GBPCADClear PRICE ACTION.
Break & now waiting for retest.
Golden Ratio at SUPPORT turned RESISTANCE.
Stops above previous High.
R/RR:2
DO NOT ENTER THE TRADE IF THERES NO REJECTION
Goldenratio
XAU BEAK DOWN THE SUPPORT(4H)after the brok down the trend the price stoped on the golden fibonnaci level(50%)
if next cundel close under 50% level take immediately a short trade (SELL)
TP : 1642
SL : 1711
Golden Ratio on Any Chart - Interesting Results Notice how the following numbers are resistance and support. Breakdown any stock using the fibonacci retracement tool and start at zero to a number listed below that is above the all time high of the stock. Notice how the 23%, 38% and 61% will match one of the numbers on this list. Now apply fibonacci retracement tool in between any of these percentages and you will again find key levels. Break it down again and again to find key levels for lower time frames.
I'm fairly new to technical analysis , so I don't know if this helps. Any comments?
1.61803398874989000000
X
0.00118624128964227000
0.00191937872549970000
0.00310562001514197000
0.00502499874064165000
0.00813061875578358000
0.01315561749642520000
0.02128623625220870000
0.03444185374863370000
0.05572809000084210000
0.09016994374947550000
0.14589803375031700000
0.23606797749979100000
0.38196601125010700000
0.61803398874989600000
0.99999999999999900000
1.61803398874989000000
2.61803398874988000000
4.23606797749975000000
6.85410196624959000000
11.09016994374930000000
17.94427190999880000000
29.03444185374800000000
46.97871376374660000000
76.01315561749430000000
122.99186938124000000000
199.00502499873400000000
321.99689437997300000000
521.00191937870500000000
842.99881375867400000000
1364.00073313737000000000
2206.99954689604000000000
3571.00028003340000000000
5777.99982692941000000000
9349.00010696277000000000
perfect .618 fib bounce breakout from bullpennantPhi once again proves why it is the msot revered ratio in all of sacred geometry as the bull pennant broke out of its falling wedge flag at the precise .618 fibonacci retracement level! Phi truly is the golden ration...target is the 6878 horizontal-7k or so.
Relation Between Black Gold Price and Fibo Golden Ratio Oil prices have fluctuated since the 1990s, but there has always been a golden Fibonacci ratio between two consecutive peaks.
According to Fibonacci's law, the best price for oil is $ 48 and the expected future price trend can be seen in the idea.
SPX Is In near of Fibo Golden ratio . (2300 in 0.681)Spx decline to 0.618 Level.
if Spx can not retrace this level then It plunges into the depth of SPX easier.
Is It possible that S&P Fall into 2300in S&P Curve, Fibo Golden Ratio is consistently validated and for this reason Shark Pattern Indicates that Index is ready to 2300 in First Target.
Golden Ratio - $SPXIt is really pretty when you see it. Large Moves Across a Multi-Year Chart that take a pause at .618. Low December 2018 to High February 2020. Randomness and Chaos appearing as Order.
AUDCAD LongConfirmations:
- Target od a bearish Squence(Daily)
- Higher Highs/Lows (bullish Priceaction)
- Break of last Resitence
Enter at the Golden Ratio of the last Impulse, don´t forget Breakeven
Checkout my other Ideas ;D
Bull and Bear CoinsBull and Bear Coins give an Exaggerated perspective on the state of the entire crypto market?
EURNZD SHORTIf EN hit our Target we
will enter at the 0.618
Fiblevel. (retest on doubletop)
Don´t forget to set Breakeven
Checkout my other Ideas :D
EURUSD Long ConfirmationConfirmations:
- We´re in a secondary Targetzone from the Daily Perspektive
- Higher Highs Higher Lows
- Finished Target in the 1 h Chart
- Monipulation is coming
Don´t forget Breakeven ;D
Checkout my other ideas!!!
EURCAD LongCondirmations:
- Weekly supportlevel
- Broken Trendline
- Higher Highs/Lows (bullish Priceaction)
Ideo entry at the Golden Ratio, Checkout my other Ideas;D
GBPAUD : LONG TRADE IDEA (150 PIPS REWARD)GBPAUD is looking bullish as buyers are strongly holding the 61.8% fibonacci level, Hopefully bullish sentiment continues with this momentum and drive price upwards towards 1.95900 level(TP level). Price could find its way back to 1.97500 in coming days maybe.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
AUD/USD: long ideaWe have plenty of signals that this 3rd TL bounce may go up from here. Im still waiting for the exact signal, but this can be a good one as the D candle closed nicely.
Upside targets are still to be considered, the first one being the highest close price of the last run.
Bitcoin : The beauty of Golden ratioHello fellas, welcome to the another day of the uncertainty and flatness for bitcoin. As a mother of all cryptocurrency, it's very tense that the price is moving with a lot of uncertainty and doubt. Now, I want to acknowledge you all with my current bitcoin bias which is very important.
First of all, I want to explain about the golden pocket. The golden pocket is the area between the .618 -.65 on fibonacci retracement. And the .618 itself is also called golden ratio, It appears many times in geometry, art, architecture and other areas including trading. Whenever the price is touching this golden ratio zone, you must respect it as a major support or resistance because that's how trading work. You can't go against this golden ratio otherwise you'll keep losing.
On the chart attached, we can see that on current down trend moves, there are 3 impulses moves and 3 corrective moves. On every impulse moves, I give the series of swing high and swing low, This labeled point is where I connect the fibonacci retracement to measure the corrective wave target. And on the 1st and the 2nd corrective waves, the top of corrective waves end up with a wick at these golden pocket range! is that a coincident? very interesting!
Now, I want to show you at the 3rd series of impulse and corrective waves, It's where we are right now. The golden pocket zone is above the white resistance trend line. But, current price action shows us there are a lot of uncertainty and fear which make the bulls losing momentum slowly. The corrective waves 3 is trending slightly below 0.5 fibonacci retracement level. But, there is still opportunity for the price to have a spike to golden pocket zone although relatively small.
The consequence if the price fails to break this 0.5 fib levels as resistance, we might see a horrific down trend moves and potential lower low. This is simply because we see the bear are in complete control over the market with the momentum of correction wave is diminishing from .618 to .5 fibonacci level.
I just can say, stay away from bitcoin right now. Longing at resistance is not a good idea, but shorting without the confirmation of lower L and lower H clearly is not wise. Although I'm on bearish sight, I'm still lack of confidence to open any position right now.
XAU Harmonic IdeaHello Traders
Here is an idea of how the H4 could play out as gold experiences this correction.
Hard to pinpoint longer targets on gold but our old charts are doing really well.
I do think a lot of this is news driven but simply a catalyst to a beautiful chart setup.
Good luck traders
BTCUSD LONGSBTCUSD is on the trend line rejecting with a hammer pattern that signs to a continue of the push to atleast $14.000. also there is an golden retracement of 61.8% on the weekly chart. feel free to like and give your opnions on my analysis.
Trading set up for bitcoinHello fellas, happy weekend to all of you. Once again, our analysis has came true and we can see that in the last few hours the price of bitcoin has going down of more than 3% and it is now testing the current phenomenal support around the golden pocket zone .
If the price can break down of current support, I will open a short position with current set up applied on above chart. Risking for around 4% loss and targeting the huge 14% of going down will produce a perfect risk to reward ratio around 3.62 . This RR is pretty acceptable with high probability set up.
A peek into the pastMATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel.
Two detectors predicted the top
Golden Ratio Top Detector (UO_GRFM)
Mayer Multiple
Golden Ratio Top Detector also showed the potential bottom correctly.
Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting.
Also note that is about to jump to an upper Fibonacci channel(78.60%) from 100% channel-- very bullish if this happens
