Price has pulled back to a key level to the downside. The D extension on the monthly has not yet been hit. Long term I am bearish on this pair. Should price continue to ~.8710X, price would be at a key level to the upside, the 61.8 fib level.
Price hit D extension to the downside. I believe we are going to see a pullback atleast to the 38.2 but would love to see a deeper retracement to the 61.8. There is a short term buy opportunity for a longer term sell.
Price has hit a D extension to the downside. Anticipating a retracement to the 4 hour level of past support, for continuation to the downside.
We've hit a 61.8 D extension to the downside on the lower timeframe. Looking for a pullback, structurally that looks to appear around 155. When price retests this resistance and I receive confirmation for an entry, I'll be looking for sells.
GBPCAD has reached a monthly low and a D extension. It appears as though price may have found support. If this is the case, I would like to see a correction to the 61.8 level of the down move. This would present a buy opportunity of roughly 450-600 pips. Price could react at the 38.2 which is why I have given a potential profit range.
It appears as though price has hit a D extension to the upside. Looking at a retracement potentially to the 38.2 or the 61.8 before we see a continuation to the upside.
Price hit a D extension to the downside off of a shallow retracement to the upside and stalled out at the 1.18 and 1.27 D extension. I believe there is a possibility for long-term price to travel to the daily 61.8 fib level before a continuation to the downside. I think we will see a short-term buy opportunity to 1.17500 first and if it breaks, there may be...
On the monthly we are still in a current fib sequence. There was a shallow retracement to the 23.6 and price stalled at the 1.27 D extension. Typically, we could see a deeper retracement atleast to the monthly 38.2. If price holds resistance and swing high is formed at current 61.8 retracement level on down fib, I believe we could see price drop another ~615...
Price hit 61.8 D extension to the upside for current up fib. Price is retracing current leg. Hit .27 D extension to the downside on shallow 23.6 retracement on 4 hour. Anticipating short move up to the 38.2 or 61.8 fib retracement level to travel to matching D extension.
Hey hey. My name is Kaci. In this video, I complete a top down analysis of AUDCAD. I take a bird's eye view of the longer term move in the market. In this video, I use fibonacci retracement and extension tool to help me determine my bias. Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2,...
Long term sell setup. I have a video posted in my published ideas that may provide more insight into my analysis.
Price retraced to 23.6 on daily and stalled out at matching D extension, looking for potential deeper retracement. Retracement to 61.8 could be head and shoulders with daily 38.2 pullback. Looking for bullish break of TL on lower TF.
Moving for long term or ~160 pip buy to continue downtrend? Price reacted off of daily 61.8 fib level. Should this price hold and price break past the last swing high, I think we may be seeing a long term reversal for the next 1,050 or so pips to the match D 61.8 extension. Or this could be a pullback for a deeper retracement off of the lower TF shallow...
It looks like this pair is finishing out it's corrective ABC structure. Price has broken through an uptrendline and looks to be testing the backside of it. Using the fib tool, for the short term, I'd be looking for price to travel to the beginning of the uptrend. Long term, the matching extension is 1.0300. Entering a market order for a sell.
Hi. I'm looking at GBPCAD for a potential buy entry. Elliott wave is always an interesting feat, lol. I attempted to count the waves that have formed and believe we are in an ABC correction right now. It looks like price has hit the D -0.27 extension on the sell. Now waiting to see if we will get a deeper retracement or if price will start to move up. If my...
Looking at a short on this pair to the D 61.8 extension.
Never traded stock. First go round at analyzing a chart. Based on the technicals, I see a rise so that price can reach the D extension and then a potential retracement to the first level of support. Price could retrace past that point. What are your thoughts?
I can see price having the potential to travel to 130.40. I'm waiting for a retest before I enter for the sell.