SNAP PRZ Stabilizing < 15SNAP turning bullish today after test < 15.
RSI stabilizing on daily chart.
SNAP HERE!
Potentialreversalzone
USDCAD - Down Trend - Its unlikely that Resistance Break Potential Dip Sell - Wait two candles to exclude a breakout!
Potential set up EURGBPPrice has been in a consistent short-medium term downtrend. All signals are pointing to continued bearish momentum on this pair. My next zone of interest is the PRZ as shown on the chart. If price follows the rules of the Harmonic pattern in place, then there should be a very good potential setup for a bullish run.
Bullish BAT Pattern - CADCHF (240 Mins)Hello Traders,
I have observed a potential bullish bat pattern on CADCHF 4 hours chart. Here, PRZ is made of 0.886XA, 1.27AB=CD, and 1.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:.1.4 for Target-1 and 1:2.2 for Target-2.
Happy Trading!!!
Bullish Harmonic - GBPAUD (60 Mins)Hello Traders,
We have a potential bullish bat pattern setting up on GBPAUD hourly chart. If pattern completes, we expect price to resist in PRZ and set us up for long opportunity. Here, PRZ is made of 1.27AB=CD, 2BC and 0.886XA Fibonacci ratio confluence. This potential trade setup has a risk/reward ratio of 1:1.4 for target1 and 1:2.2 for target2.
Happy Trading!!!
Bullish Gartley - USDCHF (240 Mins)Hello Traders,
I have observed potential bullish gartley on USDCHF 4 hours chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.786XA, 1.27AB, 2BC, and AB=CD Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1 for Target-1 and 1:1.7 for Target-2.
Happy Trading!!!
Bullish Gartley - AUDCAD (60Mins)Hello Traders,
I have spotted Bullish Gartley Pattern on AUDCAD hourly chart. Here, PRZ is made of 0.786XA, 1.27AB and AB=CD Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1 for Target-1 and 1:1.6 for Target-2.
Happy Trading!!!
Bearish BAT - CADCHF (60 Mins)Hello Trades,
I have observed bearish bat pattern on CADCHF hourly chart. I am expecting price to resist in potential reversal zone and reverse. Here, PRZ is made of 0.886XA, 1.27AB=CD and 2.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
Alternate BAT Pattern - GBPUSD (60Mins)Hello Traders,
I have spotted alternate bat pattern on GBPUSD hourly chart. Potential Reversal Zone (PRZ) overlaps with previous structure support. It looks like a high probable area for reversal. This potential set-up has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading.
Bullish BAT - AUDUSD (60Mins)Hello Traders,
I have observed Bullish BAT pattern on AUDUSD hourly chart. Potential Reversal Zone (PRZ) is highlighted for BUY entry. This harmonic trade set-up has a risk/reward ration of 1:1.5 for Target-1 and 1:2.4 for Target-2.
Follow this idea for further updates.
Happy Trading!!
USD/JPY Shark Bullish Setup 111.200USD/JPY
-potential long opportunity at the D leg completion of bullish Shark setup.
Stop loss would be 20-30 pips of D
Target 1 - 112.856
Target 2 - 113.651
Potential Bearish Harmonic - NZDCHF (4Hr)Hello Traders,
I have observed potential Bearish Bat Pattern on NZDCHF 4 hour chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 2.24BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
Bullish Bat - AUDCAD (4Hrs)Hello Traders,
I have observed Bullish Bat Pattern on AUDCAD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 0.886XA, 1.27AB=CD and 1.618BC Fibonacci ratio confluence. This potential trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.4 for Target-2.
Follow this idea for further updates.
Happy Trading!
Bearish Harmonic near structure - EURNZD (60mins)Hello Traders,
I have spotted Bearish Butterfly Pattern on EURNZD. I have highlighted Potential Reversal Zone (PRZ) for short entry. Here, PRZ is made of 1.27XA, AB=CD, 2BC and 2.24BC Fibonacci ratio confluence. I am expecting that price will resist in this area and reverse.
Follow this idea for further updates.
Happy Trading!
Potential Bearish Harmonic - USDCAD (1Hr)Hello Traders,
I have observed potential Bearish Bat Pattern on USDCAD hourly chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 1.618BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward ratio of 1:1.35 for Target-1 and 1:2 for Target-2.
Follow this idea for further updates.
Happy Trading!
Bearish Harmonic Pattern GBPNZD (Daily)Hello Traders,
Here is another potential Bearish Bat Pattern on GBPNZD daily chart. Potential Reversal Zone (PRZ) is highlighted for Short Entry. Here, PRZ is made of 1.618BC, 0.886XA and 1.27AB=CD Fibonacci ratio confluence. This potential set-up has a risk/reward of 1:1.4 for Target-1 and 1:2.2 for Target-2.
Follow this idea for further updates.
Happy Trading!
Bearish Harmonic Pattern - GBPJPY (Daily)Hello Traders,
I have observed potential Bearish Gartley formation on GBPJPY. Potential Reversal Zone (PRZ) is highlighted for short entry for potential swing trade. Here, PRZ is made of AB=CD, 1.27AB and 0.786XA Fibonacci ratio confluence. This potential set up has a risk/reward ratio of 1:1.2 for Target-1 and 1:2 for Target-2.
Follow this idea for further updates.
Happy Trading!
How to use Advanced Patterns in Technical ScoringI just put out a video breaking down the GBPUSD. On the chart here we have a massive Potential Cypher Pattern. Now although I trade Cyphers, I cannot enter into any trade with more than 100 pips of risk per my trading plan. So instead I am going to use the Cypher pattern as part of my overall technical scoring system. Now along with the Cypher you also have a potential AB=CD pattern, Structure and Fibonacci confluence rounding out our potential reversal zone.
If you would like to see how I did this, here is the link to the video: youtu.be
Otherwise you can just keep an eye on this potential reversal zone and we'll see what happens. Either way, Good luck and Good Trading.
Crude Oil, Bearish GartleyPotentially it would reverse around the 0.786 / 0.886 area for a sell setup.
Watch it and trade with care.
AUDUSD : two breakdowns = first indications of weaknessThe AUDUSD pair is inside an upside trend, since June 2016. Higher tops and higher bottoms were defining that trend.
Currently, there are the first signs of a potential weakening bullish dynamic :
- The pace of the progression is slowing down , as shown by the break of the ascending trendline support. This was the first signal that should have raised our attention.
- The previous short term bottom (0.75576) has been broken too .
These two elements happened on the same day.
The next step to see if the AUDUSD is really constructing a reversal is the support at 0.75065, which is reinforced by the 200 days moving average . If that level had to be broken too, we would be looking for short term bounces to find opportunities to enter short on that pair.
Stay tuned, and feel free to leave a comment with your opinion
NZDCAD Pending sell Option EODWaiting for a nice pull back to short it.!!!!
Maybe a rejection at resistance zone.!!
