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Fibs

Multiple confluences for a short opportunityWe formed an AB=CD move that completed right around the 1.270 ext area, and that makes us think that the market is moving in a harmonic and structural way. Then we got our double top with RSI divergence first top being Overbought, and that got me interested in the setup. Looking for an opportunity to enter short in this market found a potential Gartley that completes in another confluence zone of Fibs ratios, (.786 & 1.270). --If those ratios would have matched perfectly on each other it creates the well-known “222 Gartley”-- So for me, this is a valid trade and I'm looking forward to it. Hope it completes and gives us the opportunity to join before the NFP. Keep it simple, and focus on the process Jean Twitter: @Jeanc680
Short
by JeanConsole
Long Term TradeThis is a long term trade, and I'm expecting it to look a little something like this. Take a buy at the very bottom of the channel possibly hitting tomorrow during news event, I expect it will test that area one more time, and I will ride the wave of pips all the way to the top of the Channel. Long term trade possibly multiple days and multiple weeks. Please do your own analysis. Taking a buy at the very bottom of the channel makes this a LOW risk and HIGH reward trade for me.
Long
by Sable
1
GBPUSD : Counter trend shorting chance !Hey Guys, Though I had drawn this much earlier I was waiting for the right moment to post it. So as I have expected GBPUSD came up to resistance area, shot over little bit. But we have ABCD pattern completion in same resistance area. If we draw couple of fib lines you can also find how well fib levels align in the resistance area. With RSI also being oversold in Hourly GBPUSD, we can initiate short positions. Hit Likes to support the idea...Thanks for your support ! Happy Trading !
Short
by InsiderB
$AUDCHF | High Probability Reversal @ 0.78228 | Fib Wolfe GeoHello Traders, Here I have utilized the the Wolfe Wave, Geo's Off-Set Rule, and Fib clusters. Wolfe Wave - Within the Wolfe's 1-2 and 2-3 points you must look out for an ab=cd pattern which we clearly have stated here. Points 3-4 and 4-5 are less likely to have such patterns. In fact, as a WW trader, you want the 4-5 path to be carved out as smoothly as possible. Which we also have here. The Wolfe is near completion, but this alone will not give us a complete analysis. Geo's Off-Set Rule - I have defined levels at 0.75558 and 0.71548 to clearly show where the Geo's Off-Set Targets lie. Rule 1 - If WW completes at point 5, we will look at the 1-4 line as the exit point. Rule 2 - If price hits 5', we will look at point 4, 0.71548, as the exit point. Rule 3 - If price hits 5" we will look at point 3, 0.75558, as the exit point. Fib Clusters - There are 2 Fibonacci Extensions I chose to display in this chart. The first one is the one on points 1 & 2. This gives us a maximum excursion point at which price will need to reach in order to complete the 1.618 ratio. The next Fibonacci Extension is used on the final leg down from 3-4 which gives us a 2.618 confluence zone with the previous Fib Extension. With that said, 0.78228 is the point price will need to reach in order to reverse its direction. If this pair moves quickly we may touch the 5' line defined, which would give us a high probability target of 0.71548 as an exit. If price does not reach the 5' line I still expect 0.71548 to remain a high probability target. Best, Chartistry
Short
by GWaves
2
GBPUSD Long on a potential Bat patternHere we try again with a new Bat pattern setup on the GBPUSD with trend, RSI going oversold soon, with minor trend. Lets hope it will finally hit our PRZ at 1,42870 Stops and targets are on the chart. I am very sorry for so many of my posts have gone invalid before they hit termination point, markets have been on some wild expansions in every direction this week. I will try get them out more close to our PRZ area. But some trades might miss to be posted if they get triggered off desk time. Kind Regards Thomas Jeff
Long
by UnknownUnicorn101425
2