Fibs
Entering Market by Fibonacci's Golden Section As I noted, the market almost always provides the most profitable entry points.
Define them will help the golden section of Fibonacci, namely the ego magic numbers.
By following current theory, i suggested, that the price will dropped to the level of 0.786% also, i put my buy order on this level, and turned out to be right.
There is also a chance to pass by the entry, but in percentage terms this probability is exactly proportional to the input numbers, namely 0.236%
Take a look at the numbers and the overall picture.
Well, at this stage (0.786%) the shadow of a candle on which level you can place a buy order, will inevitably work. Of course, in percentage terms.
Don't forget to read about Money Management.
Please, like this idea if you agree, or comment if think differently
Good luck in trading!
EURGBP LONGfeel this is a very simple/easy setup. the pair has pinged off the 61.8 fib to continue its uptrend.
Crash! Boom! Bang! Bitcoin is gonna fall down hard. I think before we can see clouds, we might fly through the hells gate. Observing price movement and whole Bitcoin history we can notice that the price is almost always came back to a certain levels. Not an exception that the bottom can be a point of where departure was.
Please, like this idea if you agree, or comment if think differently
Good luck in trading!
USDCAD Potential short tradethis pair has been trending very. It appers we are about to make a high low. I will be looking for a short opportunity to the -0.27 mark would be my take profit mark.
usdjpy longthe pair has been consolidating on the 4 hour and 1 hours charts and waiting for a confirmation of a break out to the upside. as soon on the daily we are looking at a higher low indicating the potential for the start of an uptrend
aud/usd, wait for breakoutflag has appeared whilst in consolidation, could break either way, one to keep an eye on.
AUD WEAKNESSPLACED SELL LIMIT ORDER @0.75337 PREDICTING TRENDLINE RETEST AND FELL DUE TO THE WEAKNESS IN AUD AFTER RBA INTEREST RATES REMAINING THE SAME WHICH LED TO BEARS TAKING OVER. LOOKING TO TAKE PROFIT @WEEKLY SUPPORT .
GBPUSDABCD trading C leg
Strong resistance
Fib level 78% line matches up with strong resistance on daily chart
trending down stalling then continuing
Sell order at 1.25478
break out of the uptrending range
Facebook Potential ShortOk there seems to be a lot happening to back up a short.
RSI Divergence
Reversal candle
Falling volume
Previous support acting as resistance pushing down on price
This setup has occurred several times in the past and every time it falls around 15% this would take us to the major trend line and 78.6% fibs.
All in all this is looking like a good setup, wait for the price to break the lows of the doji or if your conservative wait for a break of the trend.
EURUSD: Bullish entry at the fibsHi traders,
On the EURUSD I'm looking to enter long at the Fibonacci confluence area.
Entry: 1.05504
Stop: 1.05423
Target: 1.05835 = R:RR 4.09
Cheers!
GBPUSD BuyThere is a confluence area I am seeing here on GBPUSD at the 1.22500 level. Watch the area closely for a chance to buy the pair.
USDJPY possible pullback 4hr chartI'll be waiting for a pullback to begin assessing price action in and around the green buy zone. Looks like a decent area of confluence to get long.
GBPJPY showing a bullish retracementHello, I see a potential retracement zone between 0.5 and 0.382 fib levels. 138.141 line can act as a strong support area as price have been bouncing on it right from the weekly chart. I will go long if price closes above 138.141 level
XAUUSD AREA TO WATCH + TARGETSTouched Daily support with fib confluence. Personally i'd like to buy gold a bit lower but because we have bullish divergence and a structure on the 4h i will be closely watching for buying opportunities in this area for a nice little retracement for gold. The black boxes are target levels that i'll be aiming for. Happy holidays and all the best for the new year!
BEAR BAT AUDUSDOn the AUDUSD 1HR chart we have a short opportunity with the completion of this bearish bat pattern.
Potential targets for the pattern will be at the 0.382 (@0.7195) and the 0.618 (@0.7183) retracement of the C to D leg. The stop loss is placed above point X.
GOOD LUCK!
BEAR BAT EURGBPJust placed my orders for this bearish bat pattern in the EURGBP with 1st target @0.8470 and 2nd target @0.8426.
GOOD LUCK!
USDJPY: Short Term ShortThere are two pinbars form on the 4H on the USDJPY at the 71.8 fib level. I believe price is still going to go higher, possibly 120.000. But for now, the price will retrace itself. The 2 pinbars are usually a great sign of a reversal. I would sell with a SL at 190.000. My target would be the previous support 116.000. If it breaks support, price will go lower. But I believe there is one more up move to test the trendline at the 78.6 fibs. After that we should have a higher chance of finding a good sell on USDJPY
