Fibonacci

EURUSD currently retesting 1.135-1.136 range, with a trendline in play. Long opportunities to 1.144. Fibs 0.618 located at current level. Will be shorting if there is a strong direction change upon confirmation to 1.13 psychological handle as a second scenario.

EW analysis of the Bullish wave four structure in progress..

GBPUSD has recovered greatly since the flash crash early in the Asian session on 2nd Jan. From a technical point of view we came and tapped a big psychological resistance level at 1.28000 before coming right back down and breaking through the ascending trendline. Upon a break we look for a retest to sell & we have that here. along with this we have may confluences ...

Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.

Heading towards the top of the ascending channel on USDCAD, multiple confluences including prev resistance & possible double top forming on Daily TF therefore I believe we could have a great sell opportunity around the 1.37500 level. We are in a strong uptrend however we are over extended and have a lot of 'empty space' to fill below. Looking at the smaller time ...

simplicity is key! very simple setup on GOLD, we are overextended and since having touched the daily resistance we have formed a pennant. We are looking to break to the downside & have confirmation with a 4hr close outside the pennant. Initial targets are set at the 23.6 retracement level followed by the 1260 level.

Fundamentally, I believe the U.K. will crash out hard from the EU causing GBP/USD to fall to parity. Coupled with weak GDP and rising levels of inflation, the economy is headed towards a recession in the coming year. Analysis was done based off a Fibonacci Retracement level from monthly swings to the downside. A further extension level was plotted, and with ...

A potential short opportunity to the -61.8% Fibonacci Extension level - price has rejected from the 38.2% 5 times on the H1 TF, indicating more downside momentum . should we this in play, a touch of the trendline could be tested with a potential long opportunity at at the ready. TP - 0.31970

USDCAD - change in bias after breaking to the upside of the consolidation range, looking to see a retracement leg to the upside. a clean break and retest would give us the confirmation we need to take a long position with initial targets set at the 50% retracement level

Had the bounce off of the monthly low of 0.92476 at 1D time frame. Tested and rejected the 50% fib at the price of 0.94354 next key pice test is a minor resistance of 0.97592 we need to break that price and test it as support within the next four weeks.

*bit messy* waiting for sell confirmation as it comes up to a strong resistance and Fib 0.236 line Updates will follow

Using the fibonacci, and the support lines, we can see a clear trend and a strong resistance that I believe will not be broke and after that we do have some ways to fall. So we could very well see a couple test of the 0.331 resistance before a a free fall to our next support, which I believe is in the 0.321/0.3215 region. How ever should we break threw the ...

USDCAD, simple setup break out from the consolidation range followed by a retest + retracement. entering shorts if retest holds on the 1hr timeframe.

GBPUSD has come into our sell zone between 1.28500-1.2900 also hitting our fib extension and rejecting thus far. shorts now in play! Brexit vote coming into play tomorrow could be a huge catalyst for this pair to go down south as i believe GBP is way too overpriced given the turmoil it is in with the whole brexit mess.

Looking at past swings in the market to get an idea of where the market is heading. ( prices usually relates to prior swings - the coloured orange and pink lines are SWINGS) measure the length of a pull back ( orange ) chances are that will be the length of other pullbacks which you can use to mark out your level of entry. the orange lines are patterns as well ...

Breakout of the range this pair was trapped in since October and price retraced to the 61.8 to retest 1.15 psychological level and should bounce back to the upside.This zone holding as support and price action currently consolidating on the lower timeframe, implying a potential bullish impulsive move. Clean charts giving importance to pure price action and market ...

This is a simple trade idea price has respected the 50% fib level which is in confluence with the 200 ema and 100 and 50 clustered up which can indicate forth coming momentum. entry just above yesterdays high.

At 6am we witnessed a bullish breakout candle breaking past the 0.67572 resistance zone. Before price continues in a bullish continuation trend, there will be a retest of this key level along with the 50% Fib level. Price should retrace from this level and continue heading up. We have two targets in place: Target 1 is placed at 0.67876 Target 2 is placed at ...