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618retracement

EUR/USD 2HR 3 Touch Trendline & 61.8% Fib Retracement RejectionMonitoring this pair all week to see if we could get a spike to the upside to try and test this obviously downtrend we are currently in. The latest news that came out for the US gave us this spike with a perfect touch of the 61.8% fibonacci retracement level and a close below the trendline. This looks to be a perfect short entry. I would wait for a 4HR close but I do Believe this a great trade with a tight stop loss. Aiming to take profit at 1.10541.
Short
by FXEntries
TRXBTC - Falling wedge and Bullish Bat PatternFound this potential Long setup - Falling wedge developing now and slightly lower is my Daily Bullish Bat Pattern coupled with my Demand Zone . Wait for price to show, if it breaks out from the wedge , looking to buy the pull back since RSI already showing oversold and divergence. If price goes lower, look to buy after bat completion at PRZ and near 61.8 retracement. I see potential profit on the upside. Do like and share this post. Follow me if my trading style suits you as I will be posting new trade ideas and analysis regularly.
Long
by TradeWithWayneYia
Testing Support for Bulls on $BTC Daily ChartSupport at the 61.8% level from the latest low and high is being tested as support. Daily momentum is posting weak signals and likely not enough to push price through the golden ratio. The ADX is still in a trend strength zone, and the directional index lines are flattening out. This looks lie a picture of a correction against a new near-term bullish move. The RSI is holding support inside its bullish zone at the same time price is trying to hold the floor along the 61.8% level. If this level holds as support I can see a 5-wave scenario to lift the price to the 61.8% Fibo level in the coming weeks. Wave 2 can retrace all the way back to the beginning of wave 1 and still be legit. My sell stops would be a new low under $3215.20. For now the floor holds and higher prices ahead in the coming weeks.
BITFINEX:BTCUSDLong
by FiboSwanny