2-618
BTCUSD:Short AgainIt is a good opportunity to short BTCUSD and reasons are as follows:
1.the 0.618RET of previous decline is at 718 level;
2.the 1.618EXT of previous rise is at 715 level;
3.the potential AB=CD is completing at 716 level;
4.the previous structure also works at this zone.
So short positions could be opened at 712-718 levels when price action is good at the PRZ.
SL:above 725
TP1:700
TP2:690 and further more
COPPER:Short by the 0.618 and 1.618EXTThe market has soared in last three weeks and the price has entered a very important zone.
The 0.618 retracement of previous decline is at 2.56 level and 1.618EXT of previous rise is also at the same level.
Meanwhile a previous structure also works at this zone.
So it is good to sell short at 2.56-2.63 levels when bearish candles appear.
SL:above 2.63
TP1:2.30
TP2:2.08 and further more
USOIL:Buy at 0.618 RetracementThe market has broken though the starting point of last drop and the price is pulling back the 0.618 retracement.
Meanwhile the previous symmetrical low point also locates in this zone.
So it is good to buy long at 43.8-44.2 levels when bullish candles appear.
SL:below 43
TP1:46
TP2:47 and further more
AUDCHF:Potential Bearish Bat Pattern and 0.618 RetracementThe potential bearish bat pattern will complete at 0.756 level and the 1.618EXT of the AB is at the same level.
Meanwhile the 0.618 retracement of the previous decline locates at 0.756.
In addtion,the previous strcuture also works at this zone.
So it is good to sell at 0.756 level.
SL:above 0.758
TP1:0.750
TP2:0.744
BIDU:A Good Oppotunity to BuyThe upper edge of triangle has been broken through and the market has pulled back the breached down trendline. Meanwhile the market is retesting the 0.618 fibo retracement.
So it is a good opportunity to buy long at 167-172 levels.
SL:below 155
TP1:200
TP2:215
TP3:ultimate target 250
NGAS:A Good Opportunity to SellThe NGAS has pulled back the 0.618 retracement of the previous decline and the market will be likely to continue the down trend.
Meanwhile a pinbar appeared after the market hit the 0.618.
So it is good to sell short at 3.06-3.08 levels.
SL:above 3.20
Target:2.66 and further more
EURJPY:Potential AB=CD Pattern and the 0.618 RetracementA potential bearish AB=CD pattern will complete at about 114.5 levels and the 0.618 retracement of the previous decline is at 114.8 level.
Meanwhile the previous structure is also located in this zone.
So it is good to sell short at 114.5-115.0 levels when bearish candles appear.
SL:above 115.2
TP1:113.8
TP2:113.3 and further more
Watch out Sellers, Buyers Might Slap The Sh*t Out of You Price has broken out of a w-x-y-z, so a consolidation on a lower timeframe for a buy is a good idea. With this trading idea in mind, be prepared to be slapped if you are a seller. It doesn't mean the buyers can't be slapped either, it's just that there is high probability of price moving in their direction.
If you taking this trade, please use a strategy you have tested. Thank you for your support.
USDCAD TREND CONTINUATION TRADE (TRADE WALK THROUGH)HELLO TRADERZ! SO THIS MORNING I IDENTIFIED A FEW KEY PRICE LEVELS THAT I POINTED OUT TO MY GROUP OF TRADERZ FOR A SHORT OPPORTUNITY. WE WERE LOOKING FOR A RETRACT BACK UP INTO PREVIOUS SUPPORT WHICH NOW SHOULD BE RESISTANCE. CONFLUENCE WITH THE 61.8 AND AN OVER BOUGHT CONDITION ON THE RSI. LET'S SEE IF WE HIT OUR FIRST TARGET AT AROUND 1.30300s.
QIWI in a .618 down channel, long to 14 then short watch the 618 retrace level, when it bounces back to there, price drags down.
GBPUSD Daily a few Ideas We have had a Double top form on the most recent high so my view here is that we will start to see a retracement.
Possible outcomes:
We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up
or
A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed by some as invalid but this could see a drop down to the 786 area which was a area we previous found support and had a rise from
or
I could jsut be wrong and it sees a slight pull back before continuing upwards