JabezZinabu

JabezZinabu

Several factors pointing to why my bias is long on this pair: - It is the strongest pair vs. the dollars rise during this recent bull run by the dollar, pointing to a potential stronger bull move when dollar reverses - Harmonic shark pattern at the demand zone - Fresh demand zone test - Fibonacci cluster inside the demand zone looking for 2:1 reward: risk on this...

JabezZinabu

Several factors pointing to a potential appreciation in the pound, setting up a nice long bias position. Price is testing a 5 month trend line and showing signs of bouncing off it nicely Price is testing a fresh demand level which also aligns with the trend line there is a fibonacci cluster in the demand zone as well With the above factors lining up in the same...

JabezZinabu

Here we see price approaching a significant supply zone, where it has tested previously. The last sequence was a touch and then a retest to form an M before a large push down. The last time it tested this level there were 6 days between testing of the levels, this touch today makes 6 days between touches of the level once again. Could we see another M formation...

JabezZinabu

Here we see price pushing down to a buy level with a few confirmations making this a consideration for a high probability setup: - test of fresh demand level - which also happens to be the retest of the trendline resistance turned support - and a high volume node which acts as support - as well as a bullish harmonic pattern formation looking for a 3:1 risk...

JabezZinabu

Price is yet again testing the 2 month trend line resistance, this time its forming a bearish head and shoulders price pattern. It has yet to break the supply level, and being that it is at a point where its testing the supply level, trendline resistance, and forming a head and shoulders, I consider this a high probability setup for a 3:1 risk reward short setup.

JabezZinabu

EURUSD has paused at a significant level, with several factors pointing to a potential down move including: - 2 month trend line resistance test - double top price pattern - supply zone test - price outside of the volume profile value area, with potential for a mean reversion to the value area - a look at the dollar index shows price at a significant support...

JabezZinabu

EU/USD is showing signs of a possible short setup. After an upward push to start the week during london session, price is looking to test a fresh supply level, where it dropped hard and fast for 80+ ticks. Given that this is the first test of that level, I expect a bearish rejection. Additionally there is a fibonacci cluster zone in the supply zone as well as a...

JabezZinabu

Lets have a 2nd attempt at this short setup on the pound... - Harmonic shark bearish pattern (still valid) - Supply level test/rejection - fib cluster with 200% extension and 327% projection Looking for a Friday flip trade here after an up week, potential strong bear move if the resistance level holds up. Great Risk reward opportunity.

JabezZinabu

A few confirmations line up for a potential bearish move in GBPUSD: - Harmonic shark bearish pattern - Fresh supply level test/rejection - fib cluster with 200% extension and 314% projection This in addition to the US dollar index finding support at a fresh demand level is my reasoning for a bearish bias. Looking here for a 4:1 reward:risk trade, with risk just...

JabezZinabu

Several factors pointing to potential bearish directional turn for EURUSD: - Fibonacci cluster zone with 127.2 ext., 61.8 retr., 161.8 proj. - High volume node retest as resistance - retest of Weekly Supply zone dating back to 2014 - short term supply zone from 2/06/18 Looking for a higher risk reward on this trade with risk above 1.2440 and targeting 1.2080

JabezZinabu

Looking for a short setup here as price is showing signs of further bearish movement: - 38.2 % fibonacci retracement - test of supply or resistance zone (3 touches, last one lower high) - retest of 55 and 34 EMA's - weak reaction off trend line support, signs of potential breakdown - end of elliott correction wave b at fib retracement Looking for a 4:1 risk...

02:38

JabezZinabu

Taking a look at GBPAUD we see a few indications of a reversal and continuation to the downside: - Elliott wave completion of 5th wave on daily time frame - additional shorter time frame elliott wave completion on 4hr. - Fibonacci cluster zones lining up at fresh demand levels - Rejection of fresh Supply level at 1.80 - Bearish engulfing pattern to close the...

JabezZinabu

a few indications of a bearish move - elliott wave 5 completion - bearish cup structure - price channel resistance test - whole number resistance at 1.80 - fibonacci cluster at resistance zone - fresh supply level test Looking for 3:1 reward:risk on the setup with risk above the 1.80 price level

JabezZinabu

A few factors I see pointing to bearish bias: Price is nearing the 2 month trend line resistance level which also meets the supply zone high volume node and harmonic shark pattern. Looking for a 3:1 reward to risk setup with risk just above the supply zone.

JabezZinabu

Looking for continuation of the bearish momentum - price reacting off 38.2 fibonacci retracement level - price retesting the 34 EMA as resistance - reaction off low volume node as potential resistance Not enough confirmations to be considered a high probability setup, but the pause after the bearish momentum is pointing to either a reversal or continuation. I'm...

JabezZinabu

Several factors pointing to a potential turning point: - Fresh Supply level from 12/8/17 - High volume node resistance - Elliott Wave 5th wave completion - Harmonic Crab pattern - Trend line support turned resistance retest (from 9/8/17) - doji/indecision candlesticks With the above 6 factors I consider this a high probability trade setup for the short side

JabezZinabu

Looking for a regression to mean trade here after price extension. - Price retesting 5 month trend line support turned resistance - Price also coming off fresh supply zone from December - Harmonic crab pattern - 4 hr reversal candle With the above factors lining up in the same zone, I consider it to be a high probability trade setup. First level of reaction...

JabezZinabu

Looking for a potential short setup here with - double top lower high - favorable reaction off low volume node - supply zone Not considered a high probability setup, so keeping risk small with a target below 1.91. I'm risking half the normal per trade risk on this one.