VasilyTrader

In the today's article, we will discuss the absolute basics of harmonic trading: I will explain to you what is harmonic ABCD pattern and how to recognize it, using fibonacci ratios. The foundation of harmonic trading is impulse leg. Impulse leg is a strong, directional bullish or bearish movement. Harmonic traders perceive a price chart like a combination of impulse legs. Here are the impulse legs on AUDUSD on a daily time frame. All these impulses are significant bullish or bearish movements. In harmonic pattern trading, the impulse leg will also be called the XA leg. XABCD pattern is based on 4 consequent price movements. XA leg will be a fundamental component of each harmonic XABCD pattern and the first price movement within the pattern. The direction of the XA leg will determine the bias of the pattern: Bullish XA will be a foundation of a bullish harmonic pattern, while, a bearish XA leg will be a foundation for a bearish harmonic pattern. Above, the examples of a bullish and bearish impulse legs. After identification of XA leg, a harmonic trader should analyse a consequent price action. AB leg will be the next movement after a completion of XA leg. BC leg will be the movement after a completion of AB leg. CD leg will be the movement after a completion of BC leg. CD leg will be a completion point of a harmonic pattern. In a bullish harmonic pattern, a bullish movement will be anticipated from D point. Above is a structure of a bearish harmonic XABCD pattern. There are a lot of different types of harmonic XABCD patterns: bullish/bearish Gartley, Bat, Cypher, etc... The type of the pattern will depend on the fibonacci ratios of B, C, D points of the pattern. B, C, D points should have very specific ratios to make a pattern harmonic. First, a harmonic trader should measure the fibonacci retracement level of B point in XA leg. In the example below, B point is lying between 618 and 786 retracements of XA leg. Then, if a C point is lying beyond the range of the XA impulse, one should measure its fibonacci extension level. If a C is lying within XA, its retracement level should be measured. Below, we can see that C point of the pattern is lying between 618 and 786 retracements of AB. Depending on the type of the pattern, a D point will either be based on a certain fibonacci retracement of XA leg or extension of AB leg. In our example, the criteria for a bullish harmonic Gartley pattern are met. The completion point of the pattern - D point will be based on 786 retracement of XA leg. From that retracement level, a bullish movement will be anticipated. Your task as a harmonic trader is to learn the specific rations of each harmonic pattern. With experience, you will learn to identify impulse legs and trade them profitable. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

There is a high probability that Bitcoin will rise more, following a formation of a bullish imbalance candle and change of character. I think that the price will reach at least 88000 level soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Gold is stuck within a tiny horizontal range, testing a resistance cluster based on a current All-Time High. I think that a bullish accumulation is currently taking place. A signal that I am looking for to buy Gold is a breakout and a daily candle close above 4384 - ATH level. It will be a strong signal that will push the prices higher. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

I see a confirmed bullish change of character on Gold on a 4h time frame after a release of high impact US news yesterday. With a high probability, the market will rise more today. Goal - 4345 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

I'm giving you a complete, beginner-friendly trading plan to swing trade any Forex pair and Gold like a pro. No confusing indicators—just pure price action and breakouts. Get a complete breakout swing strategy with examples , an efficient price models for trading any currency pair and XAUUSD. This strategy is a t rend-following strategy. Remember, that a breakout that you identify should strictly align with the market trend. I will show you how to trade both bullish and bearish breakouts. Let's start with a bearish one. How to Swing Trade Bearish Breakouts Please, study the following model: To swing trade bearish breakouts: 1. Market trend should be bearish 2. The price should break and close below a key horizontal support and set a new lower low lower close 3. The price should retest a broken support 4. The market should start consolidating within a range Your signal to sell will be a breakout of a support of the range. It will be used as a confirmation of a violation of a key support. Your entry should be on a retest of a broken support of the range. The level of the lowest daily candle close within that will be your perfect entry level. Stop loss should lie above the highs of the range. Take profit should be the next key historic support. Examine a price action on GBPCHF forex pair on a daily time frame. The market is trading in a bearish trend and the price broke and closed below a significant horizontal support, updating the low. The price retested a broken support and started to consolidate on that. Our plan to open a swing sell trade will be the following: We will need to wait for a breakout of a support of the range on a daily candle close below that. Our entry will be a l owest daily candle close within the range. Stop loss will lie above its highs. Take profit will be the next historic support. How to Swing Trade Bullish Breakouts Now, let me explain how to trade bullish breakouts in uptrend. Study these model: To swing trade bullish breakouts: 1. Market trend should be bullish 2. The price should break and close above a key horizontal resistance and set a new higher high higher close 3. The price should retest a broken resistance 4. The market should start consolidating within a range Your signal to buy will be a breakout of a resistance of the range. It will be used as a confirmation of a violation of a key resistance. Your entry should be on a retest of a broken resistance of the range. The level of the highest daily candle close within that will be your perfect entry level. Stop loss should lie below the lows of the range. Take profit should be the next key historic resistance. See a price action on USDCAD forex pair on a daily time frame. USDCAD is trading in uptrend and successfully violated a major horizontal resistance, setting a new higher high higher close. After a retest of a broken resistance, the market started to consolidate within a horizontal range. To open a swing buy trade, we will need a bullish breakout of a resistance of the range and a daily candle close above that as a confirmation . Our entry will be on its retest . Best entry level will be highest daily candle close within the range. Stop loss is lying below the range's lows. Take profit is the next historic resistance. Many breakouts that we see in trading are in fact the traps . We use this confirmation strategy to avoid them and trade safely. It dramatically increases a win rate. A breakout that aligns with the trend is a golden mine. Such breakouts always provide very profitable trading opportunities. Trade them smart, wait for a confirmation and set a safe stop loss. Good luck in swing trading forex and gold. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Gold had a very bullish week. The price even managed to reach a resistance based on a current All-Time High on Friday. I think that we may see a further bullish continuation next week. A breakout and a daily candle close above 4380 level will provide a strong signal to buy. A rise at least to 4450 will be expected then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

There are multiple bullish clues on ADA on a daily time frame that make me think that the market is ready for a reversal. First, the price formed a high momentum bullish candle. Then, the market violated a resistance line of a falling wedge pattern. A change of character occurred afterward. The market has a great potential to rise more and reach 0.474 resistance soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

On our yesterday's live stream, we discussed Bitcoin. It looks like the market found a bottom and preparing for a bullish reversal. To confirm a start of an uptrend, I suggest focus on 92000 - 94100 Order Block zone. Its breakout and a daily candle close above will confirm a bullish reversal. A formation of a Higher Low after the last retracement from that leaves some clues of a weakening bearish momentum. A breakout will be our final confirmation. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Bearish rally continues on Bitcoin. The market already lost more than 34% from a current ATH. Analyzing a historic price action, I see an important structure cluster to focus on. 65000 - 76000 is a significant support area. That will be a good zone for buying Bitcoin, expecting a resumption of a long-term bullish trend after its test. ❤️Please, support my work with like, thank you!❤️

Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Support 1: 4021 - 4045 area Support 2: 3869 - 3934 area Support 3: 3765 - 3829 area Support 4: 3690 - 3738 area Resistance 1: 4202 - 4246 area Resistance 2: 4360 - 4382 area The market closed, testing a demand zone based on a Horizontal Support 1 and a Rising trend line. With a high probability, the price will move up from that. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.