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Harmonictraders

WILL WE SEE AUDUSD BREAK THIS VITAL SUPPORT?Pair: AUDUSD Timeframe: 4H, 1H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: Need a break of support, already seen a break of high volume level, we also need some strong bearish momentum ————— Level needed: need a close by 0.68500 ————— Trade: Short RISK:REWARD 1:7 SL: 21 TP: 146 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
USDJPY KEY LEVELS BREAK OUTPair: USDJPY Timeframe: 4H, 1D Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern ————— Key Takeaway: Need a big push up with alot of bullish momentum as we have already broken key levels of resistance and using them now as support ————— Level needed: need a close by 136.890(bullish) ————— Trade: Long RISK:REWARD 1:6 SL: 29 TP: 243 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Long
by TheGoldRoom
LEARN HARMONIC PATTERNS TRADING | ABCD PATTERN 🔰 Hey traders, Harmonic ABCD pattern is a classic reversal pattern. This pattern is composed of 3 main elements (based on wicks of the candles): 1️⃣ AB leg 2️⃣ BC leg 3️⃣ CD leg The pattern is considered to be bullish if AB leg is bearish. The pattern is considered to be bearish if AB leg is bullish. AB leg must be a strong movement without corrections within. A is its initial point and B is its completion point. BC leg is a correctional movement from B point after a completion of AB leg. The price may fluctuate within that. B is its initial point and C is its completion point. CD leg must be a strong movement without corrections within. C is its initial point and D is its completion point. ❗️ABCD movement is harmonic if the length and the time horizon of AB and CD legs are equal. By the length, I mean a price change from A to B point and from C to D point. By the time, I mean a time ranges of AB leg and CD leg. If the time and length of AB and CD legs are equal, the pattern is considered to be harmonic, and a reversal will be expected from D point at least to B point. 🛑If the pattern is bullish, stop loss must be placed below D point. 🛑If the pattern is bearish, stop loss is placed above D point. Initial target level is B point. Usually, after reaching a B point the market returns to a global trend. What pattern do you want to learn in the next post? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
10
AUDUSD HUGE SUPPORT LEVELS BREAK OR BOUNCE?Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, ascending triangle ————— Key Takeaway: Need to see a break of bottom pennant / support / high volume level / fib golden pocket ————— Level needed: need a close by 0.69000 ————— Trade: Short RISK:REWARD 1:13 SL: 20 TP: 250 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
2