@TradeYodha
TradeYodha.com
#EURUSD Short (200sma, ABCD Pattern, Fibonacci Extension)
Analysis
1. Previously Weekly Structure Zone
2. Fibonacci 61.8 confluence with 200sma
3. Fibonacci extension 127.2 perfect confluence with 61.8 fib level
4. ABCD harmonic pattern in the zone
Trade Management:
1. Two Targets
2. First target completes at 1:1 R/R ratio
3....
Bullish on the gbpusd for the following reasons:
1: Price broke the year highs set back in February on 11/05/15 so expecting bullish momentum to continue.
2: Trend line held after the FOMC.
3: Price has been making higher highs and higher lows so expecting that trend to continue.
4: Looking for a completion of the ABCD pattern at the -618% Fibonacci extension...
If you are seeking the answer why has the SPX500 stopped at this strange area and stucked, I got the answer :)
The golden number is a key this time as almost always in technical analysis. This two lines corresponds with 1.618 of two different market moves:
2120 is the level of 1.618 extension of the previous bull run ended in late 2007
2072 is the level of 1.618...
As mentioned yesterday, the pair closed above the BC leg, and i am now looking for a harmonic move up into the 1.618 fib.ext.
That area is also a previous battleground between the bulls and the bears.
Stops on this is above the 1.618 and im looking for a target at previous resistance at the 1.27fib.ext (C)
Since this pair closed above the 1.27ext of the X-A leg, i think there is a good chance that we see a rally up into the 1.618 of the X-A leg.
The 1.618 also lines up with previous resistance.
#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced...
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)
1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level)
2. on 4H:
a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8
b. The next level of 78.6 has high fibonacci...
This is a study of using the Fib Speed Resistance Fan to time a new breakout of gold price action. Fans of fib fans, I'd love to hear your thoughts.
(Retrospective study. I did not trade this)
Perfect Head and Shoulders pattern for short.I placed the SL@50% of right shoulder height
====================================
TP1 at 2.618 Fib ext. and TP2 at 4.23 Fib ext.
Price almost reach TP1 for 250 pips profit : )
@TradeYodha (TradeYodha.com)
#AUDUSD Bat Pattern (Bat, Fib, Structure)
Lower confidence level as the area around B point itself can be a huge resistance area.
1. Bat Pattern
2. Previous structure retest
3. Round number 0.78000 in the lower zone
4. 200SMA is close to the zone
5. Daily Time Frame has 50SMA in the zone
6. Fibonacci cluster in the zone
Wait for...
@TradeYodha (TradeYodha.com)
#AUDCAD 3 Zones To Watch (Short and Long)
1. Triangle
2. Fibonacci extension
3. Fibonacci Clusters in zones
4. 200 SMA in zone 1
This is a bit confusing one. Must wait for the price action direction and take entry based on confirmation
@TradeYodha (TradeYodha.com)
#GBPCHF 15min Short Idea
Reasons:
1. Previous structure with spikes
2. 50SMA lagging behind on 15 min that should attract the price
3. 10sma lagging behind og higher time frame i.e. 1 hour that should attract the price
4. FIB 1.27 extension in zone
5. possible harmonic move
6. retracement expected
Must wait for confirmation before...
@TradeYodha (TradeYodha.com)
Has #DXY started showing little weakness?
Fib confluence
50 SMA lagging behind
Love to have your comments to agree/disagree.
