EURUSD LONG @ .618 pullback, golden ratioTaking a chance at this long since price broke hard and slammed into a wall. Be cautious with holding this one.
STRICTLY TECHNICAL
618
EZU nice ABC move with 3R potentialEZU nice ABC move with 3R potential
The Euro market is still hot.
and this ETF is near by buy zone. Just a little more pullback to Fib 618 and its go time.
GOLD: Almost at the 61.8% Fibonacci retracementHey traders,
On Gold we are slowly crawling upwards and we have almost reached the 61.8% Fibonacci retracement, which is already taking longer than the drop. Stop goes at the 78.6% and the target at the 23.6%.
Cheers
AUDUSD Short Good area of previous resistance, we have had a 0.618 fib and a few failed attempts to break this level.
I'm aiming for the 0.7800 level
2:1 rr
AUDUSD Possible Longs setting up 4hr chart So as you can see from the chart a lot of Fib confluence with the 618 and 1.618 lining up nicely.
looks to me we are almost done with a correction wave after a 5 wave pattern.
The 618 fib lines up with a daily level and could be a good area for a bounce, the 1.618 lines up with the Daily 618 fib which would also lead to a possible 2618 on the Daily time frame
lots going on, just watching
WARNING: IOTA IN A DANGEROUS AREAMoment of decision for IOTA, which entered these days at critical levels. Sustained in 0.618, we see that it lost a lot of volume. Of being the IOTA / USD pair in more than 20M to be at the time of publication of the chart with about 7M to pay attention and keep track of.
In the daily chart also we see that it is a very operated crypto. From a bullish candle to an instant profit taking, generating much volatility and doubts in moments where it should already be consolidating and demonstrate to people what they expect so much from this currency.
We will see how the exit of this zone is developed and solved.
Thanks for your time.
GBPJPY - Perfect entry for the swing trade61.8 rejection and supply zone. Perfect rejection of the trend line, wicks shows bearish pressure. Let's get these pips.
GBPUSD LONGas seen the 61.8 fib is very strong here with the pair previously bouncing off it numerous times on the daily charts. the fib also lines perfectly with the with weekly trendlines. waiting for a confirmation to go long.
EURAUD LONGentered the pair long here with a massive ping off the 618 fib to follow the trend, simple trade.
NZDJPY - ASCENDING TRIANGLEclear ascending triangle has formed with the pair at the 61.8 fib, i expect a strong move to the upside.....wait for confirmation as always before entering the trade
GBPUD longas seen the pair is dabbling on a strong daily resistance and also pigging off the 61.8 fib with low rsi. confident the pair will be going long, just got to wait for confirmation.
DXY: The 0.618RET and Supply Zone The market rose after FOMC's Interest rate decision and it is pulling back now.
The 0.618RET of previous rise is at 96.9 levels which is also a good support zone.
Meanwhile good Supply Zone works at 96.8-96.9 levels.
So it is good to buy at 96.8-96.9 levels when the price action gives signals in the PRZ.
SL: below 96.8
TP1: 97.4
TP2: 97.8
TP3: 98.8 and further more
XAUUSD: The 0.618RET and Bullish AB=CDThe market drops well but it will face strong support next.
The 0.618RET of previous rally is at 1245.3.
Meanwhile the bullish AB=CD will complete at 1244 level and the 1.618REXT of B-C is at 1246.2.
Additionally, the good Demand Zone also works at 1240-1245 levels.
So it is good to buy at 1240-1245 levels when the price enters and gives signals in the PRZ.
SL: below 1235
TP1: 1262
TP2: 1275
TP3: 1283 and further more
DXY: The 0.618RET and the Combined Bullish 1.272AB=CD PatternThe DXY has fallen from the beginning of this year,now it is half of this year, will it continue to drop or start to reverse?
The FOMC's Interest rate decision is coming soon,and it may trigger a great reaction to the market, especially to DXY .
The DXY may face a strong support now.
1.The 0.618RET of the previous rise from 91.9 to 103.8 is at 96.47 level;
2.The white 1.272AB=CD pattern will complete at 96.40 level and the 2.0REXT of B-C is at 96.22;
3.The green 1.272AB=CD pattern will complete at 96.27 level and the 2.618REXT of B-C is at 96.25;
4.The good Demand Zone is at 95.96-96.33 levels;
5.The RSI has been divergent already.
In summary, the 96 level is very important and the DXY may won't drop further after this FOMC's decision.
So it is good to buy at 95.96-96.33 levels when the price action gives signals in the PRZ.
SL: below 95.0
TP1: 99.0
TP2: 100
TP3: 103 and further more
If the market breaks out the 95 level, 93.5 even lower will be likely to be seen in future.
Let's wait and see where the market moves next.
AUDUSD: The 0.618RET and 1.618REXTThe 0.618RET of previous drop from 0.775 to 0.732 is at 0.758 level and the 1.618REXT of sub-drop from 0.751 to 0.737 is at 0.760 level.
Meanwhile 0.758-0.760 is also a fresh Supply Zone where also a good resistance.
So it is good to sell at 0.758-0.760 levels when price action gives signals in the PRZ.
SL: above 0.762
TP1: 0.746
TP2: 0.737 and further more
GBPCAD: The 0.618RET and the Bullish Libra PatternThe double bottom formed and the market is pulling back the 0.618RET where also a good Demand Zone locates.
Meanwhile the strong support also works at this zone.
Additionally, the bullish Libra Pattern is forming.
Maybe it is a long term buying opportunity.
So it is good to buy at 1.647-1.663 levels when the price enters and gives signals in the PRZ.
SL: below 1.617
TP1: 1.751
TP2: 1.803
TP3: 1.90 and further more
EURCAD: Sell at the Confluence of 0.618RET and 2.618REXTThe 0.618RET of prevous deciline is at about 1.522 and the 2.618REXT of previous drop is at 1.515.
Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance.
Additionally, the RSI has been divergent already.
So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ.
SL: above 1.533
TP1: 1.482
TP2: 1.460
TP3: 1.419 and further more
NZDUSD: The 0.618RET and the 1.618REXTThe market soared quickly in last month, and will it move further?
The strong resistance is not far.
The 0.618RET of previous decline from 0.748 to 0.681 is at about 0.723 level.
The 1.618REXT of previous decline from 0.705 to 0.681 is at about 0.720 level.
Meanwhile a good Supply Zone works at 0.720-0.723 levels.
Additionally, the RSI will be overbought if the price go higher a little.
So it is good to sell at 0.720-0.723 levels when price action gives signals in the PRZ.
SL: above 0.725
TP1: 0.708
TP2: 0.700
TP3: 0.690 and further more
GBPJPY: The 0.618RET and the Support ZoneThe market is moving along the downward channel, will it decline lower?
Maybe a good buying place is near.
The 0.618RET of previous rise is at 140.37 level.
Meanwhile the good support zone is at 140.3-140.8 levels which is also a fresh Demand Zone.
Additionally, the RSI has been divergent already.
So it is good to buy at 140.74-140.79 levels when price action gives signals in the PRZ.
SL: below 140
TP1: 142.6
TP2: 144.0
TP3: 146.1 and further more
GBPUSD: Sell at the 0.618RET and the Resistance ZoneThe market has breached the upward trendline, and also the starting point of last rise was broken out.
Now the price is pulling back, maybe a short-term top formed.
A good short place is at the 0.618RET which is also a srong resistance.
Meanwhile the Supple zone also works at the area.
So it is good to sell at 1.293-1.295 level when the price pulls the PRZ back again.
SL: above 1.300
TP1: 1.277
TP2: 1.267
TP3: 1.256 and further more
