MrB_

MrB_

Just a prediction

MrB_

nticipating FTSE weakness. Higher time frame has made new lows before retesting structure and finding resistance at the Fibonacci 61.8% zone and the 7250.0 psychological number. Price has made a lower high and seems to have formed a heads and shoulders pattern. I am waiting for price to beak the counter trend line , retest and find an entry on the continuation

MrB_

Forgot to post this one. Price has broken the HTF lows and on the retest it has pulled back all the way to the 78.6% Fibonacci. Price then printed lower highs and on the break of the counter trend line I found an entry. Immediately after my entry I spent the whole day in the neg but finally price has shown some momentum. TP base of the counter trend line.

MrB_ Updated 

On the Daily time frame price has made new lows and retested previous structure (blue box) which it seems to have found resistance at. Price also has other confluences in this area such as Fibonacci and round numbers. After a big rejection from this level price has made lower lows and most recently broken the counter trend line I had drawn out from the beginning...

MrB_

In my opinion the overall trend is bearish. The weekly/Daily Fib has found resistance at the 61.8% showing major rejection at this level also at a psychological round number 85.000. H4 channel has been broken to the downside and seems to be currently retesting this area. If we can get a continuation I believe we can reach the channel base, Fibonacci base and...

MrB_

Weekly Fib held on the 78.6% Fib before showing a consolidation/wedge formation. Price broke out of this formation without giving me an entry reason but now we have come to a structure level. Price has broken this level and retested it. waiting to find an entry on the continuation.

MrB_

Price has broken previous structure (blue box) and has now retested this level with the 38.2% Fib and round number as added confluence. if price can hold this lower high we would have a triangle/wedge consolidation formation. ill be waiting for price to break the CTL retest and find an entry on the continuation. Targets will be 0.85000 which is the extension...

MrB_

Previous leg has completed its extension so now it may be time for a quick short back to previous structure before the next extension.

MrB_

Price had come too a weekly resistance level (blue box) and was showing signs of weakness. Price finally made lower lows and in the process breaking the trend line shown. As seen on the Daily TF price has most recently broken the structure level (orange box) and had the H4 shows a retracement which allows me to find an entry on the continuation

MrB_

This is one of my favourites of the week ahead... Price has made Higher Highs, Higher Close... pull back into strucutre and a Fib level showing two convincing bullish engulfings... Daily we can clearly see price has made Higher lows off the 61.8% and has broken the CTL with high momentum. H4 Price has broken the most recent strucutre highs... what am i waiting...

MrB_

Price had come too a weekly resistance level (blue box) and was showing signs of weakness. Price finally made lower lows and in the process breaking the trend line shown. As seen on the Daily TF price has most recently broken the structure level (orange box) and had the H4 shows a retracement which allows me to find an entry on the continuation

MrB_

Price has come up to the weekly structure zone and is now showing some signs of weakness/hesitation to make new highs. In my opinion if there was buyers they would've stepped in by now. If price can make new lows I anticipate shorts to previous structure and Fibonacci levels

MrB_

watching EA for possible longs... from the HTF we can see a consolidation build up and most recently a convincing break and close on the H4, however price could bounce from my pivot point and fall back into this consolidation pattern meaning that this was a fake out. To avoid being caught out in a possible fake out i am waiting for a retest of a strucutre level...

MrB_

Here we can see a Triangle consolidation that has just broken out and is currently showing the retest. If we can get a continuation price should travel the width of the Triangle base.

MrB_

Bigger 61.8% Fib in play. CTL break, retest and continuation for shorts

MrB_

Major rejection off weekly resistance. following weeks possible shorts

MrB_

If the trend is to continue we should expect the next swing soon.

MrB_

Price has finally reached the 61.8% and is now showing lower lows and bearish engulfing