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618 Fibonacci Retracement

EURUSD Short - Multiple Resistance Level @ 1.14Since EURUSD has broken below a 3-month low at1.13, the price has retraced significantly, but with little sign of reversal. A retracement channel has been formed for the past 4 days and the price is about to reach a psychological level at 1.14. The level at 1.14 is a combination of not just a psychological number, but also an important supply zone combined with 618 retracement level, as well as the top of a falling channel. Since 1.13 was broken, the gateway to further depreciation is wide opened, thus I assume that 1.14 would be a very good level to short with a high reward-risk ratio.
Short
by AlgoVenture
USD/CAD Long Setup If structure holds this pair should bounce back from its bullish trend line since the start of last month, and with added confluence of the 61.8 fibonacci level, we should have seen the end of this downwards correction. The bearish momentum of USD/CAD has been overturned since coming out the daily parallel channel and subsequently this pair has been forming higher highs and higher lows. This setup has a 70 pip stop due to NFP today and therefore should be sufficient to ride the "noise" however a clear break of this trend line will invalidate this structure, suggesting USD/CAD has entered a bear market. The setup has a potential of gaining 165 pips with a risk/reward of just over 2.3, which gives it good value to enter.
Long
by Shivam_93
EURUSD 4hr supply, ab=cd,0.618, and 1.15 fig short opportunity Dollar is having some nice pullback here, which provides potential sell-high trading opportunities! Here we got this 4hr supply zone, AB=CD , 0.618 fib retracement combination short with a 1.1500 fig spot. So many convictions to take this trade! As a with-trend trader as always, I still would like to wait for reversal sign there to be the final trading signal rather than put a sell limit there; This trade would be even better if it can break the 1.1500 fig first and give a reversal sign, that would be the trade yo! Let's see how it goes!
Short
by Trader_Joe_Lee
5
$TRX #TRXZ18 - Quick Bitmex TA - Day Trader ExplainsHello Lads and Ladies, Bitmex TA nr4 TRX is looking pretty good. It broke all levels it needed to break. Sitting at 380, also 61.8% retracement. Lets close 2h at or above 380 and it will go mooning again. It is not a sell or sell off but simply people taking profits and then dumping a little to get a nice entry :P As I am not guilty of that and don't have torn.. You can buy some and take profits on the way to 400. Most likely 400 will break and we will spike to 414 again.. be ready.. The steps are.. pump near resistance, take profits because it was able to pump that high, now dump to reload, then pump again, liquidate resistance and stops at that point cheers TJ
TLong
by KongTrading
1
Market recapWell VIX watchers...the week ending November 2nd, 2018. The Cboe VIX has dropped 20% from weeks high on Tuesday and a near bottom buyers market. Based on Fibonacci retracement we're below 0.500 retracement nearing 0.618. When we hit 0.786 retracement next week, or below 15 we'll start to see some sell offs taking profits. We've tested the low, but is there another round of testing from big money shaking out more after the VIX profit grab. Some expect yes, but not for another 3-4 weeks, which could drive things to a new low for 2018. So watch your 4h VIX and stay tuned if you want to buy more on next likely dip. How about Alex Cora and the Red Sox, reminds me of the Troy Brown New England Patriots. Team sports back in Boston. Interested in Vanadium battery stocks, so what do you ghat? Oh, sorry. Forgot this is crypto-forex channel. Signing out, happy Friday @pokethebear. Energous IPO coming up. Let's hear about what you forgot to buy cheap next week and nice thing about crypto-forex.
CBOE:VIXShort
by Pokethebear