We see butterfly pattern formation, perfectly respecting fibonacci retracement levels and extension AB ending at the 1.618
Looking forward to sell the XAUUSD as TP levels 0.382 and 0.618 from fibo retracement AD
Looking forward to long the GBPUSD since the last move downside. We can see in that the ranging of markets after been measure with fibo ratios the moves give perfect Cypher and Bat pattern formation, bothe manage the same take profit level, 0.382 and 0.618 from the last big move.
Look buying from the bottom, 0.886 maybe your best option
We can see prices has been ranging to the downside in the USDCAD moves have move precisely to formate a potential Gartely pattern here. Look at your kill zone between the 0.887 and the 0.786 for entry long in this pair
After Shark pattern reached his 0.50 fibo level for completion to the downside we can see GBPJPY making perfect move for retracement ending in another shark pattern for longs. buy this pair right to the 0.50 fibo retracement
Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement.
First take profit based on support and second on the 0.27 fibo retracement
We following the GBPJPY -0.06% direction, this pair has been moving in range inside a big consolidation, the best part of consolidation is advance pattern formation, we can see first butterfly completion takes you Cypher pattern formation, This pair is a solid area for sell
USDMXN on daily have been respecting trendines until price broke above the trend line after 5 elliot waves and turns a takeout of the breakout on daily, we can see price back ranging inside the know channel
We can see a three drive pattern formation in USDJPY 0.21% , all the symmetry of the pattern is been respected by the fibo ratios in every wave. We could say that price is ready for the short, we also need to have in consideration that drive 3 could extend to the 1.618 as part of the formation of the pattern, usually trend changes at the 1.272 were prices is at ...
Confirmations for Cypher Pattern:
- A to B must touch 0.382 but cannot exceed 0.618 (on this case B is below 0.618)
- B to C must touch 1.272 but cannot close below 1.414 (Trend-Based Fib Extension)
- C to D must touch 0.786 of X to C
- First TP at 0.618 of D to C (Fibonacci)
- Second TP at 0.382 of D to C (Fibonacci)
- Third TP back to where it all started ...