Trendlines and Divergence Strategies - page 9
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Fibonaci Level
The previous move long from 1.1704 has retraced to a perfect 61.8 Fib level, a move lower is unlikely but possible.
Likely path tonght
This is the setup for the EUR/USD for tonight.
More as the day develops.
current update
British Pound is weak in crosses today. We still short on GBPUSD as it remains in bearish 5034 setup 4H TF.
I prefer to close EURUSD as the market is thin and our entry doesn't have much capacity. Part of profit is missed however...
Close USDCHF as well since swissy is traditionaly strong in Christmas.
Still long on USDNOK as the oil remains under pressure.
Cable looks negative
Support 1.7483 pivot
1.7468 (DeMark)
1.7426 (50% Fibo November 28 - December 14)
Long Entry-EURUSD
I will be looking to make a BUY around the 1.1840 area.
Twist
Interesting continuation of , prefer to watch for a while.
Fibo 38.2 on cable
Fibo 38.2 (October 2001 - December 2004) looming up again
Loonie can be a toy
Watch this pair. Quite often big guys love to entertain themselves by putting some fear on $ bulls.
Long Euro
Finally found area to make entry long. Odd time but... @ 1.1815
Finally found area to make entry long. Odd time but... @ 1.1815
Look at the image: this indicator had S&R level in the morning already without any chanhing. It is writen in the comments of the code: "Pivot и Res/Supp were based on Fibonacci Trader Manazine Issue 6".