We recently witnessed a massive daily bullish engulfing candlestick rejecting monthly support 1.5800 and fully reversing out of its bearish trend (as price broke past the last lower high of the bearish trend. We have now had a nice correction for what would be another nice bullish leg to the upside to create a new higher high at our -0.27 fibonacci extension...
Looking for an equal size impulse to fulfill D leg in and around the highs at 1.8700. Buying at 61.8% fib level around 1.8050 psychological number. Shooting for over 600 pips so give her room to breathe -- we know how erratic this cross can be. Let's catch some pips!
on the cad/chf I have seen potential short set up which is also in line with the fib retracement of 0.618 from the highest point of the downward channel. daily/4hr will be shown as well.
on the 4hr chart I noticed a really nicely formed head and shoulders pattern come up which than turned into a newly formed support zone inline with the fib retracement of 0.618 so I can safely assume price will hold this support zone and go straight up.
On the eur/aud, I see bullish momentum followed up by retracement levels between 0.5 and 0.618 which indicates great pullback. Price seems to respect the support zone and does retest it as well so I'm hoping for a clean retest with the price moving higher.
On the aud/jpy short set up, I see a potential bearish reversal. Price seems to be in contact with the resistance zone several times so I'm going to go ahead and suggest price will be driven lower hopefully towards the newly formed lower low. Fib shows 0.382/0.618 retracement depending if you've used the lower low body or wick. Delving into the lower...
kiwi formed a double top at an interesting price level where it met the decending trandline and historical lstructure (look left) pkus finished an common upmove extention (boxed area). now formed new low and is retracing maybe to the 618 so you can tarde it as a 2618 trade with stopploss above the doubletop. use piice action to find entry and confirmation (or...
Rejecting the .618 retrace and 100 and 800MA's on daily. Looking for more downside on Ezar to break the trend line, but I am expecting an "X" wave (flat like correction) to occur, may be from here.
61.8 to the downside target 1 hit now looking for a retest of yesterdays low for a continuation to the downside yellow lines are my 3 targets
The dollar has been weakening on retracement which has also caused AUDUSD to progress higher in the form of a major retracement. That retracement went into a range between 0.7100 and 0.7150 for about a week. And finally, as of yesterday, the first lower high of the month is created as price started to break away from the range. This is largely caused by a...
Trend continuation. I believe the bullish pullback is over and the long term downtrend should resume shortly. We are currently sitting at the golden Fibonacci ratio and the price is located towards the top of the pullback channel. We can see price testing the top of the channel more than 4 times indicating the buyers are getting exhausted and sellers are very...
A major area of resistance a the 61.8 with a perfect engulfing pattern made on the day. If you look on the higher time frames youll clearly see its on a down trend, and as everyone knows, "THE TREND IS YOUR FRIEND" SL right about the Resistance area and TP and the 0.0.
If you did not already get the first sell level I posted, or if you are in it... Watch out for an ending diagonal which would measure out perfectly to the 1.236 extension. From there, we may get a head and shoulders or flat type structure which could then turn into a WXY structure for a complex "B" wave. I suggest you watch the short video I posted on my channel....
If you are not already in the Gold buy, see if it does a 7 swing. If it were to go down exactly as I have drawn, then that is a pattern and fib area to look to buy in the zone. It can just go up from here, but it is very risky to just enter right there. You should probably already be in it if you saw my past analysis.
NZDJPY Head And Shoulders and Fibonacci 61.80% Retracement
I posted exact entry on this sell last night, just not on tradingview. You see the .618 fib level that it just found support at. That's the level I would like to see it break. I believe there is huge potential downside on this to break the low. Right now on 1 and 4hr it looks like it might pull up. It is right now. If you bought it (I'm not), you may get lucky and...
GVT looks like trading on the .618 fib levels. After the correction on wave 3 we should see a good bounce to the top making a double top.