Based on Fib Extension and Structure Target around 127.2% extension from last move. IF we break that 127.2% extension THEN we move to 161% zone. "Look left, structure leaves clues..."
Testing my ability at lower timeframes
Trying to predict the market with fibonacci in my heart and mind ;) This is not a call* Have safe trades.
This is just a point of view based on fib retracement and expansion. * If we break this support area, i imagine the price falling. Not a call... Have nice trades, traders..
Same story as DXY, inverted, obviously, we reached the 61.8% fib from A to B, expected a retracement with the target around the 31.8% fib from B to C (synced with the previous structure), around 1.1117, eventually forehead the pivot area at 1.1154 near the 50% fib. Have safe trades.
Let's keep it simple... Reached the target mentioned days ago (link below), between the 50% and 61.8% fib from A to B, now, consolidation time (lower time frame), and retracement should be next. Target, the 31.8% fib from B to C, synced with previous structure, around 95.75 Note: similar inverted movement expected in the pair eur/usd.
If the downward movement continues, a breakout of this support to the 61.8% fib is a possibility, or even go further from here. If a retraction arise, from this Support where we are, or from below (acting as a false breakout of this support), we will look for the last lower lows from structure, around 1.108 or 1.122, however, the 61.8% fib extension from the...
I'm a bear, waiting the price to enter again inside the consolidation channel. Target around 1160
I'm expecting DXY to move up to 50% Fib Extension, that will sync the structure with past lower lows from March / April, and then to complete a retracement from all this uptrend, moving down, between 50% and 61.8% fib retracement. Similar movement (inverted), expected with Euro/Dollar pair. Have nice trades.
Triggered at strong ResistanceH4, i've a short position with target near ResistanceW1 (now support). Synced with the 61.8% level of Fib Extension from A to B, and looking back the structure on daily chart, we can imagine a possible retracement to the 23.6% level of all the move from Support W1 to ResistanceH4. Eventually, breaking ResistanceW1 (now support), it...
Too early, but never too late to follow. Please leave your comments. Have nice trades!
Introducing Patterns - Gartley bull pattern
My first option: "Sell Option 1" on chart, if the price break up the resistance H1, short it at resistance H4. My second option: "Sell Option 2" on chart, if the price reject resistance H1... SL 1194 with trailing stop 20 pips TP 1050