olayinka

olayinka

HERE WE CAN SEE THE M.A CROSS OVER TO THE DOWNSIDE + A DOUBLE TOP FORMATION AT THE 0.38 FIB. IF PRICE HAS A CLEAN BREAK + CLOSE BELOW THE C.T.L THEN TARGET 1 IS GOING TO BE AT A DAILY MID RANGE 0.687. TARGET 2 MAJOR WEEKLY SUPPORT WHICH IS IN CONFLUENCE WITH FIB D1= 0.673

olayinka

WE CAN SEE HIGHER LOWS HAS BEEN CREATED SIGNALLING AN UP TREND. WAITING FOR PRICE TO BREAK OUT OF C.T.L/ INSIDE BAR RANGE AND M.A CROSSOVER FOR ME TO GO LONG. NEW HIGHER HIGHS EXPECTED IN WHICH TARGET ONE IS IN CONFLUENCE WITH 0.5 RETRACEMENT ON THE WEEKLY FIB + FIB D1 = 0.748 AND TARGET 2 WHICH IS IN CONFLUENCE WITH FIB D2 + 0.61 RETRACEMENT ON THE WEEKLY FIB= 0.759

olayinka

PRICE WAS ON AN UP TREND ON THE WEEKLY BUT THEN HIT A MAJOR RESISTANCE IN WHICH WE SAW A DOUBLE TOP AT THE 1.21 LEVEL. IT HAS NOW BROKEN BOTH C.T.L'S AND COULD BE PUSHED DOWN AFTER THE DOUBLE TOP TO TARGET 1 AT 117.0 WHICH IS IN CONFLUENCE WITH THE INNER T.L AND TARGET 2 AT 116.0 WHICH CAN TOUCH THE MAIN OUTER T.L WHICH THAT IS ANOTHER CONFLUENCE AND COULD...

olayinka

ON THE WEEKLY TIMEFRAME PRICE HAS BEEN ON A DOWNTREND FOR A WHILE NOW. SEEMS PRICE HAS HIT A MAJOR SUPPORT AND HAS HAD A FEW RETRACEMENTS TO THE UPSIDE AT THE 0.32 FIB LEVEL BUT SPEAKING ABOUT THE HERE AND NOW SEEMS LIKE THE MAJOR T.L HAS BEEN BROKEN AND PRICE COULD HAVE A FURTHER RETRACEMENT TO THE UPSIDE.

olayinka

PRICE HAS BEEN ON AN UP TREND FOR SOME TIME NOW ON THE WEEKLY TIME FRAME. IT IS NOW IN A DOWNTREND (POSSIBLE SHORT TERM) AS SHOWN IN THE CHANNEL. IT IS NOW PRACTICALLY ON THE THIRD TOUCH OF THE TRENDLINE OR IT COULD BREAK OUT TO THE UPSIDE. SO AS ITS BEEN ON A UPTREND FOR A WHILE MY BIAS IS, ITS NOW RESTING AND MY DOWNSIDE TARGET OVERALL IS 1.68 WHICH IS IN...

olayinka

SO 2 DOUBLE TOPS HAVE FORMED. DOUBLE TOPS HAVE BEEN FORMED AT THE 0.3 FIB RETRACEMENT. OVERALL BIAS IS STILL A DOWNTREND. WITH FIRST TARGET AT 1.01.

olayinka

AS YOU CAN SEE THE CHANNEL IS IN LINE WITH FIB RETRACEMENT LEVELS IN WHICH I BELIEVE PRICE SHOULD COME BACK UP TO THE FIB 38 RETRACEMENT BEFORE MOVING DOWN TOWARDS MY TARGET. DETAILS ON CHART.

olayinka

AS YOU CAN SEE I HAVE QUIET A FEW CONFLUENCES LINED UP. IN WHICH THE OVERALL BIAS AND VISION IS QUIET BEAUTIFUL IF I DO SAY SO MYSELF SEEN AS ITS THE FIRST TIME IVE EVER ANALYSED THE PAIR. MOVING FORWARD 2 TREND LINES HAVE BEEN BROKING AND KEY LEVELS OF SUPPORT HAVE BEEN DRAWN ON WHICH ARE ALSO IN LINE WITH FIB EXT. OTHER CONFLUENCES AND DETAILS ON THE CHART ITSELF.

olayinka

TOP DOWN ANALYSIS. MONTHLY LEVELS WERE DRAWN ON. I SPOTTED MY OVERALL MONTHLY TREND HAD BEEN BROKEN TO THE DOWNSIDE, THEN CAME BACK FOR A RETEST BUT THEN BROKE THROUGH IN WHICH IT THEN HIT THE 0.61 FIB PUSHING PRICE BACK DOWN FOR THE CONTINUATION TO THE DOWNSIDE. CHART EXPLAINS THE REST. THANKS. GIVE ME A FOLLOW MORE CHARTS TO BE POSTED.