Get started

Harmonicmoves

3 steps ahead "How the Gbp/Usd gets to 1.5000"Last week i put out an idea of how i thought the gbp/usd would be a "buy." This week i thought i would stay with this pair and give an example of how i plan ahead on my trades. The blue bar pattern is what i predict the market to do this week. If price rallies up to the 1.46685 level, i will be looking to go short on a fib inversion trade at the 1.618 ext. If that trade plays itself out like i have the purple bar pattern, i will then look to go long on a trend continuation trade around the .618 fib retracement. This will complete the AB=CD pattern you see with the white arrows. If price then rallies from the .618 retracement and makes a new structure high like the bar pattern in green, i will look to short the market around the 1.5000 level on another fib inversion trade. This will be a bigger AB=CD move, marked by the pink arrows. Now all of this could change in a day or two, but i know what i am going to do, if my prediction comes true. If it doesnt come true, i will then just form a new one and start over. But this is definitely something to look out for over the next coming weeks.
Long
by tommyb35
1
USDJPY 60min Bullish TCTUSDJPY is coming off of a Major Support Level. I'm looking to buy a pullback in anticipation of the market correction. It has broken and closed above previous resistance and if it can pullback into my reversal area I will look to enter long. I will have to enter long at or below the Purple Line which represents a 1 to 1 Risk to Reward. Stops - 1 ATR Below the Reversal Zone Target #1 - Retest of Highs Target #2 - 1.27% Fib Extension plus Structure (Previous Resistance). Once could also look to Target the completions of the ABCD Pattern for Target #2's
Long
by PateSkpate
EG Bearish Bat Weekly, Great RR, wait to enter, PIPS PIPS PIPSHello Trading View, Here on the EurGBP Weekly TF we have a unique Bearish Bat that has completed. Price action has shown all necessary reversals at the required ratios, and price in the PRZ has shown signs of confirmation of trend change. Heres why this pattern is unique. VOLUME. The volume at point D was EXTREMELEY HIGH!!!!!! See Green arrow indicating said volume. This volume spike combined with the terminal price bar that tested the PRZ is SOLID CONFLUENCE....!@!?@>!?@>!>!!! We have the necessary confluence of all 5 point harmonic patterns being an ABCD pattern. This pattern is an extended ABCD pattern. C point retracing 88.6% of AB, topside projection would normally be the 1.13%, but it has completed an extended pattern around the 1.618 expansion of BC. This is an extended 1.618 AB=CD pattern as defined in the Harmonic Trader : Volume 1 by Scott Carney. Price action has retraced and beginning of this week shown a bullish gap. Expect price to fill the gap and continue to drop to the projected IPO1 and IPO2. The pound seems weak now, so Id wait for some confirmation prior to shorting. If you're aggressive short now (treating current price action as a retracement) and ride er on down. Trade safe, trade smart. -K
Short
by KumaTF
ABCD to Bearish Bat in progress, aggresive trade, good RRHello Trading View, Here on the EuroYen, we are seeing a reversal of a bearish trend . Price has made higher highs, and higher lows, confirming my directional bias. Topside projection of the ABCD pattern is the 2.618 expansion of the BC leg, due to the B retracement of 0.382 of the impulse leg. Typically you are supposed to trade this from the topside down, but if you're an aggressive trader, this might be your trade. After completion of the ABCD pattern, we have a valid short, as price has completed a Bearish Bat. Bat confluence due to price action reacting to all necessary ratios, and the completion of the ABCD pattern, which is essential to all 5 Point harmonic patterns. Before pulling the trigger in the PRZ, monitor price action for the necessary confirmation to short at pattern completion. Stop is set below the B point, as a close below would invalidate the pattern. Trade safe, trade smart. -K
Long
by KumaTF
EURJPY 60min Bearish TCTLooking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies. Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as: RSI O/B, Advanced Patterns, etc.. Right now there is a Fib Inversion lining up in that area. Stops - 1 ATR Above the last Swing High Target #1 - Retest of Previous Lows Target #2 - 1.27% Fib Extension
Short
by PateSkpate
3
EURUSD - simple trend continuation longThis EURUSD pair has been putting in a series of Higher Highs and Higher Lows, indicating that the trend on the hourly time frame is in an upward direction. This is also confirmed by drawing the trend line. Furthermore, price bounce off a previous resistance level which should now become support. The pair is moving quite harmonically recently, breaking the previous highs after retracing till around the 61.8 retracement. Currenlty we are sitting at such a retracement and on the trend line, providing us an excellent opportunity to go long. If the pair continues it's behaviour, we could again create new highs around the 127.2 Fibonacci extension which would also complete a nice AB=CD pattern. (Which is not a reason for the trade, rather a reason to put a 3rd target at that level) I put the stop loss nice and tight under the entry so that if the direction fails to confirm, we get out of the trade quickly. Stops will be moved to the entry level once TP1 is reached, and moved up the subsequent TP levels once the next one is reached. If you like this setup, please do not forget to click the thumbs up button, and if you want to keep up to date you can follow me.
Long
by Nico.Muselle
6
USOIL _ What is illustrated by the chart ?! After massive drop in oil price which the main reason for that -fundamentally- still complected due to many synaptic reasons like the base concept of supply and demand theory , china growth slowing and unstable political condition in the Middle East . For Technical analysis ,the chart shows potential bullish impulse as based in following :- 1- Valid Carb Pattern. 2-Valid two ABCD pattern 3-The trend hit the lower level for the bearish channel. 4- Valid RSI Regular divergence.
FX:USOILLong
by OsamaAbouzeid
1
USDJPY Bearish Trend Continuation Trade & GartleyUSDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies. Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box). This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10. Entry - I will use the Gartley Pattern to enter this trade aggressively. Stops - 1 ATR above last Swing High Target #1 - Retest of Previous Structure Lows Target #2 - 1.27% Fib Extension of the last down leg
Short
by PateSkpate
1