Harmonictraders
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25066
TP: 1.21885
SL: 1.27297
Bias: Short
This instrument is showing a short bias and we have detected a medium probability short opportunity. Due to low volatility and poor price movement, the signal is not strong but our bias is short after a technical review and we plan to go short because of that.
Banknifty technical analysis.BANKNIFTY
In banknifty by auto harmonic pattern we can see that if market break the resistance as u can see above. The market may retrace from target 1 and if target 1 also break then we can see a downward movement till target 2
Our mentioned targets are:. ( Which I got from auto harmonic pattern )
When banknifty below 35720
BUY PE Target 1 -. 35285
Target 2 - 34870
And. If banknifty breaks 36080 level then
BUY CE. with target 36695
CHZUSDT Short Position - Anti GartleyCHZUSDT Short Position - Anti Gartley Harmonic Bearish Pattern.
Entry: 0.13504
SL: 0.13984
TP on first Target then move SL to entry to avoid loss.
BTC also looks like to bounce down from 31500 to 30k. If BTC didn't bounce and continued to go up then this setup will be ruined.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The pond and greenback is not in a perfect bond now. They are not in any fierce opposition. One is respecting other and keeping themselves aloof in quietness. There is no strong surge to overrule any directional bias and therefore we do not see any signals now.
2 reasons to sell EURGBP nowEURGBP is on the uptrend so this is a countertrend trade. There are some good reasons for taking this.
1) There are 2 harmonic patterns to sell.
2) There is a weekly high from last week at 0.8588
3) H4, H1, M30, M15 is all overbought
4) RSI divergence in M30 and M15.
Stop loss is just 30 pips. Let's go!