$GSAT | Bearish Butterfly HarmonicGSAT has formed a bearish butterfly harmonic -> going short here
Highly likely it will go to 618 retracement -> ~40-50% downside
Harmonictraders
Bearish Shark Pattern (USDCHF)Beautiful formation of shark pattern respecting 0.886% of XC and
2.24% of BC. Entry is perfect as it forms an inverted hammer at Daily TF.
TP 1 and TP 2 are setup @0.38% and @ 50% of CD respectively. It will then
follow a 5-0 pattern opening a bullish entry at the 50% fib level.
Bullish Shark Pattern (NZDUSD)The Shark pattern is a distinct 5-point reversal structure discovered by Scott Carney in 2011. It is a retracement of 113.0% — 161.8% before reversing to the other side. The retracement of the reversal should be 161.8% and 113.0% from the beginning of the pattern.
Bearish Shark Pattern (USDSGD)Beautiful formation of shark pattern respecting 0.886% of XC and
2.24% of BC. Entry is perfect as it forms an inverted hammer at Daily TF.
TP 1 and TP 2 are setup @0.38% and @ 50% of CD respectively. It will then
follow a 5-0 pattern opening a bullish entry at the 50% fib level.
Beat the BATS - Harmonic Bat PatternsHi Traders, Investors and Speculators 📉📈
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. Daytime job - Math Teacher. 👩🏫
In today's analysis, we'll look at a different way to speculate the next immediate price action of an asset : the Harmonic Bat Patterns. There is a really cool tool on the platform that you can use called the Cypher Pattern, you can find this in your drawing toolbar, 5th from the top under the T for text. It helps you plot the points and identifies the correct distance for you clearly. I'm using it HERE :
From the chart, you can clearly see the bullish and the bearish bat example. If you move your mouse over the grey anchors, you will find the values that the distances between two points need to be. Spotting these patterns are extremely difficult and it takes a trained eye to spot them on a chart. However, if you're lucky enough to spot one, you have a clear trading setup with a high probability of win rate. NOTE that even though there are similarities, these are not the same as W-bottom patterns or M-patterns.
I hope you enjoyed and found value in this educational post today!
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CryptoCheck
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not have any directional bias for this instrument . We stay neutral.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.15652
TP: 1.13654
SL: 1.16913
Bias: Short
The bias is set to bearish for this pair as we see the price drive is constantly dropping and the bearish pressure is always prevalent.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.00288
TP: 0.99007
SL: 1.01212
Bias: Short
For this pair our bias is short. We are looking for a selling opportunity from the current context.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1727.037
TP: 1690.566
SL: 1755.560
Bias: Short
The price action of this pair is smoothly going downwards creating an ambience for shorting the market.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.97123
TP: 0.98516
SL: 0.96152
Bias: Long
The current price direction is geared towards up and we are to search for a bullish trade set up.
CADCHF PENNANT BREAKOUT?Pair: CADCHF
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: If we close below this support level of pennant we will look for short entry, we have also already broken high volume level, if we start seeing bullish momentum against this level then we are seeing a bounce and will look for long entry
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Level needed: need a close by —
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Trade: Neutral
RISK:REWARD 1:4
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BTCUSDT - Short Idea Over the Next WeekHi all,
This is my first post so please take it easy on me!
Here's a very rough idea of what I think may play out over the next few days. Share your thoughts and let me know if you have any ideas on how I can improve my TA/Harmonic usage!
I believe the recent bullishness in BTC is a fakeout/relief due to yesterday's drop. I'm looking to short BTC once we hit the 19400-19800 range and expect it to fall to the 17300 - 17900 area.
Good luck! Also, this is not financial advice, it's my first chart. lol.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.006912
TP: 0.006701
SL: 0.007053
Bias: Short
We are searching after a short opportunity though the price action suggests a mediocre opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.14354
TP: 1.12141
SL: 1.15477
Bias: Short
We plan a selling opportunity for this pair. Our goal is to go for a short position considering the price structure.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 0.98823
TP: 0.97398
SL: 0.99949
Bias: Short
The trading bias for this pair is short and our goal is to find out a suitable short opportunity.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.98668
TP: 1.00285
SL: 0.97710
Bias: Long
Considering the current situation and overall price action our bias is long.
ACCHello and welcome to this analysis
ACC in weekly time frame has activated a Bullish Harmonic Seahorse.
It can rally till 2800 in the medium term with a stop loss at 2150.
Not for short term derivatives.
JPYUSD ShortTime Frame: 4H
Symbol: JPYUSD
Entry: 0.007012
TP: 0.006882
SL: 0.007127
Bias: Short
An obvious trend for this is bearish and our goal is to go after the current bearish drive.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.15815
TP: 1.13829
SL: 1.17142
Bias: Short
The current price pattern is demonstrating a bearish opportunity and we can expect a sell trade from the current price projection.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 0.99568
TP: 0.98142
SL: 1.00979
Bias: Short
The current scope for momentum drive is meagre but the overall bias is short and therefore we head towards a sell trade.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.98296
TP: 0.99928
SL: 0.97131
Bias: Long
The current price oscillations and the bias show a bullish trajectory . So we may run after a long trade.
AUDNZD BREAKOUT SETUPPair: AUDNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel
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Key Takeaway: We are approaching very significant level of support which has been broken previously, due to the strength of NZD it is likely to bring the pair down through it, we need to wait for a close below these levels before we enter
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Level needed: need a close by 1.11266
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Trade: Short
RISK:REWARD 1:8
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Lots of bullish arguments happening on the 4 hour chartAfter the bullish run we are not having what seems to be a bullish consolidation happening on the 4 hour. First we have the bull pennant formed. The supply line of that said bull pennant just so happens to be the breakout line of a bullish dragon. When ever dragons appear you more than likely will find a harmonic pattern. In the case of Luna Classic we have a gartley harmonic pattern showing if the dragon and bull pennant breaks to the upside. Also we have a bearish 3 line strike that just appeared on the last candle close. For those that don't know the 3 line strike pattern is a reversal pattern, so a bearish one actually means its going to be a bullish reversal. The RSI and MACD are both showing hidden bullish divergence. Which calls for a continuation to the upside.
