This pair has recently tested an area of resistance and got rejected. Look for a retest of that area to short (wait for .618 fib retracement of last swing low on lower timeframe )
Here is another example of an advanced pattern lining up within the main trend. The completion Point D of the gartley also lines up with the 61.8% Retracement of the last swing low, which also should act as resistance. -Good trading. Felix
The price is showing a long opportunities, on a 1H chart, and 1D chart, however the conflict remains on 4H, The price is slightly below B point on a possible 1D Gartley, but due to a probability factor, the price is still in a "continuation North Area". For details please research a chart, but for a long entry our compass is yesterday's pivots, SL's below the...
A long position Aud/Usd offers an excellent RR-ratio at this time The pair is close to support of previous lows around 0.725 and a turnaround or continuation of the current bullish scenario could target previous highs above 0.7430 The pair has held just above 76.4% Fibonacci retracement level of the previous move up and this is not an uncommon level for this...
The Gbp/Usd hourly chart is a resemblance to the daily chart but offers some short-term perspective for a long trade above 1.5540 On the daily chart the downtrend has stopped around 1.46, and we are going up again On the daily chart the 100 SMA is about to cross above the 200 SMA - a golden bullish sign Here, on this hourly chart we see a uptrend forming,...
I think I have found an interesting setup on the 4 hour chart in GbpNzd for a short position Price is currently right below 100 Simple moving Average and just below 38.2% Fibonacci retracement level of last move down these combined resistance levels should hold the price below, and pair is already bearish being below daily trendline and a top seems in place...
The risk-off sentiment surrounding the markets at the moment seems in favor of Nzd and Aud Nzd/Chf has a nice setup: Price is rejecting lows around 0.6260 This level is also 61.8% Fibonacci Expansion target on the 4 hour chart This level is acting as a support area and a possible target for Nzd/Chf Above the target we see a bullish engulfing candle has...
Nzd/Chf is showing a nice Bullish engulfing candle on the 4hr chart Just above 61.8% Fibonacci Expansion target - which now could act as a support The Stochastic indicator shows a slight bullish divergence too, and price seems to be rejecting the lows around 0.6260 I am long Nzd/Chf with a first target of taking out previous highs around 0.64, second target is...
Good amount of harmonic structure.Use your own filters for entering and take note of USD news tmrw...
Long points: 1.Trend continuation !!! 2. Structure + Fib levels !!! 3. Good reward/Risk ratio !! 4. Little RSI divergence ! 5, Australia Dollar price is highly related to commodity prices which are mainly going down !!! Negative side: 1. Estimated (not back-tested) probability 49%+/-7% 2. What positive or negative aspects...
I wouldn't like to confuse you with the blue 'fork' as I just draw it there as a good entry with very high RRR, but created gap will tell us more, if this fork will work or simply not. Then the price is near demand level where could be reversal on the secene. Anyway the market still remains in strong selling position so for longs, keep your SLs as tight as possbile. :)