All analysis according to the 15M Chart Oversold early and it's losing strength according to the RSI. The pre market resistance turned support level is now at the 618 fib level. It makes sense to short at this moment of the day. Add a MACD and it the momentum is coming to the 0 level after crosing for updward momentum to downward momentum to 0. Seems like it...
We've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady...
Spotted this potential bull pennant forming on the weekly chart. Timing is everything and timing a market is extremely difficult, however based on the pattern I believe it could breakout sometime in Q4 of 2020. -> 1.618 extension lines up with measured move (at approximated breakout point) -> Lots of buy volume at pennant support line so far -> Patterns like...
broken out of descending triangle, now retesting, perfect Fibonacci golden retracement!! Always #DYOR I AM NOT FINACIAL ADVISOR 🖖 🖖 🖖 🖖
I'm expecting the Dollar index to bounce from 200-800 MA's on 1 hour time frame. Considering am in AUDNZD sell and see Gold as a sell scalp, I will look to scalp AUDUSD from the .618 to the 200MA on 1hr. Then when DXY hits the 800MA I will probably be getting back in NZDUSD buy.
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
Hate to say it but lines up nicely. Would be incredible if this plays out haha ;)
Hello guys, this is an idea of position you could take if you want = LONG ONE ! nice ABCD pattern 0.382/2.618 with the same distance ! on the H1 chart we can se that the price is rejected = waiting for the PRZ get tested ! Nice risk reward ratio ! have a nice trade !!
Hello guys, im actually expecting a bullish move today for the USD JPY wich is very strong this Week ! we have a beautiful pull&back on the H1 chart ! Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558) For me no signal for a changing trend ! D1 chart...
Hello, im still in the game with my open long position. tonight the price was Under the 61.8 fibo and this Morning the price rebound on it perfetcly ! we can see that on the H1 chart and also a nice rejection on H4 chart ! i hope it will reach 107.830 minimum ! have a nice day and trade
After all => the trend is still bullish ! We can see that price is above the 61.8 fibo nice re-test of the 61.8 fibo ! still long !
Help us Elon Musk, you're our only hope! With it's crazy run up in Jan, it was only natural that a violent pull back would follow. The most recent resistance levels just happens to be the 618 fib retracement when pulled from the beginning. I believe it's only gonna get worst before it gets better. As a long term bull on TSLA, I see this as great buying opps so...
4hours chart double top confirmed Then wait for pull back to 618 fibo level and combine the supply zone to short good luck ! Entry: 10209 SL: 10500 TP1: 9740 TP2: 9530
EURNZD is current at a resistance zone at psychological level 1.71000. This zone is confluent with the 61.8%. Entering short a at 1.71000 with TP 1 @ 1.70000 & TP 2 @ 1.69000. I am not a financial advisor. This is not financial advise. This is for educational purposes only.
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
The majority of traders are caught up in bearish and fearful sentiment. Could this be the key reversal point of a HTF bullish upswing for Bitcoin/USD? Exciting times.
Aussie is at a monthly key level that I'm watching, THe market was very nonvolatile last week with thanksgiving in theUnited States. Keep in mine, for last week NZD/US moved a right back towards anyone spending all of their time trying to enter. By being dynamic traders we can not only adapt to but ahead of the market at all times.