XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1768.755
TP: 1747.622
SL: 1788.126
Bias: Short
The obvious trend here is bearish. We expect a sell position from the current price projection.
Harmonictraders
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96169
TP: 0.95028
SL: 0.97025
Bias: Short
The current price pattern of this pair is showing a bearish propensity and the oscillations and momentum is also in bearish direction. So we go for a sell trade.
Follow the trend with CADCHFThe CADCHF has a nice downtrend in H4 and D1.
It has also created a pattern to sell at the current price.
Weakness seen in H1, M30 and M15.
Hoping for a big drop on this pair.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We are neutral for this instrument. We do not see any directional bias for the time being.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.22349
TP: 1.23542
SL: 1.21414
Bias: Long
The current price pattern of this pair is bullish and we can anticipate a long trade from the current price context.
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.02509
TP: 1.01187
SL: 1.03390
Bias: Short
The current price pattern for this pair is bearish and the overall sentiment is also bearish so we can expect a sell position.
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
We do not have any bis for this pair. We stay neutral for the time being.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.95290
TP: 0.93959
SL: 0.96125
Bias: Short
The current trend for this pair is bearish and we can go for a short opportunity.
A chance to sell EURNZD at 1.628This pair is on the downtrend.
It has made a nice pattern and now waiting for the reversal signs to complete.
M30 and M15 are overbought.
Divergence showing and if all is good, we will sell in 1 hour.
EURCHF Daily Bullish Lobster SetupMonitoring a potential Lobster XABCD pattern developing on the EURCHF. In heavily oversold territory, but sentiment still favors bears over bulls. Will need to see a definitive break above the downward trendline.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
The price pattern of this instrument is demonstrating a neutral bias. We do not see any strong evidence of directional bias here.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.22399
TP: 1.21174
SL: 1.23244
Bias: Short
Our bias for this instrument is short. As we see the bearish momentum is stronger than bullish one .We think running a short position is more justified.
EURUSD NeutralTime Frame: 4H
Symbol: EURUSD
Bias: Neutral
We do not have any short or long bias for this pair. We need to watch over the price story of this instrument.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1778.058
TP: 1743.675
SL: 1805.073
Bias: Short
We plan a short trade from the current price context. The short term trend of the pair is showing an inherent weakness which paves a way for shorting.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.95118
TP: 0.93756
SL: 0.95942
Bias: Short
This pair is trending short as we see the overall price action pattern is slowly showing a sort of price drop. So our bias is bearish as history repeats itself.
Anand Rathi Wealth Ltd Getting ready for a breakoutCurrently trading at 653.90
Prices consolidating above 600 levels since April 2022.
Sustaining 600 levels, it could move towards 700 to 800 levels in the coming months.
BTCUSDTHello, I hope we have a good trading week.
In the weekly time frame, we took a different look at Bitcoin... Isn't it interesting!?!?
In terms of price action, we should return to the $63,000 price range once again, do you think we will have this return before seeing the $16,000 price range!?!?
Two patterns are formed together. We have a risk to reward of 1 to 7, it seems worthwhile.
We would be happy to hear your comments
matic bull flag + H&Smatic broke the bull flag after a massive run from the neckline of the head and shoulders if we clear this resistance here we can easily see 1.17
Scenario 2 (Bullish Shark) 19.5k OR 18.3kBullish Shark pattern target is matching the numbers - it says 19.5k for the 0.886 fib, or 18.3k for the 1.618 fib. Either one can happen.
The 1.113 fib has confirmed our top for BTC at X-B (it head dead on)
I have changed my LONG to order at 18.3k, with the same LONG TP as in the "Link to Related Ideas" chart I posted yesturday.
The thing that convinces me is the 1.113 of OX is the exact same point as the 1.618 of AB, that is 18.3k.
Therefore, I am leaning more towards 18.3k.
18.3k would also make a lot of Bears think its going much lower (bear flag fakeout).
-----------------
Bullish Shark rules:
The Shark pattern has the following ratios.
CONFIRMED - AB leg extends OX leg between 113% – 161.8% (because of this, 26.5k is also kind of possible but not likely now, whales just pushed price up to form this harmonic and then BARTed it.)
CONFIRMED - BC leg extends beyond O by 113% of the OX leg
LETS SEE - BC leg is also an extension of AX by 161.8% – 224%
Unlike other harmonic patterns, the trades are entered as follows:
Entry is at 88.6% of OX leg (19.5k) with stops coming in below point C (18.3k or 19.5k, so lets say 18.1k)
Targets can be 61.8% of BC (This would be around 22,222 if 1.618 reaches and 22.7k if only the 0.886 reaches)
Time for the YEN to strengthen? 🤔The CADJPY pair seems to be ending a previous bullish trend to have a correction that would lead to a strengthening of the YAN and as expected, a weak CAD. It can be a swing trade if the analysis is given as expected.
Long on Gold AB=CD patternGold has formed a AB=CD pattern on Weekly timeframe
First Target - 1730
Second target - 1760
Third Target 1780
Stop loss- 1680
PS : Please trade considering your financial risks.
NATURAL GAS - BAT PATTERN IN MAKINGNATURAL GAS is printing a bullish bat pattern. It is still in early stage as point C has defined its place. Pattern will complete at point D which is projected at 4.
The price has already been rejected at the key resistance on the daily chart, and RSI is headed downwards. There has also been a continuous decrease in volume from the first time the price tested the key resistance.
This may confirm that the price doesn’t have enough momentum to break through the resistance and is now set for a correction. There are a lot of contributing factors pointing to a bearish scenario for natural gas. Although the price might be bearish, watch out for relief pumps, especially on the support levels.
What do you think of the idea?
A chance to short GBPUSD The USD has been weakening significantly and there is a chance now to buy it.
We are choosing GBPUSD to sell at 1.2175 with a 40 pip stop loss.
It is overbought on H1, M30, M15.
The H4 trend is up, so we will look to take money quickly with maybe a 40 - 70 pip profit.
