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Xabcd

GBPJPY: Trend continuationCypher pattern appearing on GBP/JPY. RSI confirms a bearish bias, therefor short positions have been taken. Grey highlighted box illustrates a price in which the market found both support and resistance within a relative short period of time. Some people will say the chart looks like a Head & Shoulders, and I would agree if I did not know better. If you look on the left side on the chart, you will see that we have plenty of room to go in terms of demand which probably will end up getting filled atleast once again. We could potentially end up testing the initial support at a very psychological and major support level at 124. Hope you enjoyed the analysis and good luck to all trading GBP/JPY!!
Short
by MikulovicFOREX
2
Harmonic Butterfly PatternPosting this XABCD pattern late although I had this drawn up on my chart since the last day now. T1 has already been hit and potential for T2 to hit. The indicators on 4H still show further potential downside. Also, the measured moved of this potential bear flag will nearly reach T2. If the PA reaches the breakout zone, then we can expect a temporary reversal for further downside. But take this with a grain of salt as it is post-halving and the bulls have been very strong. Thanks for taking the time to read this idea. If you found it interesting, please support my efforts by leaving your feedback or questions below and upvote this chart. Cheers! These ideas are not financial advice.
Short
by AfterlifeTrading
3
NZDCHF > Potential Harmonic Bat Pattern!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #NZDCHF Prices could be forming a Bat pattern, you could be aggressive and set limit order or wait for confirmation to enter Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
1
AUDUSD > Simple Bat Pattern !Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #AUDUSD Prices could be forming a Bat pattern, you could be aggressive and set limit order or wait for confirmation to enter Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
2
AUDCHF > Simple Bat Pattern !Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏. Analysis of #AUDCHF Prices could be forming a Bat pattern, you could be aggressive and set limit order or wait for confirmation to enter Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌 Check today analysis below Stay safe everyone _____________________________________________________________________________ Before trading our ideas make your own analysis. _____________________________________________________________________________ Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
by TheTradersAvenue
1
EURUSD Bearish Gartley pattern on previous highsHello traders, I uploaded the idea earlier with the GBPJPY chart, so here is the correct one. Yesterday our Gartley pattern didi it more than great on GBPJPY . See related idea. We have a similar trading setup today on EURUSD . Althouth we have to be carrefoul! If the pattern complete its formation that means that the price has broke above 1.095 which is our resistance. So we have to keep an eye in lower timeframes to support better our idea. Stop losses very tight in order not to risk if it is an actual break. Take care Kind regerds, Michail Sideris
Short
by Michail...Sideris
1
EURNZD plunged after the RBNZ interest rate decision!EURNZD plunged after RBNZ interest rate decision but technically trend is still bullish, currently prices are forming a 2-step (XABCD) pattern which ideally will continue to bring EURNZD to continue its upward movement, we still have to look price development at key support level before placing any buy order. be patient! Plan : wait for price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
EURGBP trade idea update on H3Note : I still see the market bias has not changed in this pair like my previous analysis (link below), but as price development progresses we see the XABCD bullish continuation pattern formed, so let's use this opportunity and here is the plan Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EURJPY trade idea on H4Plan : wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX