Harmonics in Seconds: Hedge TradingHow to hedge trade using Harmonic patterns.
Building a risk free position in both directions.
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EU
1.2011 EU maybe eu go down to 1.20. maybe it go to 1.17. maybe it go up to 1.25. but maybe 1.20 first wherever. be awesome if maybe 1.17 or lower. let's all agree to short. but if you get rekt, welcome to Club Bear.
fundamentally, usa is a hot mess. that's bullish yes?
EURUSD 1HR MINOR CHANNEL TRAJECTORYOANDA:EURUSD
Hello traders we have a minor channel where EU had been traveling and making its way to the top of the channel where resistance was hit for a pullback.
We could experience some more downside, but with the current geopolitical environment nothing is clear cut and dry.
the charts allows us to focus more the price action and follow direction without having to worry about politics.
EU not done yet?Expecting more up after pullback and to remain bullish until EU stimulus is being announced.
EURUSD(EU) Gonna Short in TechnicallyEURUSD gonna gonna short. In 2hrs time frame its create weak bearish divergence.
Price Higher High, RSI Equal High, Support Range are identified.
Happy Trading
Bearish Deep Crab (4H)This Deep Crab entry is around the area of TP2 for the Daily Bullish Butterfly, see the comments below for further details.
Bearish Butterfly (1H)Adding Confluence to the Deep Crab on the 4H, this Butterfly entry meets in the same area as the TP2 for the Daily Bullish Butterfly shown below.
EURUSD SHORTEU has currently been moving in an ascendingchannel but has broken out an retested the trendline on the m15 chart. Ill take a short position if price closes below the lower wicks on the trendline retest. I will be targeting the bottom of the h1 trendline.
Strong Rejection at 90ct on EUR/GBP After Hitting ResistanceAll information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message
EURUSD Test of strong supply zone, psycho level, shorts in playHello,
we are currently testing the so-called the "line in the sand" for both buyers and sellers.
Defending the current levels will allow sellers to retest at least 1.1500 / 1450.
The breakout through 1,20 ( based on daily close ) opens : 1.2160 / 2250 and 1.2500.
As long as under 1.20, and everyone sells the dollar, the counter move can be a kind of solution, especially since there are technically grounds for it ...
Short 1.1970/2010
Stop above 1.2050
Purpose 1.1500 / 1450
Good luck
EUEU closed this week with a strong bullish candle, however the pair is finding resistance within a two month channel.
The Tradesy: Scaling in (3rd Entry)Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a third entry at the 50% retracement level.
Following the same process as the previous entries I now have 3R profit secured with more than a full sized risk free position running.
ENTRY 1:-
ENTRY 2:-
Bearish Butterfly Main Entry:-
The Tradesy: Scaling in (2nd Entry)Drawing my bespoke fib from the high of the previous entry to the new low allows me to scale in with a second entry at the 50% retracement level.
Following the same process as the initial entry I now have 2R profit secured with a full sized risk free position running.
The Holy Grail of Entry systemsThrough my research whilst studying Scott Carneys Harmonics methods I devised the 50% retracement system.
This system allows me to enter higher time frame patterns with considerably smaller stops.
Entering at the 50% retracement with a stop at the 25% allows me to create a risk free position by closing 50% at 2R (100%).
I carry out this system on the 1m time frame but due to TV rules on publication can only show it on the 15m time frame.
The 127% level on the chart shows the entry for the 4H Buttefly pattern.
Mt first entry became risk free and hit several targets before being stopped out. This can occur several times before the eventual move happens. Due to the risk free element, and the potential of such a large risk to reward, this is not an issue.
EURUSD SELL LIMIT
I see that the current eurusd movement has passed the resistance area with fundamental support, it is possible that when entering a new resistance area (fresh resistance) the EU will be bounced back to its strong support area.
UNDERSTANDING HOW DXY AFFECTS EUR/USD AND OTHER DXY PAIRS.Understand the correlation and you will understand overall trend.
EU BUYS!!!!!I SEE A BULLISH MOVE ON EU! Price should go above 19100..... My fib zones are
TP1 on .236 (1.18830)
TP2 on 0 (1.18830)
TP3 on -0.25 (1.19054)
Tp4 on -0.61 (1.19224)
