Greg_007

Greg_007

A nice bearish fibonacci compression is forming on the Russell 2000. We're currently at the optimal entry point. The indicator can be found in my scripts. Happy trading!

Greg_007 Updated 

A nice compression has formed on the daily Autodesk chart. Since we're in a downtrend, a continuation of the trend is expected.

Greg_007

ETH/BTC is currently forming a fibonacci compression and it looks like we will take out the 2nd higher low. Entering just below, would give us a nice 10.55 risk to reward.

Greg_007

WTI and BCO are both having the same setup, a fib compression to the downside. Targets are the low 60's for WTI and mid 60's for BCO.

Greg_007

Fibonacci compression in the making, but it looks like we start to form a liquidity pool below the recent lows. What if we dump later today into the pool and then set up for the 26K target of the compression 🤔

Greg_007

Picture perfect Fibonacci compression and we're heading towards the optimal entry at 2.101. My buy orders are in ;-)

Greg_007

Nice fib compression, price is now at the optimal entry for a risk to reward of 3 to TP1. Check out version 2 of my Fibonacci compression script to have these drawings. (you might have to increase the amount of bars to look back)

Greg_007

This an example where we form the fib compression pattern and then we take out the low to grab the liquidity and continue the trend. We clearly bounced after taking out the low, so we're good to enter now to aim for TP1 at a risk to reward of more than 3.

Greg_007

Bitcoin is currently showing the power of the fibonacci compression. Take profit, then coming back down into the compression zone, loading up again at the RRR 3 level, taking profits again, loading up again,... Now I'm waiting for a new pull-back to enter again. Trade with the trend, only once - when it goes down - you'll be wrong ;-)

Greg_007

This one might take 1 to 2 years to play out, but it looks like the Czechs better put their savings in USD if this works out. Setup: Long USD/CZK on the weekly chart.

Greg_007

GBP/CHF is currently under the 3 RRR optimal pricing level, giving us an even better risk to reward. Take profit is at 1.16724.

Greg_007

Let's see if we get another pullback to 6.708$, which is the optimal entry for this Fibonacci compression. (you can find the indicator under my name) First take profit is at 6.959, which gives you a risk to reward ratio of 3. We're in an uptrend, so the trend is your friend ;-) Happy trading!