Fib
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!
Xau/usd gold longPrice is pulling back to a 15 minute order block (also refined to 5 minute). I am then looking for price to retrace and fill in imbalance marked up as the outlined square. I also used fib (golden zone) for extra confluence.
I am not usually a gold trader this is my firdt ever gold markup so we'll see how it goes!
Two potential scenarios for OMG based on fib levelsDepending on whether OMG rebounds from here, could be a double bottom or a longer slide down.
It must rebound with good volume to make a bottom more likely.
I am wary of the lack of massive buy volume of OMG at this level.
GBPJPY BUY TRADE USING FIB RETRACEMENTWITH PRIOR BULLISH REVERSAL; EXPECT A HIGHER-LOW ON UPTREND. USING FIB RETRACEMENT WE CAN GATHER PRICE WILL SHOOT UP; 2 TP LEVELS EQUALING 50-90 PIP GAIN
LINK Prediction based on fib levels and feels (fixed)This may not be a quick recovery. May form a triangle and break out toward the end of October
Lots of swing trading opportunities if this holds.
LINK Prediction based on fib levels and feelsThis may not be a quick recovery. I don't think it will go below the bottom trendline unless it's very briefly. More likely to have some sort of bounce from here, given it's a frequent buy level as you can see from all the demand tails here.
Fib RetracementI have started to notice that, when I draw my Fib's, between the initial run from 1.0 to 0.0, the 0.71 often ends up aligning with an area of consolidation, and ride the 71% line. After a initial run up/down, could we use this to predict where the next swing will be?
Am I doing this right? First Post CHFJPYHeading upwards into the beginning of next week for a fake out. Then a dip down for the rest of the week to finish Wave 4. Then a shot up, maybe tapping the 1.168 (around the mid 19s-20 aka. sell zone) before heading down for a while.
Maybe?
03/09/2020Just a quick update...
If this is one entity buying and selling, manipulating the BTC price, it seems to be between fib levels .618 and .382 / .236 however this is just speculation and we could move down to the CME gap at 9600s if the level breaks or we could play consolidation within these levels for a while shaking out positions.. or then again, that could have been the correction and we would go higher from here.
The daily is looking bad but if this is 'the bull run', we should expect major moves like this.
I have been stopped on most of my positions by now so I'm just sitting back and watching this play out to see where it ends.
WKHS continuation after breakout of pennantAfter a strong move today we should see continuation to fib levels above. A pullback after open would allow an opportunity to size up positions with stop loss at the fib below. Fib levels above as targets.
USOIL Long PlayUSOIL looking perfect for a long
Huge rejection of the 78.6 as well as a higher low on the 1H timeframe.
The prior wick indidcates some strong buying pressure from the region below and a long makes a lot of sense.
Stops just below the prior hourly wick, take profit at $44.
Hope this helps.
Cup and Handle breakout, alternate fib levelsSame bullish thesis with different fib levels drawn from different highs and lows, we will see which prove to be more accurate.
Cup and handle breakout above 280.66After breaking out on Friday but failing to hold and closing just below, it looks set up to continue next week with good market conditions.
SXP ROADMAP // FIB CHANNEl // TIMELINE ANALYSIS4$ 31st August
10$ 10 September
30$ 17 September
* Best case scenarios
LONG CRV IDEAJust had a wave down on CRV, I expect we'll trend higher to the 0.382, 0.5, or 0.618 retracement before seeing another dump lower. Have profit targets at the 0.382 level, and then will manage it by ear, stop loss is below the recent low below $2.5.
AMZN PT $3800I am not overly confident in this play as i feel once IWM completes it 100% retracement there will be a pull back in the market, especially getting closer to the election. But if my theory is wrong, Amazon like $TSLA and $AAPL should be the next big mover. I do expect AMAZON to follow suit and eventually do a stock split. This will most likely occur once we pass $3600. My other theory on this is that Jeff Bezos and Elon hate one another. After TSLAs stock split, it will probably very quickly get back to $1000/share making or potentially making Elon the richest person in the world. The only way to combat this is by AMZN doing a stock split to make their stock more affordable for Robinhooders. Depending on the election, I anticipate Jeff Bezos to be worth $500 billion by next year.
Fibonacci on Gold/USD + PredictmentAs the trend is being confirmed, the price for GOLD/USD will face strong resistance around 2020-2030.
This is confirmed by:
1 - Strong support on the past, now a resistance, located around 2025
2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday)
3 - Fibonacci levels on todays low, projected on its first clear correction after the up trend is confirmed, giving a target of 2020.
And considering all of that, this means:
nothing.
Joking. haha.
If we see a good increase on the volume we might break the resistances around this levels. If not, the price should reach the 2020 anyway, but not surpassing 2030, forming a new consolidation area.
EURNZD daily analysis 🦐EURNZD after the double bottom and the break of weekly resistance is now reaching a daily resistance.
Market will possibly retrace till the support at the 0.382 fib level or even at lower 0.618 weekly resitance (red colour) before start again the bullish move.
At the break and close above the daily resistance we can set a nice long order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
