GBP/JPY, Potential break out trend linePotential break out trend line on 61.8 fib retracement. Finishing reverse shoulder/head/shoulder pattern.
AstroFX student Vlad
Fib
USDJPY 1D/1H - HOW TO PROFIT FROM TRADING PULLBACKSTRADING PULLBACK RULES
1 - Find Daily uptrend with HH's & HL's.
2 - Switch to the 1h Time Frame
and Wait for a Pullback
against the Uptrend.
3 - Place Fib between last swing
high and low levels,
prior to the pullback.
4 - Buy Anywhere Between 50% and 61.8% Fib.
5 - Place Stop Loss below Swing Low.
6- Take Profit at break above the
previous Swing High.
EURUSD (Short)An ABC zigzag has formed and an opportunity to ride wave C. with the daily fibo as target which is 38% of the impulsive move that we seen last week. I'll be carefully watching this one as the bulls will be waiting to get in at the take profit level if this theory is correct.
ETH - Make it or Break it ? Hello guys,
Ethereum on a very important point:
-Close to the golden pocket 61.8% retracement
-Weekly 50EMA support (Daily broken followed by further drop today)
Keep your risk managed.
See you next you soon.
USDJPY Fibonnaci retracement4 HOUR CHART
Next week the USDJPY pair will start retracing the 112.214 top done the 20th February after hitting the 105.4 strong support on Friday (5 months lowest). Price are bouncing on this support and will target 106.698
XAUUSD: Gold Short with good pip potential and high rewardsGold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds.
As shown on the graph we have been seeing lower highers and lower lows on the hourly, creating a descending, closing channel. It has twice rebounded off the pivot point which is the reason for taking partial profits but overall has a great potential to reach 1600 and below in the event it breaks to the downside, and if not plenty of profit will be banked regardless.
Keep in mind Donald Trump is speaking later today and that can create unpredictable volatility so suitable risk should be used.
CAD Pairs (2/24/20)Trending pretty nicely but no "easy" entries. Will watch and consider getting in (CADCHF) on a 61.8 Fib play.
STILL IN CHANNEL --> BUY BOTTOM SELL TOPStill in the prior channel - waiting to buy at bottom of channel & selling at the top. We pulled back to Fib 0.382 & hold above the EMA support, as in past moves within the channel.
CHF/JPY Daily Fib shows pullback to 61.8 Just a matter of timing on this one. Patient because the move will likely be significant.
Gold Long Idea Gold has been looking very bullish lately. We see a previous close of rsi below 30 and now above 70 on the 1 hr chart. TP 1 at 1.414 fib level TP2 at 1.618 fib. SL at 0.50 fib.
XRP holding strong with good supportMorning from sunny Arizona! Once again looking at the 4hr chart, we can see the 0.5 fib level created a lovely support for XRP at the .2340 mark. It has established a nice ascending channel which i believe XRP will follow until we have enough volume to make some sort of parabolic move. More so, we are well above the 200 MA which is very bullish in my opinion and most certainly establishing a long term trend reversal back to the long awaited bull market. Long way to go yet, but positive signs for HODLERS waiting to recoup their cash! Have a great day and an even better weekend.
GBPUSD will be bearish (4H)USING TREND, FIB AND RSI (80/30) 4H.
you can wait for the CS or enter now at the region
WAVE 4 LOW 3234 IS .618 OF WAVE 2 WITHIN 3/4 SP POINTS WAVE 2 DROP FROM 3022 TO 2856 WAS 166 SP POINTS X .618= 102.6 3337.77- 102.6 =3235.17 THE LOW =3235.17 AND THE CALL FOR A MIN DROP WAS .0325 PCT FROM HIGH
BTCUSD Falling Wedge| Low Volume| Break Imminent!Hello Traders!
Quick update today on BTCUSD's immediate trend, where we have a probable falling wedge formation bound to break.
Points to consider,
- Trend testing resistance
- .382 and 128 MA holding support
- Stochastics in lower regions
- RSI respecting trend line
- Volume declining
BTC’s immediate trend is trading very close to its apex of this falling wedge; this signals a break will be imminent as key levels converge.
The .382 Fibonacci in confluence with the 128 MA acting as support establishes the case of strong buy pressure being evident.
The stochastics is coming close to its apparent apex whilst being in lower regions, evidently signalling stored momentum to the upside.
RSI is respecting it local trend line, must hold for a bullish bias, a break will increase the probabilities of BTC breaking bearish.
Volume is clearly declining, which is a strong indicator of signalling a move being imminent in the near future.
Overall, in my opinion, BTC’s immediate trend will manifest a break in either direction as volume is clearly declining as price comes close to its apex. This current formation of a falling wedge has a greater probability of breaking up as it serves as a bullish continuation pattern.
What are your thoughts?
Please leave a like and comment,
And remember,
“Freedom from blind reactivity begins with self-awareness.”
― Yvan Byeajee,
AUDNZD looking for more bullish momentum!! 100pips!!After trend confirmation and 100pips done on this pair, price retraced and got rejected at 0.382 fib ! This lvl is matching with a re-test of our short-term trendline! I'm in for a Buy, small SL and lets go!
Any opinions? Leave a comment !
BTC (Y20.P1.E13).Bullish Ascending Patterns.ABCDEHi All,
Just an observation.
If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns.
> They are in an upward wedge pattern and also in a channel.
> I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others.
> The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well.
Question is, will it repeat once more to hit the 9.4K (to 9550) target?
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
