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Fibonnacci

GBPJPY SHORTA good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price action. If you have any ideas supporting or on the contrary to my opinion please leave a comment. thanks and happy trading note: I am already short the pound in the form of a long EURGBP trade so I may only enter if that trade moves in my favour as I do not want to be over exposed to the pound, but I am definitely bearish.
Short
by EireTrade-Capital-Management
Dow Jones : Long up to 25 300 ? (Elliott's Waves)After today's situation, I came to the conclusion that we are in a 5th wave that can lead up to 25 300, AS LONG AS IT DOESN'T GET TRUNCATED 25 300 would match a 0.618 retracement of the big drop to 18 200 If we reach 25 300 and then move back down, it might mean that we would start the 3rd wave (3 out of 5) which would go lower than the first wave (at 18 200). I might go long if we break the 3rd wave high, and then if we hit target of 25 300, all SHORT !
U
by nightcall_fx
3
EURUSD This impulse was expected - Let's zoom inDear all, See my previous post "Last leg of a larger retracement": The EDT was expected to unfold and the full retracement to stop at Wave 2 level. This occured. From there we see an impulse which is shown here on the 5 min !! chart. I would like to give you more insight how I interpret the chart based on wave analysis. Current Situation: We see an impulsive in wave (i) and a correction in w. Then the price moves higher in wave x. Now, wave x is very important. Many people think that this is a new impulsive wave and go long. From my view this is wrong. A retracement always ends with an impulsive wave (maybe I will show this in a video taping. Difficult to explain in written format). And the previous leg of x was not impulsive. Going Long now bears the risk to be knocked out. Therefore be patient and wait for the last impulsive decline (i.e. confirmation). Btw, technical analysts will call this later "the price has tested the trendline". So I expect this decline to happen down to the marked rectangle. If the wave y stops there, this might be a good entry point for a long trade. Nice Weekend Merakshi
Long
by merakshi
DAX - Short - 0.382 Fibonacci Retrace - March 11th Resistance0.382 Fibonacci Retracement & March 11th to break through Plenty of positivity in the day (Oil, New York Virus Regression, Mortgage performance, Slowing death rate in europe i.e. Spain and Italy) At a point of 2019 lows which could prove difficult to breakthrough previous support back in 2016. This consensus definitely forms a basis for a short trade or if your optimistic see if it breaks through this resistance and let the bulls continue to drive forward.
DShort
by darrenkav25
NCLH - Fibonacci retracement shows first level of resistanceNYSE:NCLH Norwegian Cruise Lines (NCLH) recently ran into resistance as sellers prevented the stock from going past the .236 fibonacci retracement level earlier this week. Furthermore, recent options activity shows bearish sentiment with NCLH put/call volume ratios of 2.07 This means for every 1 call that trades, there are 2 puts are being traded. The Put/call open interest ratio is a little more narrow at 1.20. (Ratios were taken at the time of when this article was written and are subject to change). With the prospects of receiving a bailout is not looking good for the cruise line industry, there are mixed signals from the White House that leave many investors wondering whether to buy the stock now, or wait for another drop in the stock. Many cruise lines have suspended all operations for 30 to 60 days. So we will be monitoring the impact that has on the stock. The White House is expected to pass the massive CARES act, which may provide many U.S. companies the eligibility to receive loans or loan guarantees from the Federal Government. The major cruise lines are not incorporated in the United States, which the President knows and mentioned last night that he would like to see them come to the United States... and that he wants to assist the cruise lines. <- You can see now why it's a toss up as to whether or not the cruise lines will receive financial aid from Federal Government. Based on all the public information available, where do you think NCLH is heading? Up or Down?
NYSE:NCLH
by UnknownUnicorn6775423