Month: September 2021

GBPUSD, H4 is at pivot, potential for bounce

Preference: Price is approaching the pivot where we may potentially see a bounce towards 1st Resistance, in-line with 23.6% Fibonacci Retracement and 61.8% Fibonacci Extension Alternative Scenario: If price drops from the pivot, we may see it swing towards 1st Support, in-line with 161.8% Fibonacci Retracement and 127.2% Fibonacci Extension

USDCAD, H4 Bullish Pressure

  Preferred Case: Price is abiding the ascending trendline support on the daily timeframe showing a bullish momentum. We are expecting the price to push up towards the 1st Resistance in line with 100% Fibonacci projection and daily overlap resistance. Alternative Case: Alternatively, Price Can Push Down To 1st Support In Line With 23.6% Fibonacci …

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GBPUSD, H4 Reacting Above Pivot, Potential For Bounce

Preferred Case: Price is at the pivot where we may potentially see a bounce towards 1st resistance, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension Alternative Case: If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With 61.8% Fibonacci Retracement And 61.8% Fibonacci Extension

GBPUSD, H4 At Pivot and Potential For Bounce

Preferred Case: Price is approaching the pivot where we may potentially see a bounce towards 1st Resistance, in-line with 78.6% Fibonacci Retracement and 61.8% Fibonacci Extension. Alternative Case: If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With 78.6% Fibonacci Retracement And 78.6% Fibonacci Extension

EURUSD, H4 Approaching Pivot, Potential For A Bounce!

  Preferred Case: Price is approaching the pivot where we may potentially see a bounce towards 1st resistance, in-line with 50% Fibonacci retracement and 78.6% Fibonacci extension Alternative Case: If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With -27.2% Fibonacci Retracement And 78.6% Fibonacci Extension

EURUSD, H4 Approaching Pivot, Potential For Further Upside

Preferred Case: If price can close above the pivot, we could potentially see a bounce towards 1st resistance, in-line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension Alternative Case: If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With 50% Fibonacci Retracement And 78.6% Fibonacci Extension

EURUSD, H4 Testing Pivot, Potential For Bounce

  Preferred Case: Price is at the pivot where we may potentially see a bounce towards 1st Resistance, in-line with 38.2% Fibonacci Retracement and 61.8% Fibonacci Extension Alternative Case: If Price Drops From The Pivot, We May See It Swing Towards 1st Support, In-Line With 50% Fibonacci Retracement And 78.6% Fibonacci Extension

USDCHF, H4 Broke Out Of Consolidation, Bullish Momentum.

Preferred Case: Price is have finally broken out of consolidation, we can see that price broke out of the triangle pattern towards the upside. Price is expected to ride on the bullish momentum towards the 1st resistance in line with the 78.6% Fibonacci extension. Our bullish bias is also supported by the MACD indicator where the MACD line …

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