Get started

Fib

GBP leads G-10 as Bailey highlights adverse effects of rates..The major beneficiary of the waning Buck as Cable retests 1.3600 from almost the big figure below at one stage, but the Pound has also rebounded in relation to the Euro from circa 0.9000 to 0.8950+ at best in wake of remarks from BoE Governor Bailey highlighting plenty of ‘issues’ on the controversial subject of NIRP, adding that it is too soon to determine whether the economy needs more stimulus. For the record, MPC member Broadbent steered clear of negative rates in a speech on the coronavirus and consumption. The simple long scenario would be waiting for this pair to squeeze up beyond 1.3600 on the hour and the hour descending trendline.
Long
by FTUKcom
2
Bitcoin volatility rangeGiven the growth that Bitcoin has seen in recent months, short-term corrections were also expected. Bitcoin is now in the resistance and emotional range indicated on the chart. Technically, broken resistance has been touched and a pattern The candlestick is composed of three ascending sticks. 40K resistance is very important and I suggest you wait. Of course, the long-term growth of bitcoin is very likely, and this analysis is for friends who expect volatility.
Long
by UnknownUnicorn9254641
Where Will The Bird Land?Where is TWTR going to land? Seemed to hold that 47.5 area incredibly well...lot of buyers coming in there to pick it up. But then we see the seller pressure come in around the early 49's. Ultimately I think we make our way back up to the 52-53 area this week, but I want to see a goo confirmation above 49.5 before I enter. Shorts if we break 45.5 but I don't see that happening unless we get more bad news. 10% seems to be a healthy enough correction for a company like Twitter. Please leave any comments or feedback below! I'm relatively new to charting.
NYSE:TWTRLong
by TraderDeacon
2
How to Properly Use the Fibonacci Retracement ToolI've recently come across a lot of posts where the fibonacci retracement tool was erroneously used, and this gave me a good idea for an educational post. Introduction: The Fibonacci Sequence - Before talking about fibonacci retracements, it's important to understand what fibonacci sequences are. - Fibonacci sequences are numbers that are equal to the sum of the preceding two numbers, starting with 0 and 1. - So a fibonacci sequence would look like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. - The fibonacci sequence is also known as nature's code, as these numbers are commonly found among nature as well. The number of petals of flowers is a prime example. The Fibonacci Ratio - The fibonacci ratio is derived by dividing the numbers within the fibonacci sequence - The 0.618 (61.8%) for instance, is approximately the value when we divide 21 by 34, and 55 by 89 - The 0.382 (38.2%) ratio is calculated by dividing a number by another number located two spots to the right. - The 0.236 (23.6%) is calculated by dividing a number by another one three spots to the right. - Just like the fibonacci sequence, fibonacci ratios are commonly found in nature as well, through flowers, galaxy formations, and spirals on shells Fibonacci Retracement - The fibonacci retracement is a tool in which horizontal lines are drawn to help traders identify support and resistance - These horizontal lines are based on the fibonacci ratios - Interestingly enough, just as the fibonacci ratios are commonly found in nature, they are also found in the market, reflected by charts - A fibonacci retracement can be identified by connecting the swing high to the swing low of a downtrend, and the swing low to swing high of an uptrend - The connection between the high and low points are where most traders get confused. Application - On the left hand chart, we can see that the swing high has been connected with the swing low - As a result, we could identify possible resistance levels for Bitcoin's bullrun in 2019. - Prices touched the 0.618 fib resistance level , and eventually attempted to break the 0.5 fib, but failed - We can also see that the 0.382 and 0.786 levels played a key role as support and resistance - On the right hand chart, we can see the swing low connected to the swing high - Based on the fib levels of this retracement, we could identify strong support at the 0.786 level, around $4k. Conclusion The fibonacci retracement tool can be a very effective way to identify areas of support and resistance , but they need to be applied correctly. Don't forget to connect the swing highs and lows based on the trend! If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
BITSTAMP:BTCUSDEducation
by Michael_Wang_Official
43
DXY 6H - EOY Bullish MoveFollowing my Daily chart on this chart: This intraday fib adds up to see a push up to 93.5 before we get an idea on who tf won this election, Jan 20th. From there I would expect the $ to continue crashing, just an idea. I would not trade this as it is going against a heavy downtrend since March though it is good to add it as a confluence to other pairs. If this bullishness holds up this week I would like to see it continue for the first weeks in January. See how the year ends...
TVC:DXY
by jakedubbz
GBPJPY LONGWith this I am targeting previous highs. I'm looking for a break and retest of the monthly zone, before entering long. That would be my first trade, I would take profit after the initial bullish run, unless it just moons on me. To further believe that we are going up long term I would wait for a retest in the circle, where both monthly zones cross and enter again. My stop loss would be 20 pips very tight. We've already broke the 50 fib level marked on the M timeframe, and my final target would be the 61.8. I see price breaking above this target and retracing down. If we are going up I don't see it breaking back down below the 50 fib level. As long as I'm waiting for the setup to happen, there is no loss if price goes short.
Long
by SSJNat