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XLM/USD - THE BEST IS YET TO COMEIn this chart we can see that XLM is kissing the .30 USD support price which coincides with a 61.8% FIB retracement. However, it is likely that the next FIB level of 78.6% will be tested @ .20 cents - If this price is hit, it will "more-or-less" coincide with the 240- MA. If this asset can remain above where it is now, at the crucial psychological level of .30 USD, it will pick up steam going into Q2 2018. If not, it'll fall to it's previous support of 20 cents and then begin its upward, impulse rally unless the market isn't done correcting, in which case we would have to re-evaluate this analysis. As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts.
BITTREX:XLMUSD
by ZpaceBuddha
2
AUDUSD Potential Bullish Bat PatternAs the bears begin to push the Aussie down, we notice the likes of a bullish bat pattern forming. A clear impulse leg (X-A) bouncing off .7962's, is immediately followed by a 60% retracement of the (A-B) leg. The (B-C) leg then retraces 79% of the (A-B) leg and is fended off at .7943's. Currently we are watching price proceed down and are eyeing the potential completion of our (C-D) leg's 88.6% retracement around the .72850 price range, which coincides with previous notable structure.
Long
by jmendozafx
NZD/HKD potential double bottom formation?There seems to be a possible double bottom formation occurring around the 5.35 area. The first V sectioned of the market shows a reversal upwards and the next V section shows even more upward momentum. I'm hopefully waiting for it to hit the 5.35 area so I can buy it and go long and I will take another trade straight after the first one takes profit cause of the strong upward trend. Stop loss is small yet effective and take profit levels are looking very realistic at the moment. But yeah thanks guys and I'll carry one with another one next time.
Long
by chiefcapitalfx
GBPJPY 4H 2 Gartley Potential Patterns Long & Short !Hello Traders, Check out 2 Gartley advance potential patterns on the GBPJPY 4H chart, one with a bearish opportunity and the other with a bullish opportunity. Risk/reward profiles are good in both case. In this case, you can place limit orders in both directions and wait and see. If one hits, you can cancel the other order. If you want to be really aggressive, you can even leave both orders on and if one hits, wait for the second one to hit in the opposite direction. Targets at 382 and 618 retracements. Good luck in the markets ! Leitmotiv
by leitmotiv
GBPUSD Gartley 4H Opportunity LONG & SHORT !Hello Traders, Check out 2 Gartley advance potential patterns on the GBPUSD 4H chart, one with a bearish opportunity and the other with a bullish opportunity. Risk/reward profiles are good in both case. In this case, you can place limit orders in both directions and wait and see. If one hits, you can cancel the other order. If you want to be really aggressive, you can even leave both orders on and if one hits, wait for the second one to hit in the opposite direction. Targets at 382 and 618 retracements. Good luck in the markets ! Leitmotiv
by leitmotiv