Harmonicsignals
Gold going up after forming Gartley patternAfter forming the Gartley pattern on the 8th of March, gold seems to be going up again.
The Gartley formation can be supported by the 38,2% Fibonacci retracement level:
If the current move gets negated, we also have a possible Butterfly pattern forming at $1560:
Scripts used in this analysis:
Harmonic Scanner Pro
Harmonic Predictor
EURGBP correction, then shortEURGBP market is very bearish on all timeframes on the daily price recently broke below daily support with a strong bearish impulse, after a impulse you expect to see a correction and market to go and retest support as new resistance, also on the daily market has formed this over extended M giving us a overall upside correction target, we will be waiting for market to break above this downtrend and form a new higher high from a 1hr perspective also forming this nice inverted head and shoulders then we can look to take the intraday long position entry on the right shoulder.
Butterfly pattern on Daily. Bias: EUR > NZD. Important level.Long trade on Daily timeframe for EURNZD at important level.
Butterfly pattern formed perfectly on Daily timeframe.
Zig zag low point is reached and forming another bullish line.
RSI reached oversold level and bounced upward.
Trade details:
Entry at: 1.67605.
TP: 1.74000
SL: 1.66250
Price already bounced upward. This is a swing trading.
Good luck.
Crab pattern on 1 H. Important level. JPY strong bias (mid-term)Short trade on 1 hour timeframe.
Crab pattern formed at an important resistance level.
Zig zag peak point is reached and forming another bearish line.
RSI forming for the downward momentum.
Trade details:
Entry: Around 80.715 to 80.650 (Price need to brake the horizontal red line first)
TP: -TBD on update-
SL: -TBD on update-
--Stay tuned for the update--
*If you like this trade, please like and share this trade so we could help others gain profit as well*
Crab pattern on 1 H. Bearish forming. AUD weaker bias (mid-term)Short trade on 1 hour timeframe.
Bat pattern formed at an important area forming bearish momentum.
Zig zag peak point is reached and forming another bearish line.
RSI already in the downward momentum.
Trade details:
Entry: 0.98230 (Price need to brake the horizontal red line first)
TP: 0.97800
SL: 0.98600
*If you like this trade, please like and share this trade so we could help others gain profit as well*
EURAUD-Long. Gartley pattern on 1 Hour. EUR > AUD(mid-term)Long trade on 1 Hour timeframe. Mid-term bias--: EUR stronger than AUD.
Gartley pattern formed perfectly.
RSI zig zag lowest point is reached and forming another bullish line.
RSX bounced from oversold level going upward (might have another minor wave triggered).
Price trading at the Daily bullish trendline (orang-color line)
Trade details:
Entry: 1.57350
TP: 1.58300
SL: 1.56640
*If you like this trade, please share this trade so we could help others gain profit as well*
USDJPY-Short. Crab pattern on 4H. USD on resistance.Short trade on 4 hours timeframe.
Crab pattern formed perfectly on 4 hours timeframe at an important resistance level.
Zig zag peak point is reached and forming another bearish line.
RSI currently forming for the downward momentum.
Trade details:
Entry: Around the area of 105.350 to 105.125.
TP: -TBD on update-
SL: -TBD on update-
We will keep the attention on the bearish break of the pink-colored trendline.
--Stay tuned for the update--
*If you like this trade, please like and share this trade so we could help others gain profit as well*
EURCHF-Short. Butterfly pattern on 1 Hour. EUR weaker than CHF.Short trade on 1 Hour timeframe for EURCHF.
Butterfly pattern formed perfectly on 1 hour timeframe.
Zig zag peak point is reached and forming another bearish line.
RSI reached overbough level and crossed LSMA going down.
Trade details:
Entry at: 1.08050 to 1.08045. I am waiting the break of the yellow rectangle area and/or at orange trend line .
TP: TBD. Maybe 1.07830
SL: TBD. Maybe 1.08320
Trade will be at the break up of the yellow rectangle area and/or at orange trend line .. At the moment price still in the indecision.
EURCHF-Short. Butterfly pattern on 1 Hour.Short trade on 1 Hour timeframe for EURCHF .
Butterfly pattern formed perfectly on 1 hour timeframe.
RSI zig zag lowest point is reached and forming another bullish line.
RSX reached overbough level and crossed the LSMA going down.
Trade details:
Entry at: 1.08050 to 1.08045. We are waiting the break of the yellow rectangle area and/or at orange trend line .
TP: TBD
SL: TBD
Trade will be at the break up of the yellow rectangle area and/or at orange trend line .. At the moment price still in the indecision.
Using Harmonic Pattern Completions to Set Direction of TradeIn this short Tutorial I discuss using Harmonic Pattern Completions on Higher timeframes to give you direction of a trade. Then moving down to a day trading timeframe and using the xbratalgo to give signals in the direction dictated by the Harmonic Pattern. And then using the Divergence Cloud to confirm trade. I used Silver Futures as an example in this video, but the strategy is the same for stocks, forex and cryptocurrency.
I hope this helps
Introduction to Auto Harmonic Pattern Recognition SoftwareA quick guide for my New Auto Harmonic Pattern recognition and trading software. Particular attention to all the settings and adjustments that traders have to adjust the colours and look of all of the functions of the indicator.
Examples on Futures, Forex and Crypto
Possible Price Reversal In BANKNIFTY Possible price reversal can be seen from the levels 22450-22300 we can build a long position if we see a reversal candle.
IF Not ?
Then consider 22300-23100 levels as Support Levels.
IF 22300 support is broken in BANKNIFTY we may see more bloodbath then.
Build your long and short positions accordingly.
(Till then enjoy the weekend)
Trade with Proper Risk Management.
Victory is beyond fear!!
Disclaimer: I am not a SEBI Registered Analyst. Please take position after consulting your advisor.