dunnsk22

dunnsk22

EURAUD rejected the golden fib pocket recently before ploughing through the ascending channel, with a nice retest of the trend line and .618 fib retracement level. Price is approaching 1.6210 which has held over the past few weeks as an intra-day support. If we break this level with a retest this will be a great opportunity to go short.

dunnsk22

CHFJPY has broken out of its 4H downtrend, where it was making a sequence of lower lows and lower highs. We have impulsively broken through that trend, creating a new high, invalidating the bearish sequence. Price is now retracing into the key fib retracement zones (golden pocket). I will be looking for a rejection from 0.71 fib retracement as this lines up...

dunnsk22

EURUSD has broken out of its downtrend with an impulsive move to the upside. We have breached the previous swing high, invalidating the bearish sequence. Price is now retracing and im anticipating for it to hit the 0.618 Fibonacci retracement level or even deeper into our golden pocket region. The level of around 1.1065 is my preferred region as we also have the...

dunnsk22

USDCHF is looking great for a sell. We have broken out of the ascednding channel after rejecting a key resistance level. We have now retraced right into the golden fibonnaci pocket. Once we break the corrective pattern i will be looking to go short!