Could see another equal measured swing to the downside from the swing that happened end of 2016 until May. Looking for Price to fall to 123.00 - 123.25 . This is a very long term bias but i see Dollar weakness for the next couple of months .
After the D1 rezistance was broken, prize has returned to this area , which should became support now. ABCD + fibonaci expansion + H4 TF hidden divergence
As long as the trendline continues expect some gains in the near future. I have placed some fib extension levels indicating good exit positions. Thanks and good luck to all!
Large round cup followed by 50% pullback? Yes Descending Volume Profile? Yes Targets = Measured move and/or 1.618 fib and/or R2 pivot more info on C&H here: www.youtube.com
After price broke higher the structure zone, now GBPUSD is heading towards the reversal zone on 1H. Reversal Zone is formed by: 1.414 Fibo Extension from the current structure Low to local high 1.618 FIbo Inversion 0.618 Fibo Retracement Structure to the left (purple one) You can enter aggressively on that structure trading opportunity or your entry rules -...
Can anyone who understands this better than I do please comment on my fib extension? I have no idea what I'm doing or what I'm supposed to see here :-)
A Bullish engulfing candle just closed. With higher lows looking to trend back up. Fib ext is plotted.
good day everyone one of the basic techniques to master trend pullback and extension as per the example showing using the febs enjoy i hope it helps
Gold has broken through the 120-121 level and looks to be heading higher. could see resistance around 124, then the next resistance would be around 128.50
*Idea This is my first time using fibonacci numbers. Just beginning to learn this strategy. I believe that there will be a pullback soon for APPL. My prediction is that it won't be anything significant. We have a gap support and resistance. Any comments and criticism is greatly appreciated. :)
Rejected by .618 line and still shows signs on resuming bearish trend on higher time frames so re-entry at 139.361 level with stop loss just above .618 line @ 139.701 level with tp at roughly 138.425 with potential to carry on dropping to 1.27 extension of 137.523
Going to short gj at .618 retracement after a confirmation of reversal then going to tp at 1.27 level at 138.260 for potential 125 pips
bouncing of .618 line quick 40 pip short with tight stop loss at 0.5 level
I locked my previous profit and re-entered at the 0.764 retracement level at 139.200 looking to ride until 1.27 extention at 138.460 level
Earlier this evening we had a strong bearish rejection from the 50% FIB level from the last leg, I believe this will begin our third leg to the 111.237 area. With JPY news this evening and USD news tomorrow morning, it should be an interesting third leg! Once this third leg is completed, look for a bullish run back up! My suggestion (if you aren't already in this...
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