Fib
GBPUSD BUY MODELBEAUTIFUL PRICE ACTION, AS SHORT TERM HIGH GOT RAIDED, PRICE THEN RETRACE INTO AN 1HR ORDER BLOCK AND CREATING THE LOW OF THE DAY. PRICE GOT A BEAUTIFUL REACTION TO THE UPSIDE ONLY 4 PIPS IN DRAWDOWN IN RETURN FOR 156 PIPS IN PROFIT. (SIGNAL CHAT IN MY PROFIT BIO IT FREE IF INTERESTED)
$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.
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.
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.
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!
AUDPY POTENTIAL SELL BREAK AND RETEST OF FORMAL STRUCTURE ASWELL AS IT WILL REJECT .5 FIB AT THAT LEVEL WITH BEARISH DIVERGANCE AND CREATE THE TOUCH ON TREND LINE GOOD 1;6 PENDING
SPY Hidden Bearish Divergence is BackVery clear on the 1 hr and now 4 hr charts for some hidden bearish divergence (possible continuation of trend) which was selling. We hit the .382 fib from previous high to low. I am buying puts for my next target which is the .382 fib to the downside around 306-305 area.
It is possible that we move slightly higher to the .50 or even hit a full measured move of the possible falling wedge but i have what i need to start shorting
SPCE - Watching for a reaction to the 1.618 Circlein this experimental design price did appear to curve with the .618 fib circle - looking to fade the move if we see market consolidation, a gap-up would provide the best risk/reward
Gold Short IdeaGold BUY
Term: Short (15min TF)
Entry: 1853.825
Risk Reward Ratio: 1:2.3+
Take Profit: 87 pips
Stop Loss: 34 pips
YFI - Quick Update. Spiffy Yfi? Or Looking Iffy?I'd say that's confirmation of that upward channel I previously spoke of.
Set TP's all along the fib. I've had a good time so far.
Potential for a bounce! Keep an eye on the yellow box.
We've got good MACD on all front
Stoch is oversold on 4h, has headroom on daily.
volume low. beware.
Told you it was quick. I'll post more in depth on what we see tomorrow.
Have fun and good luck.
Euro: 1.16620Hello everyone,
Posting an idea that I have with EURO as we come to a close for the week.
Expecting to see some bullish momentum to the upside (1.16620) before seeing another downside rally.
EURO and NCLH both provided great trades.
Currently have long positions running on EurUsd
GLGT
Buying position on TSLA/Tesla if....Big buy position after breaking through the Fibonacci RETRACEMENT and pricing cluster with considering of SL and you can maximize you profit by trailing.
EUR.USD H4 Short 13CCI tlb, fib trgtH4 13CCI crossed down thru an up-trendline on the CCI. Given that, the entry short on EUR.USD is immediate for experienced eyes, or as soon as CCI came below +100 on CCI for conservative traders. The price now is on S/R going back thru July, and is on or close to a median line for pitchfork starting Aug 18, depending on your software.
The S/R area may hold price up temporarily. A break below might aim for a 38.% retracment of move up from mid-June to Sept 1, 2020, possibly near price intersection of the 38.2% retr. line and the lower median line possibly the end of this week or early next week ~~~1.17-1.166
The exit would be a CCI tlb of an up-trendline or a fib target
XAU/USD LONGPrice is pulling back to a 15 minute order block (refined to 5 minute). I am looking for price to retrace and go long to fill previous imbalance marked as the outlined box. I then used fib golden zone to add extra confluence.
This is my first time trading XAU/USD so we'll see how it goes!
