NASDAQ:TSLA ABCD Harmonic Pattern on NASDAQ:TSLA suggests that; Buy on dip strategy is recommended HH & HL is observed on daily timeframe Gap will be filled around 258-263 If it sustains, supply will be observed around 300-315
Here is my ABCD idea for GBPUSD on H1. OB range are on 61.8% and TP target at -27.
Key Levels (1-hourly chart): - Resistance: 1.0669 - Support: 1.0630 Additional Setup (4-hourly chart): Bullish Deep Crab & ABCD Patterns at 1.0522 Analysis: - Approach: Identifies potential shorting and buying opportunities based on support & resistance levels - Key Levels: Highlights resistance at 1.0669 and support at 1.0630 on the 1-hourly chart ...
GBPUSD is on a Weaker Bull Trading setup, if you are looking for buying opportunity there are 2 trading opportunities for you. The Bullish Shark Pattern may form on the daily chart at 1.2343, alternative you could wait for a retest of support at 1.2559 on the 1-hourly chart. If you are looking for counter-trend trading opportunity, the 1-hourly chart do have a...
In the upcoming week, the spotlight might be on NZDJPY, particularly for those who lean towards structure-based trading methods. In this scenario, we marry technical analysis with the art of trading. Observations: A keen eye at the support level reveals an ABCD pattern checkback on the 4-hourly chart, situated at 86.84. For Fib-3 Bat enthusiasts, a...
This analysis uses daily timeframe , and here are some reasons to support seeking a sales position: 1. Currently XAUUSD in bearish position 2. The price in bearish resistance 3. The price also in fibonacci retracement area 78.6 4. The price has the potential to develop a pattern AB=CD So, we can wait to seek a sale position like waiting for bearish candlestick...
EURUSD is currently experiencing a bearish trend, but for those who are counter-trend traders, there may be an opportunity to buy at the AB=CD pattern completion at 1.0602. It is important to wait for confirmation from a magic candle confirmation before executing this strategy. The initial stop-loss should be set at 1.0562 (-40pips) or -400 USD/lot. Our first...
It is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies...
📊 Weekly Chart: Overall bullish, but watch current candle. 📈 Daily Chart: Bearish movement, key level 1.0766. 🕓 Four Hour Chart: Sensitive period, focus on 1.0766. ⏳ One Hour Chart: Multi-timeframe analysis. 🔍 Higher Timeframes: Confirm breaks below key levels. 🚀 Aggressive Short Opportunity: Wait for trend line retest. Look for break below 1.0705 or 1.0651. 📉...
Hey traders! 🌟 Despite the ongoing bullish trend in the pound-dollar realm, I'm sensing a change in the wind, and here's why I'm turning my attention towards a bearish shorting opportunity. Let's break it down. On the weekly chart, the bullish vibes are strong within our buy zone. But wait, when we shift to the daily chart, we spot a sneaky closing below that...
Australian Dollar Starting with the weekly chart, consolidation is evident. On the daily chart, a retest of the previous support within the consolidation. A four-hour chart shows an RSI divergence—a gem for counter-trend traders. The one-hour chart mirrors this setup. Reading trend movements with precise filters is pivotal to distinguishing buying from selling...
Let's debunk some headlines like "The Dollar is Bearish!" and dig into the real chart dynamics. On the weekly chart, a bullish trend is evident, despite a retracement that might seem bearish. Always consider the bigger picture. The recent retracement is a mere blip compared to the overall uptrend. 🔍 Key Levels to Watch 🔍 Zoom out and observe the retest happening...
Greetings, fellow traders! Let's delve into the Euro-Dollar trends and identify some potential trading opportunities. 🌍💱 📊 Weekly Chart Insights 📊 The bullish trend continues with a notable pullback, keeping our attention on the upswing. The market's pullback has tactfully avoided breaking crucial support at 1.0637. Transitioning to the daily chart, we find...
📊 If you're a trader seeking both buying and selling opportunities without worrying about trends, this one's for you! Australia-Canada is in a sideway consolidation, ideal for counter-trend traders who love buying low and selling high. 📉📈 👀 On the daily chart, observe the group of highs and lows. The four-hour chart heads towards previous supports, while the...
💹 GBPUSD is currently experiencing an overall bullish trend, as evident from the Weekly Chart (right) showing bullish movement within the Buy Zone. ⛔️ However, as a Counter-Trend Trader, I'm eyeing a potential shorting opportunity on GBPUSD based on the setup on the daily chart. 🔍 My trading approach will shift to bullish once it hits the key support level or...
This could be for you if you are waiting for a counter-trend move. A Bearish Gartley Pattern is expected to complete at 1.2605, but the earliest for that is on 12 Jun 23, 1200(utc+3); any earlier than that, the trade would be invalid. If a break and close above 1.2605 occur, I will wait for an M.C confirmation at 1.2659 on the ABCD pattern. Both of these...
EURJPY is in strong bullish trend and seems like it is going to form AB=CD pattern. As BC leg retraced to 50% fib level and reacted well also because of strong area of value. Will it complete CD leg ?
HALT! Don't follow this trading idea blindly. You should know that I've a strong bias to long the GBPUSD on the higher timeframe, the daily and weekly chart. I'd engaged in a strategy that I've personally tested for the past 12 years. The ABCD pattern showing up on the 8 range bar provide such an opportunity for me to engage the trade. What is really needed...