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PRZ

XAUEUR 60 Bearish BAT & GARTLEY PATTERNS @ 1130 ZONE!Hi guys, Here we have another advanced pattern trader's dream! 2 pattern in one chart completing within a 3 point zone! First we have the BAT PATTERN which completes @ 1130.50 for a more conservative approach. Then we have the GARTLEY PATTERN which completes @ 1127.50 for a more aggressive style. Stops go as per usual above the X leg and targets will be the 38.2% and 61.8% retracements. Thank you for your support. Plan your trade... Trade your plan. Good Luck
FX_IDC:XAUEURShort
by Krunal.Patel
GBPUSD Long on a potential Bat patternHere we try again with a new Bat pattern setup on the GBPUSD with trend, RSI going oversold soon, with minor trend. Lets hope it will finally hit our PRZ at 1,42870 Stops and targets are on the chart. I am very sorry for so many of my posts have gone invalid before they hit termination point, markets have been on some wild expansions in every direction this week. I will try get them out more close to our PRZ area. But some trades might miss to be posted if they get triggered off desk time. Kind Regards Thomas Jeff
Long
by UnknownUnicorn101425
2
CADCHF - Weekly outlookFollowing on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply Zone on the Weekly TF. Option B This is where the decision point is likely to be made if we break the Lower Low on the Weekly TF. Summary Considering the strength of the bullish momentum on the way up, we've already taken out one Supply Zone (labelled 'i'). This is true to the characteristics of an advanced harmonic pattern (in this case a Daily bearish Bat formation). If we compare the strength of the buyers vs sellers at the PRZ, I'm expecting the trade to be successful, but anticipating some serious buying resistance.
Short
by JakeSummers4x
AUDUSD: Multi SetupGood day everyone! We have a very nice 2h AUDUSD chart ready for the next week. 0.7243 is a key resistance level and 0.7010 is a key support level. In addition there is a very nice diagonal support (red trend line) which was broken recently. This is an overall view of the chart. Now let’s go in depth and build our setup. There is a very nice bullish Bat pattern which is almost completed. The completion level is 0.886 fibs of XA leg @0.7091 which is a nice support level as well if we look left. The red rectangle at this level is our PRZ (Potential Reversal Zone) where our buy limit order will be placed and stops will go about 15-20 pips below X. The best entry zone will be between 0.7110 and 0.7091. Our first target will be 0.382 Fibonacci of AD leg @0.7156. If we look this level carefully this level is a neckline of a double top, left top is A point and the right top is B point; so this will be our potential target 1. The second target is somewhere in 0.618 Fibonacci of AD leg 0.7196 and resist level 0.7156. Now comes a very interesting setup, where we are going to go short. The current setup is called 2618; which means the price has broken a neckline of double top, then it reversed and hit 0.618 fibs level which is a signal for bears to wake up. So we will do, our sell limit order will be placed at this reversal zone and stops will go above the key resistance level 0.7243. Our first target will be 0.7091 and the second target will be the key support level 0.7010. For additional confidence look at RSI, the price is at the OS (oversold) level, if we look left we see that this level acts like a support. Besides there was a divergence for double top pattern. In conclusion, this is our technical analyses for AUDUSD. Good luck and let’s see what the market does. -- www.rcpforex.com
by RCP
EURGBP / 1D / BAT PATTERN / POTENTIAL REVERSAL ZONEBAT PATTERN PAIR: EUR/GBP TIME-FRAME: 1D TRADE: BAT PATTERN Good morning traders. We have a nice Potential Reversal Zone on the EUR/GBP Daily time frame. I don't personal trade the daily, but will need to look for a case for entry on a lower time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
by UnknownUnicorn168204
EURUSD: The Great ChartHello everyone! Very nice long opportunity on FX:EURUSD . The chart says everything. So, what we have here: 1. Diagonal structure trend line, which acts like a magnet, as we see the support has become resistance @1.1330 2. 1.1330 is the completion level of bearish bat pattern and ABCD pattern. 3. we grabbed some profit from this pattern trading and the price came at B level which is a nice support for price to go long. 4. 1.1033-1.0.85 is a very nice reversal zone, where we can place our buy limit orders to go long. 5 Target will be the resistance of the trend line with the confluence of fibs 1.618. 6. If the price will not break this level and makes double top, then comes another opportunity to go short. So, this is a brief analyses of the daily EURUSD chart. -- www.rcpforex.com
Long
by RCP
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