carlosacosta234

carlosacosta234

Resistance: Fibonacci retracement levels match on 1M, 1W and 1D. Support: Fibonacci retracement levels match on 1W and 1D. Entry point: Fibonacci retracement levels match on 1D, 4H and 1H. Stop Loss Located above 61.8% at 1206.00. First exit: The amount of pips risked (1194.00) and move the SL to the breakeven point (1200.00). Second exit: Support (1182.00)...

carlosacosta234

kinda messy but... We got the Cypher pattern completing at 1.618 (according to the Fib expansion) at an exchange rate of 0.72860. Let's wait for a confirmation (could be at 0.72446) to sell this pair. The first exit would be at 0.71298 (50%) and then moving the SL to the breakeven point. The second exit at 0.70921 (61.8%). I did not include the retracement...

carlosacosta234

EURUSD It's probable that the CD leg complete at 1.00 since the BC-leg was a retracement of ~61.8 of the AB leg. *The short position must be placed ONLY when the exchange rate reaches the 1.00 or 1.27 and we have a confirmation that it will NOT continue rising.