fibconfluence

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jackjamesholmes jackjamesholmes BTCUSD, 240, Long ,
BTCUSD: BTCUSD Resistance Level - Fib Confluence
75 0 0
BTCUSD, 240 Long
BTCUSD Resistance Level - Fib Confluence

BITFINEX:BTCUSD The precision of the confluence between the two fib retracement levels struck me when I was plotting out resistance levels. On that basis I suggest keeping a close eye when price reaches 12,961. A break above would be very bullish but I think it is likely there will be some retracement from near the 12,961 level before the next wave up.

bmck1 bmck1 GBPUSD, 60, Long ,
GBPUSD: GBPUSD - H1 - Possible counter trend move up here on Cable
90 0 2
GBPUSD, 60 Long
GBPUSD - H1 - Possible counter trend move up here on Cable

The overall trend is bearish but looking for a bullish opportunity here back up into some previous structure where other traders might be looking to get short again. We have several tests of the lower levels here, and have been consolidating a bit in a rectangular channel which we seem to have recently broken out of. Would be looking for an entry reason around ...

UmarPandor UmarPandor AUDNZD, 240, Short ,
AUDNZD: AUDNZD
20 0 2
AUDNZD, 240 Short
AUDNZD

Market is in a downtrend, however the recent outbreak to the upside can be a potential relief rally for the market, and after i this complex pullback has completed the market is going to retest structure lows, and maybe even carry on the underlying trend, which is bearish

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