JFibonacci

JFibonacci

As you can see in the chart, price deeply retraced into the 1H Bullish Orderblock in the red box, specifically around 90.650, and respected it because it did not close below the low end of the orderblock. We can see that there are sellers still short from 93.267 and we have Bullish Order-flow in the market, so we would seek to see the sell stops wiped out there...

JFibonacci

Here we have EUR/USD. Bearish bias intact. Sell-Side Liquidity has been identified resting at 1.12667, denoted by the red line applied. We would look for a 10-20 pip sweep below that price point to take out sell stops before going long.

JFibonacci

Just throwing this up for my own personal trading journey and to document the process along the way. Here we have the EUR/USD. We can see price came into the Bullish Orderblock and rejected away from it to the upside. Confirmation of a valid OB. Now where would you target? There has to be a reason to execute and a reason to get out with pips bagged. There’s a...

JFibonacci

As you can see, a Fair Value Gap was formed on the H1 time frame, which lines up with the bullish order-flow in the market. There was also Sell-Side Liquidity that was taken out right into the FVG. Entered in longs @ 93.166 within the FVG and targeting Buy-Side Liquidity resting just at 95 big figure, for a 1:3 RR position. The trade has the potential to bag 193 pips.

JFibonacci

Here we see buyers exhausted at trying to break above the Major Round Number 120.000, which suggests that sellers are now coming in to play. This pair is also making a series of higher highs and higher lows which also suggest price to be moving in an uptrend. I think we would see price selloff and tap the 50% fib level which is also a previous resistance level...

JFibonacci

Here we have bullish price action looking really nice with a bullish pin bar forming right on the 61.8% fib level. Prior to that, price respected support between 76.36 and 76.215 and now we have what obviously appears to be a completed C leg for a potential AB=CD harmonic pattern, which means I would look to take profits at 79.50 as it is aligned with the D leg extension.

JFibonacci

Previously we've seen a double bottom form and the neckline has since then been broken. This means a 2618 trade is in alignment. Price has formed a high at 149.331 and has now retraced to 145.907 which is our 61.8% Fib level. I take aggressive approaches to these trades, so i had buy orders set directly at the 61.8% level and now we look to take profit at 150.00...

JFibonacci Updated 

Previously, we've seen a Gartley pattern complete and reach the target level (61.8% retracement) of the CD leg. In the chart provided, i have drawn out the AB=CD harmonic tool to help with the projection of this pattern. We've had no candles close below the 61.8% fib, so that's a good sign for me and is why i now have a long bias. C leg of the AB=CD harmonic...

JFibonacci Updated 

I'm projecting that this pair FX:EURAUD will drop to the DZ (Demand Zone) in the 1.5160 area. A few things we have seen so far that bring about the 2618 trade setup on this pair is: 1) a double top formation; 2) the neckline of that double top broken; 3) price retracing into the 61.8% fib region; 4) multiple trend line retests and rejections. Price is flirting...

JFibonacci Updated 

Price has formed a new high at 111.352 and seems like it is on its way to entering our 61.8% fib region. There isn't much to say about this move because its rather simple, lol. The 2618 trade may play out once we get some strong bullish power at that fib region to complete the C leg of the AB=CD harmonic pattern. Profit targets for me are the D leg and D extension...

JFibonacci

POTENTIAL AB=CD PATTERN COULD BE SETTING UP. BE ON THE LOOK OUT AND AWAIT FURTHER PRICE ACTION TO CONSIDER SHORTING THIS PAIR. IF ENTERING, STOPS WOULD BE @ 129.370 AND TARGETS @ 125.00 AND 123.00. PRICE IS CURRENTLY PLAYING AROUND @ 128.70 WHICH IS OUR 61.8% FIB LEVEL, SO IF SELLING POWER PICKS UP BY A STRONG 4HR CANDLE CLOSING BELOW THE PREVIOUS BULL CANDLE, OR...

JFibonacci Updated 

SUPPORT @ .7650 HELD BETWEEN 3/28/18 ALL THE WAY TO 4/9/18, MAKING THIS A STRONG KEY LEVEL OF SUPPORT FOR A WEEK, WITH MULTIPLE REJECTIONS OFF OF THIS LEVEL. THIS PAIR FORMED A STRONG BEAR CANDLE SMASHING THROUGH THE SUPPORT LEVEL ON 4/23/18, MAKING IT A NEW KEY LEVEL OF RESISTANCE. POSSIBLE AB=CD TRADE SETUP. AWAITING BULLISH PRICE ACTION TO REACH 61.8% FIB LEVEL...