Price is falling towards our buy entry at 0.6633 which is an overlap support that aligns with 61.8% Fibo retracement. Take profit will be at 0.6707 which is an overlap resistance level. Stop loss will be at 0.6574 which is a pullback support level
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Price is raising towards our sell entry at 1939.64 which is an overlap resistance that. Our take profit will be at 1924.59, our take profit will be at 1924.59 which is a pullback support level. Stop loss will be at 1954 which is an overlap resistance level that aligns with 78.6% Fibo retracement.
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Price is pushing up towards our sell entry at 1.3245, which is the 78.6% fibo retracement level.
Stop loss will be placed at 1.3279, which is at the body close of the overlap support level, and now acting as a resistance. Take profit will be slight above the 38.2% fibo retracement level, at 1.3197.
Additionally, price is within a bearish descending channel,...
Price is falling to our buy entry at 1.2674, which is a pullback support level that aligns with the 38.2% fibo retracement.
Stop loss will be at 1.2534, which is slightly below the 61.8% fibo retracement. Take profit will be at 1.2827, which is at the body of the candlestick at the resistance level.
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EURGBP could fall towards an overlap support that aligns with the 61.8% Fibonacci retracement level. Price could hit the buy entry at 0.85654 and potentially reverse to bounce higher. Take profit is at 0.86309 which is an overlap resistance that sits under the 38.2% Fibonacci retracement level. Stop loss is at 0.85219 which is a recent swing-low.
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USDJPY could fall towards an overlap support that sits above the 38.2% Fibonacci retracement level. Price could hit the buy entry at 142.099 and potentially reverse to bounce higher. Take profit is at 143.904 which is an overlap resistance. Stop loss is at 141.327 which is an overlap support that sits above the 61.8% Fibonacci retracement level.
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Price bounced off the 1.2683 support we identified and rose nicely to our take profit target at the 1.2832 level. In this review, we touch on why we used the 1.2832 level and not the swing high at 1.2850 - a lot of this is down to trade management and take profit placement.
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We're seeing price approach a major support level at 1.2680 which is a historically strong support level. It also lines up with Fibonacci confluence of 38%, 50% and 100% (projection). On top of that, there's a nice bit of bullish ichimoku cloud holding prices up.
If price were to bounce from here, we could see it inch up towards the 1.2832 level which is the...
Price reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of...
We're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down.
If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent...
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69.
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Price is currently at our sell entry at 1.0997 that aligns with 78.6 Fibo retracement and 61.8% Fibo projection level. Our stop loss will be at 1.1060. Take profit level will be at 1.0909 which is an overlap support level that aligns with 23.6% Fibo retracement.
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Price is rising towards our sell entry at 1.2803, which aligns with a key resistance area and 78.6% fibo retracement level.
Our stop loss will be placed slightly above the previous swing high resistance at 1.2847, and our take profit will be at 1.2726, which is a pullback support level. Furthermore, it aligns with our ascending trendline.
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We're seeing price test a major support level at 0.6043 which is an overlap support + has a bunch of Fibonacci confluence levels. This forms a strong level of support that price might bounce from.
If price were to bounce from here, we could see it rise quite nicely towards the 0.6099 resistance level which is an overlap resistance and a 50% Fibonacci retracement...
Price is approaching our sell entry at 142.41, which coincides with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement, indicating a Fibonacci confluence. Our take-profit target will be set at 141.44, representing a pullback support level. The stop loss will be placed at 143.54.
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Price is falling towards our buy entry at 1.2675, which serves as a pullback support level and aligns with both the 38.2% and 50% Fibonacci retracement levels, indicating Fibonacci confluence. Our take profit target will be at 1.2824, which is positioned at the body of the candle representing the resistance level.
The stop loss will be set at 1.2541, which is...
AUDJPY is falliing towards an overlap support. Price could hit the buy entry at 95.740 and potentially reverse to bounce higher. Take profit is at 97.446 which is a recent swing-high. Stop loss is at 94.709 which is an overlap support that sits under the 38.2% Fibonacci retracement level.
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