Well ... it's head and shoulders again.
I think it is heading towards the price 1.250 to complete the pattern and then it will bounce up towards the formation of the fifth impulsive wave, but it may fail by surpassing the price 1.2350, who knows! ??.
We notice the Fibonacci levels how the resistance and support combine at the price 1.250 to 1.24040, which makes...
It has completed five impulsive waves.
While it hits Fibo target at the value of 1.618 in the 0.7805 price area.
Mmm Well, is there a likely drop? .. Yeah!
It touched the previous high, which is a correction of a previous impulsive wave (shown in the picture as a b c ).
We took the FIBO cluster values from the prices: 0.7817 to .7563
And from a high of...
As per the video I made (See linked idea).
Weekly – Trading at the upper end of a bearish channel . Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30 sessions.
4H - Strong move higher today and approaching some exhaution points.
FX:EURGBP , OANDA:EURGBP , FOREXCOM:EURGBP , FOREXCOM:EURGBP
A confluence of Fibonacci levels on the weekly - Selling EURGBP
Weekly – Trading at the upper end of a bearish channel. Confluence of Fibonacci levels with a 78.6% & 61.8% in close proximity.
Daily – Failed at a 78.6% Fibonacci level and close below the 10EMA for the first time in 30...
This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50
As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing.
If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low.
My first Target will be a re-test of the previous...
Soo let me start this off with the standard comments and disclaimers :) I personally am not trading Bitcoin at this time and am not advising anyone to enter any trades off the back of this post.All that aside, in going through some analysis on the chart there is an area of interest developing that if we were able to come down to, could provide some good...
Following on from successful short and a big move down after breaking through the neckline of a H&S pattern up at the recent highs, I'm still favouring a little more movement to the downside on this pair when the recent fundamentals are also taken into account.
After the most recent move down, we have been consolidating in this sideways market for a few days. We...
It looks like we could be tracing out a head and shoulders pattern here on the Daily chart for the Kiwi/Dollar. I don't usually trade the pair on the Daily timeframe, but wanted to put this idea up anyway for anybody looking at more of a longer term trade (i.e. longer than intraday/intraweek timeframes).
Potential targets, if I were in this, initial target 1...
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
i want to bring your attention to this situation on CADJPY. Here we are on the 4hr chart but i usually start my top down analysis from the daily. On the daily i've outlined with the black line the structure level where price is sitting right now. This is the first thing i look for to create a case for entry.
Also, in the dialy timeframe price has recently...
some simple price action analysis here. On the daily timeframe price is going to retest previous support that once broken should become resistance. On the lower timeframe (4h) we can see some different clues pointing in the same direction: first, a butterfly pattern that's completing very close to the structure (black line), second, a .618 and a .382...
On a 4 hour basis, a 4 hour sustained close below 1.05959/1.05810 cluster area (purple arrow) should open up route to 1.04515 key support level (green arrow). However we are attentive to bullish divergence seen between 4 hour MACD and price (black lines). On the upside, a 1 hour sustained price close above key...
CADCHF during the night was hammering on a Fibonacci Resistance and bouncing between Fibonacci Clusters and the Indicators were showing Divergence.
Decided to go for a Swing trade and Compound ~0.7662
SL just above the resistance
Fibonacci levels did their job properly this time
Let's see if the pair continues its rally short
GBPCAD closed the day in a very curious configuration that deserves being observed for potential action.
The price touches the trendline and on the Weekly (below) and on the Daily.
However, the closer zoom on the H4 timeframe in the main chart shows that the price actually broke out the downwards trendline.
another analysis i really enjoyed today. This is one of my favorite style, for youhave to support your view by adding more and more clues (of value) to your side.
Here on AUDNZD we are at a bigger Gartley completion, and we can see a nice AB=CD pattern and a Fibonacci cluster all right there. In addition to that, we also are in an OVERBOUGHT condition...