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Fibonnacci

GOLD Weekly analysis !!Good day Traders !! Weekly : We have retraced all the way to the last level of the Fib retracement and broke below it , retested it and continued our way to the downside. When we look at the structure the market is printing Lower Highs and Lower Lows through a downtrend channel. We have Two scenarios possible right now : either we are going to grab the liquidity for the big impulse that we expect from the 1740 Area before dropping, Or we will immediately drop and reach to the next demand zone before looking at any kind of retracement. From an institutional perspective we have on Gold a massive drop of the Net position since we went from 280,000 Net position back in early January until 190,000 on the last report that was posted last Friday. Also during the last four report institutions have added a lot of short position and closed close to 50,000 Long position. This is a sign of the very bearish move that is expected. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
OANDA:XAUUSD
by TheDayzen
GBP/USD To reach 1.40 For GBP/USD we are currently sitting on a very strong support level and we do expect the price to reject it and continue it's move to the upside and reach the 1.40 Price. We have a Daily ascending channel and we will target the upper trendline for our long position and then we can look for other opportunities afterward. For the time being from a COT data perspective we can clearly see that GBP is getting very strong and that long order have been filled and we should expect this momentum to continue and reach our target or even more. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Long
by TheDayzen
EUR/AUD full Analysis !!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an impulse correction impulse pattern and we could be looking at a potential target 1.50 Weekly : We are currently on the 5th wave of Eliott for the last impulsion to complete the pattern before the correction sequence "ABC" Daily : We have a descending channel . "M" formation and we expect the price to retest the neckline before the massive drop. Also we have a strong area of supply right beside the trendline. COT : Institution have been shorting EUR massively since they added closed more than 21000 long positions and added close to 7200 long position during the last report. From an AUD perspective we are still looking at a strong AUD even though hedge funds added shorts positions and closed longs and this explains perfectly the retracement of this currency with all the pairs. 4H: We have a strong area of resistance + supply either on the 4H and Daily timeframe. MACD : we are in a bearish environment EMAs: Cut for short for the moment . EMA 200 : We are still below this EMA and could be considered as a resistance itself in case we decide to go higher to grab more liquidity. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
Short
by TheDayzen
RUN - Possible Breakout Opportunity RUN looks like it's finally breaking out to the upside here. Drawn with the furthermost trend lines (purple lines) on the wicks, this should be in a safe spot to expect a pullback for entry in the 75.50 - 76.50 zone before another leg up. There are two areas that are considered the golden retracement zones (50% and 62%) for any possible rejections. These are my interest areas to capture profits. Levels to be aware of are 79.00 / 81.50 / 84.50 / 88.50 on the upside. This plan will be considered a failed break out if it closes under 74 or 73.50 to be more precise. 200-count Linear regression also helps visualize this trend as it's above the midline and continuing to point upwards. Pullback via linear regression also shows the 75.50 - 76.50 area as support. Only downside is that the momentum of the push wasn't as great as I had expected and seems to be fizzling out. Perhaps a sector rotation back into Energy - Clean energy would help push this further. There's also a possibility of a run-up towards the earnings at the end of month. I expect to take off most of my position by then, as their preliminary earnings release (and sell off afterwards) goes to show that investors' money can be better spent elsewhere in the meantime. At least, until it can fit the assumption that RUN is worth what it is at this price.
NASDAQ:RUNLong
by kushrolled100
$ index , Are we looking at a rejection of the weekly Neckline ?Good Day traders !! It's time for an update on the DXY , like we were expecting on our previous analysis the dollar index melt down to retest the Neckline of the weekly W formation, now what's next. We do have some important news coming up on Wednesday and we do expect the DXY to complete the Monthly pattern and test the Monthly neckline of the "M" formation before the continuation to the downside. Also we are sitting right now at the 0.5 FIB level of the retracement taken on the previous impulse leg and we expect a rejection from that area to the upside. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
TVC:DXYLong
by TheDayzen
2
Minuette B Up and Minor Wave C Down ?Our last trade for Wave C Down hit our profit target of 15%. We could see short term price action go up to 33k to 34.6k ish but we would not enter any long position at that small of a wave degree pattern. We are still looking for Wave C Down and would take the appropriate PUMBA signals when they all are in alignment. Looking at the time extension, however, it is unlikely that we have actually seen Wave B yet. Again, given our trading plan.... it is not 100% necessary to have the wave count correct when projecting forward... what is most important is to recognize the direction of the wave!
BITSTAMP:BTCUSD
by tricor2000
Sell IndicesLokking for a sell after the Monday bearish movement, most of the gaps has been filled but the retracement has been past 61,8 level and looking to go up to 78.8 level, there is also the level when the up move to break highest high started and the fake out, or stop hunt if you will. there is no apparent reason for the market to keep making highest high and new all time high, so a sell is much more likely for today in my opinion. it would also meak great Head and Shoulders pattern. Nice risk to reward as well, so looking forword to see how it plays out.
OANDA:US30USD
by clyde0505
This can be a good place to join short position on GBPAUD. 1. Price has been using 20MA as dynamic resistance on its downward path. 2. 20MA is preparing for a cross with 200MA to the downside. 3. Price is at fib level of move AB. This fib level confluences with 20 and 200MA, acting as resistance. 4. Price is currently showing rejection around this area. Though bulls have flexed their muscles strongly for this correction, these confluences suggest that price is around an area where we can expect opposing pressure to step in and take price down again. It will be better timing to wait for a bearish reversal pattern and enter at the open of the next candle following the reversal pattern.
Short
by Chinedumnweke
USDTRY 8.2554 - 2.61% SHORT IDEA* CONTINUATION PATTENS HELLO EVERYONE Here's an idea on the DOLLAR/ TURKISH LIRA which opened with a gap and an aggressive fall with the bears looking for some correction of this move but we'll definitely see continuation to the downside, now the structure aligning with our fib levels is the resistance level 7.96612 which will be our aggressive target going down with the bears for long term updates lets wait for now and see what price tells us. HEY EVERYONE Here's a look at the EURO / DOLLAR pair heading into a new week the pair is currently trading in a bull frag which it can break in any direction but looking at the momentum push with the bulls looking for continuation of this move as it would be premature to go against the trend seeing no signs of slowing down on the pair so on higher time-frames we just have an overview of direction and what is the bigger picture in the markets. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
8