Hi traders, On the EURUSD I'm looking to enter long at the 38.2% Fibonacci extension. This area lines up with the 61.8% Fibonacci extension of the smaller move. We also have the 200% Fibonacci extension of ABA and the 161.8% Fibonacci extension of ABC. Entry: 1.06737 Stop: 1.06601 Target: 1.07261 = R:RR 3.85 Good luck traders!
Hi traders, On the EURUSD I'm looking to enter long at the completion of an AB=CD pattern, which lines up with the previous structure and the 50% Fibonacci retracement of the bigger move. My target will be at the 50% Fibonacci retracement of the AD move. Entry: 1.06211 Stop: 1.06077 Target: 1.06671 = R:RR 3.43 Good luck traders!
Hi traders, On the AUDUSD 30 minute timeframe I'm looking to enter short at 0.76159. Let me explain to you why: We are in a bearish trend 50% Fibonacci retracement of the move from 1 (top left of the chart!) to 2 (next to A!) Bearish bat pattern completion Entry: 0.76159 Stop: 0.76414 Target: 0.75544 = R:RR 2.41 Good luck traders!
Hi traders, On the USDCHF I'm looking to enter long at just above 1.00700. Why? 61.8% Fibonacci retracement of XA Completed AB=CD pattern (100% Fibonacci extension of ABC) 127.2% Fibonacci extension of the ABA move Previous structure Continuation of the trend Entry: 1.00715 Stop: 1.00608 Target: 1.01149 = R:RR 4.06 Good luck traders! Updates will follow.