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EUR/USD


Let's look at the chart here in the image (Weekly chart) , where i drawed the purple lines , we see that the price falled down (first line) wich created the first impulsion of this down move, then the price did a nice correction and hit the 61.8% Fib's level (second line) wich is a strong level for reversal and fall down again to do the seconde impulsion as shown in the image.
After the breakout, the price entered in range where i drawed the big rectangle , So let's see what happened there in …
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الترجمة الى الانجليزية اظهار الاصلي
fqtalix avatar
fqtalix 12 تشرين الاول


( 2H chart) ; so here we can see that the price has broken the 1.17970 as i mentioned in the analysis and go up to do a nice impulsion , there is a hight probability that the orice will do a correction and hit 61.8% Fib's expansion and retest the breakout  aprox 1.18017 ( same level ).
so here there is 2 entry for who want to benefit again ;
-place a buy limit at 1.18017
-buy at the breakout of the impulsion 1.18800

Look at the image i drawed an orange line where the first hight probability target wich is 1.19360 (127.2% fib's level of the implusion ) .

thank you.

fqtalix avatar
fqtalix 12 تشرين الاول

I will do updates  each interesting price movement .

fqtalix avatar
fqtalix 12 تشرين الاول


(4H chart) For more confidence about the hight probability target at 1.19360, look at this image we will se what happen few days ago . you can see an impulsion and correction drawed with yellow lines after a little range ( Red rectangle) the price has broken to form the second impulsion,(correction exeeded  61.8%Fib's retrac so we expect a week movement after breakout).
We can see the seconde implusion hit the 161.8% Fib's expancion level where i drawed the support level, that cofirm this level is hight prob for reversal.

fqtalix avatar
fqtalix 12 تشرين الاول

Resume: What is intresting about this is the 61.8% expasion level of the first impulsion is at the same Price of our hight probability target . The price pulled back for a correction after he hit the bottom of the range where i drawed the red ractangle , and the seconde impulsion will hit our 1.19360.

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GBP/USD


we got hight probability for buying the GBP/USD , as we see this pattern entering is at the break of 1.3457
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EUR/USD


We got here a hight probability that the price will rise up if he tested the range at 1.77810 or break 1.18320 to reach 1.1862 (50 % fib )
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