Fibonacci inversion trading setup with 2:1 reward/risk.
If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg.
With regards,
Michail Sideris
As you can see in the chart there are potential trading setups in this pair.
If you are not familiar with the fibonacci inversion trading setup I will update later this Idea with an educational post.
As far market is trading below a significant level. Although technical analysis maybe justify a short position from that level. This is not part of my trading plan.
I ...
If we see price push down to the 618 area of the recent impulse leg up, this falls in the area of my Monthly key level which if rejected could see a move up to the weekly key level. We have the 1.414 of the fib inversion and the 1.27 of the fib extension lining up
Here are my Thoughts for the coming weeks.
Lots of good Fibonacci confluence, to many levels lining up to be ignored imo.
So to start we have some basic patterns forming
Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support.
The flag could do a, a,b,c,d ...
Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all ...
We have a potential Fibonacci inversion setup on UsdCad which will complete @ 1.29518. This setup is a fib ext. ran from the B point up to the A point. You are then looking to sell the 1.618 level. Target 1 is the .618 Fibonacci retracement with target 2 being a 1.272 fib extension of the entire move. This is a great setup for trending markets that put in a ...
Hi there,
Recently found this great trading opportunity in USD/CAD 1H, where Market is retracing after a good uptrend.
The idea is, that we're looking for a market over extension at a 1.618 Fib. Inversion, in expectation that we're gonna see a move back into trend after price reach that level. Which happen to be at the same area with an ABCD pattern completion ...
On the yen we have a CTS type trade setting up wic can suit both aggressive as well as conservative traders.
CTS Score
Structure confirmed by the daily time frame in green. (2 points)
AB=CD harmonic move
Fib Ext 1.618, lining up with the AB=CD also linked with structure (3 points)
Fib inversion 1.618 lining up with structure (2 Points)
Entry
Aggressive- limit ...
This is something new that I am trying. Each day I will try to find an excellent risk reward opportunity trade and put it out for everyone. This is definitely one of those potential trades. NZD/JPY has a fib inversion trade setting up with a phenomenal risk reward. You got 3:1 on target #1 and 4:1 on target #2. Entries at 76.69's with stops above the structure on ...
got a nice potential Fibonacci inversion setup with an ABC correction. Great risk reward on both target 1 and target 2. This setup has been working great over these last few days and it looks like its presenting another nice setup.
USDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies.
Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box).
This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or ...
GBPUSD has been in a heavy downtrend. I'm looking to sell ALL rallies until this trend is broken.
As price pushes up into my sell zone I will be looking for Advanced Patterns, Harmonics, etc to help find a good entry.
Stops - 1 ATR Above last Swing High
Target #1 - Retest of Lows
Target #2 - 1.27 Fib Ext of last leg down
AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone.
Target #1 - Retest of Lows
Target #2 - 1.27 Fib Ext of last leg
Stops - 1 ATR above Previous Swing High
With the gbp/usd breaking a major structure (support) level earlier today. it is now rallying back up to the 1.42266 structure level that has Fibonacci 1.618 inversion confluence. if this trade fits into your plan, it is an excellent opportunity with a ton of potential reward for not much risk.
