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.
Goldenratio
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.
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Litecoin downtrendLitecoin appears to have started a downtrend here, same as pretty much everything else. Looking to short the .382 fib levels, rebuy in the golden pockets. Not financial advice, I may be completely wrong!
AMZN fail. Golden pocket breakdown.AMZN stop loss broke... However, if your a trader, 9 times out of 10, you have to take that trade.
"LONG" USD Falling Wedge Pattern!!I believe we are in a falling wedge pattern which could potentially take us to 6.42 and coincides with the fib retracement( GOLDEN POCKET) between 0.618 and 0.65, the 200MA marks the end of the wedge and could be considered as strong support for this move upwards. Also there is strong hidden bullish divergence on MACD & RSI ...
- Ofcourse we must not disregard a few negatives which are that we have just had a death cross with the 50MA crossing the 100MA downwards.
I would love to hear your thoughts about this analysis, as i am always trying to learn and gain experince using different techniques!!
I am not trading this Trade nor do i advise on using it, this is purely educational purpose only.
Thank you.
Pusudaki Kurt... ZCASH - ZECBTC - WolfewaveAlim için 0.017600'lü seviyeler beklenmekte...
Hedef 1 ve 4 no.lu noktalarin kesisimi olan çizgi...
Bitcoin Bearish but not breaking 6000 support If we keep getting lower highs and neutral lows , It is likely/plausible that we might develop a bullish bias
as long as we hold the 6k support line , its looking good gents
if the 6k support line is broken we should continue a bearish bias/trend for a few more months more unfortunately
Sell NZDCHFTrend continuation. I believe the bullish pullback is over and the long term downtrend should resume shortly. We are currently sitting at the golden Fibonacci ratio and the price is located towards the top of the pullback channel. We can see price testing the top of the channel more than 4 times indicating the buyers are getting exhausted and sellers are very likely to take over.
The fundamentals are also aligned with our technical view of this pair:
The most recent economic release with the greatest impact for NZD was the NZ Quartely CPI, which took place on January 24, 2018 at 9:45pm GMT. The Deviation for the NZ Quartely CPI is 0.3% and the Forecast at the time was 0.4%. The actual figure came in at 0.1%, which was a negative surprise for NZD
The franc also trades as a more stable alternative to the dollar, euro or British pound in times of turbulence and uncertainty. While there are really not enough francs in circulation to use it as an alternative to these currencies, traders and speculators nevertheless seem to prefer the franc when conditions get dicey in other economies. With all the uncertainty with the euro and pound recently with the pound and euro I am expecting volume to increase in the swiss franc which might push the currency higher.
GBP/USD Short Setup- Breakout of parallel channel
- Confluence: 61.8 fibonacci level rejection on H4 which happens to be my H4 resistance level (1.3210)
- EMAs crossover with price action below supporting bearish bias
- Bearish sentiment on sterling with uncertainty looming over brexit
- Price seems to be heading back towards the 1.3000 psychological level
- 60 pips target with 30 pips stop
(2D) The eventual right shoulder $eurusdOANDA:EURUSD
Now threatening previous structure resistance, it's also the bullish alt bat pattern default first target, the 38% fib retracement.
The inverted head and shoulders default projection will put the price at previous structure support forged last March 1st, positioned at 1.2164.
The bearish deep crab pattern positioned at 161.8% extension on hold at 1.21, at confluence with the golden ratio at 61.8% fib retracement and also at left shoulder highs from September 8th 2017 to form the so expected and eventual right shoulder.
Trading below the head and shoulders neck zone will increase the probability to trade lower, and trading below the inverted shoulders, as previous support, will also increase the probability to retest the previous support, the bottom, or even lower.
Safe Trades;
XRP likely to see more profit-taking this weekPrice broke lower bearish trend line resistance and rallied higher last week. The upside target for the breakout (marked with black arrows) hit and found selling interest, or likely profit-taking near the objective. Selling interest also came in as the next upper red bearish trend line was tested.
Price is slipping lower and is likely to test the red 61.8% Fibonacci level (.4695) as support this week. Indicators show this level holding if tested, but if momentum starts to switch back to the bears while price approaches the golden ratio, look for a drop all the way back to the breakout point or support 2.
Weekly S/R
Critical Resistance: $0.7972
Key Resistance: $0.6125
Key Support: $0.4695
Critical Support: $0.3171
