Fibo
No more long : take a short position now !
Hello guys,
yesterday the USD JPY reached the 1.618 fibo ! i was waiting for that ! now the ABCD pattern is completed !
This night the PRZ was tested and we can see a beautifull rejection on the H1 chart and H4 chart ! So the trend is actually changing and you can short it !
Maybe the price is going to retest near the PRZ ! we will see !
+ Nice regular divergence between the MACD and the chart !
+ Be careful the USD is a refuge value actually !
Are we going to reach 110.000 ? = USD JPY
Hello guys,
im actually expecting a bullish move today for the USD JPY wich is very strong this Week !
we have a beautiful pull&back on the H1 chart !
Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558)
For me no signal for a changing trend ! D1 chart show a nice bullish situation !
Hope everything will be ok :p
Have a nice day and good trade !
long continuation : 61.8 fibo
Hello,
im still in the game with my open long position.
tonight the price was Under the 61.8 fibo and this Morning the price rebound on it perfetcly ! we can see that on the H1 chart and also a nice rejection on H4 chart !
i hope it will reach 107.830 minimum !
have a nice day and trade
Retracement in 0.618 Fibo LevelIf we divide a number at the current position to the number next in the series, say 13, the result would be approximately 0.618. In percentage, it is termed as 61.8%. So 0.618 is termed as “the Golden Ratio” or the “Golden mean”.
NOW price is at this level and we can expect bearish Trend.
SHORT: Breakout Price ActionReason:
1. The chart on Daily has already broken the critical support of the trendline. Regardless, price only goes lower.
2. On WTI Chart, now we saw pricing still have room for ranging to the upside around 62-63 dollar, there's no way it stop at 61 only. Why? NO WHY cause experience told me so.
3. The pullback on this range is possible but I give it 20% will happen this way. I can bet the market will not want it pullback due to WTI chart.
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