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Services and compound PMIs described in the euro zone and Germany yesterday resulted in higher expectations, while the euro zone retail sales data took place in parallel with forecasts. On the other hand, the European Central Bank Mario Draghi said in the evening that the euro zone is still growing and that they are moving towards their targets for inflation and price stability. Germany's coalition talks are approaching the last days, while the sides agreed on the issues related to the European …
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Harmonic Pattern
Since it bounce on the neck line and had 2 rejections the Market now is looking for the Roof or the Resistance, in which what we can see is the exact calculation of Bat Pattern and the exact point of entry of head and shoulder.
Pivot indicator as well as MA 100 have greatly influence my trade. May i suggest if you dont know about structure pls watch this video about market structure before watching the video above
Since this week will be the Non Farm Payroll week so we have to watch our trade f…
Harmonic Pattern
having Head and Shoulders in 4hrs time frame and a Bearish Bat pattern in 1hr time frame. click the link below to watch my 3min video on how i identify and plot it.
Pls Watch this
Pls Watch this
EUR/USD Bat Pattern 1h chart
Be aware of possible bat pattern in EUR/USD. If it activates thee will be a short opportunity for 38.2 or 61.8 D-C fibo extentions. The risk/rewards ration will be around 1/1.6~
USD/CAD Daily Bat pattern
Possible Long opportunity after D reaches 88.6 fibbo level. If the D leg reaches the destination, the trading opportunities are 38.2 and 61.8 fibbo levels from D ->C fibbonaci retracements.
EURUSD - Bearish Bat pattern
The $EURUSD has completed a bearish harmonic pattern - Bat pattern. This pattern was posted two weeks ago in the MarketZone blog as a possible trade setup and now that it has completed we are at the entry levels. The price action confirms resistance at these levels. Initial target level will be the 1.364 area.
Harmonic patterns have very high accuracy levels. You could read more about it at www.themarketzone.net
Harmonic patterns have very high accuracy levels. You could read more about it at www.themarketzone.net
Bat ??
Hello, I am back!
Well, the situation is as follows:
- price action is hidding behind H4 big wave candle and break in both direction is possible
- I entered long (again) because I find upper move more possible considering waves constructions; stop is at break even and I am waiting what will develop
- as target I found most attractive price level close to 1,3630 where also Bat D has target and at same time this level could be C of Crab for move down but about it later when time comes...
Good trading!
Well, the situation is as follows:
- price action is hidding behind H4 big wave candle and break in both direction is possible
- I entered long (again) because I find upper move more possible considering waves constructions; stop is at break even and I am waiting what will develop
- as target I found most attractive price level close to 1,3630 where also Bat D has target and at same time this level could be C of Crab for move down but about it later when time comes...
Good trading!