I previously posted a short trade with a falling wedge that matches this chart to the d point. This is a win win!!!! I will update this before d is hit
This chart is on the 1 hour. A falling wedge with previous lows charted. I did take a short trade on this and if it gets within 5-10 pips of the first previous low I will close there. I also have analysis on this pair with a bullish harmonic pattern that is very similar with its entry level to the take profit level on this short trade.
Here is a little confirmation for the previous chart I posted of eurusd head and shoulders. On the right shoulder is a bat pattern which is leading it to finish the head and shoulders pattern. If this harmonic pattern breaks I will take a long trade and if the pattern completes I will take a long trade from D.
We have a strong possibility of the head and shoulder pattern completing. However, if broken we will see major bullish action to the top profit line on my chart around 1.20350
I keep seeing nzdusd charted as a bearish bat and I have to disagree. There is no almost when it comes to the ratios in the pattern A bat pattern MUST meet the following criteria with no exceptions. x-b= .382-.50 a-c= .382-.886 b-d= 1.618-2.618 x-d= .886 In nzdusd I can not see a way to get x-b below .50 or equal to .50 therefore, it is not valid. Please do...
I recently bought a little bit of litecoin so If this pattern reaches D I will be unloading it and likely never buying it again! Fingers crossed!
This is looking great so far. I think in the next few days we will see if this becomes a valid trade set up. Remember it MUST hit the d point to be valid with proper ratios such as this pattern. I will update as it moves further bearish.
I am not taking a trade set up here and I don not recommend anyone else does. I am just testing methods to use with harmonic patterns to increase accuracy per trade. Please feel free to watch this play out and add any comments. Thank you
This is on a one hour timeframe and looks like a good set up. I call this modified because ratio between x and b is slightly out of range. I have seen this ratio work over and over so I have added it to my pattern list. I'm usually not a fan of this pair but anytime I see it drop below 1.1800 or above 1.1900 I look for a trade with confidence.
This chart is on the 4 hour frame and has huge potential. I will be very cautious on entering this with recent fundamentals possibly having some effect on this pair. All details are in the picture.
Found thi harmonic pattern forming on audcad 4hr chart zoomed way out. This is a substantial trade if the d point is reached. Will keep everyone posted
Found this on the 1hr timeframe. All details are in the pic. I will absolutely jump in this trade at the D point.
This was a pretty good week on the market so lets get ready for good weeks every week. I have enough charts up that are slowing forming confirmed patterns. I will keep posting charts like this and we can all watch to see if D is reached and if so we have a trade set up! They wont all work but if we hit D and get a reversal then we can all make some money
A decent bat formation on this pair forming. All details in the chart. If we reach D or really anytime soon a strong reversal candlestick forms I will jump in this trade. Right now nzd is looking strong for trade set ups around the board. I will update this and many other potential trades in my telegram and my Instagram at @forexpert_fx
This chart is kind of for laughs. Its a bat pattern on the one month chart. If it actually played out over the next decade it would be over 6000 pips. Obviously by the time this even made it to D I will likely be wearing depends in a nursing home! Just wanted to do a big massive chart and watch it over the years and then look back and kick myself for missing...
This pattern is on the 30 minute timeframe so it will move fast. My points were very slightly forced so I will not take a trade on this unless there is better confirmation on a higher timeframe. Lets see what happens......
Eurcad and nzdcad seem to be showing several patterns on different time frames. All the details for this bat pattern are in the chart posted.
Found this on the 4hr timeframe. Details in the picture. I am jumping all over this when the time is right aka when it hits the d point in the chart