Reasons for this trade: 1. It broke the trendline confirming a reversal for the downtrend 2. Its currently at a zone (78.6 - 88.6) 3. As long as it doesn't break the last high ( at the 100%) then this will be a nice bearish move
1. Big break of Trend to the downside 2. Currently retracing to our entry area 3. Look for short around the 50% area
1. This pair broke trend via the trend line break 2. It created both swing points to place the fibs in a down trend 3. Patiently wait for entry in the yellow zone 4. I see a nice flip zone at the black zone.( An area in the market where it was once support and resistance)
CHFJPY SELL Market Execution Also another entry at the weekly resistance its currently rejecting in my conviction zone on the smaller fibs (the grey top zone) if it breaks the lower grey zone, look for continuation for the drop or add another entry if you want to learn more on FIBONACCI dm me "FIBWORK" on IG: wynneinspired
EURUSD Market execution Buy Rejection in my buy zone (yellow area) More wicks rejections the 50% or 618% gives another confirmation to buy
ON THE 1HR TIMEFRAME PLACED FIBS FROM SWING LOW TO SWING HIGH WHICH GIVES THE BUY SETUP WAIT FOR ENTRY AT THE BLUE LINES WHICH IS YOUR ZONE TO BUY FOR CONTINUATION IT REJECTS OFF THE 618 PERFECTLY