ZeonFx

ZeonFx

As my previous analysis on GBPUSD, the price rebounded from the support area to the resistance area for about 300 pips. Now wait for the correct price action to short using your own analysis. Is it going to form Double Top pattern?

ZeonFx

If the price shows some rejection at the resistance there, so it may turn back down to the support area. The resistance is quite strong because the price had tested many times before this.

ZeonFx

It has rejected around support area and tends to go up to the previous resistance which complies with Fib Retracement.

ZeonFx

XAUUSD will go to one of the points of Fib Extension and bounce up

ZeonFx

Two possibilities: 1. It will pullback to 161.8% of Fib Extension and fall to TP. 2. It will straight away go to TP, and if it does break 68.336, bearish momentum takes place.

ZeonFx

NZDCHF will pullback to 161.8% of Fib Extension which complies with the SnR and continue to fall until it reaches TP (0.59868)

ZeonFx

GBPAUD is reaching up 161.8 % of Fib Extension that complies with the previous resistance and expecting to go down until it hits TP (1.73440).

ZeonFx

EURUSD has made a new Lower Low. It will pullback to 61.8% Fib Retracement which complies with the resistance. For now TP is 1.17018. If it breaks 1.17018, sell momentum takes place and we will revise a new TP.

ZeonFx

EURGBP might pullback to 61.8% of Fib Retracement which complies with the resistance and will rise up to the TPs as the trend in H4 is still uptrend. TP1: 0.91678 TP2: 0.92008 TP3: 0.92542

ZeonFx

EURCHF has reached an overlapping points between Fib Extension and Fib Retracement which complies with the resistance. It is estimated to fall back to the TP (1.06542).

ZeonFx

EURAUD has reached an overlapping points between Fib Extension and Fib Retracement that comply with Snr. It is estimated to fall back until reaches TP (1.60781)

ZeonFx

CHFJPY could not pass 78.6% Fib Retracement level which comply with resistance. It has broken the trendline meaning bearish momentum takes place. Wait for it to pullback for short as the price has already moved. TP at 114.314

ZeonFx

CADJPY closed at 61.8% of Fib Retracement expecting to go up. Wait for the confirmation first and the price is still consolidating in the SnR zone. The break of either zone indicates the momentum is bullish/bearish.

ZeonFx

AUDCAD could not pass 61.8% Fib level and the recent candlestick showed a rejection to the engulfing base meaning it may go higher. TP1 is at the premature level and if the price breaks the level (0.96360), there is a high possibility it will go to TP2. This technique will decide when to take profit from the exact Fib level and know how to identify the premature...

ZeonFx

Risk-on market sentiment means USD becomes weak and give support to Kiwi and Aussie The chart has reached premature points with a possibility to make Higher High. TP as in the chart. Fibonacci students will know what does it means with premature point and how to get TP using Fibo only.

ZeonFx

CADCHF will start to rebound and follows the trendline. A break below the trendline and resistance will bring the price downside. TP for long and short entry can refer in the chart. My students will understand how I work with Fib Extension and Fib Retracement in finding Entry price, TP and SL

ZeonFx

This pair dropped below last week's 1.3100 mark and close at about 1.3080 near its weekly low. Continuous support shifts to 1.3040. The price has reached the point where Fib Extension overlapped with Fib Retracement. So I'd expect it goes upward and a break above 1.31405 to tell that the next resistance is 1.32042. A break below 1.3038 is needed to reassert a...

ZeonFx

The initial litmus test remains the zone around 1.1790 which then focuses on the 1.1760 level, but the 1.1700 psych level remains crucial to entertaining the concept of a reversal. If Bulls drive the price higher from here, the level of 1.1920 becomes the nearest level of resistance until the level of 1.1965 and the upper side of the long-term symmetrical...