This is "Two mountains" strategy, TP is calculated to reach at leat 77% of Fib Retracement, from the highest Mountain. Flag pattern prior to the fall.
Up Trend is broken, and new Lower Low is noted, retracement on 61.8 Fib Level. This confirmations tell me that there is a change in Trend. Long term targe is almost 1000 pips.
This is a long term Sell. Breakout in Uptrend. TP is defined to reach the 78.6 - 88.6 Fibonacci Levels.
My analysis is based on the following: - Downtrend breakout - 61.8 Fibonacci Level - Support / Resistance Zone
Several confirmations to consider that there is a change in trend. How I determined to go into a buy, is due to a double floor with a retracement in 61.8 Fib. Level. This is a 190 pips trade. My TP is -0.27 level.
Resistance zone in 61.8 Fibonacci, let's observe if down trend continues or it is brake and we have a change in trend. Risk management please!
I will wait for the close of the OO Candle, to take the decision, this is a zone of confluence, so, orange line in TDI below of red and green lines, would be an additional confirmation. 38.2 fibonacci level, support and resistance. All my confirmation. Let's do it!
This is a 4Hr 1Hr Chart, Support and Resistance, using Fibo Ret, an Fibo Ext to continue with up Trend.
Up Trending, Waiting for PullBack in Weekly Resistance, Fibonacci Level, these my confirmations.