HOP
EURUSD-Weekly Market Analysis-Apr20,Wk1The bearish butterfly pattern setup signals a potential retracement on EURUSD. The candle did go past the HOP level, but right now the Arrow indicator has shown up with an RSI Divergence(red line).
Traders can wait for a break and close below the HOP level(without touching target 1) and retrace back to 1.1132 for a potential shorting opportunity.
EURUSD-Weekly Market Analysis-Mar20,Wk4With coronavirus pandemic, it has caused great damage to Europe, thus causing one of the greatest depreciation that we have lived to witness.
Right now, the market double bottomed with RSI Divergence on EURUSD at the HOP level. It might be a great opportunity for bold countertrend trade to head in for a shot.
Trade Ideas Position: GBPUSD CrabA bullish deep crab pattern setup and went into consolidation after the HOP level.
Would you see this as a fail deep crab?
The deep crab pattern is still valid, watch closely.
The HSI arrow shows a potential entry for a check back, no doubt the candle has a lower price, but it didn't break and close below the candle that has HSI candle.
Trade Ideas Position: NZDJPY BatAfter a massive drop of NZDJPY, a bullish bat pattern is a form as a counter-trend trade. On the little blue box is the area that I see as a demand zone. I'm waiting for the retest of the low before considering engaging the trade. A trade from the daily chart may take up to 2weeks to hit the final target profit area.
If the market travel to the HOP(Harmonic Optimal Price) level, the setup will still be valid.