ALMOST TOUCHED .618 LEVEL SOON WILL BE CONFIRMED AFTER REACHING OUR TARGET PROFIT WILL BE LOOKING FOR A BEARISH MOVE
We see gold is in a down trend since few months. After the break of support at around 1301.00 - 1306.00 in the beginning of October we are now retracing back to that level. This is also 618 retracement. Price is now around 1304 and making a double top on the smaller timeframe. Also RSI is overbought . I'm selling gold with 3 TP targets. Let's see
618 trade with confluence of prior triangle trendline resistance coming in as support
Please see annotated chart for details.
broken corrective trend line indicates price actions to .618 retracement
There's not a great deal of analysis behind this trade, it's coming from a sort of double bottom, it's approximating the 0.618 retracement and it's way oversold in h1 and entering oversold territory on h4. Even if we merely get a dead cat bounce there, we should have time to move stops to breackeven. I've never seen a price not bounce even a little with an RSI...
There is a Bullish cypher pattern setting up on the AUD/USD 4hr Time frame, Price came very close to the pattern completion but turned around before the 78.6 completion level, my expectation is for price to retrace to the 61.8 of the previous move which should provide a decent shorting opportunity to ride the market all the way down to the Cypher Pattern...
I'm looking for price to fill the Gap. There is a 1.618 fib ext and a .618 fib retracement right around Fridays close. I want to get short around 1.3659, stops should go at least above the structure high around 1.3790, you could go higher or lower depending on your trading plan. I would look to take profits back to the swing low 1.3205. There is also a bearish...
Buy FX:AUDUSD Back Side of the Trend Line Kings Crown Formation/ Possible Reversal Previous Resistance becomes current support Price Retraced from .618 Pivot Point Price Broke above consolidation and previous resistance Right now retesting the break IF SUPPORT (GREEN BOX), AND THERE IS BULLISH CANDLE STICK FORMATION AND PRICE MOVES ABOVE COUNTER TRENDLINE (...
Buy price goes above counter trend line with Bullish Candle Stick Formation Price above up trend line Previously price break out above counter 88 Pips and 66 Pips Fib .618 Retracement I WILL NOT BUY IF PRICE DOES NOT CLOSE ABOVE 3RD COUNTER TREND LINE BREAK TODAY!! MY STOP WILL BE 10 PIPS BELOW BULLISH CANDLE STICK FORMATION TARGET WILL BE 5 PIP BELOW 1.272 FIB...
We have had a Double top form on the most recent high so my view here is that we will start to see a retracement. Possible outcomes: We could have a simple retrace to the 618 area of teh most recent impulse leg and then see a futher rise up or A possibel Bullish Cypher is forming, we were jsut shy og the 1.27 area of the B to C leg so it could be classed...
Daily and hourly 618 retracements lining up with Bat and Cypher completion on the 15. Take the Cypher for a conservative entry, expect a retest of previous highs.
After the 2618 to the left of the chart has already produced a winning trade opportunity, this gartley pattern happens to complete exactly at the 618 retracement based off the second top.
Thoughout the last year we saw a constant bull market in the Bund. now it seems its finally time for a little bit of releave (also due to stronger indicies) we saw an impulse breakout recently violating trendlines of the recent upmove. after that we corrected upward in a slow fashion. now another impulse down become more and more likly after the hit of the 618...
I TOOK SOME GOOD PROFITS OUT OF THIS PAIR BY GOING LONG UP TO THE RESISTANCE LEVEL. I BELIEVE IT IS NOW TIME TO GO SHORT AND CONTINUE MAKING MONEY. I AM EXPECTING AT LEAST %50 RETRACEMENT.