Fibanocci
the fib retracement hit 50 Percent retracement downtrendit hits 50% fib retracement so base on the fib retracement it continues to its downward trend. now it is hitting upto 60% retracement if it exceeds it is building new trend.
if it respects. then shorting it will benefit you upto 30440 short. for fib retracement extension for take profit.
for stop lost above 50-60% retracement.
time will tell.
like follow if this happens. all the best!
DYOR
TAYOR
all the best!
not financial advice.
BTC finding support at higher pricesBTC is currently testing support at recent highs of 44.822k which is also a 1.382 fib level. This is a bullish sign as in the case of
a sudden correction this level may provide support and prevent lower prices.
Ofcourse this test will likley not provide significant support as so far we have only tested it 1 time and on a lower timeframe (4hr). I would want a retest off this level on the 1 day for it to be a more convincing support level.
If we continue to move upwards we can expect some resistance at the major 0.618 level plotted from the all-time high to the bottom of the correction. Flipping this level and confirming it as support after a retest would be seen as a very bullish sign of BTC and possibly mean a reversal is in play where we start the move up to the previous all time high.
In the bearish scenario I would expect support at 37.6k where we previously found support. But is is very possible that we find support at another level before that, such as 43.2k or 42.6k.
GBPJPY LONG ANALYSIS Elliot wave and FibonacciUpon analysing every degree, something was common. And it was that the next wave is upwards. The fashion or the type of wave it is going to create is not that important to me just yet, as I am aware that it is forming an impulse wave overall in the 1 Hr time frame. I believe in the 1 hr, it is completing its second wave and entering into a strong third wave, and I am comfortable to enter.
EURUSD fib based quick buy😎🤑🤓 A quick fib on the one hour and four hour chart shows it should catch a couple more pips going up. These are the time's I'd go medium aggressive , get in quick and get out even quicker. In times like these, you have to be mindful of when market centers open up, and when news is set to be released that will affect your pair. Sometimes the simple and easy trades are golden.
AUDUSD calculated fib drop. Buy time? As mentioned in the previous post, we were anticipating a drop to the zone it is at now. Currently we are waiting to see if we can get a close above the 71.8 fib zone. If we do, we may start gearing up for a buy. We do have some news for USD coming out at 8:30. Waiting until then to trade would be prudent, but if we get confirmations before then I will get in on a buy and close before news break. Stochastic and Keltner channels are both indicating further downward movement at the moment, which is why we are waiting for a close above the 71.8 fib zone aiming for about the 0.69530 area. At that Time I'd be buying feeling confident it'll continue up. If we fail to get that aforementioned close then I'll just wait for the news to see what happens and how that may affect things.
AUDUSD technicals and fundamentals line up for a buyFundamentally, the USD received a lot of bad news throughout the day greatly affecting price especially in the later half of the trading day. The news led the pair to a high not seen this year. Bulls are looking to maintain strong control. A little fibanocci shows that we can expect price to drop between 0.69850-0.69350 before continuing on the bullish overall trend. The Stochastic oscillator just recently crossed at 80 heading downwards. Depending on trading strategy, one could prepare to sell to the expected fibanocci zone and to the closest medium/strong support. After a brief drop, I'm counting on the pair to continue to higher highs.
USDCAD > Double top at trend line!Hey friends👋 Support this idea with like if it's helpful to you, leave me a comment below that will help me a lot 🙏.
Analysis of #USDCAD
Prices made a Beautifull double top, with a nice rejection candle, I missed my entry but will be looking for a chance to get short if the rules are met
Thanks for taking the time to read my idea please do not forget to hit the like it's my only reward🙌
Check today analysis below
Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**