Harmonicforex
NZDUSD UPDATENZDUSD is extremely over extended to the downside and testing a strong level of weekly demand, also on the weekly TF price has formed a massive M formation in which we expect the market to complete the harmonic pattern at the neckline, giving us a potential upside swing target. On the LTF we can identify how the market push to the upside and trapped bulls on FOMC Wednesday, then yesterday price dumped back down a swept the liquidity below the EQL lows. Now the market is almost ready to make the intended move, we are monitoring on the LTF for potential entry confirmations
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.24620
TP: 1.21232
SL: 1.27509
Bias: Short
GBPUSD we are bearish though the price action pattern of short term momentum and volatility show a bullish bias, the major and dominant trend is bullish and there is no escape from the bearish pressure. So we are on sell side.
XAUUSD LongTime Frame: 4H
Symbol: XAUUSD
Entry: 1902.134
TP: 1987.180
SL: 1842.826
Bias: Long
Gold is a oscillating between support and resistance and trying to create enough volatility and momentum to drive it upward. Though are are some trend corrections, an ultimate long bias is questionable at the current market conditions.
GBP/NZDX2 Position
1. Buy: GBP / NZD
Buy limit: 1.91060
SL @ 1.90590
TP @ 1.92850
Max Risk: 2%
2. Buy: GBP / NZD
Buy limit: 1.90580
SL @ 1.90000
TP @ 1.92850
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
dxy harmonic pattern..................................................................................................................................................................................................................................................................................................
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1873.413
TP: 1767.525
SL: 1952.829
Bias: Short
XAUUSD is facing a strong significant resistance at $1970, There are obvious reasons that We are bearish because the instrument will require strong momentum and volatility to cross this level upward but it does not have the necessary impetus now to do that change because of the gloomy market conditions in all verticals. SO we stay bearish.
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We are still following the beaten track . There is no return from the current market structure as long as the dollar strength can be checked. If dollar fails to maintain its current position, JPY may get some advantage but there is no hope for the time being.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.98401
TP: 1.00978
SL: 0.96565
Bias: Long
The pair rallied upto 3% or above for the last eight weeks and still it is on the same side. In spite of being RSI at oversold territory, the bullish mood is still predominant and we are looking for a long opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25104
TP: 1.21143
SL: 1.28042
Bias: Short
As is the case with EURUSD, so is the fate of GBPUSD. There is no return from the current bearish pressure as long as a stable environment in the financial market returns from the unrestricted participation from all sectors. Due to current political and economical perspective, the pair will remain under pressure though sentiment is bullish , the bull will not find big ground until more stability returns in the market. Our bias is bearish .
EURUSD ShortTime Frame: 4H
Symbol: EURUSD
Entry: 1.05310
TP: 1.01362
SL: 1.08093
Bias: Short
A deep analysis of sentiments of traders for EURUSD shows that 80% of the traders are bullish but the problem is the pair has created a stairway to chasm of no return . In spite of all fundamental factors or even market sentiments, the situation can be made worse by the NFP and Fed intervention. Though there is a ray of hope for upward move but the downward move will be heavy and it will take the pair to a new level. So, we are bearish.
NZDJPY Potential reversal at 87.692, Public Journal #3NZDJPY has been trending up for a long period of time, so I know price will pullback eventually. I've noticed price has now entered a consolidation phase, due to price being exhausted from the endless uptrend, in that consolidation, price has done the peak high, so any short scalpers are now coming into play and trade away from the high.
There is a support level of 85. where many late buyers will use that opportunity to add a long position, because in their eyes, price is still in an uptrend after creating a higher low. But also looking to the left, I can sport and inverted H&S in the pullback to make it look complex. However, from the trained eye, one will use that as confirmation to initiate a long position.
That's a small insight to what I've seen, the rest is down to the charts.
GBP/AUD X2X2 Position
1. Buy: GBP / AUD
Buy limit: 1.75185
SL @ 1.74450
TP @ 1.76940
Max Risk: 2%
2. Buy: GBP / AUD
Buy limit: 1.74440
SL @ 1.73820
TP @ 1.75600
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
PRZ as ABCD pattern at CADCHF to sellThere's a AB=CD pattern as 0.706 : 1.41 relation. We could say there's a gartley pattern that is reacting way above the entry point as it usually is for a Gartley pattern (0.786), so there's another confirmation. We place SL just above the previous high. We are aiming for the second TP, the first TP is the nearest green line from the entry point.
Do you have any other ideas? Let me know on the comment section below.
PRZ as Gartley Pattern on EURUSD to buyNotice this is on 30 minutes chart.
There's an opportunity to buy on EURUSD. On this analysis, Gartly pattern may be formed at that support and enter the trade at point D when we have confirmation such as candlestick pattern. I'd place SL on the red line and TP on the other 2 resistance which are the green lines. I'd look for the first resistance as a target and also we have a AB=CD pattern (not the ideal, but presents harmonic retracemente and projection).
Anyways, I'd recommend to wait for confirmation.
Do you have any other ideas? Let me know on the comments.
CAD/CHF:short positionCanadian dollar/Swiss Franc foeming an harmonkc pattern called bearish BAT pattern. I put a short position now in market price and SL to 0.7594 CHF and target to 0.7498 CHF
Good luck!!! You can see the H2 timeframe because it's a better timeframe to look what hapowning in the price and still bearish.
In H4 we see this harmo ic pattern very goos. I hope that this analysis support you