gold is currently presenting a decent shorting opportunity. it is showing multiple rejections of the 38.2 fib and is currently being capped by the 50 ma on the 2 hour. A strong close back below the 38.2 and we could see a continuation lower to the 1.27 fib extension which also lines up with weekly support. targets at 1194.63 area
Possible drop to Fib confluence zone near 210.10 or next zone of 208.5
Despite the bullish movement on last two days, the $EURGBP can still be seen as a good Sell opportunity for next days. The Fibonacci extensions matches with some important horizontal levels and if it brakes the previous low (0.8330) it can go all the way down to 0.8100
Here we have a nice example of a Gartley pattern. D leg completion comes in at 1.11450. (78.6% of XA leg) Entry: 1.11450 Stop: 1.12020 Target 1: 1.10940 Target 2: 1.10580 Thanks for checking out my idea. If you found it useful leave me a like, it's always appreciated. Luke
We are looking to short the market @ 1.11600. for three reasons: 1) Cluster of long and short term fibonacci retracement and expansion 2) The completion of the AB=CD harmonic move 3) all of thi in confluence with a major structure resistance Remember guys: eyes on your mind, not on the trade. CORTES TEAM
On the USD.CAD 4h chart we have a potential long opportunity's at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.2617 & 1.2467 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence - 78.60% - 1.414% & 1.618% Potential targets for the...
HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
- FIB confl. - RSI div. - Gartley - ABCD - Structure - Trend cont.
On the GBP.JPY 1h chart we have a potential short opportunity at the D leg completion of a bearish Cypher Pattern The price reversal zone on this pair is between 156.162 & 156.658 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 78.60% & 1.272% Potential targets for the Cypher...
I have noticed some harmonic movement and fib confluence which might be a good idea to go long on the pair. You can also check the RSI status when the price approaches the green box to get more confirmation before you decide to enter the trade. *I take no responsibility whatsoever on profit/losses as a result of following/ executing my trading ideas. Trade at your own
On the NZD.USD 15 min chart we have a potential short opportunity at the D leg completion of a bearish Cypher Pattern The price reversal zone on this pair is between 0.6841 & 0.6861 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Fibonacci Confluence: 78.60% - 127.20% & 161.80% Potential targets for...
structure abcd fib retrecemnt 61.8 fib extension 1.414 fib inversion 1.618 ********* wait for ********* RSI oversold double bottom
An almost perfect pattern is very, very close to completion and it's a beauty, textbook cypher pattern. Why ? AB leg retraces to 0.382 of XA-leg BC falls perfectly in between 1.272 and 1.414 CD completion at 0.786 has perfect Fibonacci confluence (see chart) On top of that we have a previous support level that has already proven resistance in the past just...
Hello Traders, Here we have a valid bearish cypher pattern on FX:GBPAUD , that is coming close to its completion point. After adding few Fibonacci extensions and inversions, I was able to obtain 3 Fibonacci confluence zones and all of them are located between our short entry (1st zone from the bottom) and the X point of the cypher pattern. Also note we have a...
1) Bullish Gartley @ 0.76193 2) Bullish Bat @ 0.76035 3) Bullish Cypher @ 0.75710 4) Trend Continuation 5) Fibo Confluence Trend : Bullish (one of the reasons to go long)
Hi All, here we have a Bearish Cypher - how ever I do not think we will see this get here, I think we will break past the C Leg which will invalidate this pattern. We may test the C Leg and bounce back before continuing to the downside. I have 3 or 4 key levels that I will be watching price action along with RSI and some other filters. We have 141 and 127 FIB...
HELLO, IF WE SEE A D LEG COMPLETION OF AT A 0.88% THEN THE BAT PATTERN WILL BE COMPLETED STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618%