ErfanParvini

ErfanParvini

38.2 Fib of the long wave, trend line and channel support. Possibility for a move to the upside around the channel resistance level.

ErfanParvini

We have the completion of the Cypher right at the previous support and it is also the 61.8 retracement of the big wave on daily chart, could give us a good buying opportunity.

ErfanParvini

I think this is a pretty good area to get short, fib confluence at structure level gives us a good opportunity for a little trend continuation trade.

ErfanParvini

61.8 Fib lining up with structure and the harmonic move and this massive down trend gives us good shorting opportunity at 1.0873 level.

ErfanParvini

Pretty similar set up to the AUD/CAD trade I posted 2 weeks ago. We are finding some support, and we are right at the pattern completion, so I will at least expect a jump to the first targets around 1124.20

ErfanParvini

We are almost at our pattern completion around 0.75615 and we have a major structure level ahead as well. I believe the confluence of these and the fact which we are in a current down trend move gives us a good opportunity to short the market. Depending on your strategy you may choose to whether get involved right at the pattern completion, or at the structure...