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Harmonicmoves

HOW-TO: NZDCHF Full Trade Analysis & Strategy ApproachFor those of you trading NZDCHF, do you also get “confirmation” from higher time frames when deciding to go short or long? Yes, that is one of the things I factor into my NZDCHF analysis - and so should you. “Higher Time Frames” reveals how the price of a currency pair ( NZD CHF in this case ) fluctuates from within an hour or up to a day - providing you with additional data for your NZDCHF technical analysis - and time to plan your best course of action. The result - you will never be trading NZDCHF today, tomorrow, next week blind - ever again! By watching my trading NZDCHF video breakdown, I hope that it will not only help you create a more accurate NZD CHF market analysis - but learn to integrate time frames as part of your forex trading strategy: and analysis in general. Watch my NZDCHF market analysis trading video right to the end, and leave a message if there’s anything you want to ask about the trade or my trading process. Go watch how I did it, so you can replicate it!
Short
by Kumar_Kaushal
GBPNZD - Bearish Continuation TradeIn this video we're going to take a look at a bearish continuation setup on the $GBPNZD. The idea behind this trade follows my 4-step I.P.D.E. process of Identifying what price has recently done & then using that knowledge to make a prediction of what direction are we likely to continue in next & IF we do continue in that direction THEN where is the next level that we're likely to run into trouble at. In today's example the I phase was a previous level of structure support that was recently violated along with the reading of the last days candle. The P section used structure recognition, harmonic moves & psychological numbers to dial down on a target location. I hope you guys enjoy the video, I hope it's informative & most of all i hope that you have a positive week on your trading journey. If you have any questions, comments or just want to share you idea, please feel free to do so below. Akil
Short
by Akil_Stokes
2
AUDUSD | Perspsective for the new weekThe Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this regard, I am anticipating that the Aussie might turn bearish in the mid-term on a break below $0.73300. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. The Demand zone which has held price "supported" since the beginning of the year 2021 was finally broken to the downside in June/July 2021 to set a bearish tone on the market. ii. The line drawn above pivot highs is a visual representation that reveals the prevailing direction of price action since May 2021 and it appears price will continue to respect this line considering the current market structure. iii. This been said, it is pertinent that I state here that the early hours/days of the new week might see a price climb to test either the Trendline (forming a Double Top) or extend beyond to reject Key zone at around $0.75300 and $0.76000 (61.8% retracement of Impulse leg) to incite a risk of further decline in price. iv. And it is possible that this declination might transpose into a Harmonic pattern (AB = CD) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C is currently at a 50% retracement with the possibility of extending into 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B leg @ around $0.68800. v. So, at this juncture patience is indeed required as the market open will help us determine when it is most appropriate to hop in the decline train. NB: Below Key level appears to be the safest area to take on a short position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDJPY | Perspective for the new weekPrice did not move as expected from our last speculation on this pair (see link below for reference purposes) as Y109.200 became a very strong Demand level for the Yen. Tendency: Downtrend (Bearish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 10 days and since the price broke down Y110.100 (Demand zone on the chart), the Greenback has gotten a little choppy against the Japanese yen as indecision continues to reign in the market. ii. With the non-farm payroll coming up in the week, participants remain cautious about doing anything other than simply trading in short-term range bound moves. iii. Multiple rejections of Y110.200 which also coincides with a 61.8% retracement of AB leg insinuates a transition into a Harmonic pattern (AB = CD) in the coming week(s)with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Y108.500 area. iv. Below Y109.800 Level (Key level) remains a comfortable area to take advantage of the intended Bearish bias as I look forward to a Breakdown/Retest of the Trendline in the coming week. v. And a further Breakdown of the channel at Y109.400 shall welcome an opportunity to add to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:3 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCHF | Perspective for the new weekWith over 150pips move in our direction since my last publication on this pair (see link below for reference purposes); the price appears to be back at our previous Key level @ Fr0.91950 (see link below for reference purposes) with multiple rejections emphasizing selling opportunity for me. It is obvious that the Greenback rose during the last three days before declining with approximately 0.3% intraday to Fr0.91690 level on Friday to close below Key level hereby signaling risk of further decline in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Trendline Observation: i. Since the price hit Fr0.92400 to form a Double top structure, we witnessed a dramatic decline in the last week. ii. A significant breakdown of Fr0.91900 - a level which held price "supported" between 9th and 13th of August 2021 dictated the prevailing direction of price action as the price comes back to this same level with multiple rejections (18th - 20th of Aug 2021) and high hopes of a risk of further decline. iii. 78.6& retracement of AB leg followed by Breakdown of Key level and Bullish Trendline reveals seller's strength at this juncture in the market. iv. Structure characterized by multiple rejections of Key zone @ Fr0.91950 coinciding with a 78.6% retracement of AB leg suggests a "possible" transition into a Harmonic pattern (AB = CD) with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg makes a 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Fr0.90600/0.90400 area. iv. If price continues in the direction projected, we shall be looking forward to adding to our existing position at a breakdown/Retest of Fr0.91500... Trade consciously!😊 Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
$CTIB BULLISH CYPHER PATTERN$CTIB BULLISH CYPHER PATTERN Wyckoff Re-accumulation after decline, Strong Volume building Yunhong CTI Ltd. develops, produces, distributes, and sells consumer products in the United States and internationally. It offers novelty products, including foil balloons; latex balloons under the Partyloons name; and toy balloon products, which include punch balls, water bombs, and Animal Twisties, as well as other inflatable toy items. The company also offers packaging films and custom film products for food, and other commercial and packaging applications; produces and distributes home organization and container products; assembles and sells Candy Blossom product line; and distribute party goods. It primarily serves various retail outlets, including general merchandise stores, discount and drugstore chains, grocery chains, card and gift shops, and party goods stores, as well as florists and balloon decorators. The company sells its products directly, as well as through a network of distributors and wholesalers, retail chains, and independent sales representatives. The company was formerly known as CTI Industries Corporation and changed its name to Yunhong CTI Ltd. in January 2020. Yunhong CTI Ltd. was founded in 1975 and is headquartered in Lake Barrington, Illinois.
CLong
by BADQOMOCAWGOWLD
EURJPY | Perspective for the new week | Follow-upJust like the situation on our GBPUSD, we experienced a 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and with the present market structure, it appears we are at another juncture that "screams" for a selling opportunity. Even as a momentary price increase is envisaged on this pair considering the pressure from the bulls during last week trading session and this might lead to a break out into Y132.500/133.000 level before a decline happens. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. Even as we are in a long term Bullish situation, "quick sells" from participants who took advantage of the Bullish run appears to be happening at the moment and I suspect that the price might decline to around the Y129.000 area before the rally begins... Why? ii. The significant Breakdown of Y132.350 (my new Key level/Trendline) on the 17th of June 2021 which appears to be followed by what looks like "rejections" of this same level between 23rd and 25th of June 2021 points at the possibility of diminishing Bullish momentum. iii. While looking forward to entry opportunity below Key level, I foresee a transition into a Harmonic pattern (AB = CD) in the coming week with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg currently falls at 61.8% with the potentials of extending to 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ Y129.000 area. iv. A Further plunge below Y131.000 (breakdown/retest) might welcome an addition to the existing position. v. CAUTION: It is important that I state here that the overall perspective to this pair is Bullish (see weekly chart) and if the price remains above Key level, the whole narrative shall be rendered invalid and a Bullish perspective shall be immediately adopted at Break above/Retest of Trendline... Trade consciously! 😊 Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
CADJPY | Perspective for the new weekConsidering the long term Bullish perspective ( see weekly chart), I see a correction phase of the Bullish Impulse leg (began on the 21st of April, 2021) happening since the price broke below Y90.000 on the 17th of June 2021. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Correction phase Observation: i. The successful Breakout (29th of April 2021) of Y88.000 level which "resisted" price for 48days confirms the strength of the Bullish momentum. ii. Since price found peak @ Y91.100, we have experienced a downward spiral (correction phase) that we are yet to decipher when it will end. iii. A long-term Bullish perspective was confirmed the moment price broke above and rejected the major Support/Resistance zone @ Y85.500 on the 5th of March and 21st of April 2021 respectively. iv. The Breakout of Trendline also coinciding with the Breakout/Retest of major Support/Resistance level has a significant impact on the character of the Bullish momentum. v. In this regard, I anticipate a rejection of the Trendline to spark a rally continuation in the coming week(s) as the area above Key level I @ Y88.200 pronounces Buy window I. vi. Now should the price break below the Trendline in the coming week, another opportunity to buy is spotted on the chart as Buy window II which is right above Y87.000 zone. vii. As soon as rally continuation is confirmed, I look forward to a transition into a Harmonic pattern (AB = CD) with parameters explained below. a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is expected to fall at 61.8% with the potentials of extending to 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ Y93.000 area. viii. Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:6 Potential Duration: 12 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the financial market (including foreign exchange, commodity trading, CFDs, stocks etc.) involve high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | Perspective for the new week | Follow-upWe experienced a 125pips move since my publication on this pair last week (see link below for reference purposes) and it appears that the correction of the Impulse leg is done as I anticipate another rally in the coming week. Even has the Greenback fell during the trading session on Friday, but the structure evolving at the Demand zone reveals signs of life again hereby making it difficult for me to short this market! Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 9 days, the Bullish Trendline structure reveals the prevailing direction of price action. ii. Trendlines applied to the highs and the lows of price action insinuate a well deserved Ascending channel which gives a positive bias for a bullish momentum in the coming week. iii. The significant Breakout of Key level @ Y110.130 on the 16th of June 2021 expresses the strength and capacity of the Buyers at this juncture in the market as the level (Y110.130) which resisted price prior to the Breakout appears to become a new level of Demand @ 78.6% retracement. iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.200 area. v. With the new Demand zone coinciding with the possibility of a Trend line continuation, It is advisable to stick to buying opportunity above Key level @ Y110.130... Trade consciously! :) Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
ETHUSDT Short or LongThis is something what I watching atm for ETHUSDT. Will post screenshots for possible long here (even from this level) but prefer to come to better buy zone with solid SL and very good R:R. Anyway if I see run from ETHUSDT to that level where is strong confluence, golden pocket high to low, possible 1 to 1 extension and Crab harmonic pattern (appears often in B-C Elliott wave fractal) will watch for possible short (still will see how this develop in meantime. Also can fit, maybe too perfect, in EW count where we have 5 waves down and in that point finish upper correction. REMEMBER all this charts is education only based on harmonic patterns , Elliot waves and Fibonacci.
Long
by CryptoArch_
USDJPY | Perspective for the new weekWith over 500pips run since my last publication on this pair ( see link below for reference purposes); the Bullish momentum appears to be very strong considering the significant Breakout of the Supply zone on the 29th of May 2021. The Greenback continued to push higher as the price hangs just above the Y109.000 level. In this regard, I shall be looking forward to a rally continuation as anticipation of a transition into a Harmonic (AB = CD) pattern remains high. Tendency: Uptrend (Bullish) Structure: Breakout| Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Bullish momentum that began in January 2021 is still in course as we witness an accumulation phase in the last 2 months (observe weekly chart). ii. The Supply zone which held the price "Resisted" for 29days was finally broken on the 29th of May 2021 to give Buyers the momentum it requires to push for a rally. iii. Since the Breakout, the price has remained "Supported" at Y109.200/109.500 (duration of two weeks) hereby providing the Buyers with a safe haven for future buying opportunity from this zone. iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.000 area. v. Buying opportunity remains above Key level @ Y109.500 as any situation below this level renders this narrative to be invalid... Trade consciously! :) Trading plan: BUY confirmation with a minimum potential profit of 130 pips. Risk/Reward : 1:7 Potential Duration: 2 to 5 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
USDCNH | Perspective for the new week The price moved against expectation as it continues to find lower lows in the last one month (you might want to see the link below for reference purposes); As part of China’s move to create awareness of its digital Yuan, authorities in Shanghai is planning to distribute $3 million worth of the central bank-issued currency among residents of Shanghai in the form of a lottery. Coupled with the appearance of a Descending Channel, this development appears to give a level of cynosure for investors as I anticipate a risk of further decline for the USDCNH pair in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel | Breakdown | Harmonic pattern (AB = CD) Observation: i. Since late March 2021, the price has been caught up within a Descending channel as the Greenback experiences risk of further decline in the nearest future. ii. As represented on the chart, connecting the lower highs and lower lows of price action with parallel trendlines reveals a downward trend that appears to hold following the Breakdown and retest of Y6.41000. iii. Below the Key level @ Y6.39600 remains a yardstick for entry opportunity as I look forward to a transition into a Harmonic pattern (AB = CD) with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is currently at 61.8% Fibonacci retracement (with the possibility of a 78.6%) of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Y6.32000 area. Trading plan: SELL confirmation with a minimum potential profit of 550 pips. Risk/Reward : 1:4 Potential Duration: 4 to 8 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2