It looks very promising.
It looks very promising.
This idea is based on my previous idea from December 2018 Pay close attention to the chart. The EURNZD price is all you need, clean your mind from any fundamentals, news or rumors. Just draw a simple trendlines and MAs. 1. ABCD from my weekly chart from Dec 18 still looks to be valid. The time boundaries have changed, but it doesn't matter, the proportions are...
Weekly 44&77 MAs have just crossed, so it looks like the Bearish sign has happened. ABCD on Daily chart looks promising however daily 44&77 MAs have not crossed yet. This mean that this trade is very risky and not for beginners or those who prefer careful approach.
1. Triangle - 50/50. 2. Middle of a parallel channel - 50/50. 3. Opposite ABCDs - 50/50.
SL - above of Dec's highs.
SL below of Aug. lows.
no SL in such type of dynamics, high risk trade.
High Risk Trade (!).
Be careful trading Oil on current levels, just for those who tolerate High Risk Trading .
Disclaimer: This asset is not for new traders or those who don't tolerate ULTRA HIGH risks. I don't recommend this trade (also I don't recommend any other trade). This is just my market view on the current moment. It could be TOTALLY WRONG. If my view changes in the future I am not obligated to update this idea or publish a new one.
If this Weekly Level can hold and we get Follow Through Price Action then the level of the 1.13 Fibonacci Extension up at $4.35 would be our next Harmonic Target.
A break above 1.0203 will give the probability of a C-wave, which looks very good.Moving averages also support the price
According to chart analysis, There can be seen a bearish Flag, AB=CD Retracement is detected. Plan: Short Entry: 0.7757 (now) SL: 0.7993 TP: 0.6803
According to chart analysis, we can see AB=CD pattern retracement, it is in a bearish trend. Plan: Short Entry: 40239 Now SL: 41657.27 TP: 38996.62
According to chart analysis, We can see a Bearish Trend is in place and I support that a Bearish Flag can be witnessed, by taking into consideration of Support & Resistance. Trading Plan: Short Entry: 0.82767 Current SL: 0.83033 TP: 0.82122
As mentioned in the chart, if trade operate with 0.25%. I'll update if it's better to canceled depending on the end of candle.
FX:AUDUSD is setting up for a Sell signal. It has completed the upside ABCD now were looking for lower prices back down towards 0.7300. As it stands I would like to see one more rally back above 0.7500 to give us a nice Gartley Sell pattern. Smaller TF and AI charts to follow. I hope this helps. 👍👍