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Advancedpatterns

Harmonics + Structure on EURAUDHey guys, i'm ready to go long in this market and here i'll explain you why. On the daily chart, we've recently broken a major resistance level and when price broke that level it wasn't immediately pushed back by sellers but calmly came down to that former resistance as if sellers weren't strong enough to turn that break into a false breakout. With these conditions, i want to look for trading opportunities on the lower timeframes, such as the 4H and 1H. Here you can see the hourly chart that provided me with an harmonic pattern completed right at the intraday support level that's the last before a nosedive. After the completion price immediately was bought and created an engulfing candle, both here and on the 4H, with a strong RSI divergence on top of that. All this clues add up and i'm ready to go long, with stops below the low and targets as shown on the chart! If you have any question, feel free to ask. If you have your stance to share, feel free as well. See you in the next chart!
Long
by Roker1
6
Harmonics in play on GBPNZD!Hi guys, on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the overall picture is toward the upper direction, i'm taking this trade directly at the D point, with stops below the low and targets as shown above. If you have any question, please let me know. Share your ideas if you want. Otherwise, see you in the next chart!
Long
by Roker1
Gartley pattern on GBPNZDHi guys, on the daily chart on GBPNZD we've recently created a new structure high. This makes my bias directed to the upward direction and therefore more incline to take long opportunities. As i went down on lower timeframes such as the 4H, i've identified a nice harmonic pattern (a Gartley formation) that's right near the completion point (brown line). Since the overall picture is toward the upper direction, i'm taking this trade directly at the D point, with stops below the low and targets as shown above. If you have any question, please let me know. Share your ideas if you want. Otherwise, see you in the next chart!
Long
by Roker1
8
EURUSD - Weekly Outlook 26/11/2017 I have been trying to get a better understanding of the waves in the market and seeing where other patterns come into play and can help give some confluence to the direction. Although we have had a very bullish close last week, what the chart is presenting me with is a very Bearish opportunity. Price has been consolidating in the channel and From what I can see I think there is some further down side to come before a further impulse in price up. There have been a couple of Advanced patterns in the last couple of months on the Daily Timeframe / Weekly. First a Bullish Bat which if you had 2 target approach you would of hit the 0.382 fib and pushed up at high as the 0.50 fib, at this point price moved back down giving us an equal measured moved. Second pattern which has just completed is a Bearish Cypher, this along with price respecting the top of the channel & making a Higher Low I believe we are going lower.
Short
by Wonour
1