Hi Guys, As per Fibonacci Sequence calculation, the Kiwi has the potential to reach 0.7918 in a long term basis. As I focused on the smaller timeframe, it is best to wait for breakout previous high and wait for retracement for another new bullish rally. For short term target, lets take a profit at 0.7697 first. Suggestion trade: Buy limit at 0.7553 TP 0.7697...
How do we get the sequence number? Simply by adding 1+1+2+3+5+8.....
Guys, I am mapping a movement for GBPUSD. My long term direction will be bullish. I am experimenting with new mapping style in lower timeframe, thus this chart emerges. Lets see if this experimental fibonacci sequence was a success or not. Please do not follow the analysis. I post it for my future reference only and it was still in experimental process. Thanks
EURJPY drop 2584 sequence from X, thus the price retracement at 987 and 1597 retracement point. When price arrive at 987 min sequence, small pullback happened at 377 and 610 max. Continue searching max sequence of 1597. As the max sequence reached, the price may continue downward looking for 4181 sequnce (long way to go!) As for now, look for short with 123.5...
As the price breaks the support, I will look for short chance position in lower tf, practically in H1 or m15. Target will be as per chart.
Technical Analysis : (Big Round Number) 1.Price in pursuit to new Min seq @ 1.4918 2. Price expected to continue bearish till Max Seq, @ 1.4718 which is at Big round number H4, good for buy Limit order 3. Price expected to continue bullish till next Max seq @ 1.5007 which is at Swing Big round number, good for sell limit order. Disclaimer : This analysis is...
Fundamental Analysis : Analysis align with USD Market sentiment which is FOMC expected to Hike Interest rate. Technical Analysis : Price hit BRN line @ 100.00. Price hit Max Seq for Flashback price from 98.982 - 107.499 Price expected to move to Max seq for price 125.817 - 98.982
GBPAUD for long position. Entering minimum sequence for daily flashback from 1.97438 & 1.67191. Entry zone for long position at 1.7210 & 1.7230 Disclaimer - this is just my trading's idea solely for improving my trading skill only.