EURNZD is on Bearish trend and seems to continue. Harmonic's AB=CD pattern shows the potential reversal zone. No Divergence on RSI on 1Hr and 4Hr chart.
Hello Awesome Traders! I trust you're having a fantastic trading week so far. Let's dive into an exciting opportunity presented by GBPUSD on its 1-hour chart. This setup is worth exploring as it offers potential for profitable trades. GBPUSD has formed a double bottom pattern around the 1.2529 level, with striking similarities between the first and second...
Chart shows the possibility of the Parallel Channel and AB-CD pattern and the targets.
XABC is plotted, now it looks as if we are headed to D which would be roughly around the 1.272 fib note. This may not play out, but it is an idea. If it were to play out, expect a dump following D, back down
In H M Gartleys book his golden rule was to buy the first AB=CD correction in a new trend. BTC made nice gartley here so it "has" to be bought if it fails will head down to form at least a butterfly at 1.1272
EUR/GBP Do we need more confirmations? What do you think?
AB=CD formation on USDMXD with a retracement of 0.786 Fib pattern will also be valid if it touches the 0.618 Fib but not over you can enter at point C and put stop loss above the 0.618 Fib
It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?
If you agree hit the like button, or you can share your view.
Downtrend - S/L 0,76250, T/P 0.71500
They say Americans do not drink from the small dishes
We expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
Is this a possible AB=CD Pattern? The last structure to the left is back in May/June 2015. But we are not oversold, so I am not shure about this pattern. Maybe if we double bottom, there is a long opportunity. Thanks for your suggestions and kind regards, Funkymonkey
Potential Gartley and ABCD harmonic patterns to trade plus the completion area of gartley at a strong resistance area. Like if you agree and you're welcome to share your opinions.