Novi_Fibonacci

Novi_Fibonacci Mod

USD/CAD is currently in an interesting area!! Price is creating an Equal Low at the previous low making it a "Neckline" for what looks to be a possible Head & Shoulders Pattern! Head & Shoulders are considered to be a REVERSAL chart pattern where price is unable to create a higher high then the "Head" and is rejected back down from the shoulder forcing price to...

Novi_Fibonacci Mod Updated 

USD/JPY is struggling after reaching these Highs it hasn't been to since back in Nov' of 22! *Given there is room for price to go higher* Price created a High on Sept' 5th with two attempts to break it afterwards (Sept' 6th & 8th) *Unable to do so creating a Lower Low! (Sept' 11th) Today the bulls gave another attempt to bust up but were DENIED!! (after positive...

Novi_Fibonacci Mod Updated 

GBP/USD has begun a bullish sequence with price pushing up above 1.25142!! Price action therefore has initiated my Trade Action Plan! *BUY* {TP} 1.25885 {Entry Zone} 1.2498 - 1.24935 {SL} 1.24691 -Trading involves risk!! This is not trading advice nor should you blindly risk your money on what you haven't tested before! Educational Purposes Only!

Novi_Fibonacci Mod Updated 

AUD/USD has given us a Bullish break out of the Bullish channel price had been travelling in before! With the strong bullish Close confirming the potential bullish sequence, my Trade Action Plan is put into place! *Buy* {TP} .64847 {Entry Zone} .64150 - .64108 {SL} .63865 -Trading involves risk!! This is not trading advice nor should you blindly risk your...

Novi_Fibonacci Mod Updated 

GBP/JPY from the beginning of this week has been in what looks to be a Descending Triangle Pattern! *Lower Highs coming into Equal Lows! With this pattern, traders would typically expect price unable to continue higher, and breaking down out of pattern to fall further! If price decides to break below our bottom leg, this will supplement my GBP/JPY Bear Sequence...

Novi_Fibonacci Mod Updated 

GBP/USD is starting the week off with what looks to be a possible Double Bottom!! Price was unable to continue further down creating a Higher Low than the previous Low created on Thur. Sept' 7th. With price currently pushing higher now, what can be expected is for a Higher High to be formed where price NEEDS to break 1.25142!! *Price breaking and closing above...

Novi_Fibonacci Mod Updated 

The end of last week left price coming down towards the Low created on Wednesday Aug' 23rd (Point A) and tested again Friday Aug' 25th after a failed Higher High on Wednesday Aug' 30th (Point B) These Lows happen to be right at the Highs created the 5th and 6th of July! After seeing the failed attempt to go higher off that push creating a Lower High giving the...

Novi_Fibonacci Mod

My outlook on the dollar this week is a BEARISH one!! Market specialist suggest the dollar will be on a losing streak along with other fundamental factors: PPI, Retail Sales and Unemployment come out Thurs. all with a Bearish expectancy Technical analysis wise - DXY has finally completed a Bullish sequence that was started on Fri. Jul' 14th, *What I expect is...

Novi_Fibonacci Mod

With price on EUR/GBP unable to create a Lower Low yesterday than the previous Low created on Wed. Aug' 23rd, I'm looking to see price go BULLISH! *Bullish Prediction- **Price MUST break above .86108, initiating my Trade Action Plan! ***Price breaking below .85237, INVALIDATES Bullish prediction. No major news events for either currency remainder of the week.

Novi_Fibonacci Mod Updated 

AUD/USD is moving higher after the negative news coming in for USD sending the DXY into a reversal! Currently 20 pips away from Bullish Sequence Confirmation *If .64481 is broken, it will initiate my Trade Action Plan! Entry, TP & SL TBD!!

Novi_Fibonacci Mod

Price is currently stuck in what is referred to as a "Falling Wedge" Price bounces between a falling resistance and falling support into a pinpoint position where it is forced to break either resistance or support *In this case we are witnessing a Falling Wedge pattern forming after a Bullish move so we should expect price to give us a BULLISH break to the...

Novi_Fibonacci Mod Updated 

AUD/USD is currently forming what looks to be a Double Bottom Pattern. Price was unable to extend lower past the low on Aug. 16th and is now moving up! The second "bottom" of this potential Double Bottom terminated in my Fib Kill Zone furthering my confidence in this analysis in deeming this a High Probability Pattern! If price can break above the .64881 level,...

Novi_Fibonacci Mod Updated 

USD/JPY failed to make a Higher High and is looking to go lower. Here is my Target and my reasoning and work. SL and Final TP will be updated as time goes! Stay Tuned

Novi_Fibonacci Mod Updated 

EUR/USD is starting off the week with a Bear Flag! Break of the flag to the downside is expected, following suit before price entered into pattern. I believe the break will give to a BIGGER bearish sequence. Waiting for a VALID CLOSE and RETEST of break to so validation. SL, TP & Entry will be updated!!

Novi_Fibonacci Mod

USD/CHF worked into a consolidation period after having finished a small bullish sequence. If we get a Bullish break of this consolidation, creating a new high, I'll be looking for price to complete its final wave at my target! SL, TP & ENTRY will be updated!

Novi_Fibonacci Mod Updated 

EUR/USD made a Higher Low last night than the previous Low made last Thursday! I suspect EUR/USD wants to make a Higher High then our current high in which case will be the beginning of a bullish move towards my Target zone. *WAITING FOR PRICE TO BREAK 1.1042 TO INITIATE ACTION PLAN* Currently as I write this, DXY is losing strength going into a downslope BUT...

Novi_Fibonacci Mod Updated 

USD/CHF has been travelling down what looks to be a BEARISH channel! Finally got a break of the channel to the upside! Looking for a possible retest of the falling resistance to use as support to climb higher!!