Get started

Fibo

EURCHF 1.06693 - 0.09% LONG IDEAGOOD DAY TRADERS > HERE'S A LONG IDEA ON THE EURCHF PAIR, THE EURO HAD A GOOD WEEK IN THIS PASSING WEEK WITH ANNOUNCEMENTS OF A NEW RECOVERY FUND BY THE EUROPEAN COMMISSION. > SWISS TOOK A HIT IN THE PREVIOUS WEEK THIS ON A COMBINATION OF EARLY RISK SENTIMENT AND WEAK SWISS ECONOMIC UPDATES > EURCHF IS IN AN UPTREND AS WE SAW THE PAIR BREAKOUT OF THE DESCENDING TRIANGLE THE PAIR JUST BOUNCED AT 50% FIBONACCI RETRACEMENT AT SUPPORT LEVEL 1.06693. SHOULD WE TRADE ABOVE THIS LEVEL WILL BE LOOKING FOR LONGS IN THE PAIR. TARGET 1 - 61.8% FIB EXT ( 1.06598) TARGET 2 - 78.6% FIB EXT ( 1.070790 ENTRY - FOLLOW YOUR ENTRY RULES RISK MANAGEMENT PERIOD - DAY TRADE
Long
by PULEMokhothu
ETHUSD Technical Analysis: Fib Retracement Levels & Wedge!!Pretty simple analysis of ETHBTC pair, Ethereum generally gaining a bullish outlook for the next week or more, so far ETH BTC has formed a really nice and beautiful descending wedge formation in the Heiken Ashi D1 Time Frame. Short Term BUY Opportunity: Taking the top 1.0 Fib level as on 18 May 2019, and the lowest of 0 Fib level on 4 Sep 19 + 10 Jan 20 - ETHBTC rebounding strongly from the 0.236 Fib level twice, which is also the bottom line of the PURPLE descending wedge, validating as a strong support to watch - I would expect a BUY OPPORTUNITY for the next few days up to the TOP of the WEDGE Long Term BULLISH outlook: - Look for ETHBTC reaction to the top of the wedge, possible more sideways action till 0.382 Fib level coincides with the top of the pink wedge --> A break above this would flip these into a major support for a break upside - BREAKING above the wedge would give us a BUY OPPORTUNITY with TP1 @ 0.50 Fib, TP2 @ 0.618 Fib, TP3 @ 0.786 Fib or even 1.0 Fib Fundamentally, an overlap of the release of ETHEREUM 2.0 along with a bullish run upwards of the wedge would give us more BUY momentum and therefore TPs can be adjusted higher on the Fib levels if these happens. I would be putting my coins on ETH 2.0 being released in JULY 20 or so. As always, trade carefully with stop losses. Feel free to like and follow if you enjoyed from my ideas = ) Best Regards, GOLD D ROGER A humble trader in training
Long
by Gold_D_Roger
👨🏻‍🎓 The Fibonacci levels 👨🏻‍🎓 😊Guys, we are smoothly approaching the completion of the Technical Analysis section.👨🏻‍🎓🙌🏻 🧐Today I want to introduce you with Fibonacci levels. 💪🏻Let's start 💪🏻 👨🏻‍🎓 Leonardo Fibonacci is a great mathematician who lived in the XI century. ☝🏻 👉🏻The scientist deduced a number of natural numbers, which later began to bear his name. Each number in the series was the sum of the two previous numbers: 1 + 1 = 2; 1 + 2 = 3; 2 + 3 = 5 etc. The result is a series of numbers: 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Fibonacci numbers have some properties: 📌Division of any number of the series into the subsequent tends to 0.618 (the golden ratio in ancient Greek and ancient Egyptian cultures); 📌dividing any number of the series by the next + 1 tends to 0.382; 📌dividing the subsequent number of the series by the previous one tends to 1.618; 📌division of the number of the series by the second number preceding it tends to 2.618. Fibonacci numbers are often used not only in technical analysis, but also in physics, astronomy and other disciplines.💪🏻 ☝🏻 The technical analysis usually uses the number 0.618 or 61.8%, 0.382 or 38.2%, as well as the psychological half (middle) of 50%. ✔ Very often, based on these coefficients in the technical analysis of the market, Fibonacci lines, Fibonacci levels and Fibonacci periods are built. Fibonacci lines are built relative to significant highs / lows and represent support or resistance lines, from which they make a purchase or sale. Fibonacci numbers - the magic of numbers that works in everyday life. But it works with varying success in trading. ⚡ Please note, that the number of Fibo level workouts is much less than the number of failures. The same applies to other types of levels and various methods for constructing them. 💥 You can simply draw arbitrary horizontal lines on the chart, and ... oh that's mystic... they will also be worked out both in the past and in the future. 💥 🌞🌞My dear, if you have questions about the topic or you want me to continue the topic of TA, write about this in the comments✍🏻✍🏻✍🏻 Stay with me💋 Your Rocket Bomb 🚀💣 Below are links to previous TA ideas👇🏻👇🏻👇🏻
BITSTAMP:BTCUSDEducation
by RocketBomb
6
No more long : take a short position now ! Hello guys, yesterday the USD JPY reached the 1.618 fibo ! i was waiting for that ! now the ABCD pattern is completed ! This night the PRZ was tested and we can see a beautifull rejection on the H1 chart and H4 chart ! So the trend is actually changing and you can short it ! Maybe the price is going to retest near the PRZ ! we will see ! + Nice regular divergence between the MACD and the chart ! + Be careful the USD is a refuge value actually !
Short
by BeginnerTrader93
1
Are we going to reach 110.000 ? = USD JPY Hello guys, im actually expecting a bullish move today for the USD JPY wich is very strong this Week ! we have a beautiful pull&back on the H1 chart ! Actually im waiting for a strong move if the price react to the "symetrical triangle" i hope it will go to the 110.000 minimum or reach the 1.618 fibo (110.558) For me no signal for a changing trend ! D1 chart show a nice bullish situation ! Hope everything will be ok :p Have a nice day and good trade !
Long
by BeginnerTrader93
1