Fiiyat

Fiiyat

This trade is based on several indicators: 1.Supply and Demand 2. Fibonacci ratios 3. Stochastic 4. Price Action 5. Fundamentals 6. Gut feeling Enter short positions on any strong rallies is my advise. Lets go! Rodrigo

Fiiyat

This is just an update from my previous analysis of this pair. Below is a link to my Bullish flag analysis and potential breakout. I am still long bias and I see a good risk-reward opportunity. I will now zoom into lower time frames to enter. I have mapped out a weak GREEN demand zone that I am using as reference. If price continues lower then expect it to test...

Fiiyat

My target price of 1.5260 has been successfully hit. That was a 400 pip move! I hope those that follow me benefited from my analysis. I am no longer in any trades on this pair as I have hit profit and I am strictly short bias on this pair so I will wait for price to enter the RED SUPPLY zone that I have highlighted to enter any short positions. I am keeping a...

Fiiyat

UPDATE 23rd DEC In London right now and just had my porridge and what do you know I spot a bullish flag. These are very common when using ABCD Fibonacci extensions. This technical analysis concurs with my previous eurjpy analysis tagged below and shows a higher target than I previously anticipated. This geometrical formation has given me more confidence in...

Fiiyat

I have mapped out trend lines that indicate this pair is in the middle of an up trend and has pulled back slightly. I have identified a significant level where price bounced off the bottom trend line referenced A 134.00. I used this as the starting reference of a geometrical analysis that is showing a strong ABCD Fibonacci sequence. Point B of the sequence was...

Fiiyat

Using just PA. and Fibonacci extension I can display where price is heading. Once price breaks above 18000 expect targets below to be hit! 18120 TP1 18400 TP2 Price is trading above 200SMA so we are still very bullish. Any major pullbacks to key support areas should be great opportunities to go long! Keep an eye out for Crude Oil as this will be the major...

Fiiyat

UPDATE: 22nd December Price has returned to the channel after the fake breakout and has tested its strength creating a 240min red SUPPLY Zone which has been tested twice. I have added another ABCD fib extension using 28th October pivot high as A (1.6180), 14th Nov pivot low as B (1.5594) and C (1.5821) was a 38.2% retracement of B. My D extension target will...

Fiiyat

Based on the fundamental facts that the RBNZ need a cheaper Kiwi to improve their economy. That and concern over the dairy trade will bring the Kiwi lower. In regards to the technicals, according to the ABCD Fibonacci extension there is further downside to be seen. This geometrical pattern was structured using the weekly pivot high as A (0.8840), weekly pivot low...

Fiiyat

The AUD/USD has reached a significant Fibonacci level based on an ABCD extension geometrical pattern. The Fib extension was taken from the Aussie all time high at 1.1000. Now that the D extension has been reached there are two possible outcomes (as always). If we see a bullish engulfing weekly candle bounce from the current level then a rebound will be on the...

Fiiyat

I am pretty much convinced after yesterdays 17th Dec 2014 Bearish day candle engulfing (Marubuzo candle) the range that GBP/USD has been consolidating in since 14th November and that cable has continued its downtrend. Based on ABCD Fib extension there is more downside to be seen. Price should continue testing the outer trend line creating Lower Highs. Price has...

Fiiyat

I am expecting the Euro to rally up to the Supply zone from 14 OCT which is also a wave 4 and 38.2% FIB level. This confluence area is where the BEARS will fight to keep the EURO down. The BEAR PIT (supply zone) between 1.2879 and 1.2696 is where we will see the bears fight back.

Fiiyat

Price has found support on previous resistance level as expected. This is also the 38.2% Retracement level from the low of Oct 15th and the high of Dec 5th. I am expecting price to enter the DAILY demand zone and 50% Fib level and rally up to top of trend line to test its strength. Oil seems to be dragging indices down and my expectation is that the Black Gold...

Fiiyat

As you can see price hit the supply Zone from FEB 2009 and has since created a channel marked by the thin black lines. In trying to break this Supply zone 3 times price has now created a Head and Shoulders pattern. This has been created for a few reasons and one main factor is that investors are now taking profit before year end. I have removed Fibonacci Ext...