Month: November 2021

AUDNZD, H4 | Bearish Continuation

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

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XAUUSD, H4 | Bullish Momentum!

Preference: Prices is on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 1782.659 which is an area of Fibonacci confluences towards our 1st resistance at 1811.937 in line with 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, prices may dip towards our 1st support at 1771.62 in …

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BTCUSD, H4 | Bearish Continuation

Preference: Price is reacting in between the descending channel, signifying overall bearish momentum. We can expect price to drop from pivot level in line with 78.6% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 78.6% Fibonacci projection and overall graphical support. Alternative Scenario: Alternatively, price could push upwards to the 1st …

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XRPUSD, H4 | Bearish Momentum!

Preference: Prices are on bearish momentum and consolidating in a parallel channel. We see potential for a dip from our Pivot at 23.6%, 50% and 127.2% Fibonacci extension towards our 1st support at 0.88 in line with 61.8% Fibonacci extension. Alternative Scenario: Alternatively, prices might climb higher towards our 1st resistance at 1.03 in line …

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USDJPY, H4 | Potential for Bounce!

Preference: Prices have recently experienced and extreme dip and are currently testing our Pivot at 113.685 which is a graphical overlap and in line with 23.6% Fibonacci retracement. We see potential for upside towards our 1st resistance at 114.286 in line with 61.8% Fibonacci extension and 50% Fibonacci retracement. Alternative Scenario: Alternatively, prices might dip …

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DJI, H4 | Short Pullback

Preference: Prices are potentially consolidating in a inverse head-and-shoulders. We see potential for a short pullback from our Pivot at 35899.74 in line with 127.2% Fibonacci extension, 78.6% and 50% Fibonacci retracement towards our 1st support at 35778.15 in line with 38.2% and 38.2% Fibonacci retracement. Alternative Scenario: Alternatively, prices may climb towards our 1st …

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