Thread: Interactive Trading Setups Disscussion

EURUSD_ 1H chart : Bearish ABDC completing

lower M5 timeframe may offer a bullish opportunity on GBPUSD

Hi Kor, the EU 4H Extreme Bearish Butterfly didn't appear in the AMP Trial on my screen, does AMP miss patterns?

I am very interested in the AMP and was looking for the first pattern in testing it, only to realise that the first pattern isn't in the AMP. Many Thanks.

Thanks Kor for sharing the KorHarmonics indicator, I installed it and changed the settings, but the EU4H butterfly isnt present on the chart, please can you tell me if your KorHarmonics indicator shows this pattern on your chart? Many thanks!

Originally Posted by forexft

EURUSD_ 1H chart : Bearish ABDC completing

Hi forexft thanks for sharing your EU 1H ABCD pattern, may I ask you please, the target for this setup would be at point C would that be correct? Many thanks!

no one visit this site?

where is all professional harmonic traders?

Originally Posted by Connected

Hi forexft thanks for sharing your EU 1H ABCD pattern, may I ask you please, the target for this setup would be at point C would that be correct? Many thanks!

Hi Connected, here is the trade I am taking. This is quite risky as it is countertrend. Also price action has formed a bullish pinbar on the 4H chart. However I don't think we are going to break the major resitance 1.3470 today which is also a 0.50 retracement on weekly, but anything can happen. A pullback is likely.

I have 3 options:

1. I don't take any trade
2. I bet on the conituation of this move and the bullish pinbar on the 4 H chart.
3. I bet on harmonics and conflence of patterns. The ABCD on the daily, butterfly on the 4H, the ABCD on the 1H. PRZ is showing some stalling, and lower line of pitchfork couldn't be broken to the upside. RSI is also intersting on the daily has it has formed 4 tops in a row.

The third option is the most logical to me, therefore I risk a small portion of my capital and I am ready to lose if I am wrong.