After a brief relief after hitting support in the 4130 area we can now begin to look for our next short entry.
Potential retracement to the 0.5-0.618 Fib levels (4280-4314)
Strong resistance zone with historical significance
Daily orderblock at 0.5 fib with a daily fair value gap at 0.618 providing additional confluence
Hello fellow traders,
I have spotted a promising long opportunity on GBP/JPY that I'd like to share with you. The pair is about to hit the 0.5 Fibonacci level at 168.850, which is calculated from the previous leg up. Additionally, there is a 4-hour fair value gap between the 0.5 and 0.618 Fibonacci levels. We have two profit targets in mind: the 1.618 Fibonacci...
Today, I would like to share a potential long opportunity on NAS US100. We are looking for a retracement to the 0.5-0.618 Fibonacci levels between 13100 and 13060. This zone coincides with a 2-hour fair value gap, has a good support, and is strengthened by key psychological levels.
Potential retracement to the 0.5-0.618 FIB levels...