Fr33zerPop

Fr33zerPop

Chewy took a tumble on it's negative earnings, providing a possible entry point on support and fib confluence.

Fr33zerPop

I'd say gold is on the move up, because we've crossed a couple good uptrend triggers, but I don't like that we've fallen below my sell trigger. For now, I think we're sideways unless we see a good higher low.

Fr33zerPop

EURUSD looks like it's in retracement in my fib fan study. I'll wait and see, but the bias is to the downside.

Fr33zerPop

I like this as a buy, but wouldn't be surprised at all if it came back to retest 66.5. Might be worth the wait.

Fr33zerPop

I'll wait until I see it break out of this triangle. Horizontal lines are potential bounces. The lowest horizontal line is a potential spike down to be aware of even if it's just flushing people out and then headed back into the buy zone.

Fr33zerPop

I'm looking for a long entry here on EURUSD, after it closes above my key fib fan line. Short position won't happen anytime soon for me.

Fr33zerPop

This is my methodology on aligning the fib fan lines. This isn't set in stone, and my "rules" are evolving somewhat over time. Please comment with your own analysis or critique.

Fr33zerPop

Orange lines are medians and tend to identify the trend. In longer time-frames, the price will criss-cross many times, helping to identify when the trend is over/under sold. Because of this, purple-line breakouts that happen on the close side of the orange line are evaluated as being stronger.

Fr33zerPop

Aligning the fan at the previous high allows for a false breakout (1B). Aligining the fan to the previous high that ALSO avoids cutting the move downward (2) avoids the false breakout. (2B)

Fr33zerPop

When aligning the fib fan, often a further back extreme close provides safety against a false breakout.

Fr33zerPop Updated 

Walmart WMT is pushing up against my fibo lines for a breakout. It needs to stay above those fibo support lines to stay valid.

Fr33zerPop

There's a nice convergence of lines here giving the GBPUSD a good spot to break below and head downward today.

Fr33zerPop

I think WMT is ready for another drop here up against this fib line. It could pop up, but if it does, I'd expect nothing more than some consolidation and sideways movement for a while. Not putting my hope in it.

Fr33zerPop

Hopefully I was just in too early on this long. If this also fails, I'll consider shorting if price retraces back up to the channel line to set up a down move to the pink channel lines.

Fr33zerPop

EURGBP has formed a strong channel within a channel. I may try to capture some of it's move back to it's center line (heart line). But wisdom would also suggest that I leave it alone. It's in the middle of a longer term Daily channel, and the smartest move may be to wait for one of the daily extremes to get hit for a stronger entry.

Fr33zerPop

I'm looking for shorts here, as we hopefully travel downward. My lines all coincide on Christmas (Dec. 25th). As we get close, if price is headed that way it may spike down early. Hoping for it to bottom out there at the purple channel line for good probability longs after the 25th. As always, I appreciate your critiques, especially if you disagree. Cheers, FreezerPop

Fr33zerPop

I'm carefully taking a long here on NZDUSD. Because we're flattening out on top, and recent highs have failed to reach new heights (or the top of the channel), I'm wary that I'm sneaking pips with this long. I'd love your critique, especially if you disagree. Always learning, -FreezerPop

Fr33zerPop

I'm waiting for price to touch down at a previous low, or below it at recent support. If it does, I'm looking for buys, but because a buy is counter to the current trend, I'm only getting in after a confirmation of higher highs and lower lows on smaller timeframes.