Fib levels are showing retracements of 0.618 and 0.5. 6 hours before (including the present candlestick that hasn't properly been formed yet.), there is a hanging man candlestick that forms and acts as support on the 0.5 retracement line and the candlestick before that acts as support for the 0.618 retracement line. I would safely assume you should either buy on...
Hey guys, today i want to share a setup which is available at market right now. In this situation price si coming back to retest a daily structure zone (blue rectangle) after a double top formation that's been broken to the downside, as a confirmation signal of the direction it's headed. You can short the market now according to the 2618 technique, with stops...
Hey guys, another analysis today that i want to share with you. Here we are on GBPJPY and you can see that we are up against a previous daily structure level on the left hand side of your screen. In cases like this i start looking for some shorting opportunities in lower timeframes, such as 4hr chart. On the right hand side of the screen you can see price is right...
Hey guys, today i want to share this top down analysis on AUDUSD. As you know, i start my trading analysis on higher timeframe (to get a bigger perspective), and then i enter the market in lower timeframe. On the daily chart we recently exited a OVERBOUGHT condition on RSI, that's indicative of an overextended market, near to a Cypher completion. So the bigger...
Hey guys, i want to share another analysis of mine on the Gold. As usual, it starts on higher timeframe. On the left hand side you can see the daily chart where i began analyzing this, and you can see price is approaching a structure level that acted as support two times in the recent times lining up with 618 retracement of the bigger impulse leg. In addition...
FX:EURUSD
Hey guys, i've been watching closely to gold lately and i've found out that it basically respect structure like any other pair i'm trading. So i've decided to apply some analysis to this instrument in order to give you my particular view about it. The black line represents a daily structure level that i pointed out last week, after the first test price action...
Hey guys, after banking some pips over the night on the AUDCAD trade (see attachment) i want to share with you a 2618 trade that's forming on EURUSD. For those of you who aren't familiar with this formation it basically consists on selling/buying the .618 retracement of the leg that breaks the double top/bottom's neckline. You can see the visual illustration...
level 116.21 is the 0.618 Fib retracement of previous wave it is painting the double bottom now i would probably short there take profit - 108.00
Confirmations: Doji candle RSI oversold Fibonacci Confluence Trendline support Target: Retest of structure Stop: Last low structure + ATR
Hey guys, this is a very basic concept of a structure trade. As you can see above on NZDJPY price just came out from a consolidation period and put new structure highs. At this moment i know my bias would be long; but i can't enter a trade long on the top of the movement, i should wait for price to give me a better entry in order to catch the upward move. My...
Price remove last vallyes and created good move down. I will wait with sell order around FIBO 61.8 retracement to go short.
USD still is very strong, and secound reason to go short is that proce created very good impalances in last move down without retracement. I will wait around FIBO 61.8 to open sell position. R/R 2:1