Hello Traders,
Here we have two really good bearish harmonic patterns on the
EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern, while the other one is bearish crab pattern. We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have color coded all the targets and stop loss levels on the chart above, so that no one gets confused between the two harmonic patterns. See the chart above for more details.
NOTE #1: I will also be posting the weekly outlook on this pair very soon, so make sure to check that out as well.
NOTE #2: I recently created a twitter account, where I will also be posting all of my future trade ideas, side by side, with all the updates. Anyone who is interested, can follow me on twitter as well. You can go straight to my twitter account by clicking my twitter username on the top of my profile page. Just in case, my twitter username is: moneymaking2016
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Here we have two really good bearish harmonic patterns on the
EURUSD and both are very close to their completion points. One of the pattern is bearish bat pattern, while the other one is bearish crab pattern. We are also seeing hidden bearish divergence on the RSI, which is an indication of weakness in the bullish strength. I have color coded all the targets and stop loss levels on the chart above, so that no one gets confused between the two harmonic patterns. See the chart above for more details. NOTE #1: I will also be posting the weekly outlook on this pair very soon, so make sure to check that out as well.
NOTE #2: I recently created a twitter account, where I will also be posting all of my future trade ideas, side by side, with all the updates. Anyone who is interested, can follow me on twitter as well. You can go straight to my twitter account by clicking my twitter username on the top of my profile page. Just in case, my twitter username is: moneymaking2016
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)
Note
UPDATE #1: Hello traders, just a reminder that bearish crab pattern entry has been triggered. All the BEST to everyone :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.