Possible Double Bottom with good Buying. Double Bottom pattern target is 1x above the neckline - this would be around 21,950-22k. The 0.886 fib X-D also meets here, which would create a potential bearish harmonic . If this does happen, my profit target will be the 1.618 and 3.14 fibs - around 20k and 18.3k. There is a descending triangle , but I won't be...
EIGHTCAP:XAUUSD GOLD Short trade plan Aggressive entries NOW Conservative entires wait for Trendline Break and Retest. Disclaimer Charts are educational, not Investment Recommendation
Entry Reasoning: -82.00 has had strong reactions (Support) -We have two swing lows with bullish divergence -We are approaching a bullish trendline (Support) -We have a bullish bat pattern Take Profit Reasoning: -1.27 Extension of the bat pattern -Strong resistance on the daily Aggressive Buy - Put limit order at 82.02 Conservative Buy- Wait for orange...
formation of elliotwave and harmonic pattern.....get ready to buy
Some of my trading counterparts and colleagues asked me why I am so into USDCAD recently and still holding on to my trade since I shorted this pair during Xmas 2018 on a Weekly Bearish Bat pattern completion. So I decided to share this education segment to the trading community on some insights of my trading strategies. Take a look at my chart on the USDCAD H4...
Wait for price to retrace to the sell zone marked in grey and completion of the Bearish Bat Pattern. Selling with larger timeframe downward trend. Entry price around 0.7168 For more conservative traders, can look out for pin-bar / doji candles for confirmation before entering the short. Do like and share this post. Follow me if my trading style suits you as...
H1 Bearish Bat Harmonics Pattern The pattern will complete at point D however I am entering trade on a deeper price represented by the black dotted line. Reason for this is because this is GBPNZD - GBP cross pair and tend to be more volatile and higher broker spread. I saw bigger Bullish Harmonics Patterns on H4 and Daily on the Higher timeframe and gave me...
Big time frame downtrend, for those who missed the weekly Bear Bat on my previous post, this is a potential retry point. Entry: 1.3370 SL: 1.3407 (-37pips) TP1: 1.3301 (+69pips) TP2: 1.3254 (+116pips) To consider extended target based on my analysis on the weekly chart: Do like and share this post. Follow me if my trading style suits you as I will be updating...
Waiting for price to reach Point D to complete the Gartley Pattern for a shorting opportunity. Gartley completes at price level 1.2740 . Higher timeframe trend is down, hence this trade setup will be with selling with the trend. Do like and share this post. Follow me if my trading style suits you as I will be updating on a more regular basis. We are a...
Large timeframe traders dont miss this! Clean Bearish Bat Harmonics Pattern with good Risk-Reward Ratio (RRR). Saw how the completion area of the Bat Pattern coincide with previous price points (circled in red) which gives this trade setup added probability boost. These are some of the things that I look out for when looking for trade. Patience is the key...
The yellow Harmonic is a Butterfly pattern. The D point of the Butterfly will make point B of the Bat pattern (Purple Harmonic). The Bat pattern can also form into a Crab pattern, so look for reversal at the 88.6% of XA Fibonacci, if no reversal pattern look for 161.8% of AXA fib ext.