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Fib

EURJPY - Fib levels I don't use the typical multi TF levels. I choose a bunch of TF that I am more comfortable with. (Thus the 2h chart) I have market everything on the chart for you. I prefer to keep the chart as clean as possible. And Personally, I am not a big fan of candlesticks. Whether on the chart or off the chart. Focus more on your risk management and psychology, cause the technical part is the easiest part. It is the Risk and the psychology that absolutely murder the retail traders. Not the technical. Happy trading and stay safe. :)
Long
by Sepz2020
AUDUSD - 4H Short TermWe have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box). Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come through. Sells within the black zone above seem ideal though I would wait for confirmation of another lower high to continue the move downwards.
by jakedubbz
$JMIA (Start of wave 1 after zigzag countertrend) PT $16Tony's Picks I have recently started analyzing charts and have come across this interesting idea. This chart is on the 4hr time frame. It looks like $JMIA is about to enter wave 1 after a 5-3-5 zig zag countertrend according to the Elliot wave theory. This idea assumes everything prior to this trend was just an IPO countertrend. Wave 2 two bounces off the .618 from wave 1 fib retracement perfectly. On the weekly chart it could be argued that we are still in one large wave 1 on macro level. I could see a $16 price target being realistic based off this chart. Expect volatility as $JMIA still has a lot to prove. Curious to thoughts and comments. Thank you.
NYSE:JMIALong
by TonyPicks
2
AUDJPY Short PositionI have entered a short position on AUFJPY for the following reasons: 4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push A glance at the 4H linear regression shows that price is currently above the mean and also shows a downward bias My take profit has been set at the 0% fib level, which has been a strong area of support. This trade gives a solid risk/reward ratio of 4.26.
Short
by UnknownUnicorn8106969
eurjpy sell potentiallooking retest previous support structure as resistance on daily timeframe, as well as rejection off the .5 fib around that level , plus when we get to that point which I've circled roughly (purple) we will have ran out liquidity from the sellers catching there stops from where I've put in a solid yellow ray , finally I've circled on the RSI point which I believe when price gets to the desired point which I've circled well have bearish divergence forming there on the 4h timeframe. WATCH STRONG WICK REJECTIONS ON THE TRENDLINE.
Short
by wratey12
Possible Fib retrace starting, multiple factorsMultiple factors point towards a fib retrace starting here, if it can hold the .236 fib at approx 1901.6. Inverse head and shoulders formation, we also had a RSI breakout at the bottom of the move. We have also potentially broke back up into the descending triangle which we broke down from. Looks like the .382 could meet with the descending trend line and would be the approximate measured move of the inverse had and shoulders at 1934. We can take some profits there and see what happens. Want to be my first follower? Criticism welcome and appreciated!
OANDA:XAUUSDLong
by Gardener1