Month: December 2021

AUDUSD, H4 | Potential Bearish Drop

Preference: Price is reacting in an ascending channel, signifying bullish momentum. However, price is currently at a resistance, we can expect price to drop from pivot level in line with 127.2% Fibonacci projection and 127.2% Fibonacci Extension towards 1st Support in line with 50% Fibonacci retracement. Our short-term bearish bias is further supported by the …

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USDCAD, H4 | Bearish Dip

Preference: Price is trading in an ascending channel and near pivot level of 1.2846 which is also 38.2% Fibonacci retracement. Price can potentially go to the 1st resistance level of 1.29389 which is also 78.6% Fibonacci retracement and 78.6% Fibonacci projection Alternative Scenario: Price can potentially dip to the 1st support level of 1.28035 which …

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USDCHF, H4 | Bearish Continuation

Preference: On the H4 timeframe, price broke out of the ascending trendline support, signifying potential bearish momentum. We can expect price to drop from pivot level in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projection towards 1st Support in line with 127.2% Fibonacci extension and 100% Fibonacci projection. Our bearish bias is further supported …

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AUDCAD, H4 | Potential Bearish Drop

Preference: Price is abiding to a descending trendline resistance on the daily, signifying an overall bearish momentum. We can expect price to drop from pivot level in line with 50% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement and 100% Fibonacci projection. Our bearish bias is further supported by the RSI indicator …

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USDJPY, H4 | Bullish Momentum

  Preference: Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 114.890 in line with 161.8% Fibonacci extension and 161.8% Fibonacci retracement towards our 1st resistance at 115.468 in line with 200% Fibonacci projection and graphical swing high. Our bullish bias is …

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BTCUSD, H4 | Bullish Momentum

Preference: Price broke out of the descending trendline resistance signifying a bullish momentum. Price should push further up if it closes above the pivot level in line with 61.8% Fibonacci projection and push towards 1st Resistance in line with 100% Fibonacci projection and 127.2% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku …

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CHFJPY, H4 | Bullish Momentum!

  Preference: Prices are on bullish momentum. We see potential for a bounce from our Pivot at 123.916 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci retracement towards our 1st resistance at 124.777 in line with 161.8% Fibonacci extension and 200% Fibonacci projection. Prices are trading above our Ichimoku clouds, further supporting our bullish …

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