Harmonic Trading - page 113
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Abuse, you are right bout one thing though, no chaos in the markets, market makers move the money, and ECB/NFP won't change the general direction.
Im short GBP EUR long YEN CHF CAD and some other crosses.
Have to admit thought, yous charts are excellent work, keep them coming!
Abuse, you are right bout one thing though, no chaos in the markets, market makers move the money, and ECB/NFP won't change the general direction.
Im short GBP EUR long YEN CHF CAD and some other crosses.
Have to admit thought, yous charts are excellent work, keep them coming!Thanks rufffen. Hope you do well in your trading.
As for the answer for the above Bullish 5-0 pattern setup on EUR/USD hourly chart, i have attached a result below. Thanks!!
A potential sell setup in EUR/USD??? Result to be updated.
You are right that 4hour chart shows the same pattern. And also I provide the potential sell setup in daily chart in the attachachment. A potential Bearish Gartley??? Let's us go back to the basics : all the price/events/expectations of market has already been priced in the chart. The market has already taken that into consideration. This is the basis for technical analysis. Anywhere, thanks for the comments.
Hmm the short is already factored in, you should tell that to the charts
what will be down ? price or rates well as kamyar says we never know. the easyest way to find pricetargets is tune to higher timeframe or learn about price extensions where posible targets reversal zones can be reached.
sailor
Abuseyou.. technical analysis and fundamental analysis is not the same fundamental can change the trend for good(long term).. Fundamental analysis focuses on the economic, social and political forces that drives supply and demand the importance of different economic data to forex dealers can change over time, but interes rates and employment consistently rank near the top .
sailor
Here's the SP500 daily setup that Ive been trading recently, Id say the indexes haven't toppped out yet, and looking at YEN there is further 200 pips room downside, CHF can do 200 more pips, EUR can do bout 200 and GBP 300 pips on the upside, so it's not easy to position before the FED rates decision.
Once the indexes reach the top in US, it's a good indication of upcoming reversal on the FX markets. (in fact if one looks at SP500 this May, it crashed prior to the currencies 2-4 days)
Most times fundumentals are priced in, just look at the long-term charts more frequently and you'll notice that.
hi all
as usuall news and foun. negate the technical,but there is no reason to be worried or stepped out.as u can see we had a nice sell setup in gbp(also in all majors)but NFP ........
harmonic patterns are counter trend trading style but it happens many time that the trend is too powerfull and PRZ cant prevent the price movement so what we should do, step out?!
of course no, go with the trend.as i said many times PRZ is high proable zone for reversal and when a PRZ fails it shows the power of trend,by the way.
this pic shows everything .we can see the same scenario in other pairs too.
Aud_usd
Hy kamyar and co :-)
Here is a chart of the AUD_USD. The gartley Pattern is not completed yet but you can see the structures. I hope you find this helpfull. Keep an eye on it when we arrive the prz.
Regards