just seeing if this plays out....I think MMs will bring price up into the liquidation zone (the red box) to stop out people who have just shorted the previous high before dropping the price back down.
Just for me to look back on. Not trading advice!
Just for me to look back on in the future. NZDUSD has been in a downtrend and under the 200 ema for a while on the Daily chart , but on the 4hr it is above the 200 ema so i believe it will keep going up up and reject on the Daily 200 ema .
Just posting a possible scenario for myself to look back on. Since the Canadian dollar relies heavily on Oil, as economies start opening back up Oil should rise and the CAD should strengthen again.
I removed the fibonacci levels, but since this is currently a Cypher pattern(yellow), and most times you take profit from .382 to .618, it would stop at 1.17201 then start the BC leg of this Gartley(purple), which means the CD leg should stop around 1.18320. But it could also turn out to be a Crab(orange) and the CD leg should stop around 1.19. Ths is just a...
New to harmonics, this isn't trading advice, just me practicing and keeping a record!
Disclaimer: I'm new to Forex and Harmonics, mostly doing this to practice, but this could be a possible scenario. Not trading advice!
Disclaimer: I'm new to trading on Forex and new to Harmonic patterns, I'm only posting these for myself to practice really, so if I do something incorrect feel free to tell me!
Should have posted this a couple weeks ago but forgot to... this isn't trading advice, this is just for me to keep up with my predictions. I'm thinking there will be a drop to around $6250 to $6350 area, then back up to $6950 (Higher High) then back down to $5900 (lower high) to finish this bear trend and start a new bull trend. if it drops below $5750 I expect to...
just my short term thoughts not trading advice... I'm thinking down to low $400's then back up to $445 then back down past our previous lows of $360's
LTC might pump again to the low or mid 120's, but I'm going to sit this trade out because this zone is too risky, may go up may go down. I bought my last trade with an average price of $114.50 and sold at $120.50, so I'm looking to buy back in at $115 all the way down to $103.
ETH is surprisingly pretty steady at this price range, may actually be room for another pump but this zone is too risky for me, I'm waiting to see if it breaks $362.
BTC still struggling to stay afloat, but the support is very strong here. But looking at the past when BTC prices were this choppy and stagnant, a drop followed soon after... There's always a possibility of another pump but if it does go up I don't think it will get higher then 7k. Buy in Zone is still $6200 and below for me
We hit my target of $138, now it's time for another huge drop. RSI is 88 which is wayyyy overbought because people are FOMOing in. I'm thinking it's going to go back to around $116 to $120 again then to $103. If $103 breaks panic will set in and it will drop very fast. Good Luck, if you are feeling like you are coming down with a case of FOMO, just remember it's...
Dropped back down to $360 and then we hit our $420 target just now! RSI entered the overbought territory so I think soon we will drop back to around $385 before the next sell off to around $330 maybe a little lower.
BTC is struggling to break $7500 and stay above it, we may go up to $7800 still but I think this, along with ETH and LTC's pump today was just another exit Pump and dump before we go below $6500 again.
We met the target of $7250 and it looks like it is rejecting the 0.381 ($7480) fib line right now. I think we may start dropping again to around $7000 soon, then we may try retesting $7480, but I don't think we have enough fuel to start the next bullrun yet so most likely back down to the low $6000's