Hey. So, pretty much Brainard (FOMC guy) drove EURUSD lower for short-term, and this is the right time to open a huge sell for a few hours. Beware of the fan I drew and RSI, they're lining up for a re-tracement soon. I'll explain and update this post as time goes by.
Long gold,approaching support ,enter when it will hit the buy zone,according with your strategy.If goes beyond that,watch closely 61.8 Fibo
fibonacci fan potential head and shoulder
Today's data made a spike up that was quickly rejected and showed that the main trend in gold is still down. We also broke the 0,618 support from the fib fan and I believe we're headed towards 0,5 angle. The Gartley pattern shows a nice confluence of fibs at D: 0,786 XA 1,414 BC 1 AB from C (I like this one, seldom used) As some indicators show, we are getting...
CADJPY has entered the PRZ of a series of bullish harmonic patterns in an area of strong support. The PRZ, which is formed by the combined reversal zones of a bullish bat and crab, may also be tested near the .5 Fibonacci speed fan line for an added level of time-based support. On a larger TF, a bullish AB=CD pattern is complete in the center of the PRZ. There...
EURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish...
This is a study of using the Fib Speed Resistance Fan to time a new breakout of gold price action. Fans of fib fans, I'd love to hear your thoughts. (Retrospective study. I did not trade this)