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Fibonacci Inversion

GBPUSD is heading towards Reversal ZoneAfter price broke higher the structure zone, now GBPUSD is heading towards the reversal zone on 1H. Reversal Zone is formed by: 1.414 Fibo Extension from the current structure Low to local high 1.618 FIbo Inversion 0.618 Fibo Retracement Structure to the left (purple one) You can enter aggressively on that structure trading opportunity or your entry rules - LLLC, Double Top(don't forget the RSI) and so on. Stops above the structure (purple one), the target will be a retest of the Structure Low. Good luck
Short
by Aleksandar_Rose
Possible reverse on USDJPY?Hi traders, this analysis starts from higher timeframes. As you can see in the attached analysis i predicted usdjpy was coming to test this level some days ago. Now at this level we have a major structure daily level (black line) with a couple of fibonacci levels for confirmation. Another confirmation comes from RSI, that has a divergence on the last highs. In the daily chart we just exited a OVERBOUGHT condition. But all of those indicators are not enough, i want to see a reverse pattern made by price action. And there it is in form of an engulfing kicker on 4hr chart. Price is retracing a little bit offering us a better risk to reward ratio. Stop 1 atr above highest high, first target at 1:1. Second target along with structure. If you have any question or opinion, don't be shy and comment below. Otherwise, see you in the next chart!
Short
by Roker1
3 steps ahead "How the Gbp/Usd gets to 1.5000"Last week i put out an idea of how i thought the gbp/usd would be a "buy." This week i thought i would stay with this pair and give an example of how i plan ahead on my trades. The blue bar pattern is what i predict the market to do this week. If price rallies up to the 1.46685 level, i will be looking to go short on a fib inversion trade at the 1.618 ext. If that trade plays itself out like i have the purple bar pattern, i will then look to go long on a trend continuation trade around the .618 fib retracement. This will complete the AB=CD pattern you see with the white arrows. If price then rallies from the .618 retracement and makes a new structure high like the bar pattern in green, i will look to short the market around the 1.5000 level on another fib inversion trade. This will be a bigger AB=CD move, marked by the pink arrows. Now all of this could change in a day or two, but i know what i am going to do, if my prediction comes true. If it doesnt come true, i will then just form a new one and start over. But this is definitely something to look out for over the next coming weeks.
Long
by tommyb35
1
GBPUSD: Breakdown of a Bearish Trend Continuation SetupMany would call me crazy for looking to short the Cable ($GBPUSD) knowing that we're at a major level of structure on the daily chart, but IF we get the right type of retracement, there will be plenty of room to profit and exit the trade in what will simply look like retest of structure lows on the HTF. As you can see on my chart price action has recently gone through it's normal stages of expansion, consolidation, followed by expansion. My prediction is that we'll see some continued bullish action off of our current lows and retest that previous level of consolidation where I have an initial killzone made up of Fibonacci retracements and an inversion.. That's where I'll be looking for my opportunities to short. Each week in the Live Room and Syndicate, we seem to pick a single pair that we stalk for days waiting for the right opportunity. Last week it was the AUDCAD and that played out pretty well. Hopefully we can see the same here on the GBPUSD. Other pairs on my radar to start the week are the USDCAD (which I'm already long this morning), NZDUSD and AUDUSD. Best of luck in the markets this week traders and if you want to see the video version of my Trading Recap just click the link below. "Trading Recap Week #2: Attacking The $EURUSD" www.youtube.com Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered,com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Short
by Akil_Stokes
36