Bearish Shark Pattern (USDSGD)Beautiful formation of shark pattern respecting 0.886% of XC and
2.24% of BC. Entry is perfect as it forms an inverted hammer at Daily TF.
TP 1 and TP 2 are setup @0.38% and @ 50% of CD respectively. It will then
follow a 5-0 pattern opening a bullish entry at the 50% fib level.
Harmonicforex
CADJPY POTENTIAL DOWNTRENDPair: CADJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, consolidation
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Key Takeaway: Looking for breaks of this consolidation period, we have breached this level of support numerous times and we need to see a close below. looking to take profits on trend line suppot
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Level needed: need a close by 109.375
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Trade: Short
RISK:REWARD 1:7
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADCHF PENNANT BREAKOUT?Pair: CADCHF
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern
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Key Takeaway: If we close below this support level of pennant we will look for short entry, we have also already broken high volume level, if we start seeing bullish momentum against this level then we are seeing a bounce and will look for long entry
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Level needed: need a close by —
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Trade: Neutral
RISK:REWARD 1:4
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURUSD > Possible Continuation to The Downside!!Analysis of #EURUSD
The EURUSD today reached 20 year low, as you can see on the chart, we have broken below end line support, which might indicate more downside.
but here is how I look at it, and please read it twice:
1- the US market today is closed for labor day
2- we have an ECB Press conference this Thursday
3- we have FED chair Powell speak this Thursday
so for me, there is no momentum right now behind this break, and yes it might keep going down, but for me, I am staying out for now.
Please support me by boosting this idea so it can get to more and more traders
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AUDNZD BREAKOUT SETUPPair: AUDNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel
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Key Takeaway: We are approaching very significant level of support which has been broken previously, due to the strength of NZD it is likely to bring the pair down through it, we need to wait for a close below these levels before we enter
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Level needed: need a close by 1.11266
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Trade: Short
RISK:REWARD 1:8
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BTC BOTTOM at 11,250Bullish shark harmonic pattern, with an AB=CD x 1.618 inside the ABCD leg of the Bullish shark.
The Bullish shark points to 0.886 fib of COVID crash to top (69k) which is 11,250.
The AB=CD x 1.618 of the ABCD legs is also 11,250.
Sorry guys, it aint going any lower than that :))
TP1 = 40k
TP2 = 46.9k
TP3 = 104k
If 47k breaks, i would look to LONG to 104k.