Double Top - SELL down to 61.8% FIB Currently a rejection form the double top area.
SELL down to 61.8% FIB at roughly 0.8700.
618 Fibonacci Retracement
Berry Global Group at Key Fibonacci Level BERY started off the year well, but took a very bad hit following missed revenues and continued US-China trade war actions. BERY operates in the materials sectors, in particular, plastics, and the sector has been very vulnerable to the trade war. After the recent gap-down, BERY is now finding support at its 61.8% Fibonacci retracement level. I would continue to monitor this today and Tuesday, to see whether it bounces back from here or continues its downward plunge.
UsdJpy - This is what I love about TradingAfter Buying from Double Bottom (dated 17-May), now you can watch for Sell.
Reason to Sell
1) UsdYen = downtrend
2) 0618 Fibonacci retracement = potential reversal
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AUDUSD 618 trade AUDUSD 618 trade
around 0.70190 will be a good area to long
SL : 0.69840
TP : Follow arrow
Bitcoin broke rising wedge and pulled back to 0.618 level As the title said, short with these info:
SL: 5500
Entry: Around 5250
TP1: 4650
TP2: 4450
TP3: 4200
The downtrend of BTC could be continue if the 89-EMA broke down with momentum.
BITCOIN ELLIOT WAVE! BULLISH SOON. BTCUSDWE ARE FORMING AN ELLIOT WAVE ON BITCOIN
WE HAVE JUST HIT THE 61.8 MARK ON FIB LEVEL AND A RESISTANCE HAS BEEN SHOWN
WE HAVE BROKE THE BEARISH TRENDLINE THEREFORE I AM ONLY FOR BUY TRADES
I WILL WAIT FOR A PULLBACK AT THE NUMBER (4) LEVEL ON THE ELLIOT WAVE WHICH ACTS AS PREVIOUS RESISTANCE LEVEL, WHICH SHOULD TURN INTO A NEW SUPPORT LEVEL
FROM THE 4145.00 LEVEL I WOULD BE TAKING MY BUY TRADE
MY TP WILL THE 100% LEVEL ON FIB OR AROUND THE 6500 MARK
EURUSD Intra Day BuyEurUsd buy off trend, 61.8, and previous resistance turned to support. It also stuck in triangle and could present a swing sell or swing buy depending on the reaction to bearish trend line.
Genting Singapore 618 tradeThe main reason that cause Genting Singapore gapped down when open today is due to the increase of casino tax. Good news is government allows expansion of its business.
Suggest to look for opportunity to long
around 0.96 will be a good area to long
SL : 0.84
TP : Follow arrow
EURJPY Weekly outlookEURJPY will start next week bullish on its way up to the trend line in the 61.8 and 78.6 area. Here it will enter into a nice 200+ pip sell>
USOIL 2019 predictionUSOIL 2019 prediction
Price reacted nicely at Fibonacci 0.618 level
and formed a Morning Star (reversal sign)
it could potentially move towards at least 63.70 this year
or it might even break 2018 high
Suggest to look for buying opportunity
as long it doesn't break below 26.03
SPX500 0.618 and inside 30 combination shortNot much to add, pretty much a BAU trade as it's already in weekly supply
Let's see how it goes!
USDCHF Sell - Supply Zone at 618 LevelUSDCHF diverges from the dollar during the euro session and continues to climb within a rising wedge when the dollar starts to fall again.
If we compare both dollar and USDCHF in the D1 chart, we will see that both are trading within an ascending triangle and that sellers are more in control then the buyers.
The dollar has already started to fall while USDCHF is seen completing its retracement and will soon reach a key supply zone at 618 level.
Wait for the price to pierce through the top of the rising wedge and look for strong signs of sellers.
GBPUSD MONEY SELL - HIT DAILY LEVEL AND SHOWING REJECTION
- OVERALL DESCENDING TRIANGLE WEDGE
- SHOWED SUPPORT AT MONTHLY LEVEL
- HIT FIB LEVEL 61.8% AND THEN SHOWED REJECTION ON THIS MARK
- BAT PATTERN FORMED!
- EMA CROSS OVER
- DOJI CANDLESTICKS FORMED AT TOP OF TREND LINE SUGGESTS TRENDS GETTING WEAKER AND GOOD OPPORTUNITY TO SELL
USDSGD AB=CD completedUSDSGD AB=CD completed
and pulled back to 0.618 level
around 1.35586 will be a good area to short
SL : 1.3580
TP : Follow arrow
EUR/CAD finally reaching key Correction levelOk, so this chart looks like quite the mess but hear me out. EUR/CAD had been following a clean WXY correction and it looks like it's about to reach the (A) Correction on the Y wave.
So there are 4 good reasons why the price is going to reach my (A) correction.
1. If you take a look at the red trend line, price has crossed over and it is going to use that red trend line as support and bounce off of it.
2. That blue price zone is a solid support level shown by previous price rejections.
3. Using the Fibs Extension tool from (W) to (X) gives you the .618 retracement. It is common for the (A) Correction on the (Y) Wave to retrace to that zone.
4. Taking those 3 reason, they all converge to the same price and time point giving you an excellent entry to go long.
The only resistance that could make this all go to shit is the white trend line which it looks like the price is already being rejected off of. You can see this all play out if price break below that white trend line.
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US DOLLAR INDEX BULLISH EL DOLAR A PESAR DE TODO SE SIGUE FORTALENCIENDO, Y SE VE REFLEJADA SU FUERZA SIEMPRE PRIMERO EN EL DXY
ASI QUE TENEMOS ESTE IMPULSO HACIA NIVEL DE FIBONACCI DE 61.8% UN TARGET MUY IMPORTANTE.
CONFIRMADO CON CRUCE DE MEDIAS MOVILES PODEMOS ENTRAR A ESTA OPERACION CON UN BAJO RIESGO DE 3-1
TRADE SET
GL HF
Gold Short on 0618 + ABCD ??Reason to Short
1) Up-trendline has been broken = start of downtrend
2) 1321 - 1326 = key resistance level
3) 61.8% fibonacci level
4) ABCD = potential reversal
AUDCHF 4hr demand zone as AUDUSD and USDCHF are both bullish.AUDUSD just broke its inside week and inside day, good enough to turn bullish;
USDCHF just retraced to its 0.618 and 1.0000 fig demand zone, which are also awesome.
Accordingly, I'll be interesting in taking some AUDCHF long to combine both ideas.
Here we got this 4hr demand zone off the 0.7100 fig.
Quite a good long entry for this idea yo!
Let's see how it goes!
USDJPY 618 tradeUSDJPY 618 trade
around 111.615 will be a good area to short
SL : 112.145
TP : Follow arrow
USD/CAD NEXT HIGHER HIGHUSD/CAD pair is on a uptrend & looks bullish in the next few weeks and is forming a new high high. Trendline and fibonacci 61.8 zone respected. Also head and shoulder pattern is formed and retested. Now is the right moment to enter long on this trade. Have a good trading week everyone!
GBPJPY 0.618 and inside 4hr combination long opportunity!GBPJPY just retraced to its 0.618 spot, and will probably give an inside 4hr.
I'll be interesting in the breakout long as a confirmation entry.
One bad part of this trade is it'll be fighting against the gap, but in terms of 0.618,
I usually don't really care that much about "how it get to the 0.618 spot".
So I'm still willing to take this trade yo!
Let's see how it goes!
USDCAD formed a bearish butterfly patternUSDCAD formed a bearish butterfly pattern
and touched 618 level
1.34370 will be a good area to short
SL : 1.3465
TP : Follow arrow
H&S Pattern - NIFTY SELLThere is a possible head and shoulders pattern forming on the NIFTY
We could see a pull back downwards the 61% FIB at 10900
Stop loss above the shoulder line.
