There could be a couple of potential entries if you were wanting to get long GBPJPY over the coming days. The first over on the left hand side is an advance fib pattern in the form of a bullish Bat pattern completing around the 149 even handle (just below it). It also looks like an equal measured move (AB=CD) is being traced out from the A point of the pattern...
Natural gas falls to a minimum resistance level of 2017.
so much confluence I can't even read the numbers.
The daily market for BTCUSD , after forming the bearish Gartley I reported in a previous chart, is correcting. If the figure completes "by the book", the target price should be around 11000$. It is indeed unlikely to reach that level given the volatility and the tumultuous market so I traced that level as a strong support. It seems more likely that the drop...
We have complex pullback into previous outside return. Fibonacci inversion 1.618, Fibonacci extension 1.27, Fibonacci retracement 0.886, RSI is overbought. Reason for entry: lower low lower close (LLLC) SL@143.62 Target1@ 141.38 Target2@ 140.77
A butterfly pattern has formed with entry point the same as the Fibonacci Inversion trading setup. Market overextended itself against the trend and reached a strong sellers area. We are waiting for the rejection. Sell now!! There is RSI Divergence in lower timeframes. Stop Loss and Targets as in chart. With regards, Michail Sideris
Punto de recompra en 940$. El volumen viene bajando, igual que el RSI.
Similarly to the NZDCAD, we have another setup developing on the AUDNZD. Let's wait for the breakout with confirming indicators.
Short opportunity
Bullish Cypher formation...fibonacci clusters kill zone acting as strong support... Good risk/reward trading...
Kill zone for shorting AUDUSD along with advanced pattern formation...Looking forward to trading this people!:)
If the market extend and form a higher outside return, there is a Butterfly completion alongside a AB=CD completion at 1250. So far this pair provide us a lot of summetrical moves and maybe is going for one more.
In this image we can observe the impulse the chart is having on 4h. Now just touching the -27 retracement we are waiting for the chart to move down a bit to enter a long position aming for 1.3143 level.
Just wanted to give an idea for possible trend continuation trades, All rules are on the chart. All the best. Felix Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
Hey Traders, as i walked through my pre market analysis, this setup caught my attention. I firstly identified the structure on the daily timeframe for a possible trend continuation to the downside. I then switched to a lower timeframe and identified the double top, with fibonacci confluence and bearish divergence on the rsi. We've got a retracement, an extension...
The DAX comes right back into the previous support zone which now should act as resistance. We got a 50% Retracement from the swing high and a 1.414 Fibonacci Inversion lining up perfectly at the outlined area. The RSI also shows that we are heavily overbought. Good luck! Give me a Like if you want to see more of this.
Hello Traders, doing my weekend market analysis before market open I've found a nice potential bearish bat pattern on the 4h chart which perfectly lines up with the 1.618% Fibonacci inversion. Stops and Targets as shown. -Have a great last trading week before christmas. Felix