EU/USD is showing signs of a possible short setup. After an upward push to start the week during london session, price is looking to test a fresh supply level, where it dropped hard and fast for 80+ ticks. Given that this is the first test of that level, I expect a bearish rejection. Additionally there is a fibonacci cluster zone in the supply zone as well as a...
A few confirmations line up for a potential bearish move in GBPUSD:
- Harmonic shark bearish pattern
- Fresh supply level test/rejection
- fib cluster with 200% extension and 314% projection
This in addition to the US dollar index finding support at a fresh demand level is my reasoning for a bearish bias. Looking here for a 4:1 reward:risk trade, with risk just...
Bat Pattern with near perfect Fibonacci levels, Fibonacci retracement/extension/inversion cluster & Trendline confluence on the WEEKLY chart. Chance for a major swing trade in the future - keep your eyes out.
while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news .
Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence...
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders.
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since...
Several factors pointing to potential bearish directional turn for EURUSD:
- Fibonacci cluster zone with 127.2 ext., 61.8 retr., 161.8 proj.
- High volume node retest as resistance
- retest of Weekly Supply zone dating back to 2014
- short term supply zone from 2/06/18
Looking for a higher risk reward on this trade with risk above 1.2440 and targeting 1.2080
Taking a look at GBPAUD we see a few indications of a reversal and continuation to the downside:
- Elliott wave completion of 5th wave on daily time frame
- additional shorter time frame elliott wave completion on 4hr.
- Fibonacci cluster zones lining up at fresh demand levels
- Rejection of fresh Supply level at 1.80
- Bearish engulfing pattern to close the...
a few indications of a bearish move
- elliott wave 5 completion
- bearish cup structure
- price channel resistance test
- whole number resistance at 1.80
- fibonacci cluster at resistance zone
- fresh supply level test
Looking for 3:1 reward:risk on the setup with risk above the 1.80 price level
Confluence occurs when several technical indicators give the same trade signal.
Price is at 50 sma and in between a black 38.3% to 61.8% fib.
Long take profit range in between 2 fibs at -27.2%
Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
Here we see several confirmations lining up:
- fib cluster zone
- december trend line resistance
- harmonic type pattern
- supply zone
As well as price ranging at a long term supply level on the weekly/daily charts, only looking for shorts for the longer term here.
Here we see several factors lining up as confirmation in a zone between 1.1713 and 1.1760
fibonacci cluster zone
8 month trend line support test
head and shoulders bullish pattern
With these confirmations lining up there's a solid risk return setup to go long
Good risk/reward setup to short in direction of larger trend on this pair. Several confirmations lining up in a confluence zone:
- Supply zone
- 3 month trend line resistance retest
- harmonic type pattern forming
-Fibonacci cluster zone
Looking for shorts on any push back into that zone between 86.45 and 86.85, if price breaks the moving averages...
Daily chart is very interesting at the moment , it give us a clue where are the areas to enter the market for big returns .
Combining this info with lower time frame like the 4h and 1h / intraday day technique can provide a really good opportunity for us as traders , so be aware of these levels and take advantage of them .
What do you think ?
Best of luck :-)
Looking for a nice and clear break of highlighted areas for opportunities. Rectangle can be traded as well. Shorts @ Resist and Longs @ Support can also provide excellent trading opportunities with awesome R2R. Looking at the Daily chart and up the longs are looking good for swings. Fib Cluster? Green Daily Fib & Gold H4 Fib
Feedback? Let me know!
There is a potential opportunity here on GBP/USD, when the cypher will be complete.
On the Daily timeframe (sx) we can see the price go through some important support levels, and one of them, now turn to resistence, will be in the area of the cypher's D point. We also broke the last one on our left, and that is a possibile confirmation that the...