Clear 4h 50 EMA & Ascending TL rejection to take lower, which intake was a perfect time when NFP came out to be the catalyst to move Gold up for a simple pullback on a 400-500 downside move, which was another great short entry for gold to take from 1524 to 1504 for 200 pips. Gold Rejected 1H 50 ema, silver aligned well with this too.
Possible pull down to 50%, monthly supp, TL for perfect pocket entry Long. If not, let's look out for a break above -27% & finish out the fib
This GBPCAD just shows again how the charts are ruled by fibonacci and how precise the new paradigm trading is. Every swing high and swing low today hit the Pitchforks to the pip with no drawdown at all. I love it and in combination with the harmonic scanner it makes it a lot easier. Doesnt even matter if there are economic news or not, move still starts and...
Here is a perfect example of a classic CD-X Pitchfork giving us a bounce of the lower parallel (LP) in combination with an INS (daily support&resistance) line, thus creating an energy point (EP) and increasing probabilities. The S/L (red diagonal line) as you can see gets smaller and smaller the more price moves on, one of many advantages of this strategy, and...
Two harmonic patterns with their complementary pitchforks :)
Two Pitchforks, one bearish one from the former harmonic pattern and the bullish one from the new harmonic pattern. Point D of the new harmonic pattern turned exactly on the median of the orange pitchfork to the pip. the last red circle is another to the pip touch at an energy point of the lower parallel and Camarilla lines, very powerful, got an 80% chance to go...