FullTimeTrader

FullTimeTrader

We all know the classic AB=CD but this reciprocal AB=CD is also a harmonic pattern. It usually forms within a channel. Right now we can see this textbook Reciprocal AB=CD pattern on AUDUSD-H1 chart. We have a potential short setup on D point. Trade with care!

FullTimeTrader

Low risk trade, we can see and inverse head and shoulders and trendline retested. SL below last low. Best regards.

FullTimeTrader

Nice corrective structure seems to be finished: - trendline resistance - corrective channel - 0.78 fib - minor structure - bearish divergence on MACD Best regards

FullTimeTrader

According to this analysis wave 5 is extended. In this case usually its 1.61 extension of wave 3 (near 8000). This is the level to watch for a retracement. We can see also EMA 144 is holding price nicely, it can be useful to join the uptrend. A series of previous 1-2s tell us the price will continue on uptrend long time. Best regards.

FullTimeTrader

This pattern is not well known but sometimes helps our analysis for extra confirmation. Im already short here using other tools: I found this 5-0 pattern later, therefore it gives me extra confirmation and can be confident this is a high probability trade. We can see price reacted perfectly near the PRZ. Best regards.

FullTimeTrader

Price is in consolidation forming nice harmonic pattern, we can see here two bearish sharks. Last shark has already triggered, its near a strong structure and round number 115 acting as resistance. - Double top on H4 chart (bearish divergence) Best regards.

FullTimeTrader

When looking for harmonic patterns, its better when we find and trade perfect ones (Its our money and should take care of it) They are rare but offer the HIGHEST probability trades, its almost ATM CASH! For example, this perfect bat ocurred on EURGBP-M1 chart (i remember i traded this one live) There are six requirements for a perfect bat. You can see on...

FullTimeTrader

According to my long term analysis i think this pair is starting a big correction. Its not late to join this move. Right now price is making a pullback after making a NHL (new structure low). We can see: - strong structure as resistance - 0.50 fib retracement - Elliott wave 2 or B - price is testing broken trendline - convergence on MACD Potential targets: -...

FullTimeTrader

Just like USDCAD this pair is on a strong rally, im looking to join this movement. We see on D1 chart price is testing a two strongs supports (horizontal and diagonal) Here at H1 chart: - Wave 4 completed - 0.38 fib retracement - bouncing on support - bullish divergence on stochastics and RSI (not shown) Entry and targets shown on chart. Best regards

FullTimeTrader

It seems last move is an ABC corrective structure and could finish near 1.1500 Right now price is testing broken neckline, a nice opportunity to enter short or add positions. Next strong support is neart 1.1500 shown on chart for this reasons: - Projected ABC structure (blue line) - EMA 200 as support - near round level 1.1500 - 0.38 fib retracement of wave 3 -...

FullTimeTrader

This pair has form a nice perfect zigzag visible on D1 chart. Top down analysis on W1: - 0.61 fib retracement - strong level of S/R - pinbar (shooting star) - WXY structure Here at D1 chart: - perfect ABC zigzag with its internal subdivisions (5-3-5) - corrective channel - price bouncing from top of channel We could enter short here: - Stop loss above round...

FullTimeTrader Updated 

After a big rally this pattern is starting to make a correction. Looking at W1 chart we see price is bouncing from a strong level of S/R - MACD extremely overtended and crossing MA - Stochastics pointing down Here at D1 chart we have a relatively rare chart formation used in technical analysis. When a diamond top forms, it forms at the conclusion of a long...

FullTimeTrader Updated 

It seems price can still reach new highs before a strong decline. I found this setup to join the uptrend: - 0.61 fib retracement - AB=CD pattern There two potential targets. - last high - AB=CD pattern (green) Best regards

FullTimeTrader

A perfect abcde triangle developing. There is perfect relationship between waves: c=0.61 a (purple lines) d=0.61 b (red lines) e=0.61 c (orange lines)- expected If this relationship continues we can expect last "e" wave finishing near 242 My plan will be placing buy orders at this level. First target - Last high Last target ABC zigzag completion (brown) A...

FullTimeTrader

Doing a top down analysis i found many areas where the golden ratio is present. This could mean an inminent correction, after a long rally. Looking a W1 chart we have: - 0.61 fib retracement - purple line= 1.61 blue line - strong level of S/R Here at D1 chart we have also: - 0.61 fib retracement and 1.61 fib projection - purple line= 0.61 fib line - trendline...

FullTimeTrader Updated 

Im already short here since few days ago. Price formed a perfect bearish gartley shown on chart. We see price already reacting to the PRZ, i think we still could enter short positions here. Best regards

FullTimeTrader Updated 

Lets combine Elliot Wave and technival analysis. According to D1 chart price is bouncing from a long term S/R and neckline (triple top): We see also a previous WXY structure already completed. Here on H4 chart: - 0.61 fib retracement - first convergence - trendline (channel) broken and retested - H1 expanded flat Thats all, entry point and targets are shown on...

FullTimeTrader Updated 

I think this pair is starting a big rally. Looking at D1 chart we have trendline broken and price bouncing from a previous support. On H4 chart according to this wave count i expect wave 5 to develop from current level. Stop loss and targets shown on chart. Best regards.