Fibonacci

A double top formation seems to be forming, so I will be looking for reversal patterns to form around the 61.8-78.6 region before going Short or even a break of the 2hr CTL. The previous setup was invalidated as there was no reversal pattern. Keep an eye out on the DXY.

Hey Guys Second video already! I do like this way of communicating! Summary: 1. I haven't traded the GU all year 2. Missed short opportunity but that's fine. 3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest. 4. If your strategy permits, you can trade both directions when a setup has...

Simple trend continuation trade on the Dj30 index. Lower high made, resistance levels holding price down, Fib 0.786 for extra confluence.

I will be looking for reversals to form around 1347-1350 for a potential short. I do see Gold making a retracement to the 61.8-78.6 fib region or make it's way back down to 1275 for a swing higher. So for potential targets Target 1: 61.8 Fib Final Target: 1275.000 (If there is a Weekly Closure below 1275 I will continue to hold). If I do see any reversal...

USDCAD has fallen sharply today but we could see some support come in around this level at 1.133200. This level its self has provided some good support / resistance in the past. We also have the 61.8% Fibonacci retracement level of the rally from the 3rd of April low and the 78.6% Fibonacci retracement of the rally from the 19th to the 28th of March. The S2 daily...

OANDA:EURCHF FX:EURCHF FOREXCOM:EURCHF SAXO:EURCHF EURCHF is bouncing from the lower end of a large range. Price action has remained above the large support band between 1.1106 to 1.1200 on the weekly chart. The bullish hammer candle that was posted on the week ending 7th June 2019 suggests that buyers could return in the short term. The daily chart displays a...

FTSE100 Short Trade to 7000.00

We can see a clear break of the ascending daily trendline, we expect a pull back to the 0.99797 zone where we will look to short somewhere in between the 50 and 61.8 Fib on a strong level of resistance. We are targeting the weekly support level of 0.95826

Will be looking for reversal patterns to form around 78.6 and the Downtrend. This short will be invalidated if it continues break but I can look to go long if I see a break and retest on the 100 fib

Having a look here into the AUD/NZD, technically I see a major key level @1.05454 where wave 5 will initiate its long as wave 4 comes to a close. My key level here is located at the high of wave 1, which wave 4 cannot violate if this Elliot Wave analysis is to be validated. If the Key level is broken, I expect my 'Buy Zone' area to react as a strong support...

Gold long trade set up. Buying the 4hr higher lows to $1300 target profit.

Will the trend of 0.618 of the last wave down continue? Draw a fib retracement from the bottom of the last wave down to where it started (the top), and 0.618% is the target of the next wave up.

Potential Buy Set up being formed, On Daily Chart, we can see a nice double bottom followed by a strong bullish engulfing candle, take profit areas around 0.7207/0.725

USDCAD: Entry @ 1.33134 Second Entry @1.33515 SL@ 1.33386 TP1 @ 1.30739 TP2 @ 1.29765 If market breaks above daily level of structure and finds support at .382 level, high may be reached at .618 level which lines up with daily downtrend. Measured move indicating residual momentum so TP2 @ 1.29765 with entry between .618 and .71 levels. Respective totals of 239...

GBPUSD: Entry @ 1.27368 SL @ 1.26591 TP1 @ 1.28596 Following uptrend on W1 and has bounced from the .382 level indicating impulsive move to negative .618 target. Already broken daily levels of structure and has found additional momentum from 21MA and 50EMA indicating market will not retrace down. Fib timezone suggest TP will be hit at 10:00 on 24/06 at the...

We are looking for an entry to be short this market, we were stopped on a spike which went 60 pips above the daily decending trendline before retracing all the way and closing under. Looking to short

Another hard luck story from last week. Analysis would have been perfect if we hadn't of had such negativity from the ECB Chairman which caused the dropped that stopped us before the market rallied. We are still looking to be long and will look to enter on a pull back.

AUDUSD Holding our analysis from last week, were still seeing upside potential until we get into the resistance zone where we will be looking to short on a lower timeframe, hopefully on the trendline and Fib area.