Here we have a potentially nice setup forming.
Price has reversed within the 50.0% & 61.8% fib retracement.
Price has reversed on previous structure formed earlier this month.
Multiple lower lows and lower highs forming.
MA lines have crossed showing a change in trend on the hourly chart.
RSI has touched the 30% oversold mark previously but selling...
I have decided to enter a short on FX:NZDUSD. Price has hit my import resistance level and it seems to have been rejected. I expect price to decline from here. This trade will need some extreme patience as it was entered on weekly price action. If price does start to decline i will be looking to add further positions and will ride this down as far as possible to...
GJ follows harmonics very well i caught the buy from the break of the B point to the D point of the Bearish bat. Now that it has reached the 886% Fib Retracement in Confluence with the Fib Extensions, You wait for the rejection on Higher TF and you Sell. First Traget is to the 382% So you use you Fib tool measure from Point C of the Bat to the D point For Take profits.