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Fibretracement

Will IAG overcome its bearish channel started in Nov 2020?Today, the company has passed 0.236 Fib retracement level and now is touching the upper boundary of the bearish channel it's been immersed since Nov 23, 2020. RSI 14 is about to surpass 70 level, which usually means a change of trend and that would be bad news for IAG's investors. Either technical and fundamental perspective looks bearish. Easter holidays are almost here and covid19 3rd wave has not weakened although it looks like it's going to (at least in Spain it looks like it's changing its trend). Should big player countries such as France, Germany or the UK enforce strict restrictions on flights and mobility once again, IAG would fall again towards 0.5 Fib retracement at least making it very probable to break that support level at 1.50 and go again to historical minimums at 0.97€, with investors worrying about the viability of the company and whether it will really comply with the absorption of Air Europa for €1000 million. If IAG was to back off the deal, that would be a breath for its investors. No signs of that though.
BME:IAGShort
by alexinve
CADJPY - More room for the up side?!Happy Monday! I came across this great quote, “If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” It's Monday - Fresh start for the week, start it in a good positive manner. I see so many people make excuses within trading the words, ' I can't do this' - ' You won that trade by luck' & lastly, 'What's your secret for earning the figures you do?'…Truth is, I don't have a crystal ball 🔮. I just work hard 7 days a week and why do I work 7 days week? My career isn't work for me it's my passion and I am very fortunate to have a sibling and friends with same mindset, who you surround yourself with is very important - I live and breath the markets and I wouldn't have it any other way. Find something that you are really passionate about and pursue it further, I am 100% sure you will gain automatically more capital by doing something you really love! Technical Aspect - CADJPY Pattern: Wedge Support: 82.420, 82.330, 82.120, 81.840 Resistance: 82.720, 83.050, 83.325 200 & 50 EMA - Great PB area's for long position, Once confirmed. I am not signal provider and I never will be. This is just a trade idea - Add your own trading plan for further confluence! Have a wonderful week ahead. Best wishes, Trade Journal (Disclaimer: Just a trade idea, not a recommendation)
by Trade_Journal
$ANKR/BTC 4h (Binance Spot) Falling wedge breakout#Ankr is on historical support and breaking out that bullish wedge, I am filling a bag here. It is hard to have a tight SL since we could be stop hunted easily, so I went for a wide one, same for targets! Current Price= 0.00000025 Buy Entry= 0.00000026 - 0.00000022 Take Profit= 0.00000038 | 0.00000047 | 0.00000062 Stop Loss= 0.00000014 Risk/Reward= 1:1.4 | 1:2.3 | 1:3.8 Expected Profit= +58.33% | +95.83% | +158.33% Possible Loss= -41.67% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 1x Estimated Gain-time= 720h
Long
by TradingOn
2
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter. If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long! Current Price= 0.9360 Sell Entry= 0.9329 - 0.9569 Take Profit= 0.8769 | 0.8124 | 0.7371 Stop Loss= 1.0018 Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65 Expected Profit= +14.40% | +28.04% | +43.98% Possible Loss= -12.04% Fib. Retracement= 0.618 | 0.786 | 1 Margin Leverage= 2x Estimated Gain-time= 120h
Short
by TradingOn
2