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Fibonacci Extension

EURCHF TREND CHANNEL BREAK OR BOUNCE ?Pair: EURCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break or bounce ————— Key Takeaway: Alot of bullish movement for the pair so we could see break of the trend channel although this momentum could be exhausted and we could bounce and reverse bearish ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
EURUSD WILL WE BREAK OR BOUNCE ?Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top?, ascending triangle pattern ————— Key Takeaway: Price has reached resistance level and could possibly be forming a double top, if we do we will look for short trades. On the other hand EUR has been showing some signs of bullish steam so we could break, retest and continue bullish from broken resistance ————— Level needed: need a close by — ————— Trade: Neutral RISK:REWARD — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
by TheGoldRoom
Long for Maximum 40 pointsHello Traders, I was trying to analyze this stock. Actually i need to share it when the "Bat Pattern" completed but i miss the point. It already achieved Level 'B' . So we are expecting it will going upside till the Final Target. Whatever Target i mention here it on the basis of Fibonacci , Trend-lines , an Harmonic. Stop loss at 100 1st Target -->130 2nd Target -->140 Final Target -->150 I hope my prediction will get success...... Regard ChandR
NSE:TATASTEELLong
by practicalStar12288
3
✨Golem GLM - On fire! +2000% | Bullish flag + Huge breakout! Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also! How can you not love the name of the coin? But you definitely will with the massive profits! As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don't want to miss it. The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.  1:1 FIB extension is the next profit target (wave 3). Look at my idea about the GLMBTC pair in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
159
Irregular but effective setup for GoldAs we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid (second irregular form). Wave Y can be the extension of 0.618, 1 and fib level of wave W and X, to give a chance to this sideways trading market to take a direction. Wait for 1690 and 1700, Goodluck, Joe.
OANDA:XAUUSDLong
by joe-abdallah
2
EUR/JPY FINAL TP HIT!Trade Plan 1. Price was trending down so i wait for a break of my key level 2. Price broke below my Key level (1.425) 3. I placed a Fib tool from the last high to the low as we are trending down. 4. I wanted a second layer of confluence which was a fib level, the level had to line up with my Key level (1.425) before my trade idea is valid 5. Price retraced to 61.8 fib level and rejected so i entered the trade. 6. It took a couple of hours for my trade to hit tp.
Short
by Damianagbodza
1
SPX Breakeven 9/19/22Moved my SL too early and flushed out at BE. Not a lot of volume on SPX shown until 10:02am at the TDO. NAS showed the volume kick in just before the bell and 9:32am was the actual move up. NAS made a HL while SPX and US30 both made LL on the daily charts. Then on the 4H we saw the first up candle and price held inside of that candle with volume to the upside. Things to improve: Trade management, leave my SL alone, it's there for a reason. When risk is properly established then there should not be a reason to make any adjustments to it. Needed to practice a bit more patience. Things done well: The setup, building this hypothesis was well thought out. Both side of the possibility for a continued sell and a rejection buy were setup. Risk management, even if I'd loss the entire trade I was only wagering 0.25% on the trade
BLACKBULL:SPX500Long
by Cory4rex
1
USDCAD, extended wave to end soonUSDCAD has been trading in a zigzag structure (channel) with higher highs and higher lows on daily timeframe. It has reached a horizontal resistance zone. we can notice a WXYXZ Elliot structure, with ABC patterns in every impulse and X correction after it (11 waves in the channel). USDCAD is close to the end of the last extended wave C: we can notice in it 12345 Elliot waves structure. With Fibonacci extensions, wave 5 can reach 1.335 (or the rectangle we draw based on the fib extension). However, a head and shoulders pattern is recognized on m30, waiting for USDCAD to break the neckline with a candle closing below it to take the sell. Be careful with your risk management, the last extended wave can still reach 1.25 fib extension before ending. Goodluck everyone, Joe.
Short
by joe-abdallah
8
ETH, looks like a long way down. Hey everyone, just some quick TA. On HTF there is a H&S unfolding. Monthly open lost (1554) now opens the flood gates to lower prices. Based on fibs and where previous lows are it appears those lvls will be reached sooner rather then later. 1.618 lines up around $900 which also coincides with previous lows. This is not financial advice just what I’m seeing in the charts and what looks likely to play out. Also factoring in fed meeting next week on the 22nd with an expected .75 basis points. Don’t be surprised with a 100 basis point rise and markets to react negatively. Well that’s how I’m playing it. Good luck happy trading! NFA
COINBASE:ETHUSDShort
by SpaceCadetAcademy
A last chance for the Euro ?Under the US dollar pressure, EURUSD has been making lower lows and lower highs recently. However, RSI on the monthly chart is oversold for the 3rd time in this century. MACD is showing bullish divergence on multiple timeframes, and the EURUSD on H4 has just achieved a higher high this time with 5 impulse waves: the ABC correction is clear on the chart, wave C is nearly around 0.76 to 0.8 fib retracement. With today's good news on euro CPI and core CPI (higher than expected for both), we can give this currency a chance to retest the end of impulse wave 5, or even to make a higher high. Stoploss can go below the impulse wave 2 for some people, or below the lowest low (the beginning of the impulse wave). Note that on a long term perspective, USD is still stronger than EURO, we will just give eurusd a chance after the new high we saw lately. Goodluck everyone, Joe.
Long
by joe-abdallah