Novi_Fibonacci

Novi_Fibonacci

Here I have AUD/USD on the 1Hr Chart! Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators! 1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...

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Novi_Fibonacci

Hey everyone!! Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line" Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!! Please let me know what...

Novi_Fibonacci Updated 

Here I have USD/CHF on the Daily Chart! I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!! If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!

Novi_Fibonacci Updated 

Here I have USD/CAD! On the Daily Chart, we have Higher Highs into Higher Lows forming what looks to be a Rising Wedge! Now on the 4Hr Chart I have an underlying Support Zone that I suspect price to test and bounce up from to test the Bearish Break of the Rising Wedge and if it holds, could continue lower!!! Strengthening my Bearish Bias is the Daily RSI High's...

Novi_Fibonacci Updated 

Here I have DXY on the 4Hr Chart! After DXY's failed attempt to rise into the 105's we seen quite the Downslide! I believe we are witnessing a Correction Wave given that Point A was BROKEN after the failed attempt to go HIGHER AGAIN at Point B! NOW, with our LOWER LOW @ 102.358, we are seeing Price Retrace into our Fib'd Golden Zone @ ( 103.211 - 103.097...

Novi_Fibonacci

Here I have AUD/USD on the 4HR Chart! Last Week gave us a great Break of CONFIRMATION for this Correction Wave Setup! Price has already visited our Fib'd Retracement off of the Current HIGHER HIGH @ ( .65949 - .65838 ) and is holding nicely!! I believe price will continue with the trend and PUSH HIGHER to our Target Range @ ( .67238 - .67820 )

Novi_Fibonacci Updated 

Here I have AUD/JPY on the 4Hr and Daily Charts! Daily Chart- -We see Price outlining a Rising Wedge and with this the First inclination that we could see Price push down further is the Bearish Divergence shown as the HIGHS on the RSI indicator suggesting Bulls could be losing Power! -The High created on Feb. 23rd was followed by a STEEP decline in price!! Much...

Novi_Fibonacci Updated 

Here I have EUR/GBP on the 4 Hr Chart! On Feb. 26th, EG had made an IMPRESSIVE Double Bottom Pattern @ .85281 and has been stretching HIGHER! Zooming out to the Bigger Picture you can see there is an even STRONGER reversal pattern possibly at play getting ready to complete!! -The Inverted Head & Shoulders! With the NEW LOW @ .84981 on Feb. 14th, followed by...

Novi_Fibonacci Updated 

Here I have EUR/GBP on the 1 Hr Chart! Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!! This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of...

Novi_Fibonacci Updated 

Here I have EUR/JPY on the 1 Hr Chart! The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top! The mixed PMI results for USD seemed to ease Euros' decent BUT With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March",...

Novi_Fibonacci Updated 

Here I have the DXY on the 4 Hr Chart! After continued talk about "Higher Rates for Longer" being the leading case in when exactly Rate Cuts will be coming into play for the USD has really shown its reasoning with the HOT print for USD CPI y/y and m/m coming in 3.1% and .3% contrast to the forecasted 2.9% and .2%!! This Week: Feb. 18th 2024 - Feb. 23rd There...

Novi_Fibonacci Updated 

Here we have USD/CAD on the Daily Chart! Down on the 4Hr Chart, Price is Bouncing-Up off of the Rising Trendline I have on the chart but with each bounce, buyers seem to be losing strength! Zoom out to the Daily Chart, it looks like UCAD is in a bigger scale Consolidation with price right in the Middle Road! My bias on this pair is Bearish given that we are...

Novi_Fibonacci Updated 

Here I have AUD/USD on the 1Hr Chart! The current Low @ .64686 I believe is the start of a Elliot Correction Wave after seeing the 5th Wave of the Impulse wave previously! Price finally gave us a Break of the Falling Trendline and has worked its way up to our CONFIRMATION @ .65402! If price decides to take a trip down to our INVALIDATION @ .64803, this will...

Novi_Fibonacci Updated 

Here I have EUR/GBP on the 4Hr Chart! Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!! I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days! Now initially this looks like a potential Bear Flag to me with this...

Novi_Fibonacci

Here I have EUR/JPY on the 4Hr Chart! Ever Since the beginning of the sight of the Double Top Reversal Pattern on the Weekly Timeframe, Price for EJ has been slowly forming what looks to be a Bearish Channel! Now over the weekend of Jan. 19th - 21st, Price crested inside the Channel and made a strong decline signaling the Buying Power has waned allowing Bearish...

Novi_Fibonacci

Here I have USOIL on the 4Hr Chart! The beginning of this week seen what was a Fake-Out of the Bearish Break of this Bullish Channel! Now typically in this case, a Bullish Channel preceded by a Strong Downtrend move signals a Trend Continuation pattern in the potential form of a Bear Flag! With this possible trade idea, my expectation is that we look for a...

Novi_Fibonacci

Here I have GBP/USD on the 1 Hr Chart!! I've been tracking GU since its been navigating through this Consolidation and with the Negative News for USD today and possibly the rest of the week, I believe we are starting to see a Valid Break of this Falling Resistance to help push GU HIGHER!! I have entered a Sell Trade @ 1.2715 after it had come down, Tested the...

Novi_Fibonacci Updated 

Here I have USD/CHF on the 4 Hr Chart! After its failed attempt to break Higher at Point B, I believe we will be looking for price to Break Confirmation of the possible Correction Wave @ .86061 to continue Lower to possibly the .84950 - .84459 area! INVALIDATION is @ .86849