We have round number on the 76.4% fibonacci level with the round number at 89.000 and a confluence also with 200EMA
So if we go lower here we can see the 20Daily EMA on our 61.8% fibonacci level which I consider it a buy opportunity
I am waiting strong dollar so if we drop here we have perfect confluences on 61.8% with 80,100EMAs and possibly with 200SMA
As I say im waiting for the pound to drop so here also if we go lower im gonna buy at at my zone which is very good key level and psychological number at 2.1 also and confluences with 4H EMAs
I took a win about 70 pips in the confluence with 100 weekly EMA and now I am waiting More drop so I can buy at 80EMA which we have confluence with 200 daily EMA and also psychological level and round number
I am waiting GJ to go lower and im gonna look for a buy opportunity on the 38.2% with the trend line and possibly with another confluences with EMAs
I believe it’s now a bearish time for GBP after all this gains . We pay attention to the news this week . We have our trendline and confluences with 80 EMA and 100 EMA on the daily chart with the Fibonacci levels for possible pullbacks
I am waiting on a pullback first with the 80 EMA which we have a previous key level and after with the 100 EMA on the weekly chart
If GJ gonna keep pushing up im gonna sell at 184.000 which is also a 50.0% and the higher at our daily fibonacci
Be careful here because on Wednesday we are gonna have volatility during the inflation expectations on NZD. Ideally I can see a buy opportunity (if we go low) on 38.2 % which we have confluences with 80.100 EMAs and 61.8% if we draw fibo from top to low low risk entry for me 2.05000 (psychological level)
So here we have a monthly 200SMA with 0.00% daily fibo and 76.40% weekly fibo. 3 confluences
On 74.60% fibo level on daily we have weekly SMA200 and daily 80EMA and 100EMA If we go bearish then im gonna look for this buy opportunity with these 4 confluences
My idea on Gold remains the same as previous week which I had 1000 pips profit on 80EMA. So im gonna look for a possible pullback on 100EMA on the daily chart .
IF we draw fibonacci from up to down on daily we can see we have confluence on 50.0% with 80EMA. I have an order on the 80EMA and then on 100EMA. On 4H chart we also have 4 confluences on our area of interest with 80,100,200,EMAs and 200SMA
We have a 61.8% on daily chart with confluence on 200EMA on monthly chart and almost 200EMA on 4Hchart