As clearly as the chart is annotated: We could see a further decline in the £. but only time will tell and the scale of this could
Break out of the bearish flag to 0% fib then D1 extension
-Monthly Res holding with flat cloud resistance to boot -Possible pullback to fib level 38.2 and minor support level and TL touch imminent -Awaiting PA for long opportunity to trade to: 1.50 (Daily RES) 1.515 (Weekly RES) to give new highs
Hello Traders, After a while without posting on TV i thought i'd end the drought. Break and close below the inner trend line and a rejection of the 38.2 retracement completing the C leg of the fibonacci ABCD formation. D2 (-61.8) highly confluent with previous area of support and outer TL touch. there is a dent 1:3 RR on this trade. Happy Trading
£ vs $: We have this pair trading within a 2,500 pip monthly range with no real direction shown except sideways. However, this period of consolidation comes after a massive drop in the currency's value from 2007 to 2009 from 2.1 to 1.35. The 1.41 handle showing to be the most resilient support level with price reacting very vigorously every time it reaches this...
1. Monthly Timeframe: i) 2000 pip ranges ii) Monthly 1,300 round number rejection as well as kumo cloud res/rejection 2. Weekly Timeframe: i) Week of 19th & 26th Jan 2015 Cloud & 61.8 fib rejection & lower high ii) Strong Bearish Continuation price action iii) Price making Lower Highs and Lower Lows iv) Price failed to make new LL, current retracement into...
-Double Top off 38.2 fib confluent with Range resistance -200 EMA acting as res -Break of CTL & Neckline of Double top -Retest of 1.48 level and Price action to Short - Retest of 1.48 additional conf with DAILY TL
**incorrect chart placement**. This pair is putting in the HH & HL Fib ABCD awaiting confirmation of BC completion. FOMC could break this pair out of its daily ranges and give is a direction of possible target zones - Round number 1.4600 could be a possible area of completion of BC correction confluent with Inner TL bounce. -27 Ext & -61 ext confluent with...
This pair is putting in the HH & HL Fib ABCD awaiting confirmation of BC completion. FOMC could break this pair out of its daily ranges and give is a direction of possible target zones - Round number 1.4600 could be a possible area of completion of BC correction confluent with Inner TL bounce. -27 Ext & -61 ext confluent with historic supp and res levels back...
Just sat laying in wait on this one. No real execution set up until further notice
NEW PAIR TO THE WATCH-LIST: - Break retest of TL await PA for a short. - D1 ext in confluence with Channel Bottom Targets: 1) 0% Fib 2) -27 ext 3) -61 £ not looking too strong so of now. this looks like a decent set up for Monday.
EURO TO 1.07 EURO TO 1.07 EURO TO 1.07 Awaiting Entry on lower TF after NFP
This Pair was a result of a "chart-off"! Pair in a Bearish trend respecting daily TL -Fibonacci AB=CD with a double top off the 61.8 level -AB leg in Conf with -27 Ext 240 Breakdown: -CTL being respected (awaiting a break and re-test) -Break of the 0.75000 handle to take out previous HL (trend reversal) First targets of upon confirmation of the SHORT would...