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Fibonnacci

CAD/JPY Fundamental : Canadian are having an election October 21 that could lead to a weak dollar and Japan have just close a trade agreement with United states that will surely advantage the yen. Technical : I'am seeing a huge short opportunity on the CAD/JPY pair, I have use the Fib Channel to determine that the short therm uptrend could revers and follow the long therm trend. I've personally enter this position at 81.800 (blue line) where the trend line and the 150 EMA have joint, I haven't put a stop loss but I've put alert 10, 20 and 30 pips higher to make sure that the downtrend is not broke. One of my take profit is 250 pips lower that I think will be touch in the next to days where the Level 0.618 of Fib Retracement cross the 0.236 line of the Fib Channel Remember, before investing, you should always make your own opinion, this analysis is only my personal point of view and is not a investissent advice.
Short
by Le_Joseph_LHeureux
1
BTC sill bullish - Actualisation 10/7Second Technical analysis for me ! Today 10/07, actualisation of my ideas from yesterday for BTC/USDT ! On the chart on 1 day, we can see : - BTC Dominance going higher - Volume is going hiher - RSI compare to yesterday K 20 to 40 : + 20 D 12 to 23 : + 10 Ecart : +10 - MACD The MACD Cross again the signal line and we can see the first green candle ! BTCUSDT Still bullish today. We are testing the resistance right now and i think will go higher ! Step 1 : 13 880 $ Step 2 : 14 372 $ Step 3 : 14 771 $ Step 4 : 15 169 $ don't forget to put your stop loss very tight ! Only idea, not financial advise ! if you love the idea, don't forget to put a like ;)
Long
by Jaxx974
EURUSD - EDUCATION - 15. JUNE. 2019DACAPITALTRADING V2.0: Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Crypto-Currency Markets every day! - 1 HOUR Very bearish price action on friday with a strong negative closure for last week. 4 HOUR Pullback after forming a med-timeframe Double top with a strong reaction. DAILY Bearish waving market turned bullish with a strong reaction and pullback afterwards. OVERALL Bullish market with over 50% Pullback of previous week price action + wave formation, expecting market to drop below previous week lows and rise very strong instantly afterwards. Very good setup with high probability, we patient to get good entries next week :) Good luck Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Education
by DACapitalTrading
48
Bitcoin Key Fibonnaci Resistance LevelWe currently have a neutral view on bitcoin and are currently monitoring the next Fibonnaci level at around 6278. If Bitcoin doesn't rise above this level and consolidate we are expecting Bitcoin to fall towards the previous Fibonnaci resistance level at around 5522 which is now acting as support. Additionally, we are keeping an eye on the RSI which is currently at 76, if it falls below 70 before reversing upward again, but this time remaining below 70 and then the RSI falls again below the prior low this would generate a bearish signal.
BITFINEX:BTCUSD
by KQMarkets
TRON: Constructive or ready to CRASH? Multi time frame analysisTron: Which way from here? *If you find this analysis helpful let me know! Taking away all emotion and looking at the picture from all time frames this is what I see. Weekly: We need to recognise TRON is still very young to look at from a bigger picture but we can start to see some clear structure We are currently in a broader triangle consolidation so looking for signs of a break either way. Also had two touches off 52 week moving average BUT failed to react to the downside in a significant manner. Also holding above the 25% line of blue pitchfork the last two weeks. What I see as POSITIVE is that TRON bottomed late 2018 (not in 2019) and most cryptos that are recovering/constructive did this. We are also still above the BLUE 0.618 retracement from this rally off the bottom which is also constructive. Daily: Currently stuck between 100 and 200 day moving averages but if you dig deeper there was good support off the 200DMA in terms of volume. On the daily you can also see the bottom trendline forming triangle has had 4 touches now and failed to break. For the BEARS however you can see we have not closed above the RED 0.618 fib that is measured from the HIGH forming the top of the triangle and the low. Again a break of the triangle would show clear direction as these levels are also guarded closely by the fibs. 4HR: We have just popped outside the near term downtrend. Also shows clearly the reaction off lower trendline (and 200DMA). Even if we start pulling back towards the BLUE 0.5 fib I'll watch the RSI and volume to find market direction. All in all there is potential this is a double top BUT you would need to see some larger downside momentum to validate this. For the BULLS, it's all about the bottom trendline and 200DMA. If this pitchfork holds you may start to pack your bags to the moon BUT for now it is 100% SPECULATIVE on my behalf until we at least test/surpass the median line (just my rule). Hope this helps!
BITFINEX:TRXUSD
by Ksh57
ADABTC Bearish Deep Crab - Its time to consolidateADA has made a great bullish move to the upside, filling out the entire equidistant channel in the chart The parameters for a Bearish Deep Crab have all been met Point D still needs to be verified by a reversal in price action in the next few days. Bearish divergence on all time scales up to one day Plotted targets are your shallow retrace (38.2), moderate retrace (50%), and golden zone (61.8) The degree of retracement will be influenced by the price action of bitcoin, if there is a big sell off, look for a deeper correction for ADABTC Thoughts or comments are welcome Posting these helps me learn, hope others find some value here Good luck traders
Short
by throwfar
Expecting another leg down for the Aussie dollar- The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute dropped to -4.8% in March (Previously 4.3% in February). - On a technical level, the pair just bounced off a major daily S/R level before heading down. We are currently shorting the pair after a small pullback and a rejection of the 0.5 Fib level. - Entry: 0.70653 - SL: 0.70800 - TP: 0.70287 I will start posting trades as a way to build a personal journal. You should always do your own analysis before entering a trade.
Short
by pgforex1
NZDCAD about to make new lows (TA and FA)According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that CNH is going down and we all know that CNH is positively correlated to both AUD and NZD.
Short
by Crabsy
Natural Gas Buy Setup Developing Natural gas has recently fallen down to a confluence area of support. This support area consists of a long term trendline originating from the low in March 2016, a short term trendline, the 61.8 fib retracement of the March 2016 low to November 2018 high and the 3.00 whole number level. Price has been ranging around this area of confluence for several days now, even briefly managing to close above 3.00 before retreating back below it. If price can close above 3.00 again on a daily basis a long position will be entered. Stop will be on a close below 2.80 and take profit at 3.80. Be cautious because the 200 daily moving average sits above price at 3.12 currently, any sign of price reversing at this level and the trade should be exited. A conservative trader may wait until price has closed above the 200 DMA before entering the trade however risk reward starts to become less favourable. NOTE: This is not recommendation to buy or sell, it is simply for educational purposes.
NYMEX:NG1!Long
by MarkE