Correction of 2009 rally targets 1535.00After the five wave move up, a correction to Fibo retracements is likely over the next 3 years with a target date of 2024. The first target is the 38% retracement at 2072, the primary target is 1535. A break below 24%, 2404, and the lower line of the 2,4 channel would boost the likelihood of meeting the targets.
Stochastic Oscillator
monetha here IF...if the macd can cross positively.
if the stoch doesnt sit on the floor for days
and if bitcoin doesnt fall off the face of the earth
AUDNZD: AUD Weakness at Channel SupportAUDNZD
Timeframe: H4
Direction: Long
Confluences for Trade:
- Waning bearish momentum
- Price action at support of downward sloping Resistance Channel
- Horizontal Trednline support close by
- Stochastics at Oversold conditions (1D and W)
- Widening gap EMAs is large
Suggested Trade:
Entry @ Area of Interest 1.0450 - 1.0510
SL: 1.0381
TP: 1.0709
RR: Approx. 2.32 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Cardano (ADA) - Critical Price point | Falling WedgeCardano (ADA) is mimicking BTC moves.
A falling Wedge is forming on daily chart and currently the price is sitting right on support.
Stoch RSI Approaching oversold zone + bullish Divergence can be seen.
RSI in Oversold Region. A Bounce from this area is very important or else we will see 600-700 zone as a bottom.
USDCHF: Continue Selling on RalliesUSDCHF
Timeframe: H4
Direction: Short
Confluences for Trade:
- Weakening momentum in rally
- Price rejected 50 EMA
- Price action at 38% Fibo Retracement
- Price action at Resistance Trendline
- Price action at Horizontal Resistance Trendline
- Stochastic Overbought momentum (H4)
Suggested Trade:
Entry @ Area of Interest 0.9950 - 1.0000
SL: 1.0049
TP: 0.9842
RR: Approx. 2.00 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
GBPUSD long idea - possible retracement back to the 61.8 levelGiven the recent news for the pair I believe that my idea for a long is still intact, somewhat. A reward/risk ratio that is appealing is attracting me to this idea once again. With an immediate SL level set at 0% the risk, in my general opinion, is small.
EURAUD: Strong Supports; Ready for Bounce?EURAUD
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Stochastic Overbought momentum
- Too wide of a divergence for 8 EMA and 50 EMA
- Price close to Strong Horizontal Support (since Feb 18)
- Price close to a Support Trendline (previously resistance; since March 18)
Suggested Trade:
Entry @ Area of Interest 1.5610 - 1.5670
SL: 1.5542
TP: 1..5884
RR: Approx. 2.89 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
GBPJPY Long Idea - Stoch and Fib usedGBPJPY looks have completed it's retracement, patiently waiting to see if it continues further up back to where it was before. From the 4H timeline, I can see, there is definitely potential there for a upward movement and with the Stochastic pointing up from the bottom there is confidence building in that my idea will play out well.
GBPUSD (H4): Gartley Pattern FormationGBPUSD
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Gartley Pattern Formation almost completed
- Stochastic Oversold momentum in both (H4 and 1D)
- Gap between 8EMA and 50EMA is quite wide, should narrow back
- Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get through this.
Suggested Trade:
Entry @ Area of Interest 1.2830 - 1.2930
SL: 1.2969
TP: 1.3111
RR: Approx. 1.97 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Maxar Technologies ReboundFound support at the 23.6% retracement. Very over sold on the RSI and turning around in the RSI and the Stochastics. 1 week heikin ashi is indicating reversal.
Fell through previous support, which is the first sell target. This matches up with the 38.2% retrace, around $50 - $51. If it breaks this resistance we have two more targets. The first is the previous support line, as well as the 50% retrace, about $60. It was also rejected at the 200 day MA, so it is important to watch this as a key point of resistance. If these two break, we are shooting for the 78.6% ($85) and the previous resistance ($90).