PoisonDaddy

PoisonDaddy

EURCAD BUY FIB 0.618 golden pocket from low to top an area of support which was broken and now price was able to go above it, and now its being retested as support and in exact confluence with fibonacci + RSI STOCH 4H timeframe at the lowest which indicate probability of increase in price.

PoisonDaddy

Great confluence on 1.32 price which I shorted, EMA 200 + WK lv resistance + Fibonacci .618 + outer parallel channel retest = Short already fell 100 pips looking for lower price 1.305 area

PoisonDaddy

Taking in account that it was able to handle the support of 1.15283 for a while now and by taking in account the trendline making an ascending triangle and also taking in account that it already got out of the triangle but with barely any strength, we may see a retracement to 1.15283 again to gather liquidation (also if you pay attention the STOCH V RSI, the...

PoisonDaddy Updated 

Not a single support in the area dont even think about shorting any USD/CAD/GBP/ JPY pair for a while until it reach 0.0074360 and check how it react to that support

PoisonDaddy

Gartley pattern resistance target fib level from C to D

PoisonDaddy

EMA 200 acting as resistance for 3rd time DXY has a nice history of respecting EMA 200 as an area of supp/res defeating a sandwhich only make it tastier

PoisonDaddy

got out of it downtrend channel and RN acting as support we may see a counter trend for a while this can act as a fake out beware of USD pairs but for now USD will be bullish until we see it going inside the downtrend channel

PoisonDaddy

until we reach the main channel after that we gotta pay attention for a possible long and if not, then pay attention to fib level and supp

PoisonDaddy

NO Lower Low = Trend change + EMA 100 and 200 close to upper of the TREND CHANNEL meaning a High possibility of going higher = BUY

PoisonDaddy Updated 

reclaim of channel counter trend long till next resistance which is bottom of the main downtrend channel

PoisonDaddy Updated 

EURAUD gotta close candle on 4H timeframe above the blue rectangle (200 EMA) which is acting as extreme hardcore Resistance RN rejecting price 7 times already, if its able to close above it then LONG yellow rectangle are Fib .618 levels

PoisonDaddy Updated 

Gartley pattern completed Gold fell from 1998 expected a fall from 1985 but stop loss was at 2010 so no issue expecting it to fall to 1931 - 1925 price may consolidate for a while between EMA 100 - 200 4H time frame for a while before falling to target

PoisonDaddy

just keep climbing the stairs until it break down straight to hell

PoisonDaddy

IF price is able to maintain above the MINI Channel and close 4H Time frame We may see a price increase to the top of the medium Channel IF Not Then it will go down inside the MINI Channel again

PoisonDaddy Updated 

EURAUD Trying to form an uptrend Volume Area Low acting as supp at 1.455 Same with Volume Area high acting as resistance + Daily lv since it hasnt close above it + EMA 100 Now bottom of the uptrend channel is acting as Resistance For it to fall it gotta close below VAL and we may see it fall to 1.4513 and if that level cant supp then next would be the top of...

PoisonDaddy

VPOC + Daily Level + Fib .0786 + Close to EMA 200 Weekly TF = Short price may raise to test VAH and higher Daily levels thats the reason of this High SL

PoisonDaddy

Historically GBPCHF likes to retouch EMA 100 and 200 before falling Right Now GBPCHF just touched 100 EMA again after touching it a while back 14 March Point to take in consideration is that It hasn't made a Lower low since December 6 2021 so as tempting this price is RN with Fib level and EMA 100 Weekly this may be a Trap for Shorters

PoisonDaddy

Not much to Say. Just trade the pattern until it breaks.