E Price is testing its 1st resistance (61.8% Fibonacci extension, horizontal swing high resistance, 38.2% & 76.4% Fibonacci retracement) where it is expected to reverse down to its support (horizontal swing low support,61.8% Fibonacci retracement,23.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is...
XAGUSD is approaching its resistance at 14.97(100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.62 (38.2% Fibonacci retracement,61.8% Fibonacci extension, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected
XAUUSD is approaching our first support at 1266.86 (horizontal swing low support, 61.8% Fibonacci extension , 50% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 1302.26(horizontal swing low support, , 61.8% Fibonacci retracement, 100% Fibonacci extension ). Stochastic is also approaching...
Bearish trendline has been broken and retested creating a possible head and shoulder formation. set up: - entry level 0.618 fib 144.044 - S L below QP 142.5 - T K 1.618 fib 152.317 Feel free to comment or add your views. If you agree to the idea give me a thumb up.
Wait for price to break above its marked zone, retest & enter long on price action confirmation - trendline not confirmed until we see a strong bullish move to the upside. - We could see some consolidation at the current region, perhaps another test of its fib before we push above.
USDJPY is testing our first resistance at 110.492 (horizontal overlap resistance, 61.8% Fibonacci retracement) where it could potentially breakout of this level and rise to our resistance at 111.50 (horizontal swing high resistance, 100% Fibonacci extension, Elliot wave structure, 76.4% Fibonacci retracement). RSI (89) is also seeing a bullish exit where we might...
CADJPY is approaching its support at 83.468 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where a bounce could potentially happen, pushing price all the way up to its resistance at 84.277 (100% Fibonacci extension, horizontal swing high resistance). If it surpasses this level, it could rise to its next resistance at 84.764...
We're seeing NZDUSD test major resistance at 0.7274 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance, bearish divergence) and a strong reaction could occur at this price to push price all the way down to major support at 0.7206 (Fibonacci retracement, horizontal swing low support). We do have to be wary of intermediate support found at...
AUDUSD broke out of its long term descending resistance line and horizontal overlap support level at 0.7834 (23.6% Fibonacci retracement , horizontal overlap support). A strong reaction could occur at this level pushing its price up to our next resistance level at 0.7891 (horizontal overlap resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ). A...