ABCD Pattern is the fundamental/building block of the Harmonic Pattern. Like its counterpart, the pattern is designed on a counter-trend trading opportunity. What I like about this setup is that it came into the previous consolidation zone. I'm not a big fan of trading crypto but is no harm to consider buying at this range. Conservative traders can wait for...
FX:AUDCAD is sitting in the Buy Zone. We have a real nice AB=CD GArtley down to 0.9300. Below 0.9280 and this pattern is wrong but it has an upside profit objective @ 0.9630 which would complete a 3 Drive pattern going into the 4th of May if time and price are right. Simple but effective. Small risk big reward. 👍👍 Enjoy the week. As always post your...
In the AUDUSD this morning we are in the later stages of a 3 Drive pattern into a 61.8% Fib level. There hasnt been a decent retracement to sell but now im thinking this could be the start of the first retracement to take us back up to the 0.75 area and if there is a nice ABCD pattern back up then that will be the chance to flip from long to short. Monday...
AB=CD pattern spotted as 0.782 and his reciprocal 1.27. It already reacted and the candles indicated to sell. We entered the trade at 5:15 am (UTC-6) with 0.25% risk.
#DOGE/USDT $DOGE is at support of 0.5 and 0.618 fib level of last swing high. 🐮 holding this support that is the same with ascending support line will head up price toward descending resistance and break out from this resistance will increase price to resistance zone between $0.2 and 0.22 to complete AB=CD pattern. 🐻 there is a head and shoulders pattern that...
Hello traders. I see potential BAT pattern and potential AB=CD pattern in BTCUSD H1 chart. If point B is broken, we should wait for point D. Good luck everybody.
I prefer to short USDRUB pair in shortterm based on fact that probable flag was almost broken downside. However, a break could be a false one. That's why Risk management is absolutely mandatory here. Always base only on your own decisions.
You could see that I was very bearish estimated regarding this pair since January 2017... however... it has never met my estimations. And now I would also prefer to short it... however this picture.... crossed MAs + flag + ABCD structure have prevent me from short... moreover... I will try risky approach and long a pair from current. This is very very risky...
It often happens that some figures appear and we don't believe it. Our minds tell(suggest) us that it is impossible. However, after some time it's just normal for us. I always try to be very careful with my thoughts and predictions when I meet ABCD, H&S, Channel or Triangle patterns. They all often work well. Happy trading to everyone!
We have just seen as MAs (77&200) has crossed on Weekly (!) chart. You could remember what Gold falling has started after MAs (44&77) had crossed on Daily. However... 200SMA & Weekly make much more solid sign. So the sign is very important in our understanding of a market. That's why I still do keep a short side. Let's migrate into 4h chart now. And again......
I do hope so!
Let's do hope for a best!
Flag + ABCD pattern could lead to huge Gold's falling.
Looks like ABCD pattern appears here. Let's do hope for a best!
Why not?
While price stays below of potential C point I would prefer to short it.
If you follow my ideas you know that I am strong Bull in EURNZD. I have had loses because of it recently however I still do believe in it's HUGE rising potential. What could I see on a chart: 1 . Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling...
It is very promising sign that possible C point has formed in a winter, the season when huge rises had happened in this asset previously.