nadavhurwitz

nadavhurwitz

AB=CD pattern Bullish Hammer candle on support line (A) Price finds support on 55 & 100 moving averages. possible resistance at resistance level (B) and downward trendline (C) I recommend to move stop loss to entry point at this point since a possible reversal may occur. Share your view. Happy Trading!

nadavhurwitz

Downward resistance break out with bullish engulfing. Engulfing on support level & 55 moving average. Enter on engulfing confirmation. Stop loss below engulfing. Macro support: Weak US labor force and democratic control of government means a lot more stimulus. This supports a weaker dollar. Happy Trading:) Do you agree? Share your view:)

nadavhurwitz

Harmonic Pattern - Short Large bearish engulfing candle confirming the pattern validity. Classical approach take profit at 38.2 & 61.8 AD retracement. Alternatively you can use resistance levels and/or moving averages as TP

nadavhurwitz

Many bullish signs: Channel breakout 55 SMA Breakout Strong bullish candle MACD Divergence On 1H chart 55 SMA becomes support after acting as resistance Trade: You can enter now Stop loss below channel at around 0.8809 You can also wait for corrections and entry on a lower timeframe Comment what you think about this trade Happy Trading!

nadavhurwitz Updated 

Short at 1.3581 Stop above point D Take Profits at 38.2 & 61.8 AD retracement. MACD Divergence supports this trade Watch out for the Daily support and the wedge formation. Happy Trading! Comment your view on this trade:)

nadavhurwitz

Strong Bullish Breakthrough of an established downward resistance trendline. More conservative traders can wait for the candle to close on a 4h chart. Share your view:) Happy Trading!

nadavhurwitz

TVC:DXY On a weekly chart we see a MACD & RSI divergence. But that alone is not enough. We need to see a reversal pattern and/or structure breakthrough. So lets dig deeper: On a 4H chart we see a double bottom, with the second leg being a bullish engulfing candle. Moreover, this is accompanied by a MACD & RSI Divergence. We believe that a confirmation of the...

nadavhurwitz Updated 

FX:USDCHF The Setup Downward Wedge bullish breakthrough on 4H chart. Technical show a MACD & RSI divergence. Trading You can Enter Trade at current levels. More conservative traders can wait for the price to retest the wedge pattern. Stop Loss at 0.8846 (below last low of wedge ). Suggested take profit levels shown as white horizontal lines. ...

nadavhurwitz Updated 

Engulfing & Shooting Star reversal candle on rising wedge MACD Divergence + RSI divergence (not shown in chart) Take profit levels and stop loss shown on chart. Tip: set the TP levels a few pips higher. Happy Trading! Share your view

nadavhurwitz Updated 

NZDCAD Short Idea. Formation of a butterfly pattern with a tight convergence on the Potential Reversal Zone (PRZ) levels. PRZ converges with a rising resistance line. On a 4 hour chart we can see a large engulfing candle with a MACD Divergence. Stop Loss at 1.41 XA Take Profit 1 at 38.2 AD Take Profit 2 at 61.8 AD Happy Trading!

nadavhurwitz Updated 

A bearish Gartley Harmonic Pattern has formed. A large bearish Engulfing candle goes through the 78.6 XA and through the 1.41 BC. The engulfing candle is located on a resistance level. Stop Loss above point X Take Profit at 38.2 & 61.8 AD Happy Trading!

nadavhurwitz Updated 

Bearish Butterfly on FX:AUDUSD 1H chart. High risk traders can enter now. A more conservative approach would be to wait for a reversal candle. Supporting Parameters: Resistance trend line reached. MACD Divergence on 4H chart. Stop Loss at 1.618 XA Take Profit at 38.2 & 61.8 AD. Happy Trading! Comment your thoughts and ideas. Contrarians are always welcome:)

nadavhurwitz Updated 

FX:NZDUSD Rising Wedge formation + false break at the 5th point. This is in conjunction with a MACD Divergence. On a 4 hour chart a shooting star reversal candle is present. Short at 0.77017 Stop Loss at 0.7036 Take profit at support/resistance along the way. This trade idea supports my larger active trade shorting the NZDUSD based on a harmonic pattern -...

nadavhurwitz Updated 

EURUSD has reached a resistance level. On that level we see a large downward movements + MACD Divergence + Shooting Star reversal candle on 4H Chart Enter on reversal candle confirmation. Stop loss above the candle. Take profits along the way at possible reversal zones. Happy Trading!

nadavhurwitz Updated 

FX:NZDUSD A bearish Crab Harmonic pattern has formed on the kiwi-dollar. We have a 0.618 point B (within 3% margin) We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D. PRZ connects with resistance line (dotted). Trade Entry: On a 4H chart we see a MACD divergence. Look for reversal candle to form to enter the trade. Stop loss at 2.0...

nadavhurwitz Updated 

After a large upswing in the USDJPY, a Triangle pattern formed and price closed above the formation. This is a bullish signal. Notice that the Triangle formed right on the downward trend line from the daily chart. A successful move up in price could mean prices will continue moving up until much higher levels. Stop loss below point D. Take profit at length of...

nadavhurwitz

FX:GBPUSD A bearish Gartley Harmonic Pattern has formed. We see a almost perfectly symmetrical AB=CD pattern forming inside a channel. High Risk: Enter trade one all levels of the Potential Reversal Zone have been reached. More conservative: Wait for a reversal candle on the daily/4H chart. Take profit 1 at 1.3129 (38.2% AD) Take profit 2 at 1.2949...

nadavhurwitz Updated 

Bearish (perfect) Bat on an hourly chart. Also, Shooting Star reversal candle on the downtrend. Enter at 1.1807 Stop at 1.1835 (above X) Take Profit 1 at 1.1794 (38.2% AD) Take Profit 2 at 1.1775 (61.8% AD) Beware of possible reversal at the support line (1.17954). Happy Trading!