23,6% we have the main resistance
38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it.
If 0,5 is crossed this have a big probability of being the next resistance.
We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several...
I mark supply and demand areas based on pivot points and the last candlestick before the main movements
Reason for marking supply and demand area:
1-There is Range inside these candles, after which the market has decided to move
2-And another reason to mark these candles is that banks and major market players in that area have orders.
There are three Ret...
XAU Presents a Pending bearish opportunity toward a bearish pullback towards the daily 38.2% Fib level at 1812.00 level retracement.
This secures the strength of the bullish move recently breaking the Monthly resistance of 1840.00 , we are able to continue looking for a long position once this move has completed
Buying zone remains at 1800 - 1812 zone for...
Good morning traders.
That are my actual thoughts on USDCHF.
Overall market situation is a Bearish bias with clean lows and highs formed.
4H:
Market made its Retracement into our "golden Ratio" Fib zone.
Lower - TF Bullish structure shifted to bearish structure after break of the 4H counter-TL
The 8 EMA also give us confluence.
I will look for a...
Today i am going to share my opinion with you guys, here is my analysis for GBP/CAD currency pair. There is nice zone at the top of the chart and the price has respected it again, now we are looking for a retracement at 0.382 Fibonacci level.
*** This post is for educational purposes only, i do not recomend any market action ***
So we hit our target off the double bottom I mentioned in a previous video and it got me thinking what's next. Run through my quick thoughts on what i expect out of price action. Of course, i'll monitor again tomorrow morning and change plans ff needed.
I think the confluence of fib level, I mention in the video are interesting and be curious how price...
From 4h chart clear up swing with large candles. Retracement at 0.789 Fibo level, where there is also a support in the 1.08500-1.08550 area.
BUY LIMIT: 1.08581
S/L: 1.08160
T/P 1: 1.09006 (50% retracement)
T/P 2: 1.09572
Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next...
Wave 4 has met a high probability reversal level at the confluence between a .382 retrace of wave 3 and the price zone of the previous degree fourth wave. Wave 1 time to completion provides a forecast for wave 5 completion time. Price range of wave 1 as an extension from current levels coincides with 1.272 extension of wave 3 and provides a target for fifth wave...
