jonesesp

jonesesp

SELL@1.0606 SL@1.0690 TP@1.0460

jonesesp

Here we can see the current A-B boundary from the Daily TF is Bearish...we can see the C pull-back has been a nice 50%. I favour and work most technical off the 2H TF and the A-B boundary here is also Bearish...we can see the C pull-back has been a nice 38.2%. Now here is the ugly bit (LOL) as we can see price is currently stuck in consolidation and the pennant...

jonesesp

Price action is heading right into the Apex of large pennant consolidation... The arrows show how price was rejected with sellers entering the market close to the Blue 20EMA (Daily) Bearish candlestick formations.

jonesesp

I am waiting for another bearish signal and price seems to have stalled at resistance levels today, so this Head and Shoulders is ticking a few boxes... Looking for deeper pullback to look for a good risk/reward ratio

jonesesp

Pending Order 1.1553 SL 1.6559 TP 1.1398

jonesesp

Here is the weekly ABCD long term swing...Since the 86% FIB retracement formed a strong level of resistance price has since dropped through the floor heading towards several major levels of support. Firstly, the B low will act as a substantial support level; followed by the pivot yearly low of 2010; finally, settling at the 118% D extension target, which adds...

jonesesp

I have always studied and monitored price action against Fibo levels and providing the markets trend and do not reverse the myth of Fibonacci works for me... Here is a daily chart showing the recently completed ABCD pattern...A - B boundary completed and a C shallow pullback correction formed. This offered an extension target at the 1.618% (1.24978)...notice how...

jonesesp

I draw the following FIB extension levels via the FIB retracement tool: 1.27% extension use -0.27 1.414% extension use -0.414 1.618% extension use -0.618 No need to use the FIB extension tool, which saves a whole lot of time

jonesesp

The EURO is currently sat on several major support levels; Daily TF A - B swing C pullback halted today at FIB support 88.6% which concurs with previous structure lows and whole number 1.2700. Looking for buy signals on smaller TFs to pick off bullish corrective price action

jonesesp

During the close and opening times, especially relating to the Sunday Open we can often see a gap in price and more often than not price comes back and fills the GAP. Here's the 84 pip gap on the EURGBP being helped be all the discussions, fear, etc of a Scotland's breakaway from the UK.