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EU

Bullish Shark PatternENTRY = 1.18213 STOP = 1.18494 TARGET = 1.17646 The Shark Pattern was initially released in 2011 by Scott Carney in his Patterns into Profits course. The pattern is the primary structure that precedes a 5-0 formation. This structure is outside the typical M and W framework. It possesses a unique formation called an Extreme Harmonic Impulse Wave that retests defined support/resistance while converging in the area of the 88.6% retracement – 113% extension of XC. In all cases, the completion point must include the powerful 88.6% support/retracement as a minimum requirement. In addition, the unique extreme Harmonic Impulse Wave employs a minimum 161.8% extension of the BC leg. This combination with the 88.6% retracement defines a unique structure that possesses two profound harmonic measures to define the minimum level. In many cases, the price action will retest the initial starting point of the pattern and define excellent opportunities to take advantage of a market that has moved to far too fast within a limited period of time. This pattern frequently defines excellent opportunities but these reversals are often sharp and require specific management strategies to capitalize on the phenomenon. In many situations, the price action will retest the prior support/resistance level and typically result in a limited counter trend move. Due to the Complexity of identifying The Shark pattern I have not and do not intend to publish a tutorial on this pattern. However should it be requested I will attempt to do so. Due to the fact this pattern is in general considered a precursor to the 5-0 pattern, closing a minimum of 50% of the position at the initial target is advised
Short
by Cryptsyxalt
EURUSD Price movement prediction 15-10-2020Using the triple trap strategy, these are opportunities I see for this pair. Currently price is at top of the channel and been respecting the 4H trendline, buying opportunity- if price breaks through purple trendline and 50 SMA(need not wait for retest). Selling opportunity - if price breaks the 4H trendline and the zone and retests it. the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
by Tripple_Trapping_FX
3
Bearish Crab Pattern (1H)The Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000. The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ). The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA. Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals. It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns. Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA. ENTRY = 1.18152 STOP = 1.18434 TP1 = 1.17696
Short
by Cryptsyxalt
EURUSD Price movement prediction 12-10-2020Using the triple trap strategy, these are opportunities I see for this pair. In daily, EU broke the 50 SMA and we can see lower time frames above 50 too, so good opportunity for buys, waiting for retest to the golden zone for buys, we also have another confluence of harmonic pattern that it may retest to golden zone. if it breaks the green zone downside, and retest looking for sells. the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
Long
by Tripple_Trapping_FX
EUR/USD WEEKLY OUTLOOKThis is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have posted above! if dxy next move takes it downwards after trumps stimulus talk. expect eur/usd to rise uptowards 1.19.
by UnknownUnicorn6102956
EURUSD Price movement prediction 6-10-2020Using the triple trap strategy, these are possible setups of this pair. As EU didn't retest the zone from previous setup resulting in fakeout, and broke the zone and channel, now waiting for retest and rejection from fib golden zone before falling down. the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
Short
by Tripple_Trapping_FX
Bearish Gartley (Daily)The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935. The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998. The pattern incorporates the 78.6% retracement of XA, as the defining element in the Potential Reversal Zone (PRZ). The B point must be at the 61.8% retracement of XA. The Gartley utilizes a minimum 127.2% projection of BC . In addition, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 78.6% retracement of XA and the BC projection. This is the first of two potential Harmonic patterns on the Daily time frame signalling the continuation of the current bearish retracement on EUR/USD. ENTRY = 1.18163 STOP = 1.18719 TP1 = 1.17383
Short
by Cryptsyxalt
Bullish Crab PatternThe Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000. The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ). The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA. Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals. It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns. Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA. As I am yet to post a complete tutorial for the Crab pattern I did not publish this idea prior to entry, but due to it's significance to the current Bearish Gartley pattern on the Daily time frame I have published this live version to show confluence for the entry point of the Daily Gartley.
by Cryptsyxalt
EURUSD Price movement prediction 5-10-2020Using the triple trap strategy, these are possible setups of this pair. As gold has entered consolidation recently but since the price is at the top of channel and if the price hits the zone 3 rd time there will be a triple top situation and could go for sell or if it broke the trendline and zone we have opportunity for sell too. the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
Short
by Tripple_Trapping_FX