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NZDUSD Harmonic BAT Analysis and StrategyThis pair recently bounced off a major support zone and price action has recently broken below a major trend line trend line (yellow) as well. This trend line has become a support zone as well. We also see the formation of a harmonic Bat Pattern and we predict it will be completed. These are all bullish technicals and our strategy is to trade the 4th leg of the pattern. FX:NZDUSD
NZDJPY Weekly Technical Analysis and StrategyWe see price action consolidating into a falling wedge pattern, which is also a reversal patter. Price is at a crucial zone because it is at a major weekly support zone and also at the bottom of the wedge. Therefore, we are predicting a reversal from this zone.
EURAUD 1hr Harmonic BAT Analysis and StrategyWe are predicting that this harmonic bat pattern shown on the 1 hr chart will be completed. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets. FX:EURAUD
USDCHF Daily Harmonic But Analysis and StrategyWe are predicting the bearish Bat Pattern to complete as shown on the daily chart. Price action is showing a downward trend giving the pattern confirmation. We still have an open short position which we will close at the completion of the predicted pattern. FX:USDCHF
EURNZD Harmonic BAT Analysis and Strategy UpdateHere is an updated chart on showing the predicted bat pattern harmonic pattern on the 1 hr chart. Price action continues to move as predicted and a recent break of the yellow trend line has given our strategy confirmation. Although, We are looking to see if price action will retest the trend before reaching our target. FX:EURNZD
AUDUSD Multi Harmonic Pattern Analysis and StrategyWe see the formation of a harmonic bat pattern (purple) and the completion of an ab=cd pattern (blue) on the 4 hr chart. The completion of the ab=cd pattern signaled the end of the downward trend and the start of a move to the upside. Price action is now moving in a bat pattern and our strategy is to trade the 4th leg of the pattern. Price action has already stated confirming our bullish strategy.
USOIL Harmonic AB=CD Pattern Analysis and StrategyWe have resumed trading crude oil and in our most recent analysis we see the formation and completion a ab=cd harmonic pattern on the 4 hr chart. Price action has also reached a major support zone at the completion of this pattern. These bullish technical indications signaled us to take a long position; which has already started moving in our direction. TVC:USOIL
EURNZD 30 min Harmonic BAT Analysis and StrategyThis pair is currently trading at a major resistance zone and we are predicting the harmonic Bat Pattern will be completed. This is a bearish signal and our strategy is to trade the 4th leg of the pattern. Price action has already broken below the yellow trend line giving our strategy confirmation. FX:EURNZD
EURAUD Harmonic BAT Analysis and StrategyThis pair is currently trading at a major resistance zone and price action has recently broken below a major trend line trend line (yellow) as well. We also see the completion of a harmonic Bat Pattern. These are all bearish technicals which signals a move lower and is giving our short strategy validation. FX:EURAUD
AUDUSD Weekly Harmonic BAT Analysis and StrategyThis pair is currently trading at a major weekly support (blue zone) and is forming a Harmonic Bat Pattern. We are predicting the Harmonic Bat Pattern will be completed and we are looking for price action to move towards the upside from this point. FX:AUDUSD
AUDJPY Harmonic AB=CD Pattern Analysis and StrategyHere is an updated chart on showing the completion of an AB=CD harmonic pattern on the 4 hr chart. Price action has found support at the completion of the pattern (the blue zone). Price has reached a major weekly support zone as well (red zone) signaling a reversal to the upside, therefore our strategy is to trade the reversal. FX:AUDJPY
USDCHF 4 hr Harmonic Butterfly Analysis and StrategyLooking at the 4 hr chart we see the completion of the butterfly pattern. Again, butterfly patterns signal the end of a trend and in this case is a signal to the upside. Our current strategy is to watch price action and take a long position in the green zone.