EURNZD Harmonic ABCD Pattern Analysis and StrategyWe see the formation and completion of this harmonic pattern on the 1 hr chart. Price action has also reached a major support zone at the completion of this pattern. These technical indications signaled us to take a long position with take profit set on the green zones. FX:EURNZD
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EURUSD Harmonic BAT Analysis and StrategyWe are currently trading the 4th leg of possible bat that is forming on the 1 hr chart. We are predicting the Harmonic Bat Pattern will be completed as long as the yellow zone is not broken. Although price action has recently broke below the yellow trend line confirming the direction.
GBPCHF Multi Harmonic Pattern Analysis and Strategy We are currently shorting the pair and the strategy is to trade the 4th leg of Gartley pattern (yellow). We are also predicting a correction and that price will continue to fall to complete the 4th leg of the butterfly pattern (blue). This strategy is valid only if the yellow zone at the top is not broken. FX:GBPCHF
AUDCHF Harmonic Butterfly Analysis and StrategyWe see the formation of a butterfly pattern on the 4 hr chart which signaled us to take a position and trade the 4th leg of the pattern. The position has already moved as predicted and hit our first take (first green zone) and we are still targeting the second green zone where we set our second take profit @ .71699. FX:AUDCHF
EURNZD Harmonic Bat Analysis and StrategyWe see the completion of the bat pattern on the 1 hour chart. This completion of this harmonic pattern is a bullish signal. We currently have open long positions on this pair that are in loss, and one of these positions has a stop loss point at 1.6490. We are predicting a correction is expected from this zone and the position will not hit the stop at market opening. Although our strategy is to buy again if it does hit the stop because we predict a bullish move. OANDA:EURNZD
USDCAD Weekly Harmonic Gartley Pattern Analysis and StrategyWe are predicting the formation and completion of the Gartely pattern as seen on the weekly chart . We are short here at the start of the 4th leg of the formation which is also at a major resistance zone. Our intermediate to longer term take profits are on the blue zones. FX:USDCAD