I am looking for a pullback to the green zone which serves as recent support that's now resistance. In addition we have some confluence at resistance. The golden ratio of the Fibs sits right at resistance. I look to take it long to the zone and look to counter with a short position for continuation to the downside.
USDJPY looks to be primed to head to the 50 Day MA which sits at resistance. Will look for short position at resistance.
USDCAD has some confluence lining up. We are anticipating price to head to the 1.30850 region to kiss the 50 day MA. this is also the Golden ratio from the previous bullish implusive leg. Looking to enter at the 78% retaracement at tthe 1.31560 zone or recent resistance line for a short to our targets.
I am looking for UCAD to correct to the Golden Ratio where we have three confluences. At the Golden Ratio we have the 50 Day MA, Resistance and of course the Golden ratio. I have a long in play to the green box.
We have confluence with the 50 day MA sitting at the Fibs .78. I am looking to short this pair to the .78. I will scale in and out.
I am looking for USDJPY to correct to the 50 day moving average which also sits at the 78% retracement of the Fibs. I will look to set my first target at 109.200 and next downside target of 108.830 area. Stop Loss will be placed at 109.625...
I expect UJ to head to the Golden ratio at 109.100 region which aligns with confluence in that area with some previous resistance. If we break that, we can expect price to head to the 109.400 area before heading back down.
I expect to see a healthy correction to the 50 day MA which gives us confluence at the Golden ratio. We also have a few Gap ups on the chart that could be closed below the green box. If so, price would fall right at the 78% correction of the fibs.
UCAD is currently in a correction. We are approaching the first Fib zone of .38. I expect UCAD to head to the Golden Ratio. I've entered in the trade 1.31750. 200 MA is sitting at the golden ratio for confluence. Once we complete this correction, we can expect the continuation to the downside.
Bitcoin is in a correction at the moment. We have breached the 50% Fib retracement. We have a high probability of heading to the $7450 price range. If we do, we must also respect the $5,800 price zone as well. We will scale into a long position as price comes back into these zones. In the mean time I would be patient and wait before entering. Be mindful of the 50...
On the 4hr we have a touch to the .78 of the FIbs. the Original move was bullish as you look left to around Sept 3rd... We are in a correction. For the first target we have the 50 day moving average sitting at the golden ratio of this most recent bearish move on the chart. I will take a long position to the Golden Ratio. After that I will wait for another...
Rode CADJPY to the .382 Fibs for a nice short using .7 Lot size. If we get a full retracement to the .78 area, I’ll look to get long.
The top extension was hit on USDCAD. I expect a .382 retracement which sits right at the 50 day MA. I will take this trade short for now.
I'm looking for price to retrace to the 78% zone of the Fibs before making an impulsive move to the upside to hit our targets. As of now, we have a slow consolidation of price. Which means there is a higher probability that price will head lower to the 78%. Anytime price moves slower on a correction, it tends to want to head to the 78%. If price corrects faster,...
We had a good retracement to the 78% of the Fibs. Hopefully we can head to the downside. Im holding for a swing trade.