Month: October 2021

BTCUSD, H4 bearish continuation

Preference: Price abiding to a descending trendline signifying a bearish momentum. We can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards 1st Support in line with 61.8% Fibonacci projection and 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, price can push pass up towards the 1st resistance in line with …

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USDJPY, H4 potential for bounce!

Preference: Prices have recently broken out of our ascending trendline and have the potential to climb from our Pivot at 113.44 in line with 23.6% Fibonacci retracement and climb higher towards our 1st resistance at 114.202 which is an area of Fibonacci confluences. Alternative Scenario: Alternatively, prices might dip towards our 1st support at 112.978 …

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BTCUSD, H4 bearish continuation

Preference: In reference to yesterday’s analysis, Head and shoulders spotted at the top of the trend, signifying a bearish momentum. We can expect the price to drop from the pivot level at (current price) towards the 1st support in line with 50% Fibonacci retracement. Alternative Scenario: Alternatively, price could bounce up to the 1st resistance …

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USDJPY, H4 potential trend reversal

Preference: Price is abiding by an ascending trendline and has potential to dip from our Pivot at 114.188 in line with 61.8% Fibonacci retracement to our 1st support at 113.238 in line with 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, prices could climb higher towards our 1st resistance at 114.676 in line with 100% Fibonacci retracement.

USDJPY, H4 is on bearish momentum!

Preference: Price has been testing around our Pivot at 113.913 in line with 100% Fibonacci extension and bearish trendline, and has the potential to dip towards our 1st support at 113.207 in line with 61.8% Fibonacci extension and 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, prices may climb higher towards our 1st resistance at 114.201 in …

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USDJPY, H4 is potential for further dips.

Preference: USDJPY is on a bearish momentum. Prices have the potential to dip from our Pivot at 113.68 in line with 127.2% Fibonacci extension to our 1st support at 112.959 in line with 127.2% Fibonacci Extension and 200% Fibonacci Projection. Alternative Scenario: Alternatively, prices might climb to our 1st resistance at 113.935 in line with …

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