#EURUSD #EURO Weekly Analysis: Bullish Zone Ahead with 61.8 FibPlease watch DXY analysis first because DXY and EURUSD are usually inversely correlated. EURUSD Is expected to fall for a day or two to test and retest few important levels. However it has been a game of 61.8 fib levels so far. So a bullish zone lies just ahead.
Fibonacci Retracement
Why #AUDUSD, #EURUSD, #GBPUSD & #NZDUSD Fell TodayTraders, DXY (Dollar index) completed a pattern few days ago and the first target of that reached today at 38.2 Fib where a lot of profit taking suddenly raised DXU up causing other USD pairs to fall. This was expected and was also evident from respective harmonic patterns on these pairs.
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#EURUSD Update - Another Pattern To Us Take To Profit ZoneTraders, I am long on eurusd from the zone that I mentioned in my weekly analysis. Please check that out if you have not. (see attached idea). Now that market has reached 38.2 first target and it has broken that structure, I have moved my stops to lock in profits and derisk a bit. I am expecting 61.8 profit target level now.
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#GBPUSD Update: Another Pattern? Whats Is Happening?GBPUSD Is still on the right path towards the 38.2 fib level target and it may just be in the process of making another pattern to confirm that target level. See my weekly analysis video before this to get a full idea of what is happening. (see attached idea) Ba careful of Brexit coming in 2 weeks. Better to stay out and watch than trade wrong with high risk.
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#GBPUSD Top Down Fibonacci Confluence Weekly AnalysisHi Traders, Here is weekly top down analysis of GBPUSD using fibonacci confluence. I am bearish on GBPUSD for now and based on few levels it can be bullish. But we must remember that we have Brexit coming too which can make this pair drop by a lot.
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#EURUSD Top Down Fibonacci Confluence Weekly AnalysisHi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen.
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ORBEX: USDMXN Correction Hints to Further DownsideUSDMXN is currently correcting towards the golden Fibonacci retracement of the last impulse wave to the downside. This follows the completion of corrective minor wave 4.
It could be then followed by a final 5th impulse leg in the minor degree, eying the 100% Fibonacci extension of waves 1 and 2, near 18.34.
#AUDUSD Reached 38.2 Fib Take Long Or Wait For Entry at 61.8Hi Traders, AUDUSD Reached 38.2 Fib as expected and we have a lot of confluence there. However on Daily timeframe it is getting overbought so we need to be careful. If the market shows rejection at 38.2 then we can add to our long positions else we will have to wait for 61.8 level where more confluence is. If the entry has been taken at 38.2 then stops will have to be below 61.8 naturally.
#AUDUSD - A Pullback For Huge Opportunity - Weekly AnalysisHi Traders, AUDUSD is pulling back as expected pretty much like EURUSD. However because in recent weeks it has been creating new highs, we can expect it to continue with that. This current pull back with USDollar over sold, we can get a very good opportunity to go long. We must watch the zone carefully and any sign of bullish movement. The zone has confluence of 38.2 Fib, Round Number 0.6900, trend line and 200 sma.
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#EURUSD Positioning For Huge Rally - Top Down Weekly AnalysisHi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on multiple time frame for accurate entry, stop and exits.
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GBPJPY Long (120 Pips) Cypher/Short (180 Pips) Structure BreakHi Traders, GBPJPY has 2 opportunities right now. One is Cypher Pattern play for long positions which can give us 120 pips. Then we have break of structure play downward which can give us 180 Pips. We need to be careful as this is weekend and we have news expected. We should have stops wider in such cases if we want to jump in.
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How To Plan Plan A Trade With Fibonacci Ratio ConfluenceHi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the possibility to pre-plan and quantify a trade with high accuracy.
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Trading Consolidation Profitably In Forex Markets With FibonacciTrading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial)
Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing about fibonacci ratios is that we can pre-define targets or make a fairly accurate prediction about market's move. We can can quantify trades in advance. Fibonacci is one the main tools that I use in my confluence trading. Fibonacci is the first tool that pick to start my analysis.
Feel free to post your comments or ask questions. Sorry I ran out of time so I will create another part. If you find this useful please Give it a like and share with fellow traders.
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EURUSD Will price respect the Fibb levels? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
ORBEX: Correction Nearly Done, Could See Another Leg DownEURGBP could complete its primary correction marginally below the 0.83 round support either in an (A) or (C) fashion.
The successful correction will determine the strength of the upside move, provided a slide is sustained above or near the 0.8130 area.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
EUR/NOK LONG SETUP - MULTI TIMEFRAMEAnother setup that I’m sharing, this time on EUR/NOK .
You can see that this pair has just broke the last resistance levels.
I took the Fibonacci from the low to the high and now wait for the pall down to get me on the trade.
In my opinion really string SETUP that we all should look and wait for next week.
Hope you find it very useful please make your own analysis and write your comment below.
Thanks :)
Keep It Real (Part 1)In a chaotic market, it is nice to see the order, I had a tough time to figure it out, but I finely did it.
Soon I will publish the 2nd helf of it and I will add some pictures for you to easy to follow.
I added the videos I mentioned for you to follow in case you want to understand better my analysis fundamentals and guidelines.
"A Dramatic Headline"
"A Trip To The Future"
"Crazy Idea"