FESX Stoxx 50 Open Short at Very Attractive R/RHi all,
Monitoring closely FESX over the past month, the chance for a high probability high r/r short opportunity has come. Don't miss it even for a small position just to try!
Following the fibo levels (1.618/2.618), it has turned long at end Oct and climbed to a high level of 3467 in this week after passing the 1.618 fibo level. On the 4 hourly RSI, it is clear that divergence has occurred (higher price levels broken on lower RSI level) with price action also clearly showing compression after the 9th Nov spike.
Two ways to trade this:
1. Enter now at around 3450, with stop at 3472, 1st tgt 3248 (r/r: 9x) , 2nd tgt 3110 (r/r: 15x), probability of profitable trade 50%
2. Enter now at around 3450, with stop at 3512, 1st tgt 3248 (r/r: 3x) , 2nd tgt 3110 (r/r: 5x), probability of profitable trade 85%
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Fibotrademasters
GBPUSD Fibo Open ShortAs per my previous post, having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term.
After hitting a low of 1.2905, they have retraced back above 61.8% level of 1.3282.
With stop loss at last high of 1.3520, Risk / Reward ranging from 4 - 5 X depending on entry level, profit target at 1.618 level of 1.2296.
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
XAGUSD Silver Remain Open ShortThis idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive!
Following the NFP last friday, XAGUSD has broken below the previous mth low and looking very bearish in the short term. Continue to lean short and target to clear 15.10 (the 1.618 fibo level) before any mid term bull trend turn.
XAUUSD is also expected to continue a similar bear trend till its target of 1416 is hit.
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Gold XAUUSD Fibo Remain Open Short, Add more shorts One of the most interesting trades of the day! Gold XAUUSD remains firmly in Fibo bear market without having hit the 1.618 target yet.
Testing 1st resistance level at 1490, if break will try for next resistance at 1520 which will most likely hold, barring any wild Trump-Xi antics.
Thereafter trail patiently for target of 1400 to 1410 to be hit. Risk / Reward between 2 to 6 times depending on your entry.
Good luck and please like this post to support more ideas in future! =)
USDJPY Fibo Open Short - Attractive Risk Reward!This idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive!
Having cleared the 1.618 fibo level in the previous midterm bull trend, USDJPY have taken a dip and retracement above 61.8%. Targeting 1st target profit at 107.6 after crossing the fibo 1.618 level.
With stop loss at last high of 109.74, Risk / Reward ranging from 4.5 - 7X depending on entry level.
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
ES S&P500 Fibo Positioning for Long TradeThis idea was first posted on Dec 9 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level.
Following Friday's positive NFP, S&P has turned very bullish short term and looks set to break the recent highs again. The duo fibo extensions drawn have an converging fibo level of 2.618 and 1.618 around 3250-3260 levels
If new record highs continued to be set, expect a target price of at least 3259.50 to be achieved before any medium term trend turn. Lean long thereafter with risk reward >1 depending on entry level, stop at 3069.
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
GBPUSD Fibo Positioning for Short TradeThis idea was first posted on Dec 18 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference after a further dip. Watch out for the retracement to enter short!
Having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term. For traders who have taken my last idea for a take profit level guideline, well done for taking the profit in the pocket.
Expecting support to come in around 1.28 to 1.3 levels before retracement up to 1.32 takes place. Watch for the 61.8% retracement to enter for a 4X risk reward short trade.
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
USDSGD Fibo Positioning for Long TradeThis idea was first posted on Dec 20 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as USDSGD seems to have bottomed out in the mid term.
Having cleared the last bearish fibo downtrend at the 1.618 level, USDSGD is hovering at around this level. An initial rise followed by a retracement will confirm midterm trend turning back to bull.
Watch for the 61.8% retracement to enter for a 4X risk reward short trade. For traders who have higher risk appetite, entering now before confirmation will likely give a 8-10X risk reward (putting stop at 13 Dec low of 1.3510).
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Shanghai Composite Fibo Add LongThis idea was first posted on Dec 10 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level.
Due to request from user tubeSound, Shanghai Composite was analysed and seem to have turned long midterm.
Having cleared the 2.618 fibo level in the previous midterm bear trend, Shanghai Composite looks to have firmly turned bullish , 1st target profit at 3,360 after crossing the fibo 1.618 level.
With stop loss at 2,730, Risk / Reward ranging from 2.5 - 5X depending on entry level. Possible to add some long now and wait for further retracement to 2,850 to add more.
(Note this is in contrast on trading direction with my view on HSI and you may execute both concurrently to have a equity 'hedge').
Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
EURUSD Fibo Remain Open Long, Add more longsEURUSD fibo bas been faithfully hitting 1.618 / 2.618 levels before trend turning since 2017 (scroll backwards to see fibo charts). However this is a tricky one, with EURUSD hitting a double fibo dip prior to this trend turn to bull.
It did a perfect 61.8% level retracement and looks set to continue towards 1.618 level from here.
Midterm target: 1.1470
1st stop: 1.0980
2nd stop: 1.0880
Risk / Reward ranging from 2-6X depending on entry level.
Good luck and please like this post to support more ideas in future! =)
EURJPY Fibo Remain Open Long, Add more longsHaving faithfully hit the fibo levels of 1.618 and 2.618 in last three waves before turning direction, EURJPY looks firmly in a bull trend midterm with level above 123.90 as the immediate 1.618 target.
Current entry level with support (stop loss) at 119.50 will give a 3X risk reward.
Good luck and please like this post to support more ideas in future! =)
Bitcoin BTC Fibo Remain Open ShortWithout hitting the 1.618 level, BTC is still very much remaining in bearish mode in medium term.
For traders still in short from much earlier, recommend holding and trailing it to at least 6,300 level.
For traders looking to turn bull, patience should be exercised till it hit 6,000 to 6,200 levels.
Thereafter wait for retracement before entering for a medium term long position. Happy trading everyone! =)
USDJPY Fibo Positioning for Short TradeHello all, my virgin posting here. Will be sharing more of my fibonacci swing/position trade ideas in time to come. Do give me your pointers if any on how to improve. =)
USDJPY having crossed the fibo level of 1.618, trendturn to short might be on the cards. If this decline reaches close to 108 before retracing, prepare to short at 61.8% of retracement level. Will update again on this trade soon.