Price retraced back to a level of resistance that is also the 50% fib level to the downside move, after a deeper retracement. Anticipating a sell to 182.9XX to complete the fib sequence.
Looking for a long to monthly resistance @ 1.50500 on this pair if we can break weekly resistance at 1.49400.
Looking at a potential 80/20 setup on this pair on the 4 hour. If price does not retrace before reaching daily resistance, there may be an opportunity for a ~115 pip retracement, atleast to the 38.2 of the up retracement to gain enough momentum to continue to the upside, breaking daily resistance. The alternative is that price can complete the fib sequence off...
D extension hit. Will GBPUSD pullback for a continuation to the downside?
Technical Analysis We have continued to have a shallow retracement at the 23.6% level for months. Price has attempted to break above the 1.18 and 1.27 extension to no avail. I am anticipating a retracement atleast to the 38.2% fib level, wishful thinking but a retracement to the 61.8 would be even better. I'm looking for a deeper retracement on this pair. ...
Technical Analysis On the 4HR to the downside we experienced a shallow retracement and price appears to have stalled at the 1.27 and 1.18 level. Anticipating potential retracement to 1.888X to 1.894X area before a potential continuation to the downside. Fundamental Analysis Australian Dollar has weakened as a result of Russia invading Ukraine. Australian...
Technical Analysis We have continued to have a shallow retracement at the 23.6% level for months. Price has attempted to break above the 1.18 and 1.27 extension to no avail. I am anticipating a retracement atleast to the 38.2% fib level, wishful thinking but a retracement to the 61.8 would be even better. I'm looking for a deeper retracement on this...
Short term, I believe price is going to 1.37000, long term, I believe theres an opportunity to 1.3850.
Currently in a short on this. There was a shallow retracement to the upside on the daily on this pair. Anticipating to price to travel atleast to the 38.2 which also happens to be a key level of support.
Looking to execute a buy setup for roughly 200 pips after price retraces and tests backside of trendline. Will not execute unless price finds support on the backside of the trendline.
Price has reached the 38.2 retracement level, which is a key level. If price finds resistance here, we could see a move to the downside to complete the current fib sequence. If it breaks above, we could see it travel to the 61.8 D extension before making a move to the downside.
Price has pulled back to a key level to the downside. The D extension on the monthly has not yet been hit. Long term I am bearish on this pair. Should price continue to ~.8710X, price would be at a key level to the upside, the 61.8 fib level.
Price hit D extension to the downside. I believe we are going to see a pullback atleast to the 38.2 but would love to see a deeper retracement to the 61.8. There is a short term buy opportunity for a longer term sell.
Price has hit a D extension to the downside. Anticipating a retracement to the 4 hour level of past support, for continuation to the downside.
We've hit a 61.8 D extension to the downside on the lower timeframe. Looking for a pullback, structurally that looks to appear around 155. When price retests this resistance and I receive confirmation for an entry, I'll be looking for sells.
GBPCAD has reached a monthly low and a D extension. It appears as though price may have found support. If this is the case, I would like to see a correction to the 61.8 level of the down move. This would present a buy opportunity of roughly 450-600 pips. Price could react at the 38.2 which is why I have given a potential profit range.
It appears as though price has hit a D extension to the upside. Looking at a retracement potentially to the 38.2 or the 61.8 before we see a continuation to the upside.
Price hit a D extension to the downside off of a shallow retracement to the upside and stalled out at the 1.18 and 1.27 D extension. I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside. I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be...