i have plucked out the fibonacci from diffrent timeframes. now we need to draw the zone and let the price come to give us the confirmation. patience it is! if it breaks the first zone the we're looking for the zone above
If today closes negative. below the fibo of 1.27%, we're looking to see if next week's onwards breaks today's support. If it does, surely we'll see a decline.
Yesterday's news was unexpected. Why? simply because it shot up after dipping down. As usual, there's a zone or area that forces it up. In this case the 1.236% touched and didn't hesitate to close the day with 800+ pips. As per my previous analysis, now it has closed above the 38% monthly fibo retracement. The daily has also closed above the weekly fibo...
I have plotted the monthly, and weekly and also zoomed in on the daily time frame to get a better view of it. The zone marked are zones that CLUSTERS the daily fibo together with weekly and monthly. There are 4 things to do before you place a trade on it. 1) Wait and let the market touch or come inside the marked zone 2) Wait 3) A bullish candle needs to close...
If 0.786 showed reversal on smaller time frame but not the daily time frame yet. If it breaks, we will wait at 1.27 for any reaction. if it continues breaking we wait until 1.618. patience patience patience.
It's straightforward. Monthly and weekly time frames will cancel the noises. As you see this has perfectly reacted. Now we want to see how low it will go for a potential upside. Be patient, let it come to you, wait for price reaction and reversal to enter.
Might be a potential sell after a good run on the buy. Lots of vibrational levels are approaching. patience and wait for the reaction.
This will be a zone hard to break. If not the start of a bull run, this zone would definitely give you some major reaction. You can't ignore 61.8% when it's been supported with strong support and resistance. If this reacts, im all in to wait for a new high. Maybe... to the moon.
Let the market move, zone is set. A daily reversal in that zone needs to happen. Once we see the reversal we have to make sure it breaks the low before it goes down again. It's the same thing over and over again. Patiencex3
Those who felt "FOMO" An opportunity comes again. If not now then when.
Another opportunity not to be missed. When you have these level aligned, it's worth to take this on. A clear reaction on the zone with SnR and also SnD(dbd) with fibo at 1.27%. Once the price enters the zone its time to press. Zone is just 11 pips difference with fibo in it.
This setup hardly fails on me. Daily SNR and MTF Snr and Snd with 61.8 fibo waiting in that zone. You need to really trade this ❤
lines ar e marked with daily SNR. many SSR in lower tf, m15 got RBR. Key level is highlighted in the circle. 0 float entry.
Together with SnR and SnD sits a nice fibo of 161%. Price gave a 0 float entry. Let's bring this down to 1826! Repeat of Nov 16/21 I hope.
Simple Ma can help you find the support. Fibonacci can show how to confirm it. It's all connected. I'm asking for it to drop lower but these analysis shows otherwise. Am I smarter or the market is?
By looking at the left shoulders, we have a couple of SSR. Significant support and resistance at the zone highlighted. We take the recent high and low to confluence it together with fibonacci. In this scenario, the price reacted and rejected at 35499(61.8%). No float, precise entry. Not everytime we're as lucky but when opportunity comes. Let's grab it.
fibonacci has done it again. 0 float. I use the multiple support and resistance to find the key level. When the key level meets the fibo level. It's time to go.
On the monthly chart we're looking at the possibility of it reached its Tip. Zoom in to the Daily chart, you'll be in for a treat now on the reversal. But what I look for is a weekly negative to confirm the possibility of a reversal. At the moment is running negative and we will see how it closes today. If it does close negative and below the range of 1.612 level,...