EURGBP SHORT? 130 pipsEURGBP is still falling!
Here's a downward channel trade with potential 40 pips for the conservative, 110 pips for the brave if you take the 2 trades.
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Fibonnacci
DOLLAR RE-TRACE/RE-TEST.GOOD DAY TRADERS
THIS IS MY ANALYSIS ABOUT DXY .
1. Price near strong resistance.
2. Price near fibonacci 0.382.
So this what i'm thinking.
I'm going SHORT in this pair.
Entry : Around 94.00
Stop loss : Around 95.30
Take Profit : Around 92.00
PLEASE TAKE PROFIT AS LONG AS YOU WANT.
TAKE CARE EQUITY, THERE IS NO REASON TO RISK CAPITAL.
U'r very welcome to give a comment.
DISCLAIMER ON !!!!
LONG Dollar IndexPros
Elliot wave completed, expecting an ABC correction.
Pullback of 38.2/50.
Support zone
Longterm bullish.
Cons
Downtrend.
The last peak, may cause a divergence.
Strategy
Wait for a 38.2/50% correction of the last wave to enter the market.
I think the position can be closed when (A) was reached, but can manage moving the stop behind the last trough to reach (C).
Bad Day for Cryptos-May 23rd!How does this fit in the long term?I'd say, bitcoin/other alts, are technically on extreme sale right now, which is about to end the beginning of June!
(That is if bitcoin sustains a level above 7000)
MACD on 4 hr has been winding on and on since the first time Bitcoin hit 6000. At any time it could become pressurized enough to make a move either way.
Why does it have to hold above 7000?
-Psychological support, possibly a 3rd failed rally to break 12000, might mean retesting and breaking 6000, also 7200/7400 is a fib. support zone of the previous 2 major uptrends. Breaking bellow 7000, would be the bearish scenario.
What I do see next is a potential formation to wave 1(Bounce). This won't happen immediately, it would most likely happen after a couple of days of stability in which buyers will potentially wake up and see the opportunity. My assumption is that Wave 1 could go all the way up to 9000 before wave 2. This would be the bullish scenario.
As always, like, share or comment any kind of suggestion or addition to the chart!
Closing of shorts from 7.8 to 7.7kIf you are short like me, the closing opportunity to catch the dip comes soon. Confluence of fibonaccis at 7750, and we are hitting historically key support areas.
We are starting to see bullish divergence on the lower time frames for a bounce short term.
Fibonacci Confluence - AAPL Fibonacci Retracement videoCheck out this instructional video on using the Fibonacci Retracement on TradingView.
youtu.be
CAPJPY Bearish Gartley
CADJPY W1 is currently making Lower lows and lower highs but recently has been in an uptrend
Here's a prediction at a possible reversal back into downtrend so we can short
We're finding point D in this Bearish Gartley entry around 82.805 and SL and TP levels as recommended by the pattern
NZDCAD Bullish 15M Gartley forming
D1
NZDCAD D1 is forming a head and shoulder with 200EMA acting as support.
Can we find some pips in the weak right shoulder?
Drop to 15M
Uptrend is still imminent and a Gartley is forming.
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Gift:
BTC 1.78% 14Ee3cGJLBdBN7PWRBwu3d41S3NVbqERRq
ETH 0x8844032d9b0791fdfa6633e3768cfe1d6a767c88
LTC LQmkqNvv3JVfFpHQ32Wp6mdiBPpLLgmmmf
MCO/BTC next try to get out. Anyone DCA? Trend AnalysisHi Fellas,
this is my next Idea to be able to move some of my funds. I've made a trend channel but due to the actual situation I think this will go back to the small 50 retracement. Then there is again my buying area. I will wait for confirmation. If we cant hold it due to EMA resistance and missing volume I will keep an eye on it and look for another buy opportunity.
The red line is my "old" AVG price from a couple weeks ago (yes, weeks) and the green one will be the new AVG price. So I should be able to get out with apprx. 0.5-1% gain. If MCO pumps and the indicators gave me more confirmation I will hold.
Cheers,
bitcoin-089
Strong very muchXVG is running stronger and eager than expected, so I think I got the wrong circle, this one is looking way stronger, and it may still go further long. Be sure you can handle the risk here as volatility is high, setup a good risk management and never forget to have a stop !
BTCUSD dos opcionesUn posible escenario para el BTC podría ser este... una nuevo rebote en la resistencia de la linea de tendencia acelerada para ir en busca del soporte de los 6000 dando un pequeño impulso alcista antes de romper levemente el soporte para tomar fuerza y cambiar la tendencia. Otro escenario posible seria que rompa el soporte de los 6000 para ir a buscar definitivamente el punto de los 4900 donde tocaria el punto fibonacci del 78%.
Gold Fibonacci. ExpansionGold prices are pushing up . If Breaks above 50% (1362) Fib will lead to our 61.8% .(1376)
Alternatively , a reversal back below our 23% (1330) will lead to our floor support (1301)
POWR May be Getting Ready to Go!POWR had a pretty big retracement after the first wave. RSI is making higher highs and the OBV is also turning bullish. Bollinger Bands are also squeezing down meaning we should break out soon. I entered around 4200 sats.
LTC Fibonnacci Trend Analysis Dear all, for context please note that you are looking at a chart which uses candlesticks in the 4-hour time frame whose whole scope is roughly 2 months. We can see from the most current bullish trend which started on Feb. 6 and continued until Feb. 20 that Fibonnacci support and resistance levels are highly effective in identifying price movement and potential buy/ sell levels in the short term as they have acted as support/ resistance nearly 5 times in 11 days. Another consistent trend we have seen is a failure for LTC to break above the 50 day simple moving average.
At the time of writing we are hovering around the .618 Fibonnacci level and I will be entering a tight sell stop here. Though volume has been moderately encouraging in the latest price increase it is not sufficient for me to be bullish thus I am neutral. A break above the 50 day SMA will be a catalyst for bullishness in my opinion. Without a break above 50 MA I envision a continous decline within the shaded price channel with the low 100s a possibility at which I will be an aggressive buyer.
>> AUDUSD << March 19th >> Short „Breakout“ Setup <<Hey Guys and Welcome,
AUDUSD broke back below previous week price action, we are following „Mid“-term Trend with a good RR.
Price very bearish last week breaking previous H4 Lows forming another Low after breaking out of previous week
small uptrend price channel.
Short: 0.77071
Sl: 0.77547 (45 Pips)
Tp1: 0.76543 (55 Pips)
Tp2: 0.85838 (125 Pips)
Feel free to Comment and Discuss my Trades.
Have a Great Week :)
Alan
BTC/USD Long Position IF we see impulsive action upwardThe play for the BTCUSD pairing is for a long entry to be made if we see a wave I upward that moves in an impulsive manner. The entry would be around $9300 (which is where the proposed wave II would be) with a stop-loss slightly above the recent low in the $9000 area. The reason the stop-loss would be put above the low of the move is that if we do see impulsive action upward, then a retracement of 100% for the wave II would indicate that according to Elliott wave rules that it is a failed motive wave and implies that there is more bearish downward selling pressure and therefore a likely further retracement in store for bitcoin in the immediate future. As always, taking profit on the way up is advisable and reloading on a position at a wave IV area (as is diagrammed on the chart) to ride up for the subsequent 5th wave can occur as well. The first target for this play is at $9700-$9800, the second target is at $10200-$10250 and a third more bullish target is in the $10350-$10500 area. In addition, exercise caution in the market by playing with position sizes that are not over-exposing you in the space, as recently the market has been somewhat unpredictable. Short-term: Neutral/bullish Medium-term: Bullish Long-term: Bullish.
Refining the idea that is coming more and more into focusThis could be a great moment of opportunity...
Holy Fibonacci updateUpdate from a published idea a week or so ago. Will be interesting to see how it pans out from here.
I had 8880 as the next dip/target from a recent calc but was lazy and am going off of what I had on this older chart as ~8500. Let's see what happens. Exciting stuff.
USD/CHFUchf obviously in a down trend. However, It is at a pitchfork as we speak as well as 1.27 extension to its leg. Obviously, or at least it should be obvious to you, you shouldn't try to make a living at trying to catch reversals, safest to wait for price to actually go, then pull back, which takes time. I personally will take some shots on things like these, but carefully. However, with NFP tomorrow I certainly will not be buying it now.... But here is my point, If it did pull up from here, an obvious target would be the 23 percent (yellow), but if it doesn't, looking at the measurements, I would recommend looking to catch the 23-38% retracement of the length of this wave up from that next zone that I highlighted. I will not be at my desk tomorrow and quite frankly could give a crap what these charts do, I will catch the flags next week. Just showing you my markup. I would not be surprised if UCHF did retrace that 23% to that level and went down to that next zone completing a 5 wave so if you see a spike tomorrow, when the dust settles you may have a buy opportunity from this fork for retracement.... Or a sell if you got the experience. I was looking for this to come up off the 618 or 786, but now we look to be in a downtrend. Keep in mind higher probability trading mid week next week than tomorrow morning. NFP you really need to wait and be patient, watch a few different pairs of the same currency and let them create ranges and tell you which way they will go. You trade for a continuation, not the knee jerk. I could also give a crap what the fundamentals say at this point where stuff is at. If Chfjpy drops, which is possible (no confirmation) (on anything right now keep that in mind), this could move up with force, but safer to just wait for the dollar to actually make some kind of actual wave pattern. regardless, I been killing it. Next week there will be less risky setups, there always is. But I have nailed a lot of good entries on news waiting for a candle to extend out of a pitchfork like that with tight stop and went the other way, but you gotta know what you are doing.
Bitcoin further downslide Fibonnacci is drawn from 0 to wave 3
if it breaks the 9250 level, than we might see further downside.
which is level 0.886 on fibonacci
if the 9250 level breaks, 0.886 on fibonacci
and we continue to the downside,
we may se a retracement to 10100. which is level 0.786
on the fibonacci. if the
wave 3 is completed on level 1, fibonacci
if the price will complete wave 5. Level 1.272 on fibonacci
a correction will occur to aprox 8700-8900. level 0.886 on fibonacci
I could easily see the price slide to 3000.
Level 1.386 fibonnacci
reading the Fib the perfect setup.here is what a perfect fib looks like. We have a perfect 50% retracment. And what we are looking at is a step up to 18967 take profits here,
XLM; Expert view explaining price movement and expectationsIn my previous post, I illustrated a possible trade, which initially started off very bullish, yet turned out to be bearish. A triangle with everything going for it could still go both ways: break out through its resistance, or fall through its support. The second scenario happened; as soon as it broke support, we knew the trade wasn't worth continuing.
I'm following up on that post, showing what happened then and since, and what we can reasonably expect going forward.
Stay tuned for more interesting stuff and feel free to reach out if any questions!
Link to my previous idea (note: I forgot to put the "?" at the end of that title :-) )
