Fiiyat

Fiiyat

1. Wolfe Wave 4 complete 2. Potential ABCD channel. 3.Waiting for 5th WW 4. Short from 1.5540. 5. A break of bottom TL confirms targets. Patience is key here... R

Fiiyat

1. Wolfe Wave pattern breakout 2. RSI breakout 3. Gap to the upside 4. Bounce off daily Trend Line R

Fiiyat

I am forecasting a strong rally to 1.2900 handle based on the Wolfe Wave pattern. If Crude Oil drops then this should weaken CAD and give this the rally it needs to break the strong Weekly Resistance above WW4. What is the Wolfe Wave? (according to Forex Factory) Simply put, the Wolfe Wave is a natural rhythm that exists in all markets. It is made up of waves of...

Fiiyat

1.Price currently getting into the narrow depths of this Symmetrical Triangle. 2. A strong break to downside and pullback to test Bottom Trend Line needed before shorting 3. Possible rally to untested Supply Zone where Bulls will look to take profit. 4. A more highly profitable shorting zone will be 1.1535-1.1585 5. Price currently in a possible flag channel Lets...

Fiiyat

Potential 150pip drop here! 1.Price break below 200SMA. 2.Bearish divergence on RSI 3. Downtrend continuation 4. $ Strength on all pairs R

Fiiyat

I have been shorting this pair for a while now. Since it has been on a downtrend with predictable pullbacks and FIB retracements! A 4hr Candle just closed testing the Bearish Flag that broke out recently from GBP strength. This technical analysis has been respecting a weekly structure and is now on course to test the lower Trend Line of this structure. I am...

Fiiyat

1. ABCD Fib Extension Complete 2. Daily Demand breached then small rally 3. Untested Supply Zone where price wants to retrace 4. AB=CD potential set up ( see www.harmonictrading.com) 5. Symetrical Triangle showing price consolidating before drop! I am waiting for 1 hr PA in the RED Supply Zones to enter a SHORT trade! Best area for RR shorting will be...

Fiiyat

$ weakness is showing on all pairs so price on AU is going to test the next supply Zone. This is my thoughts on AUDUSD... I am shorting around 0.7880 and taking profit at the 38.2% retracement 0.7780. 100pip POTENTIAL !! 0.7880 is confluent with 61.8% retracement of the 28 Jan drop to new year lows! R

Fiiyat

1. ABCD Fib Extension 2. Demand Zone breached 3, Overbought Stoch 4. Bearish Divergence RSI 4. New lows 5. RBA rate cut Overall Target 0.7340

Fiiyat

I have a great set up here which I have been profiting by shorting all the rallies. I am waiting for a good entry to swing trade this pair. A break of the Resistance level 118.90 will invalidate this set up. Risky entry will be now where price can bounce off the symmetrical triangle to downside. This is likely because of the gap that could be filled...

Fiiyat

This pair has experienced several symmetrical triangle breakouts to the downside. Here is a potential breakout to the downside. Price has been rejected at the 50 SMA (turquoise line) and also tested the 78.6% (1.3599) Fib extension level 3x. This has created a good resistance level where short positions could be filled. I am still expecting a small rally so I...

Fiiyat

I have mapped out RED confluence zones where price can reverse short term. These zones are also known as Daily Demand and Supply Zones. I believe price will continue its downtrend within the Trends lines mapped out in black. There is also a dynamic trend line that has so far been respected which is the Green 21 SMA. Price is currently in a RED Supply Zone and...

Fiiyat

The chart speaks for it self so this will be brief. Since price formed a double bottom on the 200SMA it is safe to assume the potential for a triple top W formation pattern. I have mapped out a Supply Zone where price can Potentially Reverse (PRZone). The Supply Zone ranges between 180.90 and 179.85. Here I believe lay the short orders of the big boys. If this...

Fiiyat

This could be a potential bounce from the Trend line and if today's DAILY candle closes within the previous days range then we have ourselves an INSIDE BAR pattern. This price action will indicate a potential reversal of price to the downside. Price is currently at 61.8% Fibonacci retracement which is a high probability zone for price rejection. STOCHASTIC -...

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That was a 400pip move WOW !!!! As always a bit choppy and I did go against the rules and took my stop off because I was 100% confident that my target would be hit!! My draw down wasn't too bad so it was definitely worth holding my positions! Please see linked chart for detailed Technical Analysis R

Fiiyat

D FIB extension target 1 HIT WOOHOO !! ***That was a 300PIP move**** Target 2 @ 0.7360 still in play! Please see linked charts for Technical analysis details.

Fiiyat

1. TREND LINE BOUNCE 2. PRICE ACTION with Bullish engulfing candles 3. RSI and Stochastic indicating oversold 4. Fibonacci targets Target: 1.4530 or when it hits 200 SMA (Blue line)

Fiiyat

Good opportunity to short the Kiwi on a Fibonacci Retracement level of 50%. There are both fundamental and technical indicators for this! Please check my previous analysis below for more details. I have added a downward channel where price has so far achieved an ABCDE triangle pattern. Im not an expert on Elliot waves but my guess is a 3rd wave correction is...