fibon

wjsharples1 wjsharples1 PRO USDJPY, 720, Short ,
USDJPY: USDJPY Short
420 2 11
USDJPY, 720 Short
USDJPY Short

Possible retracement about to occur. There has been a strong uptrend with no real pullback, 2 candles of indecision at major resistance area could mean a possible reversal. Sell order placed below previous candle with stop loss above the previous swing high, take profit at the 0.5% Fibonacci level.

Nico.Muselle Nico.Muselle MOD USDCAD, 60,
USDCAD: USDCAD - Fib confluence at minor structure level
190 5 4
USDCAD, 60
USDCAD - Fib confluence at minor structure level

I'm a brand new trader learning technical analysis and I would love to get some feedback from more experienced traders. In this chart I saw the head&shoulders pattern. After this completed, we reached a 0.382 retracement back up and now the market is (in my humble opinion) going down to a minor structure level at the 1.272 and 1.618 extension confluence around ...

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