I went fully Fibonacci on SUB. Using the time zone, retracement, extension and arc/circle tool. Any thoughts on the target zone?
Notice the .50 Fib level respected & decided to take that as "confluence" for a continuation of the up trend. Make take days before it unfolds but never the less should gain value as bitcoin's arises.
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!! Have a nice weekend
NZDUSD is currently struggling around the Resistance level around 0.734 It is possible that the Kiwi Soars forming a Double top formation, but It has a small probability to occur under this current situation. NZDUSD is expected to continue going south, after finishing its current retracement, reaching a lower high of 0.734, which is no more than the 0.618...
The grand bearish wave FX:NZDJPY is forming on DAILY/WEEKLY time frame. Fibo fan is indicating the possible future location of point V . Being a long-term project, it'll take significant time to reach its goals, but if reached, they're definitely worth* it :-) This idea was largely inspired by beauty and simplicity of Tradewonk's analysis: Good luck and...
This market has been pretty straight forward over the last few weeks. Every 1.27 extension from the last wave down was hit, followed by small retracements. Based on the last leg down, which hit the extension at 110, I don't see this bull higher than 110.6, which is around the 1h 50 EMA and presents a nice short opportunity. Breaking 111 could signal a trend reversal.
www.tradingview.com Folks my outlook is still benignly short for EURUSD pair. This is because from the analyses shown unless 1.06077 area (purple arrow) is taken out by daily candle close we will still be looking out for short entries below 1.05261 area (blue arrow). Above 1.06077 zone should bring 1.06790 area (gold arrow) into focus.
Looking for a simple trend continuation trade here on gold as the market consolidates in it's latest pullback. The "Initial Killzone" that i drew out is a combination of the two bigger killzones that I've identified combined with levels of Fibonacci ratio confluence. If you were to zoom out to the daily chart you'll also notice a previous level of structure...
Buying @ .27-.28 before correction, all things constant
common gap or breakout gap? keep in mind 1/15 split
You have a potential bullish Gartley pattern that will complete right at the major support level on the GbpJpy. This support level has held since the decline after Brexit, and it is as good a place as any to look at getting long. Add the Gartley pattern completion and you have a nice potential setup. I just put out my weekly forex preview on my you tube channel...
Last my analysis with Risk/Reward Ratio 3.23 Fibonacci Arc on Daily Chart $AUDUSD Entry @0.7353 Take Profit 1 @ 0.7200 Take Profit 2 @ 0.7000 Take Profit 3 @ 0.6833 Stop Loss @ 0.7510
We are looking to short the market @ 1.11600. for three reasons: 1) Cluster of long and short term fibonacci retracement and expansion 2) The completion of the AB=CD harmonic move 3) all of thi in confluence with a major structure resistance Remember guys: eyes on your mind, not on the trade. CORTES TEAM
HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
Silver, like Gold is temporarily correcting up towards,16.455-16.539.
This technical analysis using Fibonacci retracement and Fibonacci Extensions , was made by me to help myself better understand price movement. I'll not get into too much detail here because most of it is already in there with the callouts. One last thing I'd like to add though is that the point where the leg moves down at the end of this chart is actually the...
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short. As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence. As well as a...