Intermediate Term expectations continue on course. Retracement into Bearish Weekly Swing leg Internal Liquidity underway (Swept first Internal Lower High Pivot on Tue 23Jan).
Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups. So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA. Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to...
Multiple time touching at 1680 and bouncing back to 1800 and above range. In this correction it may take below 1680 look like which will take us to 1500 and below. As DXY is very Bullish. Trend Analysis Fibonacci Multiple Time Frame Analysis XAUUSD Gold goldanalysis fibonaccianalysis Fibonacci Confluence
The movement of prices to historically low levels has created an imbalance in the forces of supply and demand as well as in the sentiment of investors. The corrections created in the current downtrend channel give the opportunity to apply a Fibonacci system consisting of a Fibonacci Retracement and a Fibonacci Expansion. This system has provided a confluence...
Long idea from a 3 confluence setup: 1 - Trendline 3rd touch 2 - Break and retest of structure 3 - Fib level confluence Entry on the wick after a bullish engulfing was formed on the lower time frames.
Just updating from earlier. Still a jumbled mess of lines and Fibs, but enough to get a good entry. (for me. This is not advising anyone on financial decisions.)
Confluence factors · Retested major support · Broke 2 resistance levels · Broke trendline · Resistance turned support and is on fibonacci 38%
We have a sell on the 4h and showing a divergence on a 1h, we also are in confluence with the Daily chart as well which gives us a better reason to sell off the 61.8 and get back in the daily trend. We have a trend line break on the one hour as well as a possible head and shoulder forming on the 1h so to sum up reasons 1. Daily confluence BEAR MARKET 2. 4h 61.8...
A few confluences that are giving me a long bias. We have the weekly ascending trend line being respected, higher highs and higher lows, and price stalling around the 61.8% Fibonacci. Also have 2 confluences for the target of 1.40000 being the monthly high and falls in the line with the -27% Fibonacci. Please feel free to share your thoughts. Thanks.
USDCAD Observation today i am recording a descending wedge. I am expecting this pair to exhaust selling power at the 1.29885 region. FIB Confluence approved the zones. Awaiting for the pair to sell out and exhaust, to potentially buy it up. I set an alert for when the pair breaks previous structure to the down side. Then ill set my by stop as price action goes...
A few things iv'e been watching. Over all I feel we could see a Bullish Bat Complete soon. We have had a 618 retracement from the recent impulse leg down. The Fib inversion and extension add some confluence around the D completion area. We are in a previous area of structure resistance which we have seen a drop from in the past as well.
see chart for entry tp and sl.
EURGBP may form a double bottom at a high probability confluence area. A recent support level, 0.382 and MA200 line up with RSI divergence. looking for a higher low and h4 reversal confirmation before entering.
Several fib levels and a long term key zone align in the 0.7230-ish area. Looking to short after a H4 confirmation candle. Thight stop-loss, high reward.
3 confluences at 1.0595 - a Shark pattern completion, an AB=CD move, and a 1.618 fib extension!
After taking in over 200 pips on our last USDJPY trade lets hope for some similar outcomes this week. I am looking to short in this resistance zone where price looks like it could be forming a double top with some MACD divergence.
My viewpoint is long near long-term low structures We have some fib confluence at an inner trend line The purple horizontal line also represents the 886 fib level and a bat pattern completion Looks like time to buy, entered in at the 1.618 level. Will enter other half of position at bat completion