Harmonic Pattern Finder V3 - indicator for MetaTrader 5 Continuing on the in-demand software for automatically finding harmonic patterns, this is the third and most likely final version of the indicator known as the "Harmonic Pattern Finder". It addresses many of the issues found from the prior iterations, including bug fixes and other improvements. Furthermore, the code is extensively refactored such that it should be straightforward for ...
EUR/GBP Technical Strategy: Flat The Euro has struggled to make lasting headway against the British Pound but overall technical positing continues to point in favor of the upside. A seemingly clear Falling Wedge chart formation carries bullish implications, hinting the uptrend dating back to April 2017 may soon resume. Defining resistance comes in at 0.8924 (Wedge top, 23.6% Fibonacci retracement), with daily close above ...
A daily close below the 50% Fibonacci retracement at 0.6986 opens the door for a challenge of the 61.8% level at 0.6913. Alternatively, a reversal back above the 38.2% Fib at 0.7060 clears the way for a test of the 23.6% retracement at 0.7150. It seems tempting to enter a short NZD/USD position. The available trading range is too narrow relative to ATR-measured volatility however, arguing against taking the trade on risk/reward grounds. With that ...
D1 price is below 100-day SMA and 200-day SMA for the primary bearish market condition within the following key erversal s/r levels: Fibo resistance level at 1.5204 located near 200-day SMA in the beginning of the bullish area of the chart, andFibo support level at 1.4433 located below 100 SMA/200 SMA in the bearish area. RSI indicator is estimating the ranging condition to be continuing in the near future. ...
D1 price is located below 200-day SMA and 100-day SMA for the primary bearish market condition. The price is on ranging within the following key support/resistance levels: Fibo support level at 1.4189 located below 100 SMA/200 SMA in the bearish area of the chart, andFibo resistance level at 1.5026 located above 200 SMA in the beginning of the bullish area. RSI indicator is estimating the ranging bearish market condition in the near future. If the price ...
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