reneordosgoitia

reneordosgoitia

Wait for a canddle signal at the channel breakout, 100 - 200 pips rewards

reneordosgoitia

8000 area is according to fibonaccion retracement level of 61.8, wait for your signal to go long.

reneordosgoitia

As we can see, the currency price respond at each level of the fibonacci extensions. The price is right had already end a 5 wave cycle, the price right now is in the retracement process in a descending triangle structure. The chance to go downside are considered high, in the same fibonacci logic, because it hasnt touch the fibo levels of the higher degree...

reneordosgoitia

he price had formed a descending triangle after an extended 3rd wave, as we can see in the 5 subdegree formed in the 3rd wave. The bottom of the descending triangle is in the area of the 61.8 fibo retracement. We must wait for the 5 wave.

reneordosgoitia

The price had been stopped by the MA200 with a hammer candle, if price breaks the blue downside line, we should expect more forces to upside. TARGET 1 = 15000

reneordosgoitia

The price had been stopped by the MA200, in a 0.68 fibo level, with a doji canddle, and near to a significance historical price level, $40

reneordosgoitia

The price, if still behaving in a sharp downtrend direction, the fibo lines of the upper lever impulse in coordination with the fibo extension of the last ABC zigzag impulse, are the areas to find a support level to look to a buy option

reneordosgoitia

The price had hit the 1.618 of the previous impulse, now we are waiting a retracement process to 50 - 61.8 of 1+3 impulse.

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If the price break the neckline area, according to fibo analysis, the next area is rounding the 8000.

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THE PRICE FIND SUPPORT AT THE FIBO EXTENSION 3.618 OF WAVE 1. * THE THIRD WAVE IS QUITE EXTENDED. *WAVE 5 AND WAVE 1 HAS THE SAME LENGHT.

reneordosgoitia

According to the first retracement wave in a lower degre of the bigger zig zag retracement process. We find 3 tentative areas to watch to go long again.

reneordosgoitia

Wait to the breakout of the retracemente box. first target, the fibo 161.8

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the last kiss trade is conformed by the retouch principle: 1)indetify choppy market 2) wait for the breackout 3)identify the retouch, then enter the.trade is later of a strong canddlestick after the retouch,

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- In a big picture, the price had been falling in a descending channel. - The price fall and reject at the 76.4 fib level. -In a lower frame, the price is in a descending triangle retracement process. - Wait for the break out of the descending triangle, and look for your long strategy entry.

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Wait for it, be patience.

reneordosgoitia

The price is forming an sideway retracement of 5 waves, has already repeat the pattern twice. the price for watchout the entry is at 0.1500

reneordosgoitia

Watchout out those area with your strategy entry.

reneordosgoitia

The price is at a strong upside movement. We can recognize this because the retracement movement are sideways and formed in a short time. The fibonacci extension 161.8 ffrom the last run up, is near the all time high price, $900 is the target price.