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Fiboncacci

GBP/JPY LONG SET-UPGBP/JPY Buy Set up Technical breakdown on GBPJPY GJ is in a very bullish condition, however, I understand that the pair is also trading at a strong level of resistance Saying that, GJ has the potential to break past resistance, and this could be the trade we need to make it happen GJ has broken 15m resistance but hasn't come back to retest, this key area also lines up with a strong psychological level (165.000) as well as the 61.8 FIB level I will be looking to take this buy as long as we see and a bearish candlestick formation, this can be wick rejections or a depletion of selling pressure BUT This area of resistance has a chance of holding so if price does break through 165 and retests this zone showing bearish pressure, I'll be looking to sell this pair down to 163.500 or 162.500
Long
by TomBray1
XMRUSDT retest the 0.618 Fibonacci level 🦐XMRUSDT on the 4h chart is trading inside an ascending channel. The price after the yesterday's impulse is now trading in a choppy way with a retest of the 0.618 fibonacci support. How can i approach this scenario? I will wait for the EU market open and in the case that the price will break above the 4h resistance i will consider a long order according to the Plancton's strategy rules. ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
XLong
by InkyGrip
2
DOGE [Update]Since my first DOGE idea the asset continued to seek lower support resistance areas, however, it bullishly maintained and respected the downward sloping green trendline that was broken almost exactly a month ago from today. Now, DOGECOIN finds itself in a range between the .236 and .382 fibonacci levels that correspond with the swing high to $0.29. It is my hope that the chart here is fairly self-explanatory.. we long any dips (preferably with limit orders) at the .236 ($0.18984) fibonacci level. As always anything below this important fib level is a no trade zone for me personally. In the meantime, we have been gifted a small uptrend and now we know that a break of this small uptrend on the daily timeframe could lead to the dip that hits our $0.18984 limit orders. It is too much to illustrate the logistics of proper trade entry as it can not all be perfectly covered at once in a single trade idea. For this case simply keep in mind that an uptrend like this around a key reversal area is a signature of authentic bullish momentum right before fireworks. If we long the trend and price runs to higher prices we win, but if our trend breaks, we get our buy orders at discounted prices filled, which means we still win anyways. Stop losses just below our .236 fib as always of course. This is an example of how to safely enter/exit trades when prices are hanging in the middle of a range. *PLEASE exercise proper risk management (alerts, stop losses, etc) I AM NOT A FINANCIAL ADVISOR
Long
by TradeVibez