Fibonacci

Took a USDCHF long with a an R:R of 2.1 My reasoning for this trade was the strong rejection of the 78.2 Fibonacci retracement level, as well as the pivot line adjacent with it. To me this shows a possible 1.2.3 move with a the push to the downside now ending resulting in a higher high being formed.

Price has formed a double bottom pattern. This is a bullish reversal indicator. Wait for confirmation candle...

GBPUSD Long Trade Tight Stop Loss R:R 8:1

Here is my simple USDCAD long entry based off the current 1hr chart. The bearish counter trendline was broken on Friday with a higher high being made. Price has now pulled back to retest the trendline and the fib 0.786 level. I am looking to add to my current long position on USDCAD that I entered at the beginning of the month. Profit target 1 is at the...

I am now shorting the EURJPY FX currency pair based on the 4hr and 1hr timeframe analysis. Confluences for taking this trade are as follows: - 4hr lower high - Multiple rejections of 0.618 Fibonacci Retracement level - 1hr bullish trendline broken with lower high - Daily timeframe showing tweezer top formation I have placed a conservative stop loss which is 50...

CONSTRUCTIVE CRITICISM WELCOME. Confluences as annotated. I'll ideally be looking for rejection within the 61.8% to 78.6% fib region before taking this long.

Analysis: - Triple top pattern formed underneath resistance area. - Price broke through and retested this area before pushing off of the 0.382 fib level - Price is currently forming a bearish candle. Could be another possible retest of the resistance area. Price may be entering a state of consolidation. - Wait for a confirmation candle.

Double top pattern formed above current resistance level/previous support level.

Here is a simple short set up on AUDJPY. Price seems to be making a lower high and rejecting the Fib 0.786 Retracement level. There has been a lot of price action at this level previously so there is potential for good liquidity to be located in this zone. Decent R:R of over 5:1 if we target the previous lows and the 77.500 support region. I would place my stop...

Simple trend continuation short trade on EURNZD FX currency pair. Price has been making lower highs on the 4hr for some time now. I am looking to take advantage of this and go short on the next rejection and lower high at the bearish trendline. Fib 0.786 retracement level sits in that region as well. 1.66500 key level sits here and there is previous...

I am currently in a short position on NZDJPY based on the rejection retest of the broken trendline but this is another opportunity to short this FX currency using my simple day trade method. 15minute flag pattern forming 3rd touch of top TL rejecting daily pivot Lower high on the 15min chart Rejection of fib 0.618 SL is 10 pips above the current high. I have 2...

GBPUSD Long opportunity by utilising the weekend gap down on open. The rest of the analysis for a long bias is the bullish trendline, fib 0.618 retracement and the structure zone at this level on the chart. Stop loss = 50pips I will move my stop loss to breakeven when the gap is closed.

The 4hr wedge was broken last week and the bottom trendline has now been retested. Although there is no real Fibonacci Retracement level here, there is a lot of structure to the left and I believe the overall bearish trend should continue. Stop loss is above previous highs to be safe.

There is now another opportunity to enter short on the EURUSD currency pair. I am still holding my short position from 1.14 because price made a lower low last week and it is now forming another lower high so my bias is still bearish. - Lower Lows & Lower Highs - Double top rejection of Fib 0.5 retracement level - Price is rejecting 1.13 intraday resistance...

CONSTRUCTIVE CRITICISM WELCOME. Confluences: 1) 3rd touch of trend line. 2) Rejection of 38.2% fib. 3) Rejection of monthly resistance 1.0050. Target at daily support.

Here is a fairly high Reward:Risk trade set up for next week. GBPUSD is approaching the outer bullish trendline for a 3rd touch and this also coincides with the Fibonacci 0.618 retracement zone. This is a very simple trend continuation set up with a target price of 1.35 achieving a high reward ratio. However! - It takes 3 touches of a trendline to confirm it. So...

- 4hr showing rejections of Fib 0.786 region - Higher lows - AUD news based drop last night... technicals to continue the bullish move. Move stop loss to breakeven when price moves 30 - 40pips in profit to remove exposure on this fairly aggressive trade.

Usdcad looks like it's going to carry that strength into next week, with the bounce of 61.8 and the trendline. it might retest the zone before starting the move. potential Tp at 1.35