EURUSD Price movement prediction 12-10-2020Using the triple trap strategy, these are opportunities I see for this pair. In daily, EU broke the 50 SMA and we can see lower time frames above 50 too, so good opportunity for buys, waiting for retest to the golden zone for buys, we also have another confluence of harmonic pattern that it may retest to golden zone. if it breaks the green zone downside, and retest looking for sells.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
EU
EUR/USD WEEKLY OUTLOOKThis is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have posted above! if dxy next move takes it downwards after trumps stimulus talk. expect eur/usd to rise uptowards 1.19.
EURUSD Price movement prediction 6-10-2020Using the triple trap strategy, these are possible setups of this pair. As EU didn't retest the zone from previous setup resulting in fakeout, and broke the zone and channel, now waiting for retest and rejection from fib golden zone before falling down.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
Bearish Gartley (Daily)The Gartley Pattern , is a harmonic pattern discovered by H M Gartley and outlined in his book 'Profits in the Stock market', published in 1935.
The pattern was further defined using specific Fibonacci levels by Scott Carney which he outlined in his book 'The Harmonic Trader', published in 1998.
The pattern incorporates the 78.6% retracement of XA, as the defining element in the Potential Reversal Zone (PRZ).
The B point must be at the 61.8% retracement of XA. The Gartley utilizes a minimum 127.2% projection of BC .
In addition, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 78.6% retracement of XA and the BC projection.
This is the first of two potential Harmonic patterns on the Daily time frame signalling the continuation of the current bearish retracement on EUR/USD.
ENTRY = 1.18163
STOP = 1.18719
TP1 = 1.17383
Bullish Crab PatternThe Crab is a precise Harmonic pattern that was discovered by Scott Carney in 2000.
The Crab is a distinct 5-point extension structure that utilizes a 161.8% projection of the XA leg exclusively. This is the most critical aspect of the pattern and the defining level in the Potential Reversal Zone (PRZ).
The extreme (261.8%, 314%, 361.8%) projection of the BC leg compliments the 161.8% extension of XA.
Due to the extremity of the projections utilized in the completion of the pattern, the Crab frequently experiences sharp price action and dramatic reversals.
It is common for price action to possess extreme ranges, quickly testing the Crab PRZ during the reversal. In fact, the price action experienced in Crab pattern completions is usually the most extreme of all of the patterns.
Despite the typically severe reversals, the focus of the pattern’s completion should examine the 161.8% projection of XA.
As I am yet to post a complete tutorial for the Crab pattern I did not publish this idea prior to entry, but due to it's significance to the current Bearish Gartley pattern on the Daily time frame I have published this live version to show confluence for the entry point of the Daily Gartley.
EURUSD Price movement prediction 5-10-2020Using the triple trap strategy, these are possible setups of this pair. As gold has entered consolidation recently but since the price is at the top of channel and if the price hits the zone 3 rd time there will be a triple top situation and could go for sell or if it broke the trendline and zone we have opportunity for sell too.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline)
EUR/USD Continuation at 61.8/ LH? 14:36:30 (UTC) Mon Sep 28Looking to take the Euro short this week, with textbook market structure aswell as confluences combined with the DXY (U.S. dollar) which looks to be forming support to take it thus further breaking resistance at 94.5 to a weekly upside of 95.5
EURUSD Price movement prediction 28-09-2020Using the triple trap strategy, these are possible setups of this pair EU has been in down trend ( we can see it making lower lows nd highs). On Friday it broke the previous support, which tells the EU may drop, currently waiting for the retest to the zone and if we draw Fibonacci, we can see the previous support aligns with the 61.8 zone. this shows that it is a high probability setup for sell.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).