UnknownUnicorn468659

UnknownUnicorn468659

USDJPY accumulation/consolidation right after last week's dip. Reached the 61.8 retracement and then went back down a bit only to come back to the 70.2% optimal trade entry. The target is at the red marked circle. Red mark is based on the last trend based fibonacci extension on the last leg down. This happens to be a midfigure level at 104.850 at the 1.618...

UnknownUnicorn468659 Updated 

NZDUSD has been bearish for a long time now No reversal signs 1.618 extension on the 61.8% bearish retracement level perfectly matches previous daily support/resistance

UnknownUnicorn468659 Updated 

EURUSD reaching institutional sellzone at the perfect 1.1 rounded number. Expecting drop down to follow as directional premise is bearish.

UnknownUnicorn468659

EURUSD formed the orderblocks again on the lower timeframe. Expecting move down to continue.

UnknownUnicorn468659 Updated 

Not going to monitor this one. Small order, targeting the 127.2% extension to be safe. Good luck everyone!

UnknownUnicorn468659

Tokyo timezone will start in a bit and we can see the market really respectfully returned price to the Tokyo Support // Resistance Tokyo had actually opened with yesterday. Interestingly, we 'together' hit a very strong 3 Month support level. As I write this, price has just punched through the Tokyo S/R , which means the asian session will most likely be...

UnknownUnicorn468659

Bears will probably be paying attention to this pattern forming on the daily. I myself am not going short, but I would love to hear you made some money off this one. Things that are interesting: - measured H&S profit area, exactly matches: --- rounded .68 number --- earlier high (green box in march) - rsi divergence around the neckline and - failure to go...

UnknownUnicorn468659

The most logical path I could find based on current structure support // resistance levels. The divergence is merely marked because I find it interesting to watch on the RSI alone. I've backtested RSI divergence on smaller timeframes and they were relatively reliable in terms of minor retracements and larger reversals. Would have to combine with more data to...

UnknownUnicorn468659

This is my first EW analysis. First I copied the upper channel resistance line and simply checked to see if I could find a near symmetrical lower support correlation. Coincidentally (C) has a near symmetrical match near where we are now. The lower support level of the channel ends at a measured move location: namely the (E)-(1) leg. This move would mean that the...

UnknownUnicorn468659 Updated 

Double Falling Wedge Patterns tend to breakout topside more often than not.

UnknownUnicorn468659 Updated 

TP 23.6 retracement.

UnknownUnicorn468659 Updated 

EURUSD might breakout the top here, but it'll require massive strength. The interesting thing here is the earlier rising wedge that had a relatively higher bearish atmosphere. This pennant is at the exact same spot. Will post 5m timeframe chart below. See earlier rising wedge analysis in the related ideas. I personally wouldn't trade the long breakout mostly...

UnknownUnicorn468659

I'm not short, but this has potential! Happy trading.

UnknownUnicorn468659 Updated 

To help better understand how to use Fibonacci Spirals when trading, I have decided to dedicate a topic about them. My quest here, is to consistently generate predictions using Fibonacci Spirals. I have only recently started to see a pattern and once I found it, I could somewhat consistently reproduce the same results, that is... visually. I could not however...

UnknownUnicorn468659

The question we might all have asked ourselves is: how do we recognize a reversal and how do we recognize a retracement? (I am a newbie, so please if you have anything valuable to add, by all means help me and other newbies out by sharing your knowledge about the subject.) The divergence shown in the indicators can often lead to confusing thoughts. Rule of...

UnknownUnicorn468659 Updated 

Divergence trend lines in red show why trend changed into upward movement. USDJPY will be a move up and right now is the right time to hop on the train. It reached the october 2014 support level. Fibonacci levels show a good amount of confluence on the indicated support levels. Good luck!

UnknownUnicorn468659 Updated 

EURUSD has got the potential to move up after massive divergence into the value area (volume profile on the right).

UnknownUnicorn468659 Updated 

GBPUSD first divergence caused massive drop in price yesterday. You can also see some useful fib confluence going on.