Pound dollar idea, strong resistance zone + 61.8 % of fibo three daily wick rejection
A study of possible supports and resistances based on fibo channel
after touching the FIBO level 618 it should countinew the down trend :)
Hello guys, yesterday the USD JPY reached the 1.618 fibo ! i was waiting for that ! now the ABCD pattern is completed ! This night the PRZ was tested and we can see a beautifull rejection on the H1 chart and H4 chart ! So the trend is actually changing and you can short it ! Maybe the price is going to retest near the PRZ ! we will see ! + Nice regular...
Hello guys Patience is the key of succes ! 1.618 reached ! Now we have to wait i see what will happen after this veru bullished day ! the USD became a refuge value ! while the EUR USD is crashing hardly ! have a nice day !!
Hello guys, im actually expecting a bullish move today for the USD JPY wich is very strong this Week ! we have a beautiful pull&back on the H1 chart ! Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558) For me no signal for a changing trend ! D1 chart...
Hello, im still in the game with my open long position. tonight the price was Under the 61.8 fibo and this Morning the price rebound on it perfetcly ! we can see that on the H1 chart and also a nice rejection on H4 chart ! i hope it will reach 107.830 minimum ! have a nice day and trade
After all => the trend is still bullish ! We can see that price is above the 61.8 fibo nice re-test of the 61.8 fibo ! still long !
I am waiting for the completion of the Figure by an extended plane and from the 1611 mark I will open the long.
If we divide a number at the current position to the number next in the series, say 13, the result would be approximately 0.618. In percentage, it is termed as 61.8%. So 0.618 is termed as “the Golden Ratio” or the “Golden mean”. NOW price is at this level and we can expect bearish Trend.
Price is made an Double Top at the key level which is aligning with 50% Fibo retracement level and also break out of the trendline !
just a simple idea for a point of entry (buy) and when to exit ( sell) on Hourly frame I just starting trading i'm not a pro, if i'm wrong or you have an advice to give i will be so honored ^^ happy trading
**NO TRADE ACTIVE - Educational Post for Discussion*" Currently we see a bounce back forming with some more upwards potential. I Think it can reach the 0.382% lvl or max 0.618%
Down to 0,618 fib. and grow up from wave 4 (58 USD). Wave no. 5 as YYE ( yupi yay eye ) 77 USD.
according to two fib retracements and Past resistance trend I suggest selling the limit order in 1557