AndrasCsufor

AndrasCsufor

1.12391 resistance meets with Fibonacci Retracement 0.382. Pending sell order at 1.12290 Stop:1.12668 Target1 = Fibonacci Extension 1 = 1.11336 Target2 = Fibonacci Extension 1.618 = 1.09620

AndrasCsufor

1.27 extension meets with stucture resistance which is the completion of the abcd pattern. Short around 1.12885 in the kill zone that i highlighted with the red rectangle. Stop:1.13297 Target:1.117926

AndrasCsufor

Long:1.12016 Stop:1.11784 Target:1.12879

AndrasCsufor

Short

AndrasCsufor

Waiting for completion point. Long: 0.76690 Stop level is always determined by the ATR rules. Target 1 is 0.76899 and Target 2 is 0.77029

AndrasCsufor

Details on chart.

AndrasCsufor

Short:0.77808 Stop:0.78229 Target1: 0.77322 Target2:0.77039 Target3:0.76725

AndrasCsufor

My reasons for short. 1:This is an ABCD pattern which is completed. 2:Fibonacci 1.618 meets with structure resistance, where the market is likely to reverse. 3:Negative divergence in RSI which is in overbought territory. I will looking for short opportunites on lower timeframes. My target will be 184.536.

AndrasCsufor

Range trading. Targets are mainly the resistance lines, and the stops are the supports.

AndrasCsufor

Everything is happening in a way like it is written in the Bible. The B point is between (x-A) FibRetracement 0.382 and 0.618 The C point is bigger than (x-A) FibExtension 1.27 but it does't touch 1.414. Everything is perfect. I'm waiting for comletion point which is (x-C) FibRetracement 0.786. Long: 1.48225 Stop Loss: Under X with as much as ATR will show at the...

AndrasCsufor

Sell: 1.10386 Stop Loss: 1.12122 Target1-Support1: 1.08459 Target2-Support2: 1.07172

AndrasCsufor

Enormous rr ratio.

AndrasCsufor

Short.

AndrasCsufor

If it completes i will open a long position at 98.645. I will put my stop under point X with as much as ATR shows at the entry candle. Target 1: 99.011 Target 2: 99.350

AndrasCsufor

ABCD pattern confluence, with FIB EXT 1,618 and if you look left it is also a support level, so we have a big chance to go long here.

AndrasCsufor

If it comes down and completes at point D it would be a perfect Cypher pattern. Entry: POINT D Stop Loss: Under point X with as much as ATR shows at the entry candle. Target: Point C

AndrasCsufor

The last lower high was broken in the short trend. I expect that the price will test back to the zone, that I appointed with the red rectangle. Here I would sell the market, but only if RSI is in overbought position.

AndrasCsufor

If the pair tests back the Fib Retracement 0.5 where we can find the previous structure and swing lows, we can short the pair with 1.96 RR ratio. The only criteria is that the RSI must be in overbought position, so somewhere higher than 70%.