Hi guys! Hope you will find this idea useful, take a look at the price action when it reached Fibonacci 0.618 level, pretty damn interesting right?
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
USDCAD formed a bullish gartley pattern Wait for pull back to enter Around 1.3105 will be a good area to long SL : 1.3035 TP : Follow arrow
AUDUSD retrace to 618 level around 0.67240 will be a good area to long Potential AB=CD move, which also form a bearish bat pattern upon AB=CD completion SL : 0.6700 TP : Follow arrow
USOIL Bullish Gartley and AB=CD completed Wait for pull back to long Around 52.50 will be a good area to long SL : 51.40 TP : Follow arrow
Trading plan for EURUSD We can see EURUSD is moving within the down trend line now. Should the trend line broken, there's a potential AB=CD move Plan A (Short) : Wait for AB=CD completion, around 1.1060 will be a good area to short. TP 1.0950 Plan B (Long) : Wait for the trend line breakout and pull back, around 1.0950 will be a good area to long. TP1 1.106
AUDUSD retrace to 618 level and inside bar just broke up (green dotted line) good to long now SL : 0.6764 TP : Follow arrow
EURUSD retrace to 618 level and formed an inside bar if price break above the green dotted line (1.1119) first then good to long SL : 1.1096 TP : Follow arrow
USDJPY breakout from structure wait for pull back around 106 will be a good area to long SL : 105.730 TP : Follow arrow
AUDCAD can't break previous low wait for pull back to enter around 0.9083 will be a good area to long SL : 0.9070 TP : Follow arrow
EURGBP 2618 trade around 0.90318 will be a good area to short SL : 0.9053 TP : Follow arrow
USDJPY trend line broken look for pull back to enter around 107.450 will be a good area to long SL : 106.700 TP : Follow arrow
AUDUSD 618 trade around 0.70190 will be a good area to long SL : 0.69840 TP : Follow arrow
USOIL 2019 prediction Price reacted nicely at Fibonacci 0.618 level and formed a Morning Star (reversal sign) it could potentially move towards at least 63.70 this year or it might even break 2018 high Suggest to look for buying opportunity as long it doesn't break below 26.03
USDSGD AB=CD completed and pulled back to 0.618 level around 1.35586 will be a good area to short SL : 1.3580 TP : Follow arrow
USDJPY 618 trade around 111.615 will be a good area to short SL : 112.145 TP : Follow arrow
USOIL has broken the channel and pulled back to 0.618 level around 54 will be a good area to short SL : 56 TP : Follow arrow