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Fibonacci Cluster

Bitcoin: 3 Bearish Opportunities approachingI got asked the other day about Bitcoin and what I thought about recent price action. When looking at the timeframe all that comes to mind is consolidation and bearish. As we've seen on the AUDCAD over the past few weeks (as it's nailed 4 straight cyphers) consolidation breeds patterns. I see 2 potential patterns here on BTCUSD the first being a bearish bat (yellow) and the second being a bearish cypher (red) Stops for the bat pattern will be well before the cypher completion so there's no need to worry about choosing one over the other. Before both of those potential patterns we also have a CTS based trading opportunity at the bat pattern "B" leg. At that level I'm seeing a potential ABCD completion, the RSI is already overbought, there's structure looking left and we have some fibonacci confluence. So not a bad opportunity. Waiting for a conservative reason for entry would make it an even better opportunity for you lower timeframe traders. If you're interested in watching me trade live I've opened up access to my live trading room for today. 8am-11am New York Time. Just shoot me an email before 7:45am NY time and I'll get you the login information Akil Akil@Tradeempowered.com
BITSTAMP:BTCUSDShort
by Akil_Stokes
2
#EURUSD short term short (Harmonics, Structure)#EURUSD short term short (Harmonics, Structure) @TradeYodha TradeYodha.com As per my initial analysis few days ago: Analysis: 1. 2 ABCD patterns completing in the zone 2. fibonacci confluence of 1.414 with 1.618 with 0.886 3. RSI is not oversold yet. It still has little way to go up before it becomes oversold. 10sma has crossed 200sma and 50sma showing high momentum to the upside. 4. On higher time frame (daily) we are just below 50sma Trade Execution : 1. Have 2 trades 2. For the first trade place a limit order on the zone 3. Keep the second order waiting for a confirmation in the zone. 4. There will be 2 targets. But depending on market situation, you can either close both trades on the target 1 or keep one running for target 2 News/Fundamentals: 27 April: 6:00am EUR German Import Prices m/m I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Short
by TradeYodha
#USDJPY Short Idea (Structure, Fibonacci, Head and Shoulders)#USDJPY Short Idea (Structure, Fibonacci) @TradeYodha TradeYodha.com 1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming? 2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma 3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced patterns 4. The price is close to 70 RSI at the moment so there are chances for it to go over bought by the time it reaches the zone. News/Fundamentals Expected: 21 April: 11:50pm JPY Trade Balance 23 April: 12:30pm USD Unemployment Claims I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Short
by TradeYodha
2
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics) 1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level) 2. on 4H: a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8 b. The next level of 78.6 has high fibonacci confluence 3. This zone had high supply in past too 4. Target 1:1 News/Fundamentals: 1. German ZEW economic sentiment expected 10:00 am London Time
Short
by TradeYodha
2
EURAUD 4H Short Idea (Gartley, Harmonics, Structure)#EURAUD 4H Short Idea (Gartley) @TradeYodha (TradeYodha.com) 1. Overall Down trend on Daily 2. 38.2% fib retracement level of last daily leg in the zone 3. 200sma is in the zone 4. Fibonacci Cluster 5. Harmonics Move Expected 6. Gartley Pattern in the zone As both 50sma and 10sma are lagging behind, I am expecting a pullback from the current price level and then price to come back into the zone. Wait for confirmation in the zone I would love to hear your opinion, feel free to agree or disagree in your comments. Please give it a (thumsup) if it makes any sense.
Short
by TradeYodha
2
USDJPY: 3 Potential Advanced PatternsMultiple potential advanced patterns setting up on the USDJPY all around the same area. We've yet to break out of this consolidation, but if we do before Friday's Jobs number, we have a good location to look for our next short. Before I get a million nasty messages no, I don't think dollar weakness and Yen strength long term, but that's what makes me a "Trader" and not an "investor" I don't have a long term bias when trading on shorter term charts. I take the setups as they come bullish or bearish despite my personal fundamental outlook.
Short
by Akil_Stokes
22
NZDUSD: TCT at Ratio & StructureI've got to run soon so I'm not sure if I'll be able to catch this or not. But for those looking for the next place to short Kiwi this area looks as good as any. Harmonic move, fib extension, multiple fib retracements and of course structure to hide stops above. If it's still a potential trade by the time I return I'll keep you guys updated on what 'd be looking for in order to actually enter this thing either on here or on a Syndicate video later.
Short
by Akil_Stokes
1
USOIL: WAITING FOR THE SELLI don't typically watch oil too much but with all that's been in the news over the past few weeks how could I resist. Also being involved in the USDCAD trade that I shared with you guys last week caused me to keep one eye open as well. Anyway, despite the fundamentals (some of which are screaming short) the technicals are what matter to me most and in a heavy downtrend I'm not looking to hop on the bullish move late, rather I'd be looking for the next place to reload short orders and see if I can catch the next wave down. Syndicate members I'm going to record a brief video for you outlining this trade so check your emails in a little while. But I think I did a rather good job of trying to be as detailed as possible with all that I see. I actually think we could go lower at our current point so this one may be worth taking two shots on.
FX:USOILShort
by Akil_Stokes
10
GER30: Another Test of StructureOne of my current clients is a big trader of the German DAX so i find myself looking at this index on almost a daily basis. The more I look at it, the more I enjoy breaking it down as it seems to be a pretty technical friendly chart. When taking a look at it today in my Live Trading Room we noticed a few things. The obvious structure level looking left, the potential butterfly pattern completion at that structure level and a large area of confluence between numerous Fibonacci extensions and inversions. We've also got some AB=CD action thrown in there as well. Yes there's an even bigger potential butterfly that could be setting up on the higher timeframes. But there's no need to worry about that until structure is broken. Akil
FX:GER30Short
by Akil_Stokes
10
XAU/USD: The Next Place To Trade GOLDFollowing up on my last video XAU/USD offers another opportunity to demonstrate the various ways to use Fibonacci tools. IF price action were to break our current structure level to the upside, THEN we're looking at a potential reversal zone that offers previous structure resistance, and a Fibonacci cluster. For a more detailed explanation of my analysis on this pair click the link below for the video I recorded. WATCH THE VIDEO HERE www.youtube.com
FX:XAUUSDShort
by Akil_Stokes
6
GBPUSD: Bearish TCTThis trade was originally brought to our attention this weekend in Jason Stapleton's Forex Market Preview video "Studying Harmonics" ( www.youtube.com ) As I take a look at it today price action (after creating a LLLC) has retested the previous level of support which should now act as resistance. In addition to the structure level we also have a Fibonacci ratio cluster of retracements and an inversion. Lastly, we have hidden divergence on the RSI which is a sign for trend continuation. Of course when I say a sign, it doesn't mean it will happen everytime, but it's something that we can add to our score when breaking down this trade. Akil Stokes Head Currency Trader at Trade Empowered
Short
by Akil_Stokes
16
Gartley Short on US OILI don't often look at USOIL but one of my live room members loves to trade it and brought it to my attention this morning. Originally there was a bearish bat pattern that completed at an excellent level of structure (looking at the bigger picture). That level has since been broken and although the trade may not have hit a traders stops yet,it's never too soon to start thinking about the next potential opportunity to get involved. In this case it's another advanced pattern in the form of a bearish gartley that completes at structure and ratio confluence from the bigger moves. www.youtube.com
FX:USOILShort
by Akil_Stokes
9