4 HR CHART Ascending Triangle. Fibonnacci Bearish Retrace 0.786 level. Target 48.99
After a 61% retracement, GU retests high for reversal pattern downing to past the 61% retracement level w/ a retest of prior support turning to resistance around the same area. Possible reversal at the 78% or at the 100% confluence level. Off either retracement level: TP 1 = 61.8% / TP 2= 38%/ TP 3= 23.6%. Going past TP1, move SL in profit off a new found support...
The GBPNZD 50% retracement from the last major move appears to be holding. Indicators are suggesting oversold values and weakening bullish pressure. The red rectangle is the projection based on the 50% retracement. A pending sell order has been place a few pips below today's low at 1.748. SL is safely above the highs of this retracement. GBPNZD likes to make...
Gold may repeat same pattern Keep an eye
Buying the Retracemeent - old Scholl Fibo Strategy!