two or three steps. If the price falls and reaches the TP1 level, you can risk-free the position. TP1-2-3 are on the chart. The optimum stop-loss is above the determined lines. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Short
by CrazyS
7
GBPUSD ShortTime Frame: 4H Symbol: GBPUSD Entry: 1.07962 TP: 1.05393 SL: 1.10451 Bias: Short The current price action that we see from this instrument is showing a selling bias. The macro and micro trends and their studies have shown that the pair has a deep inclination for trending downward if we consider the recent price context. Our studies of different time frames and different types of support and resistance studies also signify a major inclination towards selling side. That is why we have decided to choose our current set up.
Short
by NationForexSignals
GBPUSD ShortTime Frame: 4H Symbol: GBPUSD Entry: 1.08355 TP: 1.05201 SL: 1.10157 Bias: Short The strength of dollar is remarkable . The stand of dollar against all other currencies is already established as a major driver of price difference. If we consider the current price context, the dollar related pairs will drop significantly as opposed to the strength of dollar. The most critical bias factor for price patterns in different pairs is the strength or position of dollar itself.
Short
by NationForexSignals
Long for Maximum 40 pointsHello Traders, I was trying to analyze this stock. Actually i need to share it when the "Bat Pattern" completed but i miss the point. It already achieved Level 'B' . So we are expecting it will going upside till the Final Target. Whatever Target i mention here it on the basis of Fibonacci , Trend-lines , an Harmonic. Stop loss at 100 1st Target -->130 2nd Target -->140 Final Target -->150 I hope my prediction will get success...... Regard ChandR
NSE:TATASTEELLong
by practicalStar12288
3
USDJPY ON THE RISE AS ITS ATTEMPT TO LIGHTEN CURRENCY FAILEDPair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, fakeout? ————— Key Takeaway: Seen a break of trend line last week but you have to remember this was only due to JPY's attempt in aiding the currency, the bearish spike did not last long and is already back on the rise. Looking for breaks of high volume and resistance before we enter ————— Level needed: need a close by — ————— Trade: LONG RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
1