LarryBal

LarryBal

NZDCAD long term sell

LarryBal

Price climbed to the zone between 78% and 88% fib level for the 3rd time, expected a down movement from here.

LarryBal Updated 

EURCHF managed to create bullish momentum off 78% fib level, this is also a decline of 1.08700 psychological level. Expecting price to respect fib and retest the down trend at 23% fib, if trend would be broken there's a strong potential for new highs to be formed at other fib levels.

LarryBal Updated 

GBPCAD holds the level just below 78% fib quite nicely, if we get price action to the upside we can expect to see new highs.

LarryBal

If price respects the fib level and trend we can see a nice drop.

LarryBal Updated 

It seems that the price finally starting to find some resistance after a long drop on a daily 71 fib level. This zone is also a place where the price meets its general trend. If price manages to hold this level a huge move up may happen, however if it does't we can expect drop till 78 fib. I recommend wait for a daily closure or a solid price action before...

LarryBal Updated 

Price respected the trend line + fib level of 78% and continues to respect 71%, following this pattern we should expect a nice down movement for UJ