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pedro319 replied Nov 11, 2014USDJPY On the 4 hrs price is bouncing off 1.27 extension and on the daily from 2.236 Ext of AB=CD, note that extension 2.618 on the same timeframe stands around 118 figure. If we get a reversal candle on daily retracement could be long however on ...
EURUSD
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pedro319 replied Nov 11, 2014There is good confluence there plus I will look for rejection first, you might be right.
EURUSD
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pedro319 replied Nov 11, 2014IMO the downside is not finished yet and most times EURUSD doesn't leave harmonic targets behind, the problem was, price completed 1.618 on the 4 hrs chart and only 1.414 on the daily, it's only logical to expect that level to be touched, now the ...
EURUSD
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pedro319 replied Nov 11, 2014EURUSD If we finish the job with the last highs there is high probability we will end up like this. All explained here: url
EURUSD
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pedro319 replied Nov 11, 2014GOLD should proceed also to 1208, any moves below today's lows means continuation down to 1083
EURUSD
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pedro319 replied Nov 11, 2014If we clear here then 1.2494 will be the next, after taking the last highs aiming for 1.2573.
EURUSD
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pedro319 replied Nov 11, 2014I expect some resistance at confluence 1 hr .618 + 1.618 at 1.2470-80 area, before that don't see anything else. If we pass, then weekly targets should be next.
EURUSD
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pedro319 replied Nov 10, 2014EURUSD Looking at possible harmonic formation 1 hr chart, if this low (.618) holds it could move to one of my targets for this retracement at 1.2560 area.
EURUSD
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pedro319 replied Nov 9, 2014GOLD Reaction to strong support very logical as suggested in previous research and now target for retracement could be 1208, .618 D1 last swing, on the 4 hrs there is an 1732 extension for confluence at WR2. Can't ignore the area between 1193 and ...
EURUSD
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pedro319 replied Nov 9, 2014EURUSD Weekly chart: We have broken below .786 Ret from 1.2046 to 1.4000. Daily chart: Bfly buy 1.27 extension was broken, price went to 1.414 ext at 1.2357, last extension at 1.2250 not touched yet. In general EURUSD doesn't leave harmonic targets ...
EURUSD
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pedro319 replied Nov 7, 2014USDCAD Retracement started off 1.27 Ext D1,+ MR1 area, I will wait for price 100 pips down at 0.5 + Monthly pivot for longs after rejection of 1.1240.
EURUSD
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pedro319 replied Nov 7, 2014It's nice to see price testing the WS1 from below, if those fibs were done I would join you but as part of my strategy I can't!
EURUSD
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pedro319 replied Nov 7, 2014It looks like it needs to go a bit higher to complete extensions.
EURUSD
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pedro319 replied Nov 7, 2014GOLD Price started retracement, I am looking into 1200 figure to build short position, will use 4 hrs chart and 1 hr for patterns and extensions that might coincide with that area, Ideally we could get ABCD or BFly Sell right at 50% D1 retracement + ...
EURUSD
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pedro319 replied Nov 7, 2014This is what I said to you yesterday, on the 4 hrs was 1.618 but on the D1 only 1.414 extension was reached and 1.618 is 1.2259. Anyway price doesn't break MS1 just like that. This looks like a bounce to be traded on the 4 hrs chart when retracement ...
EURUSD
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pedro319 replied Nov 7, 2014EURUSD 1.2415 should offer resistance, 23.6 Ret 4 hrs chart last swing + WS1 untested from below, 1.2424 daily pivot, any 4 hrs close above these levels would look bullish. On the 1 hr chart even 1.2406 could work for continuation. Price bouncing ...
EURUSD
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pedro319 replied Nov 6, 2014Let's say you add extension 1.732, 1.618 only becomes broken when price enters the 1.732. The same thing with retracements. The higher the timeframe, the larger each area comprised by the two Fibs is, in number of pips. Now, most time prices turn at ...
EURUSD
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pedro319 replied Nov 6, 2014You are using a 4 hrs chart right? Could work the only reason why I wasn't using that is retracement = 0.42 makes my life more difficult!
EURUSD