EURNZD - Bearish TrendEURNZD 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.
CD
GBPUSD🗝️ LEVELS TO WATCH 👀AND WHY🤔🐲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 bottoms.
Examining the CD leg, we observe two sets of equal downward swings, indicating symmetry in length. This setup is conducive to buying low and selling high, offering opportunities for traders.
For pattern enthusiasts, there are two notable formations: a flat AB=CD pattern and a dragon pattern. These patterns provide additional confluence and increase the setup's reliability.
I've drawn a trendline marked as 'E,' which the price should ideally break with a surge in volume to confirm market participation.
Targets:
For intraday traders, consider targeting the 62% Fibonacci retracement level of the AD leg at 1.25944.
Another target to watch for, especially for those eyeing the dragon pattern, is the 78% Fibonacci retracement level of the AD leg at 1.26125, which aligns with the 127% extension of the CD leg.
Trading Strategy:
Swing traders can monitor the chart over the next few days for potential long opportunities.
Keep an eye on price action and volume dynamics for confirmation before entering trades.
Set appropriate stop-loss orders to manage risk effectively.
For intraday trades, consider taking partial profits at key Fibonacci levels to lock in gains.
Happy trading, and may the pips be with you!
CD Projket Red to 1500 dollarsIf there is one place i will be putting a chunk of my portfilo in studio right here.
For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars.
To think this stock is 80% down is mad , CD projket red have began a partnership with epic games and the Witcher 4 is already in production on the new unreal 5 engine ,this one is a no brainer.
EURUSD - Parallel Channel - AB-CDChart shows the possibility of the Parallel Channel and AB-CD pattern and the targets.
Possible harmonic discovery on BTC. 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
$CDR EWT Analysis - The dip has bottomed?$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores.
Consider the following chart as an alternate EWT wave count before buying the dip.
CDR price aproaching major key level will open buy after bounce+ Big polish players enlarge their positions of cdr
+ Major key level
+open now or wait for financial raport 30.03.2021
It might not be a trend changer but we will see a bounce with a huge possibility
US Stock In Play: $CD (Chinadata Group Holdings Limited)$CD closed with a major breakout this morning, leading the way as the best performing mid cap stock on the Eve of the New Year, closing at $23.96 with an intraday gain of +18.03%.
$CD traded back above its 20DMA on 4th November, after a short term decline of -17.51% upon its 30th September 2020 IPO high. Price action continues to hug the 20DMA over the course of following 38 market session, with consolidation observed below $20 round number resistance level since 4th December. The cumulative gain since 4th November totals at +72.50% in a brief 6 weeks period.
At the current junction, its price volatility is at its all time high of $1.50/day with $CD likely to trade outside a 6.5% daily range in the upcoming week.
XBTUSD BTCUSD 1ST BUYING PATTERN OF A NEW BULL MARKET?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
USDMXN AB=CD Pattern 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
EURUSD - Back to Back Bearish AB = CD Pattern It looks like a valid AB=CD Short Formation anyone else thinks it's a good idea to go short?
CD leg cypher in GBPUSD 4h-chartBullish cypher is forming in GBPUSD 4h-chart.
Missed the highest price at C (1.3443) to trade the CD-leg.
There is a smaller cypher pattern forming (green colour).
Entry point to short around 1.3409 all the way to 1.30.
Bear Advanced Pattern FormationWe expect to a have a retest of structure, then up to our previous resitance, and then hit our target :)
