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Fibonnacci

Gold short towards $1830 and $1825Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825 can be expected. Long term trend is bullish but currently gold is experiencing correction phase.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
2
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested All "relief rallies" must come to an end and The Bear is NOT over (imho) So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here. I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives : 1. Take scalps 2. Increase holdings 3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :) ~ Box
by FudBox
3
LOOKING AT CANADIAN DOLLAR STRENGHT FOR THE REST OF 2023!We're looking to see a resumption of the bull run on the CAD INDEX as price is currently completing the second wave of the 3rd leg. A break of the red counter trend line on the weekly timeframe will give us a confirmation that wave 3 is about to begin. It is important to know that the CAD INDEX is not a tradable pair but can be used a guide to trade CAD crosses. A strong CAD INDEX will give us an indication to look for sells on cad crosses and vice versa. It is also key to note that this analysis is done on the weekly timeframe and will take a very long time to play out. Disclaimer: This is not a trading signal or investment advice. Let me know what you think in the comments. You can support by liking and sharing.
Long
by akumjoel
GBP/USD short positions?FX:GBPUSD English: Hey Traders,At the GBP/USD chart, we can observe that it has formed new lows and started a slight downtrend. There is a significant resistance zone at 1.24000, which has been attempted to break more than four times without success. I am seeking a move back to the 61.80% fib level and will consider taking a short position if the dollar remains strong. There are crucial news releases tomorrow, so exercise caution when trading at this time. Deutsch: Am GBP/USD-Chart können wir beobachten, dass es neue Tiefststände gebildet hat und einen leichten Abwärtstrend begonnen hat. Es gibt eine bedeutende Widerstandszone bei 1,24000, die bereits mehr als viermal erfolglos versucht wurde zu durchbrechen. Ich suche nach einer Rückkehr zum 61,80% Fib-Level und werde eine kurze Position in Betracht ziehen, wenn der Dollar stark bleibt. Es gibt wichtige Nachrichtenveröffentlichungen morgen, also seien Sie beim Trading in dieser Zeit vorsichtig.
Short
by NeptenFX
BEARISH Bitcoin Idea ( may not happen but....)Bitcoin Weekly chart The Vertical Red lines are Fib Time Zones and these ones are Bearish PA got Rejection off every one and the next one is on week of 2nd Jan which also intersects with the 4.618 Fib circle, As you can see, Previous 618's have also caused Rejection though PA may have descended before hitting the 3.618 End od Dec, Beginning of Jan has many charts pointing towards something happening but as we all know, predicting PA is often foolish I do have Bullish charts also but mostly from projections using Fractels..... Be ready to react is the only thing I will say Apart from Happy Christmas and a Merry New Year...I think BTC will recover in '23
BITSTAMP:BTCUSD
by Orriginal
1
Some simple DCA idea. Maybe a bit better than the average one ?Hello, everyone. This is my first idea, so please pardon me if anything goes wrong. With the bear knocking at the door a while ago, it seems that everything goes down. So maybe we should embrace the investor side ... The boring but rewarding path. On bear markets, everyone accumulates. The DCA it seems a viable option, as they say : "Time in the market beats timing the market". We could DCA by volume profile, Fibonacci retracements, or several other techniques. But why going so "complex" when we can make everything simple ? On Crypto, it's tested that we will see at least 6 consecutive "30% drops" after the latest "30% drop", if not even more. Influenced on this idea by our regretted mathematician, Mr. Fibo ... And applying it to the charts, I just have a new indicator with an embedded strategy inside. In order to do everything right , I am asking the community to give me feedback. And if there is a real demand for my creation, I will respond accordingly :) The questions will be : 1. Do you think this strategy will bring you profits ? If so, do you want to try my indicator for easier backtesting ? 2. How useful do you think it will be a trading automation website, to be launched in 2023 ? Dedicated to Risk/Reward ratio trades, but also containing this idea ? I am humbly awaiting your response, so ... Let's help each other ! Best regards, Ionuț
Education
by dogaruionut1993
3
RLinda ! EURUSD-> Trend change or correction? EURUSD in early November is trying to change the global downtrend. A number of positive fundamental factors contributed to this maneuver. The price confirms the change of the trend and at some point breaks through the resistance of the uptrend channel, indicating to us a more accelerated recovery. But a false break-down of the resistance at 1.02692 is formed. In the chart, we see a break-down of the base support at 1.02692, which was also the base for the H&S pattern. Ahead is the level of 0.618, from which a pullback might follow, and if the price makes a false-break of the upper boundary of the channel, there is a chance to see the continuation of strengthening of the euro. But in case of breakdown of the key area and consolidation of the price under the channel resistance, the price may fall to support 0.9926. Regards R. Linda!
by RLinda
13
HINDUSTAN UNILEVER ANALYSIS!!i want to say a lot of things in this idea. so i will take it step by step, and be with me till the end of it. first lets talk about the trend lines: TREND LINES: the blue lines: are the trend been followed by the stock past from the corona crash. the major black lines is the new trend which should be followed by the stock. this is because, the 2020 crash gave a boost to markets, and even many other sectors got benefitted from it. HUL is the market leader, and do takes a good position in NIFTY 50, the fmcg sector has a good future(said by many analysts), the sector is forming and be gonna great in coming future. HUL will support the above statement. the trend is drawn by the markets consolidation, and major points of resistance and support. the red lines drawn are just crucious level to watch when to buy/sell considering only short term swing trading. yup, more can be drawn, but i found out those as much more crusious the major green line is the support taken by the stock, after the FII selling been stopped and markets started to recover, and make the stock come back to its new trend. 2nd step: FIBBONACI RETRACEMENT: recently the stock came down and stopped at 0.5 level. and now it is followed by going upside, with a green candle. this week will be a could positive reaction of the stock. offcourse in the month of DEC, i am positive too. (fibonnaci is taken from the lowest point of 2020 crash till, the ATH of stock). 3. RSI INDICATOR. do note in the weekly chart of this stock, the RSI have mostly ranged from 45-75. currently its around 50, so this increases a lot of chance that HUL is undervalued. FINAL POINT: i could still more add more indicators, to show, but not to consider over analysis, or say not make my idea so lengthy. its obvious more this 3 points(stated above), that HUL is a great to buy at this level. one could earn about 20% from the swing trade, and about 40% return annually.
NSE:HINDUNILVRLong
by raghavchoudhary2016