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Fibonnacci

Sell IndicesLokking for a sell after the Monday bearish movement, most of the gaps has been filled but the retracement has been past 61,8 level and looking to go up to 78.8 level, there is also the level when the up move to break highest high started and the fake out, or stop hunt if you will. there is no apparent reason for the market to keep making highest high and new all time high, so a sell is much more likely for today in my opinion. it would also meak great Head and Shoulders pattern. Nice risk to reward as well, so looking forword to see how it plays out.
OANDA:US30USD
by clyde0505
This can be a good place to join short position on GBPAUD. 1. Price has been using 20MA as dynamic resistance on its downward path. 2. 20MA is preparing for a cross with 200MA to the downside. 3. Price is at fib level of move AB. This fib level confluences with 20 and 200MA, acting as resistance. 4. Price is currently showing rejection around this area. Though bulls have flexed their muscles strongly for this correction, these confluences suggest that price is around an area where we can expect opposing pressure to step in and take price down again. It will be better timing to wait for a bearish reversal pattern and enter at the open of the next candle following the reversal pattern.
Short
by Chinedumnweke
USDTRY 8.2554 - 2.61% SHORT IDEA* CONTINUATION PATTENS HELLO EVERYONE Here's an idea on the DOLLAR/ TURKISH LIRA which opened with a gap and an aggressive fall with the bears looking for some correction of this move but we'll definitely see continuation to the downside, now the structure aligning with our fib levels is the resistance level 7.96612 which will be our aggressive target going down with the bears for long term updates lets wait for now and see what price tells us. HEY EVERYONE Here's a look at the EURO / DOLLAR pair heading into a new week the pair is currently trading in a bull frag which it can break in any direction but looking at the momentum push with the bulls looking for continuation of this move as it would be premature to go against the trend seeing no signs of slowing down on the pair so on higher time-frames we just have an overview of direction and what is the bigger picture in the markets. for entries we scale down to smaller time-frames to determine entries and so forth. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
8
ADA, ADA, where for art though ADAOn the daily chart, ADA is finally out of its Ichimoku Cloud equilibrium zone and back in the bullish zone. I would've preferred if it broke out sooner and with a Conversion Line cross over the Base Line above the cloud or at least within the cloud for a medium bullish signal. ADA is a also back above its last yearly high which is now a major support level. Confirmation will have to wait as we do not have a new green cloud yet or a conversion/base line cross so there is a possibility ADA may dip back to its last yearly high, especially if Bitcoin drops back to its 78.6% Fibonacci Level on its weekly chart. We now have our last yearly high, 38.2% Fib, conversion Line, Base Line, cloud support levels, 23.6% fib and the 200EMA to cushion any potential drop before we even get close to breaking out of our Pitchfork Pattern on a downward trend so i am not worried. The STOCH is indicating we have the possibility to go higher before we get into oversold territory. With the anticipation of Goguen announcements in a few days, we could see a spike approaching the end of next week. Long-term, ADA is still poised to follow its upward Pitchfork pattern. I hope you found this helpful. Good luck 👍
KRAKEN:ADAUSDLong
by TradingThroughTheLens
GBPJPY SHORTA good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point. the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks price action. If you have any ideas supporting or on the contrary to my opinion please leave a comment. thanks and happy trading note: I am already short the pound in the form of a long EURGBP trade so I may only enter if that trade moves in my favour as I do not want to be over exposed to the pound, but I am definitely bearish.
Short
by EireTrade-Capital-Management