ShahzaibNaveed

ShahzaibNaveed

An almost perfect CADCHF bullish crab harmonic pattern is formed, the bullish divergence is a confluence of its bullish movement. This is a wait-and-watch scenario, the validation of this setup initiates after it tests the D point and breaks the 0.618 Fib level, in this case, a buy-stop setup.

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Gold is showing bullish signs with a confluence of a synchronized RSI oscillator trend. Levels have been marked. A good entry point would be breaking the 2369 level. From this point onwards I am projecting it to hit the 2500 mark.

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With a confluence of bullish divergence USDZAR is making a falling wedge pattern, that is highly likely to break-out a strong bullish move.

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Gold is testing its resistance with a bearish divergence and a continuous bullish ascending channel pattern.

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If it tests D point, the idea would be to open short position for CADJPY, there is no major confluence of any divergence. Let's wait and watch how it plays out

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For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. If you use the Fibonacci retracement tool on leg AB, the retracement BC should reach the 0.618 level. Next, the line CD should be the 1.272 Fibonacci extension of BC. Simple, right? All you have to do is...

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A reversal pattern and its conditions are being fulfilled. A bullish divergence can be spotted if the chart trend is compared to the RSI. The projection line is the distance between the falling wedges - the projection line shows the speculative profit zone.

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AUDNZD is showing a bullish harmonic pattern. These patterns play out well for reversals. A PRZ area forms after which a playout can be seen. It is complimented by Bullish Divergence and has a good chance to go up from here. With tight SL's Let's ride this

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A nice reversal pattern with a confluence of bullish divergence is symbolizing Bullish Signs for TSLA.

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Rising Wedges are a famous type of reversal pattern. A confluence of bearish divergence confirms trend reversal. BTC is expected to go down all the way and touch 23K. With positive sentiments, the setup is all ready for a short position on a weekly timeframe.

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EURCHF is displaying a Bearish Harmonic pattern 4-point price structure where one segment partially retraced and followed by an equal move from pullback C point retracement is 0.38, 0.50, 0.618, 0.707, 0.786, 0.886. BC projection 2.618, 2.0, 1.618, 1.41, 1.27, 1.13. Minimum AB = CD completion where each price leg is equivalent C point retracement can vary between...

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EURUSD is in a strong bearish pattern. A descending Channel continuation pattern is in place. No signs of a visible divergence. Fib Level 0.382 entry level and stop loss at Fib Level 1 is the trade setup

ShahzaibNaveed

Price action is bullish and some sideways oscillation will move the trend up. Getting out of the accumulation zone always helps to ride a trend when there are no visible signs of divergence.

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Keep it simple with Dow Theory when a series of higher highs and higher lows is printing. It's always good to get in with Fib Retracement. It is safe to say that we'll print news highs since there is no divergence.

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We're trading sideways, fundamentals direct us to a bearish position for now. But let's not miss out on a potential trade setup. I am confident with this setup. Place your stops, and let's ride!

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AUDUSD is forming a bearish flag on the 1D timeframe. All the levels are defined but continuation patterns are famous for riding.

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Trade Idea - Bullish Flag - Continuation Pattern - No Divergence - Buy Stop Triggered for confirmation of higher high TC - 1

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- Strong Bearish Candlestick Pattern - Market Sell Order Executed - Divergence not spotted - Pull SL's tight here TC - 3