EURUSD Forecast – $1.19000 As Entry Point for Harmonic Patterns

by Sep 4, 2021crab pattern trading4 comments

EURUSD Harmonic Pattern Forecast

In the previous week there was a complete Crab Pattern which suggested we will see price move higher. A strong bullish engulfing bar was a sign of bullish strength and what you can see on the chart scanner has shown the entry level right on that level.

From there the whole week was bullish and the price reached $1.19000 which is a strong resistance level. To backup the significance of resistance level we have two harmonic patterns suggesting $1.19000 as an entry level for sellers.

While the price is at strong resistance it will be hard to break above, but if the price breaks above the next resistance is at $1.19600 – $1.20000 level.

EURUSD Daily Forecast 04_09_2021_H

The potential reversal zone of Shark and Cypher pattern is right around $1.19000 that suggests move down. With a bearish Pin bar and strong horizontal resistance level we have strong indications for the price moving down.

First support where the price could reach is around $1.18500 where few trendlines cross which makes an area of support.

What we must have in mind is that the confluence of support of the weekly trend line and daily downtrend line could make a problem for the sellers and back up buyers.

 If the confluence of support does not hold we will have price again in the downtrend channel and $1.17000 as a next possible target.

Check other trading analysis inside – Crab Pattern Trading articles

For the silver plan members below are trading strategy I am using. If you want to be able to read it register on this link.

Only for Silver Plan Members


If you want entry and profit target levels, register with powerful harmonic scanner.

Get notification on the telegram when trading idea appears so you do not miss trading opportunity.

Powerful harmonic scanner

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

Harmonic Patterns Cheat Sheet

All Harmonic Patterns on one place with important tips for trading.

How Much % Would You Make if You Simply Copy/Paste Harmonic Scanner Signal?

 Check the Results for Crab, Deep Crab, Cypher, Bat, Shark, Gartley and Butterfly Pattern Detected by the Scanner

Price Action Analysis

With this PDF you will have step by step guide how to analyse harmonic patterns detected by the scanner

Harmonic Education

Main Trading Guide

1. Harmonic Patterns in Forex
2. Harmonic Scanner
3. Trading Harmonic Patterns
4. Harmonic Pattern Win Rate


  1. Sony

    Nice analysis thanks

    So, the scanner tells you what are entry and exit levels?

    • Frano

      You are welcome.

      The scanner sends notification when the pattern is completed and you have on the chart visible entry point with stop loss level and profit target.

      There is risk:reward ration so you can see does it pays off trading the pattern or not.

      You just need to decide to enter or not.

      Using other thechnical tools like support/resistance levels and price action analysis like I have explained in the membership section, gives you better confirmation.

  2. Earlyn Shuffler

    Thanks for sharing your analysis.
    The Buy setup was spot-on and now the Scanner is confirming a Sell opportunity.
    I look forward to your next “Trading Idea”
    Have a fantastic Holiday .

    • Frano

      You are welcome. Thanks

Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by, it’s employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot Forex, CFD’s, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Privacy Preference Center