USDCAD reach max seq retracement at 1.25. Ride the roller coaster everyone!
EURJPY was still on bullish mode as sequence calculation predicted 135.65 as the new high the price can achieve. Lets see if the price can reach another 300pips above.
EURGBP expected to stop the retracement process at 0.8697 and will start hawkish again.
As per sequence calculation, USDCAD will retrace before going up again and it confluence with chart pattern as it look like the price are making the cup and handle pattern for buying continuation.
As per sequence counting, the price may go to 127.91. Be reminded that we are still in bearish trend. I will be placing my sell limit at 129.21 and 130.010 area after it bounce at 127.91. Target will be 125.81.
Look for the price to break 0.7842 before we short with 0.7712 as our target. When the price reach this point, pullback expected to the orange line where we will be standby for another short position.
I would like to say that EURUSD may start its bearish trend from my earlier Weekly analysis. We have take our profit and the price has successfully reached the pullback area for another sell position. the highest it will go is 1.182 and put 30-50pips as your stop loss above this mark. next target profit will be 1.157. Good luck! ;)
There is a possibility for EU to go down now but i will prefer for the price to rise a little bit to complete max sequence number before going to 1.1689.
As per long term analysis, I think this will be the chance to put a short position for EURJPY.
Longterm USDCAD are still bearish but for lower timeframe, the price will retrace before diving in again. I will put a buy order (orange line) and settle at min sequence (610) for profit taking and set limit again (orange line) before targeting max sequence order (987).
EURUSD was nearing Min Sequence area and normally price will make a pullback before soaring upward to look for Max Sequence area. I explain the usage of Fibonacci Sequence number in trading at the chart. Wait for the short area (Min Seq) before executing position for counter trend or wait at the green line to put your position following the trend. Thanks :)
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.