EURUSD Fibonacci Support Resistance Zones: EU as of Jun 17

업데이트됨

These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.

Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.

Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.

I will update as new zones are defined by upcoming Fibs.

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London Open.
Pushing into the zone below.
The pin bar to left shows previous support.
Will London boys do a stop run below and then go up?
Or is EU doomed for this session?
The behavior around this zone might provide clues, or not....

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So a bounce it is!
Fib drawn, watching.
Notice the .618 retrace lines up real nice with previous zone.
I wonder.....

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Moment of truth for EU.
Get past new 618 in existing zone?
Or retrace down and back down?

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Good job EU!
Maybe retest .618 and zone, then up some more?

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Wow, great job EU:

now maybe it will walk into my trap :)

EURUSD looking for bounce to short more: EU scalp idea

but its gotta get past 1.16184 to keep bulls on board I think.

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EU may have just completed a Fib-perfect 4 wave impulse up.
ABC retrace might bring about a retest of 1.16.
if that fails, she goin down!

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Darn it! I should have caught it sooner.
EU apparently working the .236 extensions, which to me is a sign of weak bull moves, given the .618 bounce for wave 2, it should have been working the 618's u
s3.amazonaws.com/tradingview/snapshots/3/33LTJWJK.png

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EU did pull back, and retested bottom of wave 4 at the 1.236.
Now is consolidating in the w3 top to w5 top range, very common occurrence.
I took small scalp short last night at 1.162, trailing stop was hit with a few pips profit.
Still waiting for a little higher to get a real short on!

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My current thoughts on EU.
It might be gaining strength.

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So much for the strength...

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Looks like some profit taking at Daily S2 pivot (light blue) and 5.618 extension.
My next zone is at 1.153 and happens to be the 6.618, so probably will go there.
Below that are a bunch of energy bands in the 1.1500 area, as would be expected.
I think 1.1500 will be tested, then I will look for a pennant/flag/wedge pattern around there to give a clue of next leg down.

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Decent little bounce just ahead of 6.618
The previous fibs in that zone providing some support.
But bulls are out of Pivots to rely on, if they lose the 6.618, then 1.15 looks imminent

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1 min chart, lol.
But always looking for the ''note''' being played

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Close up of the price action tonight.

All of these grey lines/zones are in original chart above, posted 2 days ago.
Notice the recognition of each band and line.

-
Same shot with NEW Fib extensions of today's move.

All of the new fib lines match previous zones.

IE:
This significant move was completely IN TUNE with the harmonics of this asset.

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And as expected, a significant bounce from the existing fib zone now reinforced with a new insert of energy.

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Another picture perfect jump from one zone to another.

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Close up of a zone for my own study,

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Tonight's move scooped up a bunch of limits sells for me.
Stops moved to BE. Hoping for good ride down to all three targets given the less than bullish behavior of this bounce.