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382

Harmonics taking place on AUDNZD!Hey guys, i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to. The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left. Besides, also the 382 retracement of the bigger impulse lies right around there. The RSI is in oversold condition so we can start looking for price action in order to long this pair. Keep you updated! If you want to share your view, or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Harmonics in play! (AUDNZD analysis)Hey guys, i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to. The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left. Besides, also the 382 retracement of the bigger impulse lies right around there. The RSI is in oversold condition so we can start looking for price action in order to long this pair. Keep you updated! If you want to share your view, or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
7
EURJPY - Long view, waning Bear?This pair has consistently tanked into a 1 day retracement zone of 115.07(786) to 117.001 (618). Seeing that much consistency against this pair means we could be chasing a bottom, possibly. A recent fib study shows a 1st stop 116.517 (382) did in fact stop a 1st run up twice earlier in the trading session. I am keeping an eye on that recent fib study to see if we break lower towards the larger 115.07 (786) price point or if we break that recent fib 1st stop 116.517 (382). If we break 116.517 then I plan to place larger bets into the Bull market.
Long
by j_nathan
Is AUDUSD ready for a reverse?Hi guys, this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence. If price shows us some buy signal it would be a good chance to go long and make some profit, risk to reward ratio seems pretty good. Keep you updated. If you want to share your idea about this or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Double Top on USDCADHi guys, today i want to share with you a simple setup we have on USDCAD. The overall trend is bearish, and price is now testing the 382 retracement of the bigger impulsive leg. After the first failed attempt it has came up at the same level creating a nice double top. If the current candle will close red, then i will be shorting this pair, with first target at the retest of the neckline, and the second target at the bottom (around 1,33). Let's wait and see. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Short AUDCAD: Bat + Crab + Fib Cluster + PivotAUDCAD is nearing the PRZ of two bearish harmonic patterns. The PRZ is confluent with resistance from a Fibonacci cluster (.618 and .786) formed by two structure highs and lows. To add to the bearish bias, there is a missed monthly pivot below price which coincides with .618CD. Entry is placed at the center of the PRZ with SL at 1.13XA (bat) and targets at the .382 retracement of the CD leg. Confluence in the PRZ: Bearish crab pattern completion Bearish bat pattern completion 3.382AB=CD 3BC Projection Fibonacci cluster Missed December, 2015 pivot below price Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
Short
by glennmercer
2
EUR/USD Channeling up to previous High, Resistance & Fib. levelBased On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive for EUR and Negative for Dollar, this could be a fast move (1day). Then ==> I will Buy EUR/USD, I may however buy it at a slightly higher price as the price action up has already strated, but it would be safer to wait till the price drops and then but, it could also not happen. (IF EUR/USD will go up very slowly THEN i will take some profits of early) IF Today's big economic calendar events goes in conflict with a move up THEN ==> i will close my position and possibly open it again if an opportunity presents itself. Thoughts & Why's UP SIDE There is a clear channel that is going up and is likely to continue. Stochastics RSI is Oversold at 11 (11.4) Momentum is gaining Strong structure (6-8 points) US Dollar INDEX (DXY) look's like a sell along with USD/CHF ( ) so EUR/USD should go up as dollar weakens. There is also a double bottom, which is also a medium sign that EUR/USD is going to go up in short term. DOWN SIDE 1. Major Fibonacci Level 0.382 2. Structure (Confluence with Fib Level 0.382) A major 0.382 Fibonacci level at 1.3689 that and structure right there as well. When Fib Level 0.382 (EUR/USD=1.3689) a retracement will probably take place if Dollar index goes down. IF you like my ideas and want to say thanks, please like&share them. As always thank you for viewing & till next time.
Long
by Wizard
1