This pair has showed divergence on 1H, 30m and 15m time frames. I selected 15m time frame for analysis. The trend was in bullish trend before the divergence and then entered into a bearish pattern. Also when in bearish pattern it entered into a descending triangle which is continuous pattern, endorsing the downward trend after divergence. I entered into the trade...
CADCHF can be seen making an ABCD Bullish Reversal Harmonic pattern in 15m time frame. Just before reaching point D (PRZ) the trend reversed to bullish due to a divergence in 5m time frame. I took an entry after applying Fib Retracement.
The Signal is:
EP: 0.66059
SL: 0.65958
TP: 0.66160
RR: 0.5%
Lots: 0.46
After analysing this pair on various time frames (1H, 30m and 15m), I have selected 15m TF because it is making a continuous pattern of a Bullish Flag. The projection of a bullish flag is complimenting the projection of the previous Cup & Handle projection. The divergence at 15m TF gave rise to the pole of the flag. I have placed a pending order of Buy Stop at the...
AUDUSD is in bearish trend in a 30m time frame after forming a divergence. Triple Top or head&Shoulder trend reversal pattern is formed and I took an entry little bit below the neckline as Market Execution (Instant Sell order).
The Signal is:
EP: 0.66515
SL: 0.66652
TP:
RR: 1%
Lots: 0.73
This pair has shown interesting characteristics and the connection this chart has shown between time frames of 1H, 30m and 15m. I noticed prominent divergence on a 15m time frame which faded away on 30m and 1H time frame. At 1H time frame I managed to plot an ABCD Bearish Reversal Harmonic Pattern and the beauty of harmonic became prominent when the PRZ (Point D)...
USDJPY can be seen in bullish trend. Earlier to the formation of the Bullish Flag there was a divergence which was more obvious in 15m time frame. That divergence caused a trend reversal which resulted in the formation of a continuous pattern of bullish flag. I have placed my pending order of Buy Stop at the breakout of the bullish flag. The projection of the...
USDJPY can be seen in a beautiful Continuous Pattern of Cup & Handle. The trend before the Cup was bullish so we can expect the continuation of the same trend after the Handle. I have also drawn the expected projection of the bullish trend. As there is no divergence in 1H or 3m time frames so I have placed a pending order of Buy Stop of 2% Risk and Reward twice...
AUDCHF previously formed a Bullish Flag or an Incline Pattern and both of them are continuous patterns. However, the projection of the Pole wasn't reached by the chart rather it entered into a Symmetrical Triangle. The Sym. Triangle could have been broken out in any direction and after playing a waiting game, it decided to breach the resistance. Seeing the...
NZDCHF was in bullish trend earlier (1H Time-Frame) and made a Reversal Pattern of Rising Wedge. The chart had a breakout in the reverse direction making it in a bearish trend. At the moment with 5m time-frame, the chart is making a Continuous Pattern of a Rectangle and probability of bearish breakout is possible. No divergence is observed. Pending order of Sell...
NZDCAD is in a bearish trend in 1H time frame. I have switched my time frame to 15min as there is no divergence is observed in 1H, 30m and 15min time frames. I have placed ABCD Bullish reversal Harmonic to predict the Potential Reversal Zone (PRZ at Point D). After determining the PRZ I placed an instant sell order by Market Execution. My TP is way above the PRZ...
AUDUSD is in sideways trend in 1H time frame. I switched to 15m time frame and observed a formation of a descending triangle which is Continuous Pattern. The chart entered into a descending triangle formation in a bearish trend and I expected it to breakout the Support level of the descending triangle and continue a bearish trend. I took a trade at the breakout of...
