FX:EURUSD
ICEUSA:KC1! Confluence between the 618 retracement and the 161% extension, let's see if the big bears start to bid lower once the price gets there. (IF) There's also the previous structure at 224%, above the 78.6% retracement, let's call it a "cluster zone between fibs", and it will "validate" the "extended" Shark at 224% (check price action and structure at...
Hey guys, after being correct in predicting the upward move on this pair (see attachment) we took our profit near 83.00. Now i changed my mind, just watching price action. I'll explain you why. Basically we are testing a strong resistance zone, both in the daily and in the weekly, therefore we could expect some strong resistance here. In addition to that, we also...
Nice Flag formation happening on the 4 hr chart, fib inversion puts our 1.618 at a Daily level looking at extended targets the 1.27 of the fib extension lines up with the 618 area of the recent leg down on the higher timeframes
I will be looking for a sell setup inside red box (0.5retr BC wave + 1.272-1.618ext + AB=CD completion). Bearish divergence on 1D chart. Full moon coming very soon. I expect short-midterm trend reversal. TP1: 1196 TP2: 1177 TP3: 1160 Trade responsibly.
Looking at the Weekly chart we are very bearish, On the Daily we have currently come into a area of strong support at this weekly key level , if we see a break below and retest and reject then we could see a new low
The market opened up with a gap on EURGBP on the 61.8 fib level and we see a fall in the price. Now it is making a 127 fib extension. Looking to long the pair for a retest of the high. I will be avoiding EUR pairs this week due to the rate decision on Wednesday.
Setup made on Jan 5 when market was at 85.59. Following through beautifully.
End of corrective phase(ABC flat) on EU and new lower high established.We have fibonnaci confluence with the 3rd rejection of the H4 descending trendline. Looking for another impulse move down to the 1.02500 area to form new Lower Low.
Hey traders, here on EURJPY we have a good trend opportunity. JPY piars are all trending very heavy lately and continue to make higher highs. Being that, i want to hop on trend everytime price gives me a chance. In this chart we have two AB=CD patterns, three good fibonacci levels all lining up at previous support. Sounds like a good opportunity to go long to me....
get in around 1, sell in the green
Posting this idea to explain what I'm doing with all my fib calculations. And trying to convince TradingView to program the calculations as a selectable option in the Trend-Based Fib Extension tool. The Fib Retracement calculation is quite similar. Its' the exponent of the difference in LN(price points) multiplied by the desired retrace % as I recall.
Gold has put a new structure low on a daily chart. Price might keep moving downward until it reaches next level of structure at 1178 (1414 Fib extension). Pontetial ABCD pattern identified. Stops placed just above previous outside return. Nice risk to reward ratio. If you are more conservative, you should wait for a retest of structure level at most recent outside...
Tkai massive upside potential. In other words, buy between .99 and current price 1.06 and aim to get out in the 1.2's. Current price is the high point of first wave up (the XA)..price descended appropriately (1--> .618) for support, and moved higher between the 1.21 and 1.41 exetension of XA. The following downtrend in price should suggest a move upwards to at LEAST 1.2s.
Buying @ .27-.28 before correction, all things constant
common gap or breakout gap? keep in mind 1/15 split