Harmonic Analysis - page 344
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NZDUSD - Potential bearish gartley.
GBPNZD - Potential bullish bat.
Simple hammer bar that grabbed 350 pips.
After the Swiss Franc down spike, USDCHF bounced back up. I'm 100% sure a lot of traders are regretting that they closed their long position.
I opened a short position when it reached 61.8 fib retracement. It reacted and seemed like it was turning its direction but it didn't hit my target and I got stopped out with about -250 pips.
Before the short position, I had decided that I'd open a short position when price reached the hammer bar level. Recently it was filled and price reacted immediately and today it hit my target with about 350 pips in profit.
It was a very simple yet highly probable and profitable.
PSL that grabbed 650 pips on GBPCHF.
Similar to USDCHF, there was something I paid attention to on GBPCHF. There was no hammer bar but there was PSL with high probability of winning.
I don't need to spell things out I think. I just placed a sell limit on PSL. Price filled the order and it bounced down pretty drastically.
It was one of my best trade. It took out about 650 pips in profit.
Needless to say I could've placed my target further down so that I could grab more pips but I didn't have to be greedy. I've learned how to stick to my disciplines.
PSL works on any pair.
As we can find harmonic patterns on any pair, we can also find PSL on any pair.
Take a look at screen shots below. Those are examples.
USDCAD 4H chart. Look at the level in the orange circle. Price broke the level remarkably and spiked down and then spiked back up to the level in the orange circle and then turned down.
Didn't such move occur months ago?
Yes.
The Swiss Franc Spike.
The other screen shot is GBPCHF weekly. Look at level in the orange circle. Price broke the level very drastically. It spiked down intensely. Then price turned its direction and rallied back up to the level and started turning down.
GBPCHF could go down further and further like the screen shot of USDCAD. Both are different time frames but price action ignores the time.
That kind of movement is totally feasible to happen on any pair any time time frame. My personal preference is long time frames because they show me clear price action.
GBPNZD - Potential bullish bat.
Successful. About 450 pips in profit.
PSL on USDCHF 100pips in profit.
Another day another successful PSL.
EurUsd H1 several bearish options at strong resistance levels
https://www.mql5.com/en/charts/3244794/eurusd-h1-forex-capital-markets
https://charts.mql5.com/7/443/eurusd-h1-forex-capital-markets-2.png
Small harmonic pattern within the PRZ of the potential bear 121 from the H1 of EURUSD
Of course US has the Good Friday so market closed and NFP still coming out, increases the risk hugely.
https://www.mql5.com/en/charts/3244891/eurusd-m15-forex-capital-markets
----- Sorry, I have all kinds of problems loading picture right here-----
EurUsd H1 so far looks ok... bouncing off a daily supply (also a bigger developing bear HP currently at B level) with the H1 bear shark ...
Gyazo - f4e22dd731431be486383acb041050c3.png
https://www.mql5.com/en/charts/3256900/eurusd-h1-forex-capital-markets