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PRZ

Bearish Bat near Completion NUEven though it formed a double bottom from at points A and C, if you drag your fib from A to B the candles closed just over .886 which validated this bearish bat pattern. Looking for a push up between .7230-.7245 before taking a sell. First TP would be 38.2% retracement, Second TP would be at the 68.1% . Extra confirmation 1. Testing a daily resistance point at .7225 2. Divergence from X to D on a 4h chart 3. Supply Zone from .7260-7230 Would Love some feedback & thank you guys Good luck trading
Short
by tonio9311
GBPJPY: Key Levels To ShortHey Traders! Here are a few levels to look for to short this pair. The first level I'll be looking for is break out of the rising wedge. A close below the bottom of the wedge will likely mean further price action toward the target zone. If no breakout occurs, I'll be looking for rejection at the Gartley PRZ, then the deep crab if the bullish pullback is strong enough. In the target zone, there's a missed dialy pivot, weekly pivot, and the weekend gap which typically pulls price toward Friday's close. In the longer term, the weekly missed pivot and the 50% fib zone is a great area to look for another rejection. Happy Trading!
Short
by glennmercer
NZDCAD Short: Bat + Gartley + 2 Channels + Larger TF TriangleNZDCAD is forming a tight PRZ at which two potential harmonic patterns are tightly confluent. This area is also confluent with point 5 in an ascending channel and potential point 4 of a descending channel. Also, an AB=CD pattern, inherent to the completion of Gartley's, is confluent in this same area. On the higher TF, this move could mark the continuation down from the rebound at point E of the expanding triangle. Since there has already been a 50% retrace from point E, there is a potential to ride this move down to the completion of a bullish bat pattern which is where I've placed the target. Confluence in the PRZ: Bearish butterfly completion Bearish Gartley completion AB=CD Ascending channel resistance Descending channel resistance Larger TF expanding triangle Larger TF potential bullish bat Remember to assess your risk and be mindful of news events. The RBZ rate statement will be announced in under an hour!
Short
by glennmercer
Couple of Potential Short Opportunities on EURUSDThe first chance is a simple test of previous support, turned resistance, target recent major support. The second chance shown here may take a while to develop. It's an harmonic pattern called "Deep Crab", a counter-trend pattern that gives a "potential reversal zone" (PRZ), within which we look to take the counter-trade when price action favors the direction of that trade, while trading inside of the PRZ. Stops set above major supports. Targets shown on the chart (three in total).
Short
by JamesBrown
BULLISH BUTTERFLY FINISHING ON 1H EURAUDA nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support being currently tested is a nice target to test as a resistance once the pattern finishes. Watch the price action near the PRZ to make entry as well as the RSI to suggest oversold and long entry.
Long
by Carlos_LL