On the AUD/USD I'm late on this but I'm posting it anyway because there's still room to enter this trade. Fibonacci: Price seems to be reversing. It broke the 0.382 Fib level confirming a reversal. When I draw multiple Fibonacci from the recent swing high to multiple swing lows, there's an overlap at 0.74478 which indicates a strong support. Elliot Waves:...
On the EUR/GBP Fibonacci: Price seems to be done retracing and heading back to the 0.618 Level. I will be watching 0.87354 for a possible long entry. When I draw multiple Fibonacci from the recent swing high to multiple swing lows, there's an overlap at 0.87250 which indicates a strong support. The price has dropped below this so this maybe a reversal instead of...
On the EUR/JPY Fibonacci: Price seemed to retrace a bit to 124.791 (0.618) but I'm not sure if it will hit it if so, that would be my ideal short entry. When I draw multiple Fibonacci from the recent swing high to multiple swing lows, there's an overlap at 124.784 which indicates a strong support. Elliot Waves: I see the 4th wave has formed but it doesn't seem...
Hey, guys. So I'm trying hard to work on my chart reading skills. I would like to post a couple charts with my analysis and possibly get some input from this group. I'm pretty new to Elliot Waves and Fibonacci Retracements. Anyone willing to participate? I'm hoping we can learn from each other with this. On the EUR/USD Fibonacci: Price seems to be retracing. I...