Goldenratio
GBP/USD nice long positionNice head and shoulder reversal pattern
Price over accelerated needs to retrace and make a new lower high
Choppy market structure at 1.27 support level
AUDJPY BUYWaiting for price to reach the 61.8 fib to enter LONG
61.8 fib is at a major monthly key level
Lite the Way - LITECOIN! (LTC)Hello Traders!
Litecoin continues to, of course, follow the bullish trail blazed by King Bitcoin. In our last analysis, we looked for two targets - $114 and $135.
Our first target, has been hit :)
Now, after the first smaller impulse wave on the 4h, we had a nice pretty 62% retracement. Most frequently, the 127% extension is the safest target for any retracement based trade. We have reached that.
The reason that, I am posting a new chart here instead of updating the old one, is because I want to be able to retroactively view how we do react to the Fib Resistance Fan.
So, now LTC is at the 0.618 resistance going by the fib tool. When BTC broke this level, there was a retest of it, as support, and we then got ANOTHER $1400 move up. At the time, that was about a 20% move. If LTC has a similar reaction to a breakout, we can expect this to push us straight towards our second target $135.
Alternatively, if LTC DOES retrace here, I have placed a likely zone to look for more long opportunities. The yellow box there, is the 62% - 79% retrace zone for the CURRENT impulse wave. Just something to keep in mind, if we do start to retrace here.
There are MANY targets much higher, of course, but with these analyses I am just focusing on the information swing traders are looking for.
I will keep this analysis short, because truly, anything I have to say about what's going on lately, has been said in my Bitcoin analysis.
Good luck traders!
Previous Analyses:
LTCBTC - We are in the Golden ration of Fibonacci RetracementIt seems we have found some support in this area so it's a good time for Long orders. Always use Stop Loss.
xlm/usdt is ready to go down ! according to my analysis xlm/btc will go down because it is at retest of counter trendline break , it is at golden ration or 61.8 level of fibbonacci , it at resistance of 200 ma . just wait for a bearish candle and out from your running buy trade r take a short trade .
please like this post and share with your friends .
FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :)
HAPPY TRADING :)
disclaimer : I could be wrong please take trade at your own risk .
bnb/btc is preparing to go to moon! ( long/buy)when price will come on 61.8 ratio of Fibonacci and support and price is already at 150 moving average just wait for good candlestick reversal pattern for a buy trade on bnbbtc and go for it ;)
please like this post and share with your friends .
FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :)
disclaimer : I could be wrong please take trade at your own risk .
btc/usdt is geeting ready for a huge dump! from 8k to 9k rangeaccording to wave analysis , Fibonacci and parabolic move I am predicting btcusdt for a short till 4200 . must se rejection on d1 to short btc/usdt
please like this post and share with your friends .
FOLLOW ME FOR FUTURE ANALYSIS ON OTHER PAIRS :)
disclaimer : I could be wrong please take trade at your own risk .
Short opportunity in QSCDisclaimer - This is not financial advice and I am not responsible for any losses you may incur, I post this chart only for educational and research purposes. Please trade responsibly and always respect your stop loss. My research has shown that when a 3rd wave extends and ends around half way between the 1.618 and 2.618 region (relative to wave 1), wave 5 tends to end between 1.618 and 1.00 * wave 1 but often will end exactly at the 2.618 extension of wave 1. I will wait for a reversal candle on the 1H chart and take it as a signal to enter this trade.
EUR/CAD POTENTIAL BEARISHT MOMENTUM !!!EUR/CAD TECHNICAL ANALYSIS:
*-Price has broken the trendline & the support,
*-Nice head and shoulder reversal pattern formmed,
*-Retracement on daily reacted to fib retracement zones
*-Weekly and monthly looking extremely bearish with upside spikes indicating a slow down on pricemomentum
*-Waiting to retest the resistance zone to get the best entry,
Fibo Golden Ratio SnR on XAUUSDwhat can you expect on Gold ?
price is drop heavily from last week and minimum target is 1262
golden ratio support found around @1240 - 1238
sorry for late update, best re short position @1280 - 1276 with first swing target @1239
and second swing target @1210
pay attention to reversal pattern @1239, price might rally again because mid december '17 we can see there is big rally there up to 1280 again
EUR/GBP TRENDLINE BREAK GOING TO RETEST !!!TECHNICAL ANALYSIS:
*-Price broke through the trendline and possibly will retest it.
*-On lower timeframe we see price is making lower lows and lower highs.
*-The retest of the trendline fits perfectly with fibonacci retracements.
*-If this setup is executed I'm place my stop loss just above the resistance
zone in case I'm wrong on this.
*-My take profit will be on the 0.859 support level but you can take profits on the -27.00% fibonacci retracement.
*-Might be waiting to see some candlestick reversal patterns before jumping on this trade
#Tradesafe
GBP/JPY LOOKING BEARISHTechnical analysis:
*- Nice downtrend with lower lows & lower highs on 4H & Daily timeframe
*-61.8 fib retracement fits almost perfectly with my resistence and trendline
*-Huge bearish engulfing candle
*-xxxJPY other pairs are also looking bearish
*-On the long run I am expecting this pair to meet 142.5 are
Have everyone a good week and #Tradesafe
Just practicing charting and technical analysisThis is not financial advice.
I expect MO to Fibonacci retrace to the golden pocket area (.618 - .65) and bounce off where we had previous resistance (a weekly and monthly level of significance).
Placing buy laddered buy orders from 48.91 to 47.82 is my idea. There is a chance price dips below the .65 into the liquidation zones a bit below. Set your stop loss according to your own risk.
Take profit at significant levels of resistance/support on the way up.
Golden Fibonacci Sum - 2.618Golden ratio (Phi is an important number). Phi (1.618) has interesting properties that are commonly found in markets. Today we will have a closer look at the golden sum, it's lesser known (don't find too much about it) and can be calculated by taking sum and multiply it again with 0.618, in this way the golden sum will grow to it's limit of 2.618 as the extensions become smaller and smaller from the initial 1 length.
Mathematically the sum can be calculated with the following additions:
initial length = 1
0.618*1 = 0.618
0.618*0.618 = 0.382
0.618*0.382 = 0.236
0.618*0.236 = 0.1458
0.618*0.1458 = 0.090
... to infinity ...
___________________+
2.618
Hopefully you will find more meaning in the number 2.618 after this explanation and find it more significant in your trades.
-TheTrex
A close today under the 61.8% level would be bearish for $BTCWe are under the 61.8% level for the 3rd day, so the close today is important to filter a break.
A close underneath.. cover longs
A close above.. stay long
TRXBTC RSI Bearish divergenceHi to all!
As u can see, TRX had some very nice up, but correction is here!
Price plays a lot out of Bollinger bands, so can expect a pullback. Also look at that nasty doji daily candle from yesterday. Yea, it is green, but that is very bearish candle with long up wick,
RSI Bearish divergences + too overbought
R:R isn't good because of that yesterday wick, but return to golden ratio is 80% more likely for me.
Good luck.
EURUSD-Weekly Market Analysis-Jan19,Wk2Even after Flash Crash that happens on Wednesday and Friday's NFP, EURUSD still on the bearish move.
I will observe should there be a trading opportunity once the market has retrace to 61.8% for a shorting opportunity.
Trade Ideas will then be shared to my subscribers. Subscribe to us now before the promotion runs out for good.
Check out our Oct 2018 results where we achieve a total of 2,333pips of net profits in a single month:
forex100academy.com
Seeing is believing, we are going to do a live analysis on this coming Wednesday, 9 Jan to cover 12 currency pairs market analysis, like our facebook page so you won't miss this again:
www.facebook.com
