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Retracement

AUTO STOCHASTIC RETRACEMENT... 100% WORKINGalways we talk about fibonacci retracement and we know it can gives us good idea about the best key levels on the chart.... in same time i used to use stochastic to get that strong confirmation point to open or close postion... and i found this stochastic retracement this level 0.9 0.5 0.2 0 -0.2 -0.5 -0.9 and it works with all time frame and pair's............. stochastic sitting is (10,7,7) ==================================================================== this is some chart on different time frame 1 hour 4 hours 15 min ======================================== good luck
by MOHAMAD-KL
Chainlink at a fork in the roadSitting at $7.60 resistance, chainlink looking to test $9 but having difficulty doing so. Possible retest of support around $6.50 if it doesn't break upward. Watch out for the false break higher. Keep an eye on the candles. Watch out for long candles in the current stagnant trend, if that happens expect an inevitable retracement depending on the direction.. expect a hard retrace lower to an unbelievable $4.80 not currently looking that way but keep an eye on your tops and bottoms.
L
by Brother-Doug
DXY Dollar Index :- Day Trading ShortsPrice Chart making ASCENDING TRIANGLE on bigger time frame and on 12H TIME FRAME we see HANGING MAN on the top of above the TREND TINE and price is going to RETRACE and test the SUPPORT area then continue to the BULLISH SIDE ... We see on LOWER TIME FRAME price making LL 1 LH 1 we wait for price RETRACE back to LH then we enter that trade one possibilty is that and second is we wait for break the support area and retest that if we see comfirmationn like candlestick pattren or momentum then we looking for sells TVC:DXY
TVC:DXYShort
by ARQAM_SHAHZAD
3
EURUSD 4 - HOUR ORDER BLOCK MADNESSHi Traders, Today, I want to go over two trades that I took. These were short positions on the 4-hour Time Frame. Both of these positions were based on Order-block entries. Once I identified my Order-blocks, I waited for the price to retrace back into my retrace zone ( The green box on the chart ) When the price retraced into that zone, my short positions were opened. My targets previously were the price structures below. The Risk/Reward was 1 / 4 I only enter these types of trades if the price does indeed close below previous support. NB ONLY if price closes below previous support. These OB positions are lovely when they show up. Clean, simple, and easy to see. There is no reason to make your trading complicated. Keep it simple! Enjoy the video below for a clearer explanation. See you all on the next one, The Vortex Trader
Short
by TheVortexTrader
Time for a USD retrace move? The US Dollar has been bullish for months... Global economic uncertainty caused by inflation, COVID, and the Russian and Ukrainian conflict have caused cash to flow to USD assets. Could the USD be currently over-valued? My analysis suggests that USD price is due a retrace move, especially on very over-extended pairs such as USDCHF, USDJPY, EURUSD and GBPUSD... Analysis for USDJPY and GBPUSD below... USDJPY - 9 consecutive bullish weeks (almost a record?) Weekly RSI currently hitting over 88. Lower time-frames show weakening upside momentum. Possible retrace move due to previous monthly resistance at 124.00. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money USDJPY put options) GBPUSD - testing key support area around 1.2200. Weekly RSI hitting around 22. Possible inverted head and shoulder trend reversal pattern (or range) on the weekly time-frame. I am expecting the retrace move to start by the end of June (hopefully this week as I am already holding out of the money GBPUSD call options). Don't get me wrong, I expect the USD bullish trends to continue, perhaps now is just a good time to get off any long positions and open those shorts... Fingers crossed!
by Samuel_Morton_Trader
GBPJPY | Perspective for the new weekFollowing over 200pips profit during the last week's trading session (see link for reference purposes); it is obvious that the GBPJPY pair has been displaying a back and forth set-up within a tight range of 160 and 164 areas. With the possibility of the incitement of a retracement wave, the possibility of a bullish momentum can not be ignored as the key level at 160 remains a strong level for buy opportunity going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
SHOP, At What Prices May This MAJOR Correction End?How far SHOP can go down? There will be a bounce ? If yes at what possible prices? We accurately predicted the stock path several weeks ago by means of Elliott waves and called for a Big Shor t at ATH ! What is next? Currently SHOP is in a MAJOR correction. SHOPIFY completed a primary degree wave cycle which was started at 18.48 USD on Jan 2016 at its ATH (1762.92). This wave cycle lasted for 6 years and showed 95 times growth from the very bottom to the very top. Since then , Stock started a correction to that cycle which is primary degree wave 2 . This is really a sharp decline. As shown on the chart It is now reaching to 50 % Retracement of primary wave 1 at 890 USD. Possible labels in correcting patterns are shown on the chart. It is not know at this time which labels ( e.g 1 or A ) is a true one. We have to wait for correction waves to unfold in order to decide between them. Can it go further down even lower than 50 % Retracement? Of course it can ! I am afraid to say that Unfortunately most possible Retracement for large degree wave 2s is 0.786 level . If this happens SHOPIFY may see unbelievable 391 USD at the end of correction. For now lets hope for higher Fibonacci levels e.g 0.618 Golden Ratio at 684 USD. Although It is possible for the correction to end at all shown Fibonacci levels , I tried to give them a probability ( As I see) by means of thickness of arrows with narrowest to be least probable and thickest to be the most. Good news for long term investor and holders is next long term bull run which is primary wave 3 will push the price up to above 3000 USD ! We keep it in watch and go shopping in appropriate time ! Lets follow !
NYSE:SHOP
by SaeedSajedi
8
GBPJPY | New perspectiveWith a bullish momentum on this pair; I am looking forward to taking advantage of a potential counter-trend opportunity in the form of a retracement phase for the Pound with a take profit target at retracement into the golden zone on the daily time frame. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURUSD Double Bottom Is A GoHi Traders, On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame. We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone. We have seen this play out. The DXY began to retrace, which helped the euro gain some steam. Now, we wait for a retrace deep into the yellow zone. Beware of stop hunts, Smart money knows that retailers use these patterns all the time. My RR is still 1/4 See you on the next one, The Vortex Trader
Long
by TheVortexTrader