Harmonic Analysis - page 43
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EURUSD 30m Safety-C(divergence+previous support) of potential Butterfly+Bat pattern completion @ same PRZ with weekly resistance
Now maybe a potential N200.
EURCAD M30. Potetial bat.
Invalidation.
EURGBP H1. Potential gartley, ABCD and agg/safety C entry.
USDCAD H1. Potantial bat and ABCD.
AUDUSD H1 and H4 cypher. I posted the cypher pattern about one and a half ago. I totally forgot about the pattern. Maybe I was busy or something.
Now maybe a potential N200.
sure you can call it N200 also now, but I switched to 60m chart looking at the closing of that candle, and it closed above the 88.6% on the hourly chart
I didn't post my targets/stops
but my stoploss for that pattern was below A point because of volatile so trade is still on
sure you can call it N200 also now, but I switched to 60m chart looking at the closing of that candle, and it closed above the 88.6% on the hourly chart I didn't post my targets/stops but my stoploss for that pattern was below A point because of volatile so trade is still on
As for me I closed in loss :/ As long as it closes above 88.6, it is still valid for butterfly and bat?
CHFJPY H1. Potential butterfly and ABCD.
I am always thinking of how the professionals trade Now I am sure that I am not the only one who take those kind of trades, there must be professionals that when they trade they lots they actually make the market move, what if they were stoploss-hunters for all those people who watched this level so they could get more steam to push the market up when they will invert their position(? - rhetorical question). that's why you see some of the time that long candlewick - people pushed the market down, and then massive stoploss/buystops triggers and people began to push it up. if I was stoploss-hunted and the market close above 88.6(and had rsi divergence because it's my rule) I would go long again despite the loss(the idea is still valid) but if market closed below 88.6... I would look for another trading idea.. so that's the long answer for that question the brief answer is: yes, market close above 88.6 still a valid pattern for me despite the candlewick.
Very great explanation with psychological factor behind. I like it.
As for me I closed in loss :/ As long as it closes above 88.6, it is still valid for butterfly and bat?
I am always thinking of how the professionals trade
Now I am sure that I am not the only one who take those kind of trades, there must be professionals that when they trade with their lots they actually can make the market move,
what if they were stoploss-hunters for all those people who watched this level so they could get more steam to push the market up when they will invert their position(? - rhetorical question). that's why you see some of the time that long candlewick - people pushed the market down, and then massive stoploss/buystops triggers and people began to push it up.
if I was stoploss-hunted and the market close above 88.6(and had rsi divergence because it's my rule) I would go long again despite the loss(the idea is still valid)
but if market closed below 88.6... I would look for another trading idea..
so that's the long answer for that question
the brief answer is: yes, market close above 88.6 still a valid pattern for me despite the candlewick.