EURUSD Target for short positionsI'm using an inverted fib extension to find both ratio and structure confluence. This has been a very accurate form of technical analysis for me.
Fibinversion
USDJPY > Best Place for A Sell Trade!!Analysis on #USDJPY
Hello friends.
ABCD pattern might complete soon at structure resistance level, also trend line resistance.
if the price enter my zone at the structure level I will watch price action to get in a selling trader
if this setup delivered value to you, like and comment
Check today analysis below⠀
>>It’s not what we do once in a while that shapes our lives. It’s what we do consistently.
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
NZDJPY > Trading Plan for A Short Entry!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #NZDJPY
Hello friends.
here we have the market closed 0.7800 and the market now might keep going up to test the resistance level where I will be looking for a sell trade and hee is why.
If the market reaches resistance levels I will have.
1-FIB extension 141
2-FIB inversion 161
3-big number 79.00
When and if the market gets to this level I will be ready to look for a valid reason to enter the market with a good probability trade with good risk to reward
Safe trading everyone
Check today analysis below⠀
>> One trade must not make you, one trade must not break you
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
HIGH PROBABILITY FOR GOING SHORT ON EURUSDTHIS one is straight forward its a break of a support area and now it retraced and the supporter turned into a resister straight at the golden zone of Fibonacci retracement (61.8) and we are looking for a nice long sell
Trade Ideas Position: EURUSD BatA Fib inversion, ABCD pattern, Bearish Bat all line up within the 4-hourly sell zone for this trend continuation setup.
Trade Plan set up for me and will post to my subscribers.
Tomorrow at 18:08hr we are going Facebook Live and go through 12 chart over with Harmonic Patterns and Structure Trading. Like our facebook and join us there.
GBPJPY Fibonacci Inversion Trading SetupFibonacci inversion trading setup with 2:1 reward/risk.
If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg.
With regards,
Michail Sideris
GBPAUD Advance Pattern Trading ScenariosAs you can see in the chart there are potential trading setups in this pair.
If you are not familiar with the fibonacci inversion trading setup I will update later this Idea with an educational post.
As far market is trading below a significant level. Although technical analysis maybe justify a short position from that level. This is not part of my trading plan.
I will sit back and wait for a possible completion any of the patterns and for thr price action and RSI confirmation.
In that cause I will update.
WIth Regards,
Michail SIderis
USDCAD - Possible Long OpportunityIf we see price push down to the 618 area of the recent impulse leg up, this falls in the area of my Monthly key level which if rejected could see a move up to the weekly key level. We have the 1.414 of the fib inversion and the 1.27 of the fib extension lining up
Bullish Flag on the Daily GBPJPYHere are my Thoughts for the coming weeks.
Lots of good Fibonacci confluence, to many levels lining up to be ignored imo.
So to start we have some basic patterns forming
Bullish Flag, we have had out impulse leg up and come back to the 382 retracement which lines up with previous structure resistance which could turn support.
The flag could do a, a,b,c,d Harmonic move which does line up with the 1.618 of a fib extension. The 1.27 level of this extension also lines up with the 1.618 of the fib inversion.
looking at the weekly highs and doing some fib retracements we have a 618 and 786 also line up with the 1.618 and 1.27. This general area was a previous are of structure support.
We are also in the Oversold area RSI
Lost yet? for me lots of little bits lining up which is building a strong case to the upside
There are a couple of key levels In Blue which are going to be areas to watch if price moves up.
Of course it could retrace further to the downside.
Good luck and Trade Safe
EURJPY Outlook for the week 26/12/16Firstly Looking at the Weekly and Daily Charts we have come into an Area of resistance.
We have started to see a bit of a bearish move on the Daily, looking on the 4 hr we have a few levels lining up.
We have had a 618 retracement, looking at the Fib Extension of the first impulse leg down and the Fib Inversion of the pull back. The 1.27 and 1.414 levels all fall in an area of previous structure resistance on the Daily.
We have a possible Bear Cypher forming its C completion at the 121.10 level and the C to D leg of a cypher would see us back up to my weekly Key level.
Will watch on the lower time frames to see what happens and for possible entries
Fibonacci inversion setup!We have a potential Fibonacci inversion setup on UsdCad which will complete @ 1.29518. This setup is a fib ext. ran from the B point up to the A point. You are then looking to sell the 1.618 level. Target 1 is the .618 Fibonacci retracement with target 2 being a 1.272 fib extension of the entire move. This is a great setup for trending markets that put in a complex pull back/abc correction. If this setup falls into your plan, then keep your eyes on the UsdCad.
Good luck and Good trading!
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TOM
TAKE ADVANTAGE OF THE MARKET OVER EXTENSIONHi there,
Recently found this great trading opportunity in USD/CAD 1H, where Market is retracing after a good uptrend.
The idea is, that we're looking for a market over extension at a 1.618 Fib. Inversion, in expectation that we're gonna see a move back into trend after price reach that level. Which happen to be at the same area with an ABCD pattern completion and a support level looking left.
And just as I've told you in my previous update, ahead of The Fed Statement like now, when we can expect volatility to increase trade with beautiful R/R ratio like this is a really good way to approach the market. If you do this consistently guys, you'll see the positive result over the long run.
That's it for today guys. I hope this one is beneficial. God Bless.
Fedro
CTS Sell on the GBPJPYOn the yen we have a CTS type trade setting up wic can suit both aggressive as well as conservative traders.
CTS Score
Structure confirmed by the daily time frame in green. (2 points)
AB=CD harmonic move
Fib Ext 1.618, lining up with the AB=CD also linked with structure (3 points)
Fib inversion 1.618 lining up with structure (2 Points)
Entry
Aggressive- limit order sell at 164.41
conservative- wait for reversal setup such as a double tob, 2618 sell or pin bar reversal at the kill zone.
Stops
Above near term resistance
Targets
near term structure levels
Good Trading Guys
Setup of the DayThis is something new that I am trying. Each day I will try to find an excellent risk reward opportunity trade and put it out for everyone. This is definitely one of those potential trades. NZD/JPY has a fib inversion trade setting up with a phenomenal risk reward. You got 3:1 on target #1 and 4:1 on target #2. Entries at 76.69's with stops above the structure on the left. If this trade setup is in your plan, then keep your eye on it.
Trend continuation style . using some Fibs and ABCTrend continuation style . using some Fibonacci extensions and inversion combined with ABC pattern ,
USDJPY Bearish Trend Continuation Trade & GartleyUSDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies.
Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box).
This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10.
Entry - I will use the Gartley Pattern to enter this trade aggressively.
Stops - 1 ATR above last Swing High
Target #1 - Retest of Previous Structure Lows
Target #2 - 1.27% Fib Extension of the last down leg
fibonacci inversion setupgot a nice potential Fibonacci inversion setup with an ABC correction. Great risk reward on both target 1 and target 2. This setup has been working great over these last few days and it looks like its presenting another nice setup.
GBPUSD 60min Bearish Trend Continuation Trade (TCT)GBPUSD has been in a heavy downtrend. I'm looking to sell ALL rallies until this trend is broken.
As price pushes up into my sell zone I will be looking for Advanced Patterns, Harmonics, etc to help find a good entry.
Stops - 1 ATR Above last Swing High
Target #1 - Retest of Lows
Target #2 - 1.27 Fib Ext of last leg down
AUDUSD 60min Bearish Trend Continuation Trade (TCT)AUDUSD is in a downtrend on the Higher Time Frame. After missing the Bat pattern yesterday I'm still looking to get short on this pair. We also have a Fib Inversion lining up in the sell zone.
Target #1 - Retest of Lows
Target #2 - 1.27 Fib Ext of last leg
Stops - 1 ATR above Previous Swing High
