PRZ
Potential EURJPY Short PositionThis is a potential EURJPY short idea. Third touch of descendent trend line, completing the final wave of the A,B,C,D,E Elliott's wave formation. We have a cross of trend lines, the support trend line hasn't been retested as resistance yet. We have a 61% fib level in a PRZ (Price Reversal Zone) which indicates a strong level. the fact that price is also on a whole figure being the 126.000 level gives us that final confirmation of final downward movement.
EURUSD (1H) - potential reversalI'm no expert on harmonic patterns but this looks probably right. As usual I predict nothing. This could be about to reverse on this time frame. If it does - how far south is the other problem. :)
EURJPY (4H) - tensionThere is some tension seen on EURJPY 4h time frame. I estimate probability for the south. Of course, there is another probability for the north.
I'm already short on a live account. This is not a recommendation.
EUR/CAD: Bearish BUTTERFLY and BAT PATTERNS on the go.The Bearish Butterfly Pattern is already completed, but the price seems to hold an uptrend (take a look at the MACD Indicator!)
In case when the Butterfly does not create any effect, we can wait for the completion of the Bearish Bat Pattern.
In this case, I'm inclined to do the second thing because my Strategy does not let me trade any Butterfly Pattern.
By the way, the effects of these two pattern are supported by the Yellow Areas, which are Resistance Areas that coincide with the completion of the Patterns.
Let's wait, this is an interesting situation of non-structured chart, which is the most profitable situation for Harmonic Patterns!
Cheers, Edoardo Enrico.
GBPUSD - Wait for 1'st Bearish Potential Reversal ZoneWait for 1'st Bearish Potential Reversal Zone or 2'nd Bearish Potential Reversal Zone .
Pair / Instrument: GBPUSD
Trade Period: Intraday Trading
Time Frame: H1
The trend in the Timeframe: Bullish
Trade Based On: The Bearish Gartley Pattern at 1'st Bearish Potential Reversal Zone or The Bearish Crab Pattern at 2'st Bearish Potential Reversal Zone.
If 1'st Bearish Potential Reversal Zone
Trade: Short
The Area Of The Entry: 1.310 – 1.3135
Stop Loss: 1.3175
Target 1: 1.3017
Target 2: 1.2944
Target 3: 1.289
if it fails
If 2'nd Bearish Potential Reversal Zone
Trade: Short
The Area Of The Entry: 1.326 – 1.332
Stop Loss: 1.3449
Target 1: 1.3131
Target 2: 1.3015
Target 3: 1.293
PIVX at the PRZ of a bullish crab... is it FINALLY time to go?!I've been HODLing the whole way down, but the bullish bat on PIVX's binance chart was technically invalidated almost 24 hours ago. Still HODLing for dear life...
I'll follow up with a better chart including targets beyond points A, B, and C in the future if this one plays out well.
XAUUSD (Gold) Bullish Reversal IdeaPrice has formed a PRZ below the 1181.64. Target 1 1214.12. I will update and add Target 2 depending in the P.A at Target 1.
Eurusd wave C is starting ******don't miss this potenial wave C As you can see in my previous idea. Exactly in selected PRZ wave C is started.
and STD cluster for C is 1.200000 zone
and first resistant for this wave is at the top of parallel Chanel
FX:EURUSD
Daily Chart-EURUSD Potential Bullish Cypher Pattern FormingFX:EURUSD
If current support level doesn't hold. We could see potential move to point D to complete the Bullish Cypher Pattern.
Enter Long at Point D : 1.13950
TP1: 1.15547
TP2: 1.16533
SL: 1.13000
AUDJPY Pending SELL order - Retest Structure (Cypher)AUDJPY pair has formed a BEARISH CYPHER pattern on Daily.
The PRZ point in the pattern could be a retest before a further decrease in price!!!!
Trading setup on the chart.
Good luck!!!!!!!
NZDJPY Potential Bullish BATThere is a nice bat pattern forming on this pair. I will be looking for an entry reason if price reaches the potential reversal zone (PRZ)
Japan 225 possibly in a reversal zoneIn this screencast I'm looking both at the daily and 4H time frames on the JP225USD.
The daily is into a potential reversal zone based on my methodology.
The 4H is probably into a PRZ based on an ABCD pattern.
Stay lively - stalk carefully. :))
CHF/JPY Swing Trade - PRZ Potential 300+ pip trade!!With CHF/JPY coming near fresh yearly highs after such a strong multi week push, its do for a reversal at the 118-119 zone. For the pattern traders we can see CHF/JPY presenting a huge ascending triangle for bullish long term momentum, in the mean time im looking to go short in expectations of price going back into consolidation. . If you take the time to zoom in we can see Friday close offered us a hammer/pin bar candle! Next expected support as far as i see is around 115-115.50, which lines up with uptrend support and the 61.8 golden Fib Reversal zone. This coming week (2/5/18) I will be watching the H1-H4 time frames like a hawk for signs for fake out/reversal in the 118.50-119 area, stop loss 15-20 pips above 119. I will be posting an update on this chart when it comes time to take profit and go long. Always remember.. big swings=low lots!
Happy Trading!
BTC - Possible Reversal PointBitcoin has reached a critical point where it can make a bigger correction or move back up.
Confluences:
• Price has reached a level where it has completed an ab=cd pattern;
• 3-touch trendline confluence;
• Bullish divergence on multiple timeframes.
If the tides turn: Target 1: 23.000$
Target 2: 32000$
If we break below 8.7k, than hold tight.
- Nepjipmoktusem -
$BAT Move soon
approaching end of pattern
Waiting on price to retrace back to 50 EMA for long entry
orange boxes are possible reversal zones
green bars are support
burgundy horizontals are order blocks
Silver XAGUSD Long/Short set upsWe have two Harmonic patterns in the bothe sides of the market which can take advantage of. targets and stop losses calculated accordingly and mus be followed.
the way of trading is putting limit in each place with targeted price and stop loss. once a trade activated, the other one will be invalid.. happy trading.
always secure you profits
DXY Potential Reversal ZoneDXY Daily,
a bigger Bearish in this week, now the price in the key of daily support.,
my thinking is, we could see a pullback in this key, before potentially see a further down side move.
letsee if price respects this key level.
CADCHF - Price rejected from potential reversal zonePrice has been rejected from potential reversal zone. Key levels on chart in case of bearish trend continuation.
GOLD Harmonic Pattern in 4H Time frame. GOLD 4H Gartley Pattern for Buy Set up
1265 has shown good support and now price
start to rally.
GOLD / XAUUSD / GC1! Down Trend line
1.
Down Trend line
2.
Corrective wave
Elliott Wave 5
3.
Bullish Harmonic pattern PRZ
4.
Area Support
FX:XAUUSD COMEX:GC1!
GBPCHF - Right at the PRZ! Be Patient.Hey guys, keep an eye on GBPCHF.
Price has fully tested the PRZ betwen 1.2592 to 1.2605
Pattern Identification
Bearish Bat completes at 1.2605.
Trade Execution
Price has bounced away from the PRZ on the H4 chart.
However, I note that the RSI OB zone has not been tested.
I will be patient and wait for a final retest of the RSI before executing my shorts.
It might spill over a little higher than 1.2605 and that is perfectly normal.
If price just falls from current level, I will miss this trade.
EP: 1.2605
SL: 1.2690 (85)
TP1: 1.2460 (165)
TP2: 1.2370 (235)
