This is what I meant. Hopefully there will be new setups soon to resume the main trend. For now I would like to see strong rejection from those levels on all pairs and by that I mean reversal candles 4 hrs or daily or any other candlestick patterns ...

EURUSD

This is 50% Daily chart too, euro likes this level. Nothing wrong in shorting it until it breaks.

EURUSD

ABCD complete 200% CD, about to break this level, extension 2.618 at 1.2790 + Monthly pivot. This 50% daily chart.

EURUSD

image EURUSD 1.2680 proven a good level to short against, on BO if it happens I am looking at this. Probable destination 1.2720, 1.618 Ext 1 hr chart and very close to .447 Ret 4 Hrs from 1.30 to 1.25 + 1.13 Ext from last swing. (wash and rinse)

EURUSD

EURUSD On the way down I will look at 1.2575, now it's .618 Ret 4 Hrs + Weekly pivot to assess whether price really has intentions of taking previous lows, also important is .786 Ret at 1.2542. This is last hope for bulls to turn price back up.

EURUSD

Last 3 drops were: 1-.447 Ret 4 Hrs 2-.447 Ret 4 Hrs 3- .382 Ret 4 Hrs Price has just retraced .447 on the 4 hrs chart at 1.2680. I expect it to go down from here. Any moves above that and I will be out. After that will probably wait for monthly ...

EURUSD

There are many, but this one is just the target for ABCD 5 mins chart

EURUSD

1.2680 in a few minutes.

EURUSD

At the moment price is at Extension 2.228 it could reach 2.618 15 Mins chart and that would be confluence with 61.8 Retrace on the 1 Hour chart. Whether it's going to work or not I have no idea, what I know is that I will risk very little.

EURUSD

Meanwhile on the 15 Mins chart price has completed ABCD but 1.618 was broken, could go to 2.618 and that would line up with 61.8 hour chart.

EURUSD

That is an ABCD, the most important part imo is that you see rejection at any of those levels, pin bar, bearish engulfing + divergence or pivots, anything to add further confluence and higher probability to your trade. Some others enter short and ...

EURUSD

No. First is .447 (broken) and then 50%. After that .618 + Daily R1 and then .786 + Weekly R1.

EURUSD

EURUSD Two levels I am looking at. 1.2576 38.2 Ret + Weekly pivot 1.2652 78.6 Ret + WR1 both 4 hrs chart. After rejection.

EURUSD

With this one you can do your own calculations, I can give you the formulas as well. And, no, 61.8 Extension is not the same as 1.618 extension. I am not expecting you to say that you were ignorant and now you have learned something new. url

EURUSD

Check that, and let's just leave it then. url

EURUSD

I wasn't waiting for that to enter a trade!! lool That is just to find new targets. I wanted you to check the extension not the pattern.

EURUSD

No problem. Check this one. That is a minor 61.8 Extension of a major ABCD Monthly chart, to calculate it you need a triangle (ABC) and extension tool. url

EURUSD

I won't confuse it anymore. lol Those levels are the same on my chart, the 1.618 is 1.618. The only difference and why we couldn't understand each other is the construction of the swings. The other confusion was the 61.8 minor extension of ABC... ...

EURUSD

There is nothing wrong but imo price has already created a new swing and that is the one I will be using. Check here if you would like:

EURUSD

Read my last post. And yes I can prove that prices ALWAYS turn at Fib levels no matter what you say. Even better, I invite you to give me an example where this didn't happen and I will just zip it. Saying that 61.8 is not an extension already shows ...

EURUSD