Get started

Sma200

EURCAD Short: Bat + Fib Cluster in S/R ZoneEURCAD is nearing the PRZ of a bearish Bat in a heavy S/R Zone. The SMA200 and EMA200 lines have been tested showing weakness. If price should complete the bearish bat this would present an opportunity to go short back toward the moving averages. An important .618 fib level from structure high to structure low aligns precisely with the .886 bat completion level and a Fibonacci cluster. Entry is placed at the bottom of the PRZ with SL above 1.13XA and target at .618CD. Confluence in the PRZ: Bearish bat Retest of EMA200 and SMA200 Strong S/R Zone Highly confluent Fib cluster
Short
by glennmercer
AUDUSD Short: Shark + Wolfe + S/R + Trend ContinuationAUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark pattern completion point with a SL above 1.272XA/Moving averages and targets at .618CD, C point, and the .886 fib retracement level. Bearish Confluence: Bearish shark pattern completion 2.272AB=CD 1.618BC Projection Bearish Wolfe Wave setup S/R Zone 200SMA Resistance 200EMA Resistance Trend Continuation
Short
by glennmercer
8