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Retest-structure

GBPAUD Retest Neckline, Reversal off .382 & .618 Fib ConfluencePrice was rejected at 1.84500. This is why 1.84500 is an extremely significant level of rejection: 1) This C level correlates precisely with the .382 retracement of the AB Impulse Leg 2) This level correlates precisely with the .618 retracement of the Impulse Leg 3) This level is a perfect retest of the broken Head and Shoulders Neckline. 4) This level is also surrounded by a strong area of structure (highlighted in yellow) Best of luck traders! Please support my page by Liking, Commenting, and Following me. I really appreciate the motivation! Contact Me: Telegram: @AidanMDang LinkedIn: www.linkedin.com Or simply send me a message on Tradingview! See my recent GBPAUD Posts Below:
Short
by AidanMDang
2
EURAUD outlook#EURAUD Price reacting to a zone and rejecting the zone looking for a break and retest. We have a trend line obstruction that we’ll need to break through. This downward move comes from a rejection of a channel on the daily. The first move I see is the continuation downward until we get to the weekly zone which will be difficult to break through. My entry for a buy would come after a clean break through the yellow box and a retest between 1.58162 - 1.5832 (SELL) Tp1: 1.58011 Tp2: 1.57833 Tp3: 1.57571 Tp4: 1.57251 If price pushes up and rejects near the trend line, which I see reacting to price near 1.58923 (SELL) Tp: 1.58463 Tp: 1.58653 Tp: 1.58011 Tp: 1.57833 Tp: 1.57571 Tp: 1.57251 If we see price push up we’ll target the trend line as the move and break through the yellow box and a retest between 1.58162 - 1.5832 (BUY) Tp:1.58522 Tp:1.58748 Tp: 1.58923 Consider the news tomorrow evening on AUD at 7:30pm est if the setup have not reacted by then.
by Cory4rex
Trade Ideas Position: Gold GartleyNot the best bearish Gartley I would be trading, just look at Pt C touches the closing price of Pt A, make it a retest of Support. If the market did not have a series of lower-high. I will have to see how the candle close and form up at Point D before engaging the trade. Stops above X will be above of the lower-high trendline. Exact Entry, Stops and Targets will be share to my subscriber. In just the month of Oct, we shared a total of 2,333pips of net profit. In order not to miss another great trading ideas again, just subscribe to us at the link below: forex100academy.com
FX_IDC:XAUUSDShort
by RaynLim
Short the retest of the blow-off top formation in BitcoinThe BTCUSD has made a blow-off top after a parabolic advance to just a couple hundred dollar below 20,000. The parabolic rise is very typical to all speculative bubbles which I have seen multiple times in my life. This parabolic advance has trapped a great deal of unsuspected speculators which creates heavy overhead supply. I see price finding resistance at the first supply area, which coincides with the 61.8 fib of the whole decline (measured by highest and lowest open/close not the wick). I see price moving lower from here (but I could be wrong on that) based on what I see from the price action. The down side target is 10733 then followed by 8327. The main obstacle for the extended move to the downside is that the buying interest is still quite buoyant below 14,000 mark. In order to fend off the buy interest, it is most likely, on the way down, to run higher again to trap more longs on the wrong side, and then break decisively to the down side.
BITSTAMP:BTCUSDShort
by chenb1981