Muhammad_syafiee

Muhammad_syafiee

Bombs away... as mentioned many confluences on the 1783 level. Touched and home run. Good start to 2022.

Muhammad_syafiee

We're looking that gold with touch base at 0.618 (1783) before it goes up again. There are other SNR and SND on this exact level too. Many confluences giving us more possibility. Let's see.

Muhammad_syafiee

perfectly reached the resistance at 1.27% on fibonacci. For this to happen the harmonic should fall in place nicely. Meaning the Abcde needs to align properly before you can connect A and B to find entry on E. M3 and M5 would be the best way to enter.

Muhammad_syafiee

Using the different lows to find the level. Now we wait for a bar that closes above the open and above any of the 4 lines to go long. Patience.

Muhammad_syafiee

Wait for a reversal bar and boom. The idea here is wait for the market to reach the level. Second we find a bar either 4hrs or 1hr to close below the open and below the fibo line. Here is a perfect example on the 4hr.

Muhammad_syafiee

The 1hr bar should close positive first before going long. we might see a potential long position if closes positive.

Muhammad_syafiee

Entry based on 15 mins or 1hr. Clean Set up!

Muhammad_syafiee

using 1670 low and high of 2075. It gave us the support at 1873 (50%) But is 50% enough? it might test again and we are hoping it goes down to 62%. As usual the GOLDEN ratio before going long

Muhammad_syafiee

A combination of Monthly, Weekly, and Daily timeframe. All 4 types of Fibonacci drawn.

Muhammad_syafiee

There was crazy gold rush over the last few weeks. If you chased to enter maybe you're sick now. Now if you came in at 1873 then maybe you came in at the right time. Our target still stands for it to go to 2150 or if it continues longer 2450 is possible. Now gold is coming down again and exciting time to re-enter again.

Muhammad_syafiee

Zooming out to the bigger time frame from monthly to weekly to daily. We are seeing level confluence at the range. In this drawing, it is just the retracement. If you look at it, there is also an Expansion of 50%. If you take the low of 23rd March with the High of 27 April on the Weekly chart, You'll get 28039. If the week shows negative, we might see some moves...

Muhammad_syafiee

What are we looking at next week? A possibility of a drop if it breaks out today’s Low. Let’s wait and see once the day completes and when it opens next week. After which, it might be exciting to see what other ways Mr Trump can do to save the market. Before he does something, your Fibonacci can tell you where it’s going. You’re way faster than Mr President. The...

Muhammad_syafiee

connect 11 may low - 22789 to 8 june high 27636. You will see at 62% 24641 was your take profit if you followed the opportunity last Thursday to go short. it would have given you 2000+ pips. Some are afraid of last Friday's close because it hit 50% and bounced up. again, the golden numbers are important. 62% and 162%. Find your rhythm, I'm a fan of standing aside...

Muhammad_syafiee

This is the weekly TF, you need to do MTF analysis If you’re looking for something else. Either you use 18213(23rd March) or 22789(11May). It depends on your plan. Personally I love the 62% and 162%. Then again the choice is up to you. 38% 50% 62% 79% 89% 100% 127% 162%

Muhammad_syafiee

10th of June closed below the 79%. If it breaks out the Low, we are going short. Is this the 2nd wave? Well, let the Fibonacci tell us.

Muhammad_syafiee

An overlook of bigger time frame (weekly) and smaller time frame (daily) In the next couple of days, if it breaks the low, we might see something. Watch it and Relax. Any other indicators? Nope.. Just fibonacci! The media is not telling us everything. Ignore and thank Mr Fibonacci.

Muhammad_syafiee Updated 

Take the high of A and low of B. It is closing below the 162%. p.s: all look at the bigger time frame weekly and monthly to see it better, whats your strategy?

Muhammad_syafiee

Simple Exercise. Entering with 1hr chart.at 79% reversal bar. Exiting at the last TP level of 162%. Focus on Yellow lines only. Red Arrow entry. Low of that bar, stop loss high of that bar. TP at green arrow of the yellow line. No complicated indicators just Fibonacci.