Highest Time Frames; Weekly Monthly tapped levels seen during 1995, then impulse move upwards. Daily Time Frame: Bullish Energy Respecting Ascending Trendline 4H Time frame 38.2 Fibonacci Retrace indicating significant upwards momentum from Monthly Weekly low 4H Fibs Within Fibs: smaller move tapped 61.8 Enter on 1H retraces that respect support and resistances
USD volatility and strength lend to a possible short opportunity at an upcoming daily resistance level. If Dollar bullish momentum sustains then look for a break of the daily resistance then retest towards it to continue long.
Hoping for a slight retracement entry on Uchf to continue the run to the 27 fib extension. Bullish trend so strong we may not get it, but will observe the start of the week for a entry possible in the middle of the week
Wedge TL's burst, STRONG bullish trend. Retrace back to support ALL fibb retraces hit except for 38.2. Above all EMA's
Plotting EA for the last few days, Bearish major trend looking for retrace upon break of the 200 daily and correspondence with retracement fibb and strong reisistance/support levels
Strong short will happen, while preserving bullish momentum then rebounding to Fibonacci extension levels
Bullish momentum strong on the dollar, overall trend will be up and the retrace will only go to the structure of the 32.8 fibonnaci
GBP strength returns for one final push in 2017. Fibb retrace levels from previous major support show crucial -27% level coincides with a majorly key level. consolidation zone and spikes down provide entry. Hopeful push to key level next week/beginning of december 2017
Go ahead and take the potential 90ish pip short then continuation to the upside. The trend up is too strong to be ignored and we will push higher
Bulls in control. short term sell at the 50% fibb level of the downtrend (that kept the overall bullish momentum intact with a HIGHER low) Overall uptrend targets are in the hundreds of pips. But conservatively 50-130 pips potentially on the table for the retrace before continuation
Powerful bear move moved GA to the 50% fibb zone and we hit a key monthly level of support. What happens next is: If we respect the "mayo" (200 EMA and get bullish candle closures respecting both mayo and key level we will be poised to run up. If the Mayo and Key level is disrespected then its downward we go!
On the daily a fibb retrace shows we have accurately hit the 50% fibb retrace zone, this means that if we can get some confirm candles showing bearish activity we will push further down. I have not entered until i see the temporary retrace UP finished and a good confirmation entry to the downside materialize.
With support zone forming strong with 3+ touches and rejects to the downside, potential long establishing for a Swing up if a 50+ SL can be carried. Target zone 78.6 for 277 or more pips long with a 50ish risk.
If you can bear a 90 pip SL GJ may be changing direction on the 61.8 Fibb and 200 EMA "mayo" for a strengthening to the upside. target is 300+ pips
Higher time frame trend: UP. Market opened to gap down. Inside trend lines are compressing perhaps giving consolidation before it shoot back up
Strong BEAR energy right now. Previous support/resistances are broken and you may be safer entering a sell for 100 pips than any long trades right now. Awaiting test of a 3rd touch to trendline and slow down from the Key Fibb levels of 61.8 and 50.
GA is FLYING with no slowing down in sight. Bullish momentum will continue and we will break the July 6th high, I am looking for a re entry to the buy after the slight retrace i'm expecting. I did something unconventional with the Fibb retracement: from the established low i drew out the range to the July 6th high giving us great confluence with what happened at...
Overall GBP trend is LONG (Daily) before we rise up and shoot to the -27.00% fibb target (which also lines up with the 200 EMA) we have 100-300 pips potentially to fall. I believe this is where the market will trap traders before resuming long. Heavy Fundamental News coming out this week, trade safe!