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when placing the fibonacci retracement tool on a recent monthly impulse we can see gold has rejected a strong reversal level 161.8 .. a short position is safe with target profit above 100, the neckline of the W formation. like and comment !!
Hello everybody, I thought i would share after seeing countless tutorials on how to draw the fibonacci WRONG , when it comes to drawing the fibonacci on the impulse you do NOT draw it on the candlesticks.... The candlesticks and wicks lie! Old school way of trading is on the line chart, where the original traders won their trades. Blessings! Like or comment below! Thanks
Hello everybody, If you go months back you can see an inverted head and shoulders formed, followed by an M formation, and now heading to test the neckline now. By placing the fibonacci from the low to the high on the weekly chart we can easily see the engulfing patterns on the 786 level which is a strong reversal area towards 382. You can be looking to long and...
Currently rejecting a strong zone ( weekly opening price) . clear head and shoulders is visible. we also have M formation on the higher time frame with rejection at the neck line. you can go short to previous week low
Hello guys, On the monthly chart we can see an M forming, on the weekly we have an M formation already formed and currently testing the neckline. We have rejection at the neckline, using H4 for entry with engulfing patterns, we are going short. You can take profit at last week's low.
Hello guys, On the monthly chart we can see an M forming, on the weekly we have an M formation already formed and currently testing the neckline. Use H4 for entry on Lower lows. You can take profit at last week's low.
Gold made a clear break of a strong zone where it had open and closed for some days. leading up to major rejection after at .382 and then 0 levels. is very safe to -0.272. Please like or comment!
Enter long position if bullish reversal patterns at previous zone. take profit at 1271. Repeat same process to 1618.
On pullback, if there is engulfing patterns at previous zone at 786 area, short to 1.618
massive head and shoulders reversal on the weekly
Gold broke through daily closing price, and it has rejected previous zone soon after. On the short term, gold is headed to zone below. Take profit above 161.8
Using the fibonacii retracement tool lets take some profit off the daily, set sell stop at 0.236 and take profit after 0.618
Check out my wave analysis! Tell me what you see
above is my wave analysis, overbought and divergence
Check out my analysis! Us30 is a Mirror! Leave a comment on what you think!
Using Fibonacci Retracement on EURUSD, using the reversal candles to confirm the position.
Confirmed Reversal signal at current resistance. Set your sell stop below the 50, and TP above your 61.8.