AB=CD reciprocal 1.618 swing target with potential reaction pivotal points @ 88.6% - 70.7% from Fibonacci retracement. Remains bearish if price action breaks down the volume point of control.
Hey Trading family! In this education post I'd like to share with you my observation of the 3 cycles that create the uptrend and downtrend.
First, trend refers to the natural movement of price action. You may know this has highs and lows. I say we dig deeper.
Highs and lows are referred to as the highest price a buyer could buy a currency while a low is the...
The GBPUSD is trading to a new session high since the beginning of last week and has reached its 32.8% retracement of the week's downward trading range as bears refused to give up. However, from a technical perspective; As at the close of the trading week price action is oscillating right within a strong demand zone that has a memory for buying power that spans...
Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time
Due to the Monthly TF Line in the Sand analysis I will be looking for Bearish entries above the line and Bullish entries below.
The 50% retracement strategy that I use is a very simple construct that can be applied on any time frame. It is in fact the reason for the line in sand based on the Monthly time frames most recent swing high/low.
This 15m example...
