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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on USD/SGD, Target: 1.3766, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #USD/SGD #Harmonic Trading #Bearish Signs #Fibonacci Levels #Channel Down
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.3766.
However, if bullish ca…
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Ucef 29 Mar

Update: The pair didn't make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart.
The bias remains bullish in nearest term testing a resistance line, which remains a good place to sell with a tight stop loss as a clear break above the daily close could trigger further bullish scenario testing the daily open or higher.
Immediate support remains around weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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Ucef 29 Mar

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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on USD/PLN, Target: 3.8778, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bearish Signs #Fibonacci Levels #Channel Down #USD/PLN
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 3.8778.
However, if bullish ca…
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Ucef 29 Mar

Update: The pair had a bullish momentum last week after a failure to make a clear break below a support line as you can see on my daily chart below, topped a resistance line and hit a new daily high earlier today.
The bias remains bullish in nearest term testing some resistance areas, which is a good place to sell with a tight stop loss as a clear break and daily close above the daily open could trigger further bullish scenario testing new highs.
Immediate support is seen around the weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on SGD/JPY, Target: 76.96, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Harmonic Trading #SGD/JPY #Fibonacci Levels #Bearish Trend #Channel Down
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 76.96.
However, if bullish can…
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Translate to Inglese Show original

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1 Commenti
Ucef avatar
Ucef 31 Mar

Update: The pair had a bullish momentum last week after a failure to make a clear break below a support line as you can see on my daily chart below, topped a resistance line and hit a new daily high earlier today.
The bias remains bullish in nearest term testing some resistance areas, which is a good place to sell with a tight stop loss as a clear break and daily close above the daily open could trigger further bullish scenario testing new highs.
Immediate support is seen around the weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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Bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on EUR/SEK, Target: 9.2443, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Elliot Wave #Channel Down #Bearish Bias #EUR/SEK #Fibonacci Level
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 9.2443.
However, if bullish ca…
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XAGUSD forming a bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on XAG/USD, Target: 14.5150, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Bearish Signs #Fibonacci Levels #Channel Down #Support Area #Downward Channel #XAG/USD #Retrace
Daily Vision
The XAGUSD trend is bearish in daily time frame. Vital resistance is present at 14.5658 price level. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame.
However, if bullish candlestic…
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