Hello, fellow traders! AUDUSD presents an enticing opportunity for long positions, backed by the confirmation of a Bullish Fib-3 Bat Pattern on the 4-hour chart and a Bullish Wedge Breakout on the 1-hour chart. Let's explore three effective ways to engage this trade: 1. Retest on Support Line at 0.6613 (1-Hour Chart) - Strategy : Wait for a retest of the...
Hello, traders! I’m on standby to short the USDJPY, and here's why this setup is compelling. This analysis covers two crucial parts, providing context and strategic entry points. Part One: Macro Fundamentals 1. China’s Treasury Offload : - China sold $53.3 billion of Treasuries and agency bonds in Q1 2024. This reduction in US dollar assets can impact...
The RSI on the daily has begun to rollover as the SPX appears to have rejected off of the Bearish Alternate Bat HOP level. There does not appear to be much nearby support within the range the SPX is currently trading in so if it gets back below the previous All-Time High I could see it coming back down to around $5100 maybe even $5000 - $4800. This all seems to be...
The yields within the bond market are hinting towards a reversal in Gold and potentially other metals today, however, Gold right now is sitting at the HOP level of a Bearish Alt-Bat. If GLD were to reverse here, we would see it as a type 2 return which could result in Bearish price-Action beyond just the intra week but extended to the entire macro trend as a...
Nifty forming bat pattern.wait for confirmation . Nifty continue giving rally for straight 9 bar . Bank nifty and nifty showing divergence
Hello Traders, Trust trading has been great for you all. Here is my brief analysis of the AUDCHF pair. The AUDCHF pair shows a bullish bat pattern, indicating a potential upward reversal. This pattern was spotted in February and has been responsible for the upward rally noticed on the pair since the first week of February. There appears to be more room to the...
The golden market seems to have been making higher lows on its way up, so we might expect another retest on our previous minor resistance resulting in another HL before price pushes higher to break the main resistance. But also keep in mind that price formed a bearish harmonic pattern which may cause the bullish structure to fail when reaching the main...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
We can attempt to short GRTUSDT from specified level as it is trading in Bat Pattern (Bearish Harmonics Reversal Pattern) , also there is bearish divergence indicate that it moves downward. SL , TP mention in chart.
The EUR/CHF currency pair is currently exhibiting a Bearish Bat Harmonic Pattern (XABCD) on the 4-hour chart. Point D, identified as the Potential Reversal Zone (PRZ), aligns with a critical Key Resistance area and intersects with a significant 4-hour Trend Line. This confluence of factors strengthens our bearish bias and suggests a potential bullish trend...
Currently in holding pattern to see if entry is a go... targets found. 4H
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Hi dear friends, hope you are well and welcome to the new update on SafePal (SFP) with US Dollar pair. Recently we caught almost 14% pump of SFP, as below: On a 4-hr time frame, SFP has formed a bullish BAT move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
We can attempt to buy DOGEUSDT at breakout of LH (also parallel channel support , Bullish Bat Pattern , bullish divergence on 1 hour timeframe occur indicate that it will move upward) SL , TP mention in chart.
CADNZD is showing signs of a potential bullish reversal based on the formation of a Bullish Bat Harmonic Pattern (XABCD) with Point D coinciding with a Potential Reversal Zone (PRZ). This zone is further supported by key factors including a significant support area, a 4-hour trend line, and a bullish divergence on the RSI indicator. Bullish Bat Harmonic Pattern:...
Breakout from B point = BAMM. Will watch for retest of breakout point.
A double bottom has been presented to us which appears to be a bullish dragon if it breaks above the downward sloping resistance line. To strengthen our argument, the double bottom also shows us classic bullish divergence on the MACD and the RSI oscillators which implies higher price action. This all makes sense if we forecast a bearish bat as it has...