Mmm... 1.0496 -- 1.0505 is also a S/R zone on H4, repeatedly tested both sides.

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I agree with your views (23.6% of the whole move up was reached) and both channels (parallel and pitchfork) give such targets. Although we are still below the daily pivot (@1.0566ish). So PA at that level should be carefully assessed. Then if ...

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Hello Foxybunny! That would be a rising wedge, the solid lines both the height of the wedge from peak to trough and its projection from the break. Dotted lines are only to help see it is the same measure. Will post a link when back on the computer. ...

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Despite the pin bar, I would say both have about the same chances to occur first, depending on sunday open PA. image I favor a correction to the 23.6 level though, given the rise has been practically non-stop from the successive breaks. The strong ...

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Aussie doesn't respect much Pin Bars usually ... so it might try again to reach across the main weekly downtrend line. image However, the symmetrical triangle isn't yet mature IMO for a break of the ranging period (it is at about 60% completion - ...

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My views for next week: image

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That was an analysis chart where the only things "to be seen" at the moment were framed in yellow so not a very good example for the UDTL = upper down-trend line = called that way because it is indeed the upper line of a down-trend CHANNEL. When ...

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No it ain't hit yet. UDTL (weekly) is at about 1.0648/50 by now.

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Hmm... maybe on next flight. Bull seems tired as of now ... image (say hi to Tunera's green pilot!)

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This is for you then: video Oh and, BTW: You might share it with the Aussie if you wish.

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... contemplate the Earth at a safer distance?

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Friday's usually reverse the week's move ... if they don't, we're probably heading much higher next week.

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"Elastic" ... as in "furious whipsaw"?

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My views on the Aussie as of tonight — H4 break of a rising wedge with projection. Potential retest of the ascending line up to a 161.8 extension on previous swing high, before a fall to the projection level. image

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I also use Bollinger Bands for my original planned averaging down strategy, but in a different way, and which usually works on any TF from 5-second charts to the monthly. (It is a more conservative approach however I don't always respect the rules ...

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Hmm... I'd rather think that the 5,3,3 settings are more closely accurate on the 80/20 cross in regard to the 50 cross method? Here are my findings on the actual values on the daily chart for AUDUSD: for both, low is at 1.0166 50 cross ---> 50 fib ...

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Oh I see, so it is the FIRSTcross 80/20 down/up BEFORE the 50 then, I thought it was the opposite, lol. Thanks! Sure, you can pm me

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Indeed TI has a great response time (at least on demo) plus the charting is the best and most complete I have ever seen on a mobile application. They should add more brokers to their pool, though. Thanks for the answer!

FXCM Discussion

IMPORTANT NOTE: THE VALUES BELOW ARE TOTALLY RANDOM. THOSE ARE NOT ACTUAL VALUES OF THE AUDUSD NOR FIBSTOOL TARGETS. (just in case) This is a new version, multi-timeframe and with both 2/3 and 4/5 decimal pairs alternative sheets. I placed fake ...

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Re-posting an updated version of the Excel Fibstool sheet (only minor corrections). (I had forgotten to correct the formulas on the 14,3,3 and 5,3,3 output columns which were all referring to the 20,3,3 -- copy-paste and sleep deprivation -- ... ...

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