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PRZ

GBPJPY SHORT: 3 Harmonic Patterns + Wolfe Wave + PivotsGBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X. KILL ZONE CONFLUENCE: Bearish cypher pattern completion 2.24AB=CD (cypher) 1.618BC projection (cypher) Bearish bat pattern completion 1.272AB=CD (bat) 1.618BC projection (bat) Bearish crab pattern completion 1.618AB=CD (crab) 2.382BC projection (crab) Bearish Wolfe Wave setup Unhit weekly pivot below price Thanks for viewing and please don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Short
by glennmercer
2
SHORT GBPJPY: 6 ReasonsGBPJPY has completed a series of bearish patterns. Two bearish Wolfe Waves are entering a their sell zones. A bearish Gartley pattern makes for a good place to enter. The Gartley PRZ is confluent with trendline resistance. SL is placed above X/5/5 with target at the unhit weekly pivot. Confluence in the PRZ: 1. Large bearish WW pattern potentially complete 2. Small bearish WW pattern potentially complete 3. Bearish Gartley pattern complete 4. Trendline resistance 5. .886AB=CD 6. Unhit weekly pivot below price GARTLEY 15M Thanks for viewing and follow for future updates and more trade ideas!
Short
by glennmercer
LONG USDCAD: Possible Butterfly Complete at Trendline SupportUSDCAD may potentially be completing a bullish butterfly pattern at a key support trendline that dates back to May, 2015. At the butterfly completion point, there are three key levels that are precisely confluent: 1.272XA, 2.24BC, and 1.5AB=CD. To add to the bullish bias, MACD and momentum divergence are present on the 1HR TF and an unhit daily pivot sits above price. This pivot provides a nice target as it coincides with the .618 retracement of the butterfly CD leg. SL is placed below the long term trendline support. Confluence in the PRZ: Bullish butterfly pattern completion Long term trendline support Bullish MACD Divergence Bullish momentum divergence Unhit daily pivot above price 1.5AB=CD 2..24BC Projection Thank you for viewing!
Long
by glennmercer
Short EURJPY: 5 ReasonsEURJPY is showing bearish price action in the PRZ of multiple confluent harmonic patterns. After completing a bearish bat, price was rejected at the PRZ and is retesting the reversal area. In this area we have two bearish butterflies that have completed at trendline resistance and a bearish Wolfe wave setup as well. To add to the bearish bias, two unhit weekly pivots sit below price. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Two bearish butterfly pattern completions 3. Unhit weekly pivots below price 4. Bearish Wolfe wave setup 5. Trendline resistance Thank you for viewing and please don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Short
by glennmercer
EURNZD: The week of HarmonyWe have another harmonic moves on FX:EURNZD . This is ABCD pattern, which is almost completed and it is a good time to go long. We have a very nice structure at this level, look left and confirm. Our targets will be 1.7370-1.7570 levels. But watch 1.7292 level, it might be a hard shell to breakout. Avto_T Green Luck ----------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Long
by RCP
GBPAUD: The great setup to go longHello traders. FX:GBPAUD is ranging between the channel and making harmonic moves as we see on the chart. the best opportunity to get involved in is to wait until the price finishes ABCD pattern @2.1260 at the channel support level and then go long. Besides this ABCD pattern is in 3 drives pattern. If you look left we have a very nice structure at this level. As we see the C leg of the pattern reversed at the edge of the channel which was the 3rd retest with the confluence of 200MA and long pinbar. Avto_T Green Luck --------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Long
by RCP
8
Short GBPUSD: Bearish Crab + Pivot Cluster + Wolfe + S/R GBPUSD has formed a potential bearish crab which contains a PRZ that coincides precisely with an unhit pivot cluster and a potential Wolfe Wave target. As profits are taken at the pivots, price may have a tendency to reverse quickly and drastically. SL is placed above a significant support and resistance area. Profit is taken at the PRZ of a potential bullish butterfly pattern confluent with a Wolfe Wave buy zone. If trade is triggered and target is hit, I will look for PA reversal signs at the bullish butterfly/Wolfe wave PRZ. Confluence in the PRZ: 1. Bearish crab pattern completion 2. 3.14BC projection 3. 2.5AB=CD completion 4. Unhit monthly pivot for October, 2015 5 Unhit weekly pivot 6. Significant S/R area 7. Potential WW target Thanks for viewing and please don't forget to take a second to click the thumbs up button and follow for future updates and trade ideas!
Short
by glennmercer
NZDUSD: The Great OpportunityI see a great opportunity to go short on FX:NZDUSD . We have a very nice triangle pattern with very interesting key confluences: 1. Price has tested the triangle resistance once more 2. Fibs 78.6-88.6 (little one) 3. Fibs 61.8 (big one) 4. Nice shooting star candle. Our targets are: 1. Next triangle support level 2. Nearest structure support 0.6290 3. Fibs extension 1.272, which will be the completion of potential gartley pattern, and there we will have an opportunity to go long Keep an eye on this pair! Avto_T Green Luck ---------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
Long EURNZD: 10 Reasons!EURNZD is completing a conglomerate of potential harmonic patterns to produce a highly confluent kill zone. In addition to a host of pattern completions, there is added support from a long term trendline and another strong S/R area further below price. SL is placed below the S/R area and targets placed at the .382 and .614 retracement of CD. Confluence in the PRZ: 1. Bullish Gartley pattern completion 2. Bullish crab pattern completion 3. Bullish deep crab pattern completion 4. Bullish butterfly pattern completion 5. 2BC Projection 6. .786XA 7. 2.13AB=CD (Coincides with its .886AB reciprocal ratio) 8. 2.618BC Projection 9. Long-term trendline support 10. Strong S/R area Thanks for viewing and please don't forget to take a second to click the thumbs up button and follow for future updates and more trade ideas!
Long
by glennmercer
SHORT EURAUD: BAT + 2 TRENDLINES + PIVOTSEURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Significant trendline resistance 3. 2BC projection 4. 2.618AB=CD 5. Missed pivots below price Thanks for viewing! Click agree if you found this information useful.
Short
by glennmercer
GBPCAD OUTLOOK: BULLISH SHARK TO BEARISH 5-0 CONTINUATIONMy daily outlook on GBPCAD is bearish, but I see one more bounce occurring before bearish PA continues. A bullish shark will potentially be completing at point 4 in a parallel channel. Traders who are short this pair, like myself, may think about taking profit in the PRZ and re-entering after this move is completed. Alternatively, this may be traded as a scalp to grab the pips off the bounce of the bottom parallel. Either way, I expect this setup to produce short term bullish movement before the bearish 5-0 pattern continues to target. Short-term long targets are placed at the .382 and .618 retracements of the shark CD leg. When I re-enter short, I will take profit at either the 1-4 WW target line or the 1.272 5-0 projection, whichever target is hit first. Overall Bearish Outlook: Bullish Confluence in the PRZ: 1. Bullish shark pattern completion 2. Parallel channel support 3. 1.786AB=BC 4. 1.618BC projection Thank you for viewing!
by glennmercer
EURJPY: Very interesting setupSunday morning traders! For Monday there is a very nice shorting opportunity on FX_IDC:EURJMD There is a very nice structure resist zone with the confluence of fibs -38.2-50.0. If you look left we see these key levels, which are our reversal zone and price is more likely to fall down until 133.67 for target 1 and 133.15 for target 2. Lets see what the price does on Monday. Avto_T Green Luck --------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
1
SHORT NZDUSD: WOLFE WAVE + GARTLEY + TREND FOLLOWINGNZDUSD completed a bearish Wolfe Wave pattern last week and is nearing the PRZ of a bearish Gartley to possibly continue its movement south. This pair has been in a 14 month long downtrend and the steep pitch of the 1-4 Wolfe Wave target line signifies a deeper continued drop is possible. Those who missed the WW sell entry will have an opportunity to enter when price approaches the Gartley PRZ. If price should pass through the Gartley PRZ without showing signs of reversal the next levels I will look for are the completion of the bearish butterfly and bearish crab patterns. Targets are placed at the .382 and .618 retracements of AD and longer term traders may want to monitor price action for signs of bearish trend continuation. Bearish Confluence: 1. Bearish Gartley pattern completion 2. AB=CD pattern completion 3. 1.618BC projection 4. 14 Month downtrend 5. Bearish Wolfe Wave Thank you for viewing!
Short
by glennmercer
EURAUD: Still BearishGood morning/evening traders! As we hit our targets from yesterdays trade on FX:EURAUD , I see another good opportunity to go short again. This time we have a H&S setup, and price has broken the neckline, now I am waiting the retest of neckline to become a resistance for more confidence and the go short all the way down until the key support level @1.5674 and the secondary target could be 1.5619. But the best choice is the first one. Avto_T Green Luck -------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
EURAUD: I Smell Bears!Here on FX:EURAUD is a very nice shorting opportunity. The price is entering the reversal zone which is a strong structure zone, look left for more confluence. We might see a double top and then fall down, or straight fall down. I prefer to wait the double top for more confluence, and then go short all the way down to the next structure levels: Target 1 and Target 2. Our stops go above the resistance level. Avto_T Green Luck -------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
3
Short EURGBP: Crab + Bat + Strong S/RAfter a strong rally today, EURGBP looks as though it is ready for a pullback. A bearish bat is complete at the same level of the completion of a bearish crab. Stops are placed above strong S/R with targets at the .382 and .618 retracement of CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish crab pattern completion 3. 2.618BA projection 4. 4.618BC projection 5. Strong resistance area Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
Short
by glennmercer
Short EURAUD: Bat + Alternate Bat + Wolfe WaveEURAUD showed great strength today after hawkish comments from ECB president Mario Draghi sent it rallying through my previous PRZ. I am again bearish on this pair as there are two bat setups completing near an optimal Wolfe Wave sell zone. A new daily pivot sits below price to add to the bearish bias. Targets are placed at the new pivot and near the 1-4 WW target line. Confluence in the PRZ: 1. Bearish bat completion 2. Alternate bearish bat completion 3. Wolfe Wave sell zone 4. 2AB=CD 5. 1.786AB=CD 6. 3BC Projection Thanks for viewing and don't forget to take a second to click the thumbs up and follow for future updates and more trade ideas!
Short
by glennmercer
NZDUSD: Harmonic Trade On FX:NZDUSD we have a nice potential cypher pattern. Our stops go above the resistance level 0.6330, this level is pretty nice. And our targets will be fib 38.2 and 61.8. As we see price has broken structure level of B leg and now wait the pattern completion. Avto_T Green Luck -------------------------------------------------------------------------------- ATTENTION: Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Short
by RCP
Short EURAUD: Bat + Crab + Shark + AB=CDEURAUD is completing a potential combination of 4 short harmonic patterns within a tight PRZ. In addition to bearish Crab, Bat, and Shark patterns an ideal AB=CD reciprocal ratio (.618/1.618) will be complete in the same area. Targets are placed at the .382 and .618 retracements of the CD leg. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish crab pattern completion 3. Bearish shark pattern completion 4. 1.618AB=CD 5. 1.618BC projection Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
Short
by glennmercer
1
USDCAD: Close to Short LevelHello Traders! Today on my radar is FX:USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a probability of breakout and rally up and make new highs. But here is the issue: The price is the 11 years high, and according to this 1 month consolidation phase, I assume price has lost the steam and its time to come down and set our targets @1.3204. If you are a swing trader you can adjust the targets according to your edge. Avto_T Green Luck ----------------------------------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information and reserve your seats my friends! Follow me and be the first to enter our world! Pre Launch Survey Fb Group Twitter
Short
by RCP
7
Short GBPAUD: Bat + Butterfly + AB=CDGBPAUD is forming a potential confluence of 3 pattern completions in a tight PRZ. In addition to a precise alignment between the completion of a bearish bat and a bearish butterfly, an ideal alternate AB=CD reciprocal ratio completes in the area as well (.707/1.41). Targets placed at the .382 and .618 retracement of CD. Confluence in the PRZ: 1. Bearish bat pattern completion 2. Bearish butterfly pattern completion 3. 1.41AB=CD 4. 2BC Projection Thanks for viewing and please take a second to click the thumbs up and follow for future updates and more trade ideas!
Short
by glennmercer