FX_IDC:NZDUSD Several factors pointing to a reversal in price: - Fibonacci Cluster (161.8% extension, 327.2% projection, 70.7% retracement) - 9 month Trend line Resistance (9/7/16-present) - Elliott Wave 5 Top - Supply zone - Doji candlestick Tough to short against such a strong uptrend, therefore look for confirmed reversal in form of back to back bearish...
TVC:SILVER Still early so this is speculation but if price turns up at the $17.1 level, look for a short opportunity around $17.5, which would also setup the trend reversal trade with the following setups: - Head and shoulders pattern - Low volume node resistance - Elliott wave corrective ABC pattern Still a number of factors that need to happen before the...
lsymbol="FX_IDC:JPYUSD"]FX_IDC:JPYUSD Potential long setup on the 4hr: - reversal candle forming - short term trend line support - supply zone turned demand zone retest - Fibonacci cluster zone (retracement, projection) - low volume node support 3:1 reward risk trade FX_IDC:JPYUSD
EURUSD Here we see several factors lining up to a potential bearish reversal: - Fibonacci cluster zone - fib. extensions 227.2% & 100%, fib. projection 100% - Elliott Wave theory 5th wave top - Supply zone level - 1.1300 significant price level resistance - ECU interest rate decision Thursday
XAUUSD Gold is approaching a key level, with several factors pointing to a potential reversal soon. - Fibonacci cluster - fibonacci extension 100%, fibonacci projection 127.2%, fibonacci retracement 70.7% - Supply level resistance - Volume profile low volume node resistance - Bearish AB=CD pattern - 1300 significant price level resistance - Full Moon Friday...
NYMEX:CL1! Several factors pointing to a potential continuation of the 3 month downtrend. - Fibonacci cluster zone ( 88.6% fib. retracement 261.8% fib extension 127.2 fib. projection ) - Trend-line resistance retest - Lower highs/lows = downtrend (even though the swings have been big) - A potential AB=CD or commonality zone: --price made a $6.70...
FX_IDC:AUDUSD A combinations of factors occurring at the current price level show a potential trend continuation to the downside and short trade opportunity - Fibonacci cluster zone: - Fibonacci retracement 38.2 % - Fibonacci retracement 61.8 % - Fibonacci Projection 127.2 % - Trend line resistance is being retested And price is currently in a confirmed...
NYMEX:CL1! We see here price retesting a key support turned resistance zone. This zone is also where the 13 month trend line that was broken is being retested, a Fibonacci cluster zone (38.2, 61.8) sits, the 13/21 EMA's are being retested, and demand turned supply zone meets. That in addition to the reversal candlestick that formed Friday may point to a potential...
Here we see at least 3 factors pointing to a potential reversal: - Fibonacci cluster zone - Trend line Support zone - Short term Demand zone Further, we see that the 2017 uptrend is still intact with consistent higher high's and higher lows, and a potential AB = CD pattern forming if price proves to reverse to the upside, with a projected take profit at the 100%...
Here we see a combination of factors pointing to a potential break of a 12 month Trend resistance line. First the cluster of Fibonacci retracements (23.6% and 38.2%), then a retest of the 13/21 EMA's, followed by price approaching the Zone which turned from Supply to Demand upon the break and retest. Because of the sharp turn down from the 1.10 price level, a...
A potential long opportunity forming on the daily chart for the JPY/USD forex pair. As is shown on the chart, price is finding some significant support with: - new year (2017!) trend line support - Fibonacci cluster zone (fib retracement 70.7%, fib projection 238.2, fib extension 127.2 ) -back-to-back daily reversal candlesticks (doji/reverse hammer) all in the...
Price this broke a 13 month Trend line support level, and is showing signs of a retest before what I expect to be a further push lower, beginning a downtrend. First off we see price may have found a short term bottom where price almost exactly hit a tight Fibonacci cluster zone (fib. ext. 150, fib. proj. 127.2, fib. retrac. 88.6). On the same day (5/5/17, NFP...
Canadian dollar at a 2 week support level, in terms of shorter term counter trend, this could be a good buy level targeting the 61.8 Fibonacci extension as possible resistance, however looking at the larger trend, if price were to break support- look for a larger continuation to downside.
After an impulsive move down to break a 6 month support, the Canadian dollar has found some support and spent the last 5 days in retracement. As price approaches the 38.2 Fibonacci retracement level of the current downtrend, we see that same level shows to also be previous key support and resistance. Watching the .75 key level for reversal and downtrend continuation.
A potential Elliott wave pattern forming from the start of the Brexit crash in July, we can see the proper Elliott wave formation thus far, potentially entering the 5th wave down. Also a Head and Shoulders pattern further agrees with a 5th wave push down, where we can see a Fibonacci cluster zone around the 1.21 support zone which was set at the October flash crash.
Here we see an impulsive move up to start the week, followed by a pullback to the 61.8 Fibonacci level. Watching to see if price respects the blue trendline and continues a move higher. Also watching the red zones which are previous resistance + Fibonacci extension areas for potential take profit targets.
Here we see a few sell signals including: - Head and shoulders forming, waiting for break of trend line - price falling below the 13 and 21 EMA - Fibonacci clusters/target zones at: 1.225 1.213 1.203 - Recent breakout of USD Additionally, the bearish reaction to the better than expected retail sales release during this mornings London...
Here we see price approaching 4 month support level, the last test of the support reversed at a higher low, this current test of support has again paused at a higher low then the previous test. There are also reversal candlesticks at the current level, if price breaks above the current range high of .749, looking to go long.