GBPUSD on the 4h chart created a double bottom over a support area. The price bounced over the area and tested the upper trendline of a descending channel and then retrace at the 0.618 Fibonacci level. How can i approach this scenario? I will wait for a potential move to the upside and a break above the structure at the 0.382 level, in that case, i will consider...
GU plummets as DXY rises on Legardes speech, price has fallen solidly and quickly to the 0.618 after a trendline break, potential for a price reversal.
GBPUSD on the 4h chart is trading below and important weekly resistance. The price after the last choppy candles tested perfectly the 0.618, the 0.5 and the 0.382 Fibonacci level as we can see from the Fib tool. Now the price is testing a minor support and a lower low can be expected. How can we approach this scenario? We will wait for a break of the support...
USOIL on the daily chart tested twice the support area at the 0.618 level. The market after the last test created an impulse to the upside and the price is currently testing the descending trendline that start from the recent market highs, below a daily resistance. How can we approach this scenario? We will wait for the EU market open and check for a possible...
GBPCHF on the daily chart is moving inside a daily descending channel. The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair...
EURCHF on the 4h chart is moving in a descending trend. The price after the recent low retest the weekly resistance at the 0.618 Fibonacci retracements creating a possible double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will search for an entry point...
NZDCAD on the daily chart after the recent lows retraced exactly at the 0.618 Fibonacci level near to the 0.88 level. The market ended up creating a perfect double top and is currently testing a weekly support. How can we approach this scenario? Being both the double top and the 0.618 potential reversal point we will wait for a possible break below the support...
GBPCHF on the 4h chart is currently testing the 0.618 Fibonacci level. The price after the attempt to break above the daily resistance created a false breakout started a retracement move in a falling wedge pattern. How can we approach this scenario? I will wait for the European market open and, in the case that the market will break above the resistance at the...
SP500 on the 4h chart can provide us a short opportunity during the beginning of the trading week. The price creates a perfect retracement to the 0.618 Fibonacci level and is now testing a daily confluence area. How can we approach this scenario? We will wait for the European market open and look for a possible break of the support zone. In that case, I will...
GOLD after my previous analysis moved as expected with bullish price action. The market clearly was in control of the bulls and after a test of the highs took a break. I remain bullish in the midterm and I can see another long opportunity if the market will satisfy our condition. The price in fact after the test of the highs took a break and tested the 0.618...
EURUSD on the daily chart turned with a double top at the 0.618 Fibonacci level. The price after the first attempt to break below retests the weekly support area at the 1.12 level retests the resistance and created a bullish impulse that ends with a lower low.. How can we approach this scenario? We will wait for a retest of the daily support and in that case, we...
USDRUB on the monthly chart is testing a historical resistance at the 80 levels after the test with a spike of the 0.618 Fibonacci level. The market after the recent news on the Ukrainian crisis is pushing higher and we can expect some break above for a new ATH. How can we approach this scenario? Even though is very risky to trade with high volatility if the...
EURUSD on the daily chart turned with a double top at the 0.618 Fibonacci level. The price after the first attempt to break below retests the daily resistance area and now is moving again to the 1.10 zone. How can we approach this scenario? We will wait for a break of the daily support and in that case, we will move to the 4h chart. If the condition will be...
EURUSD on the daily chart turned at the 0.618 Fibonacci level. The price after the attempt to break below retests the daily resistance area and now is moving again to the 1.12 zone. How can we approach this scenario? We will wait for a break of the support and in that case, we will move to the 4h chart. If the condition will be satisfied we will set a nice short...
EURGBP on the daily chart is currently testing the string support area at the 0.83000 level. The price after a few test over the confluence between the structure and the weekly descending trendline retraced at the 0.618 Fibonacci level and tested a daily resistance level before turning again to the support. How can we approach this scenario? The increasing...
GBPJPY on the daily chart is trading between 2 weekly structures. The price after the last test of the upper one created a perfect retracement to the 0.5 Fibonacci level with a spike to the 0.618 golden ratio. How can we approach this scenario? Currently the market is trading below a descending trendline and according to Plancton's strategy IF the market will...
EURUSD on the 1d timeframe bounced over the weekly support and tested the 1.14650 resistance level. The price starts the retracement and perfectly tested the 0.618 Fibonacci support. How can we approach this scenario? We will monitor the price action and check if there will be a break of the resistance area that could give us a confirmation of the continuation...
SP500 on the 4h chart reached as expected the weekly support. The price started a choppy move and create a dirty double bottom that lead to a retracement move to the upside. After a test of the daily resistance and a double top the market dropped at the 0.618 Fibonacci level over an ascending trendline. How can we approach this scenario? If the price will break...