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786 Fibonacci Retracement

Bullish Garley PCZ At Support Above The 200 Week Moving AverageTLT has hit a significant support visible on both the weekly and the monthly at a 78.6% Fibonacci Retrace from the previous low to high. I will expect to see TLT attempt a Bullish Reversal from the horizontal support zone i have highlighted in green. If we get any significant movement below the 200 week moving average then i would exit the trade. As for profit taking levels, i would take some profit once we near the last high and hold the rest as i believe we could go much higher.
NASDAQ:TLTLong
by RizeSenpai
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us. Tendency: Downtrend ( Bearish ) Structure: Break-down | Support & Resistance Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum. ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend . iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target. Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:3 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Nirvana! Forex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published byme for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes 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. NFT&I does 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
EURNZD - Looking for long entry on towards the 78.6% Retracement EURNZD is Bullish - We look to Buy at 1.7770 ▪️ Continued downward momentum from 1.8179 resulted in the pair posting net daily losses yesterday. ▪️ We have a 78.6% Fibonacci pullback level of 1.7782 from 1.7661 to 1.8227. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ As this corrective sequence continues we look to set longs on a dip at better risk/reward levels. ▪️ Expect trading to remain mixed and volatile. Stop: 1.7685 Target1: 1.8065 Target2: 1.8150
Long
by Signal_Centre
Already At Pullback Zone 23.9BNB is one of my favorite things to trade. It's already at the shallow .786 fib that would be an expected retrace region for cryptos in a bull market. BTC is not yet at its .786 so BNB will probably retrace a bit farther until BTC get there. This is one I will probably scalp the move frequently over the next day or two long. Plan is to wait for BTC to get to its zone then be a bit aggressive about finding a support area to buy on BNB. This is short term trading only for me, probably not held more than 48 hours.
by mljones
4
List Of Upcoming Scalping Zones: 9595, 10900, 9925It looks like BTC actually hasn't completed the impulse that started at 6400 since the current 5 wave has only printed 2 of the expected 3 waves. Given that we're in a bull market and impulses tend to retrace to the .786 of the overall impulse we can get estimates for areas to watch for intraday reversal on the next couple wave completions. My current list is 9595, 10900, 9925 My HODL target is 17k so this is still in an area where I am not looking to trade out of my macro account but am only scalping intraday signals and maybe holding them for a couple days at most with my smaller account.
BITSTAMP:BTCUSDLong
by mljones