GBPUSD is going back to 1.2500Hello dear all,
I think next week GBPUSD needs to rest to climb again. Therefore, moving to 1.2500 is essential...
Please do not trade based on my Analysis. Do your own research...
PRZ
H&S and potential reversal zone on APTI'll be watching APT over the next week to see if this correction takes place, opening up another possible buying opportunity. We are currently printing a head & shoulders w/ the projected price movement ending up between 61.8 and 78.6. Profits have already been taken from my previous trades, and I suggest anyone with skin in the game ensures they pay themselves.
EurAud Fliyng En un análisis macro "Weekly" el precio se encuentra descansando en una zona de posible reacción que se ha venido respetando desde el 2018.
En 4H podemos ver que está rompiendo una trendline bajista y encontramos una divergencia con MACD, lo cual nos da indicios de un posible rompimiento al alza de mínimo unos 500 pips.
Keep watching the BTC Trend lineHey guys , keep watching BTC ternd line. First Scenario :If the price breaks it on around 9000 usd and pulls back to continue its downward move we will go out of Flag zone toward the first Target in an Inverted Head & Shoulder pattern. Second one: If the price goes out of the Flag zone on top of the referred trend line, it will goes toward the first target price in an immediate process. By the way Big Rock is in front of us!
Fibonacci Talks on BTC Hey guys, looking to the Fibonacci lines you will find great points to make as your PRZ for entering the Market the most vital ones has highlighted in dotted RED lines for your reference. Good luck with your trades, BigRock is in front of us
USDCAD and wave 4 Looks like a complex 4th wave of truncated or failure impulse wave is completing .
There are two scenarios i have considered for complex correction that both of them show us a downward movement for usd/cad up to 1.37660 at least.
The main scenario is (zigzag - x - flat) that is shown on chart .
The second scenario that is less possible is a double-threes substitution (triangle as x that is shown between pale dotted lines) and 1.37660 can be the minimum target of triangle.
So we have 3 important levels near 1.37660 due to these scenarios :
1 : %100 fibo projection of wave a for wave c.
2 : 0.618 fibo retracement of extended wave (3).
3: Minimum target of triangle as x wave.
Is EURUSD Batman? (following up on: EURUSD Breaking Structure?)EURUSD busted market structure as predicted and has mirrored it's previous downward motion forming the batman signal. After a 100 pip gain from original order (placed a trailing stop at top and took off original TP) We are now looking for a retracement pattern either at the PRZ (price reversal zone) or if this is going to be a continuation pattern. Closing on the hourly should give a better look. If no confirmation... no trade!
USDJPY Buy to Sell Price actionIdentified a number of PRZ of interest
Overlapping Fibonacci Retracement and Extension levels
- Double Bottom at 106.8900 level
- Potential Flat correction at B Leg of ABC correction
- Signs of strong rejection at completion (100%) of AB=CD pattern of double bottom
- Looking to enter long at 50% retracement of AB=CD pattern
- Projected Target is 138.2% extension level of Double Bottom Flat correction
Sell Limit
- Entry at 138.2% extension level of Double Bottom Flat correction
- Projected Target is 70.7% retracement of major Impulse Wave; 100% Extension of AB=C Correction
Always Use proper risk management
BTCUSDT - 4H - Resistance Line & PRZ on 7000~7400We have strong resistance lines and PRZ on 7000~7400, If price break them can go up to 7800 and test Weekly resistance line otherwise can dump to AT LEAST 6500~6400.
Trade Ideas Positions: CADJPY ABCDA bullish ABCD setup near the important immediate support, if a break and close below the support traders can wait for the major support level before having your trade planned.
One of the two to happen for me to engage the trade.
1. touch the blue line but not closing below it;
2. touch the tip of the blue box also known as the PRZ(Potential Reversal Zone) and retrace back down to the candle body to engage the trade.
The decision of this trade will be shared with my subscribers
BTCUSDBTC has completed a 222 pattern. the prz has been tested and i would say if the current candle closes bullish might be a good spot to buy. Scott Carney Just posted a silimiar pattern which prompted me to look at it too just to see if i can see the patterns through his eye and this is what i found
Pound/ Dollar ***This is an online journal entry.***. As previous entries on my profile i am still learning how to be a Harmonic Trader. I am not a big fan of the crab patterns as they extend quite a bit past the XA leg. Originaly when i started trading patterns I admit i ignored the importance of the AB=CD. But, after reading the Books written by Scott Carney the back bone of all the patterns is the AB=CD. So, now I look for the AB=CD patterns first and then add the "X" leg after I caluculate the AB=CD pattern.
Here, we have a Deep Crab Pattern on GU. Today is Terminal Bar Day. So, Next week (around wednesday or thursday) if price starts to move sideways next week and does not blow through the PRZ then we have a nice trade.
As with most Harmonic Patterns the TP Targets are based off the CD leg and its the 382 and 50.
***CAUTION*** THIS IS A COUNTER TREND TRADE SO TARGETING A .382 IS TARGET 1 AND (STRICTLY PERSONAL PREFERENCE) 618 IS T2. BREAKEVEN IS WHEN PRICE TOUCHES THE 382.
BTC : can be 8530$ the main support ?Hi , Some wave counting changed (Price break 9200 , i mentioned in previous post)
market touch 8530 , it seems a good PRZ:
50% fibo (Blue) 6440 - 10490
88% fibo (Green) 8250 - 10490
161.8% fibo (Yellow) 1490 - 9350
Also price touch the uptrend (Blue)
8530 can be the end of wave 1 or the end of wave a
05/04-20: EURCHF updateAs expected, the butterfly went to the extended PCZ rather then the traditional PRZ
Expecting buyers to do their thing considering the strong support anticipated by a PCZ
Happy trading folks
#1: GOLDExpecting a strong rally up to complete the bat pattern at 1602.90 and anticipating a trend reversal from here
''SHORT THE BAT PRZ''
As soon as price touches the PRZ I will reverse positions and manage the trade according to plan.
I will let a fraction of the position run with the third profit objective being 161.8% plotted on the chart
Good luck to all looking to take a similar trade!
Don't SELL GBPAUD, for now!You may say: What a BS! isn't it a SHORT idea?! So what's with the title?!
If you're going to sell GBPAUD, please hold on. Take a deep breath and wait for the right moment to come.
When would it be? sorry you have to wait about two weeks. Remember you don't have to hold your breath! Just hold your trade! :)
There are two obvious reason for this: CRAB harmonic pattern and hitting top of the uptrend channel. You may also find some divergences around in some indicators such as MACD and RSI.
So you may want to sell the pair cautiously around 13 Feb/2.005 (As I always said my analysis is time bounded, means has Entry and TP for both PRICE and TIME)
The SL has shown on the chart.
Keep in mind that sentiment around the BREXIT and CORONA virus can push things different. So be sensitive about TIME. If price hit the ENTRY before 13 FEB, Forget this and go for other pairs. It's too dangerous!
Good luck with your trade.
Enjoy this trade and if you find this useful don't forget to hit the LIKE!!!
CHFJPY - potential resistanceSee that pink line up there? the one with the arrow pointing to it? that's a weekly resistance level. So stronger resistance will come from that. I think at that point we may start to see a sell. And if the market is stronger than that, well...
MU Bearish Bat PRZPattern invalidated if price rises above the X point so the stop is just above it.
BNBBTC Strong BullishBNB made Bullish reaction in Potential reversal Zone! We are going to our first target of Bullish Gartley Pattern! + In chart you can see Bullish BK Cross. Everything in this chart is bullish guys :) Buy it if you can. I wish you at least +30% profit ;)
