Harmonicforex
EURJPY UPDATESince the recent bearish impulse to the downside from a daily perspective price has now provided us with a correction which is currently testing the 0.618 fib in confluence with daily supply, i am looking at capitalising on the continuation to the downside, waiting on the LTF for the market to sweep the current highs before we can look for one of our valid entry confirmations
CAD/CHF: UpdateCanadian Dollar/Swiss Franc continue to the upside as I saw and predicted it. Now, I put my break even in my entry price around $0.7502 CHF. Also, we're in profit with over 45 pips and my target it's around $0.7615 CHF
Also as we're in the upside, we would need to stay alert because we could to forming a harmonic pattern. In H4 timeframe
EURUSD > The Best Level for Sell..Analysis of #EURUSD
while the EURUSD continues down because of the impressive dollar strength we can expect this move to continue until FED's next rate decision.
Looking at the chart we have trend line resistance and structure resistance level near 1.07500 coincide which will make a good level to enter short trade if the rules for entry are met
we need to be patient and conservative in choosing our entry
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
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Long Gartley Pattern GBPNZD 4HGartley pattern formed this week and got triggered in this afternoon
Previous level of resistance likely to act as support before GBP moves higher.
Entry at: 1.92124
Stop loss at: 1.90807
Target 1 at: 1.93080
Target 2 at: 1.93728
Targets will be moved to account for extension of D leg
PRZ on GBPUSD. Possibility to buyThere could be a AB=CD pattern on gbpusd that coincides with 0.618 fibonacci retracement at Daily chart. I'm thinking of a buy at that price range, but frist I recommend to wait for candlesticks formation to enter. The AB=CD is 0.382 to 2.24/2.618 and as it is not the perfect 0.382 it's logical that it's between on these fibonacci ratios. The TP is on the previous support that was broken. Do you guys have any other ideas or more confirmation? Let me know on the comments.
As always, wait for candlesticks confirmation to buy when the price is on the zone.
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PRZ as Bat pattern on USDCAD to sellThere's a bat pattern on USDCAD. We sell and placed it because of bearish candle confirmation. TP on the first TP of the bat pattern. There's also an alternate AB=CD in which is the 0.782 retracement with the 1.618 projection. Do you guys have other ideas or any more confirmations? Let me know on the comments.
PRZ as AB=CD on AUDUSD to buyI decided to trade only because of the candles that it has given me at the exactly zone. We had an engulfing bullish candle. I recommend low risk as the time lenght was lower on the CD leg than the AB. Also this is going to be kind of a long trade that I'm expecting it to close the other week. What do you guys think?
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.27337
TP: 1.24278
SL: 1.29122
Bias: Short
For this instrument we can explicitly say that the trend is bearish as we do not see any short time recovery from the current situation. GBPUSD is under bearish pressure and it will continue as a lack of necessary stimulant to fight the dollar back.