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Retracement

AUDJPY retracement Opportunity? 13.02.2023The Market moved rapidly this morning for this pair. There are no significant news announced so we expect that this is just intraday. it would be more appropriate to wait a little bit more for the market to show slowdown with a couple more bars in order to form a strong resistance. The arrow shows the potential move towards the support 61.8% fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius (FSC) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
1
EURUSD Retracement? 03.02.2023 Market News Yesterday: Important to note that the major drivers of the markets these days are the important figure releases, the economic indicators. At 14:00 BOE Monetary Policy Report and the Official Bank Rate pushed the GBPUSD and EURUSD downwards, over 100 pips. Today we see both of those pairs to slowdown. This might be an opportunity for going long catching the retracement. However, important to note that the NF Unemployment Change for the USA might get in the way of this plan. Previous figures show positive changes in favor of the USD, thus going long before the release is very risky: Jan 6, 2023 223K Dec 2, 2022 263K Nov 4, 2022 261K Oct 7, 2022 263K Sep 2, 2022 315K Technicals: As always, if the shock stops at 1.089 then the arrow shows where the market will at least retrace, to the 61% of the move, at around 1.095.
Long
by Stuart_Cowell
3
New AI on The BlockIt's starting to look like some bullish signs are coming into Artificial Liquid Intelligence. We are in a falling wedge after a massive pump and have retraced well over 50% to hit the 786. CCI ribbon is oversold with divergence and smii is under 0 and has the potential to make a crossover at any time. Targets are in the bull flag approach including a more conservative level. Set your own stops. I also highly recommend checking this project out. It allows you to mint interactive 3d nft characters built on a language ai similar to chatgpt. Truly cool stuff. Check out my referral link to get started. mycharacter.ai Happy trading.
by Jake_from_State_Farm
Retracement of BTC and future movement looking at the 1D chartAs the MACD is showing us we came across a "cross of death" also known as the position when sellers overpower the buyers. As we take a look at the market on the daily chart we can see that BTC is retracing probably retesting the local support which is situated at 21.5k in the following month we will get a new oportunity to buy the current dip and stack on the most reliable assets. My prediction is that after a retrace and retest of the support we will see another bull run that will last until mid march or the beggining of april where we are tarketing the 25k mark.
by Bertosin
NZDUSD OVERALL BEARISH (Potential LONG OPPORTUNITY) I am anticipating NZDUSD making a retracement. -Price intitally made a bullish push -Price then met resistance around 0.6500 level and formed a Double Top. -A double top, is a sign of potentail bullish exhaustion and a possible reversal. -After price tried to break the level, price then closed as a reversal candlestick, followed by a large bearish momentum candlestick. -I am expecting price to close on 2/6/23 or 2/7/23 as a doji candlestick on the daily time frame. -On the 4hr/1hr, I am expecting a double bottom, that will then make a bullish push. - Price will then make a bullish push to test the neckline of the double top, which also aligns with the 50-61.8 Fibonacci level. Please, Like, Comment, Follow for more ideas. Feel free to drop your ideas/analysis below !!!
Long
by NoCeilingsTrading
1
Fibonacci Retracement Levels In Forex TradingBoth novice and seasoned traders use Fibonacci levels as one of the most common and universal strategies when trading forex and other markets. It is a well-known fact that market prices incline toward levels where the bulk of market orders are gathered. Such levels can be found and predicted using a variety of ways. Systems for trading are built on a variety of levels. Since traders first realized that the price fluctuations of some assets frequently followed the Fibonacci number sequence, the Fibonacci levels have been employed in trading. The standard Tradingview trading platform, which is currently the most well-known and in demand, includes the tool because of how useful it is. Leonardo Fibonacci, who was born in ancient Italy, discovered a straightforward numerical sequence that is utilized globally and is consistent with a wide range of natural occurrences. The order is as follows: 0 followed by 1, then 1 (0+1), then 2 (1+1), then 3 (1+2), followed by 5, then 8 (3+5), etc. It appears that the Fibonacci sequence is the sum of the two numbers before it. An intriguing ratio may be calculated using these numbers: 0.618 is the result of dividing the first by the second (regardless of which of the numbers in the sequence are taken). And you get 0.382 when you split the numbers by one. The "golden ratio" is this set of fractions, and it appears frequently in nature, a striking example is a spiral like the seeds in a sunflower. The following are the trading-related Fibonacci correction levels: 0.236, 0.382, 0.500, 0.618, and 0.764. Levels of expansion are 0; 0.382; 0.618; 1.000; 1.382; and 1.618. It makes no sense for traders to manually calculate any of these figures, which are all calculated from the sequence. The key is to comprehend how they operate, what they are used for, what data they offer, and how to make effective use of them when trading. Special indicators that automatically draw lines on the chart or symbols in the trading platform are used while trading with Fibonacci levels. Retracement levels can be utilized for a number of purposes, such as support and resistance, to start trades, and to set stop orders. The usage of extension levels by traders for take-profit placement. Based on swings, or candles with at least two upper highs or upper lows on the left and right, Fibonacci levels can be applied to a chart. Additionally, bear in mind that Fibonacci levels for forex are a trending technique and are not applied during periods of consolidation. When the trend is upward, the price tends to retreat from Fibonacci-based resistance levels; the opposite is true for downtrends and support. Fibonacci Levels in Forex: How to Use Them Almost all charting applications contain Fibonacci retracement levels. Fibonacci lines are regarded as the most flexible and understandable option, however others also use fan lines, arcs, and time periods as typical tools. What do you need to know about Fibonacci numbers in order to trade? Values are calculated as 23.6, 38.2, 50.0, 61.8, and 76.4% on a scale of 0 to 100. The primary signal for foreseeing likely future price fluctuations is these ratios (prices often bounce back from levels). The indicator shows levels on the price chart and allows forecasting of future price changes.If you want to manually trade using the price chart or the software, you can select to display correction levels. To do this, drag the cursor from the bottom point of the trend to the top point. There will be five horizontal lines that display 0, 38.2, 50, 61.8, and 100% (an additional line showing 23.6% can be added). Depending on whether Fibonacci is trading above or below the lines, the lines can be utilized as support or resistance levels. The levels activate more frequently as the time span becomes longer. Finding a downward trend, appropriately stretching the Fibonacci lines, waiting for confirmation, and placing an order are the essential duties of a trader. Numerous strategies for using numerical series in trading exist. How Fibonacci Levels Work And How To Use Them In Trading Trading professionals can examine the changes in asset values by using Fibonacci numbers that are displayed as lines on the chart. As a result, resistance/support levels are established, and the degree of a trend movement's already-started corrective is examined. The price typically follows the guidelines of key levels on the Fibonacci lines. Therefore, there is a strong likelihood of a price reversal at the level, for instance, if the price crosses the line. Fibonacci retracement levels are particularly helpful for discovering pullback levels, for establishing the conclusion of a pullback, and for the continuation of price movement along with the trend because pullbacks are a natural part of every trend. The key correction levels are created by the interrelations between a trend and a correction shown by Fibonacci levels, which have recovery probabilities of 38%, 50%, and 62%. It only takes placing a grid over critical spots to see that pivotal price levels frequently cross Fibonacci percentage lines. Fibonacci levels and graphical patterns can be used to coincidentally determine market entrance and exit points. Opening profitable trading positions after a collapse or rebound from a level is beneficial. Trading professionals frequently employ Fibonacci lines to place Stop-Loss and Take-Profit orders. To avoid being caught by an unintentional pullback, it is preferable to position the Stop-Loss order above the levels (for the recovery from which the trader is counting). Take-Profit levels are based on Fibonacci extension.Remember that on a price chart, the support/resistance areas that coincide with the Fibonacci net levels are viewed as further support for the lines' significance. This instrument is the foundation of many trading techniques. Beginners should be aware that there is no definitive interpretation of the Fibonacci technique; it is merely a point of reference. Trading systems frequently incorporate Fibonacci levels with other technical analysis tools because this technique can occasionally fail to corroborate the signals. Importance Of Different Fibonacci Levels Expert traders claim that not every Fibonacci level behaves the same way on a price chart. Before using the instrument for trading, some regularities should be studied. Fibonacci levels and their importance in trading: 23.6 - weak, a clear confirmation is required to use it in trading. 38.2 - an important level, the price of the asset bounces from it for further consolidation. 50 is intermediate in importance between the two previous levels and gives a high probability of trigger. 61.8 - strong, like 38.2. 76.4 - 80.9 is a strong level as well. The likelihood of a profitable trade is quite high if we consider the strength of the levels, trade in line with the trend, weed out erroneous signals using a straightforward extra indicator, and avoid using low time frames. Additionally, it's critical to remember risk management and trading psychology's fundamental principles. Advice for using 38%, 50%, and 62% levels effectively Stretched between the trend's minimum and maximum, a grid is drawn on the graph. On the charts, three to four separate time frames with longer value movements can be displayed in various colors. Numerous Fibonacci levels will be displayed on the graph, allowing for analysis. Usually several of them exactly coincide on various time scales, therefore they are regarded as significant support/resistance levels. These three can be utilized to enter positions and exit open ones because fibonacci numbers have potentially important levels. These price retreat levels by themselves are not what drives price movement; if this line doesn't have the appropriate support, it will simply go to the next. More accurate signals are produced by combining Fibonacci with other tools (such as Moving Averages, trading channels, reversal patterns, etc.). A significant resistance/support level is 62%. When it is attained, the price frequently starts to vary erratically. When the price surges past the 62% level and moves on to the 70–75% retracement level (before returning to the 62% level), you can place an order. When two to three further crossover signals are received, trades can be initiated from deep retracement levels. It is preferable to avoid entering if there are no cross confirmations. It's also a good idea to keep in mind that once the correctional movement reaches the 62% pullback level, it may go on to reach 100% in the chosen time frame and stop the trend. Fibonacci Levels: How to Use Them in Forex Trading Fibonacci levels can be used relatively easily. The most crucial levels in forex trading are 23.6% and 38.2%, 61.8% and 76.4%. They are used to identify price pullbacks; when one appears on the chart, one should wait for a favorable price before joining the impulse (enter the movement at the moment of a pullback). When there is a significant market movement, the asset's price can drop by up to 23.6%, 38.2%, or even 50%. These ranges are regarded as ideal. Price increases of 61.8% or more may signal the beginning of a trend reversal. The Fibonacci levels should be drawn correctly: -Finding the price impulse. -Plotting the grid on the chart. -The expectation of a pullback to 23.6% or 38.2% or 50% to enter the market. -When there is no pullback, the price keeps moving, updating the lows/maximums, it is worth pulling over the grid based on new local extrema. -In this case, it is important not so much to determine the levels as to understand whether the current price movement is a correction concerning the previous one or the beginning of a new trend. When Fibonacci Correction Levels Do Not Work Fibonacci levels are not 100% reliable signals; they are more like rough guidelines that give information about the movement that is likely to occur. Fibonacci levels can also be broken occasionally, just like support/resistance levels can. There are many exceptions to the rules, therefore it is advisable to check the signals with additional tools and to take the maximum precautions when opening any position. The levels need to be carefully worked, refined, and filtered on a regular basis. Sometimes levels might be crossed, and the bounce occurs at 61.8 instead of 50%; other times, the price skips levels and views essential ones as weak and unimportant ones as important. Because of all these features, it is important to be able to combine different tools in a strategy and constantly gain experience trading with the selected tools. Conclusion The suggested strategy broadens the potential uses for trading with Fibonacci levels. You can use it to your advantage so that practically any corrective movement—not just ones that conclude at 38.2% or 61.8%—will be beneficial. You must be able to accept what the market offers you since it doesn't always move that well.
Education
by FOREXN1
15
GBPJPY - 4 HR Projection and Analysis Just a couple of options i have drawn out for GJ. There are obviously many more ways price can move here. But these are just the main couple i am anticipating. Also note that the depths and amounts of retracements may vary - making it seem that there are way more options for price to travel but they are all pretty much the same - As long as the direction continues in the same manner and the pullbacks react at significant areas, i am not too worried. As long as my anticipated direction and behavior reflects the actual behavior on the charts, I am not fixated on price hitting the exact numbers like 158.500 etc. I just have those as a rough guide or area. When price hits those areas i will then readjust and re-assess my perspective and analysis. 😊
by Pmilanoxx_
2
BTC Next Few stepsHello Traders! Welcome back to another post with Anlyst Aadil1000x. This Analysis is all about the next few steps of BTC in small timeframe. We can see BTC broke the previous high and now it's looking for a short-term retracement. A breakout of the trendline is a good sign to buy the market but because the market has broken the previous high and now looking for a reversal point to move up so we will not buy the breakout in BTC. We will wait for BTC to touch 23288 Reversal point to look for buys. DOn't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
Gold 1900 test is coming this weekOn the HTF gold is quite overextended and either a retracement or a full reversal need to occur at some point, so i've patiently wait for a short setup to show, and i think i've found it. starting from left we see a bullish flag that even if broken didnt show much bullish strenght, instead evolved into ascending channel, which now seems about to break, we have once again reached the bottom of the channel but now instead of bouncing we are forming a bearish continuation pattern ( triangle or flag), i shorted friday and i think next week we will go and test 1900 , and after that i will evaluate the situation again. what do you think?
OANDA:XAUUSDShort
by Erth_
GOLD Intraday Analysis - ( 26 Jan 2023 ) Looking at gold to do pullbacks to retest higher highs again. Nice hourly double top sells if you caught it , break of neckline retest sells still valid. However keeping in mind the bullish sentiment of GOLD and the weakness of DXY has not change at all. Hence i will be looking for intraday to swing buys up for gold to the 1958-1960 region which has been expected of for the whole month of Jan if you read our analysis. HRHR buys at 1934-1935 region MRMR buys at 1935-1036 region SAFEST buys upon break if 1940 key level Sells are already in play but in the event of a fundamental change later, we may see a further pullback on GOLD if 1934 level breaks to retest better price point of interest for potential longs.
OANDA:XAUUSD
by CJ_GOLDPIPS
Education: How To Trade Pullbacks To The Trend LineFor Trend Line Breaks, Wait For Time and Space To Occur. In this example, the trend line was broken on August 3rd, 2022 at 15:00. After the break, the Pullback Trader would wait till price retraces back to the broken trend line for an entry. Price retraced back to the trend line on August 11th, 2022 at 19:00. The Trader would have placed their entry at that time and date. The next retracement occurred on August 29th at 19:00. The Trader would have placed their entry at that time and date. In trading trend line breaks, wait for space and time to occur before entering.
FX:USOILSPOTEducation
by TradeLive-
Bulls divergence retrace continuesAs up to 1550 still bullish and still strong 30-4H chart confirmation breakout but will be shortage of a retrace. Buy now at 1550 area and let it skyrocket up; Ethereum still retracing and no 880 area is not the bottom for Ethereum; bear market isn’t over. Take profit 2000 to be safe away from the sell off; if reversal still in control then onto 2500 or somewhere between. Bottom target is about 600-550 area could happen to go even lower. **UPDATE FOR BITCOIN** - same thing 30-4HR chart confirmation breakout will be shortage and now extended more retrace - still above 20K almost to 21K.. still bullish reversals - buy 20K take profit about 23-25K big bearish reversal could happen in those zones or between.. if higher like 28K idk we will see how high the retrace needs. Trade safe y’all. FYI - Stop saying bitcoin is bottom even Ethereum is bottomed.. the bear market isn’t over because of Fundamental Recession is coming this year as Feds still increasing rates and terminal rate.. might wait until Feds cuts rate , Rate Pause, qualitative easing and qualitative tightening to happen in order get to The bottom.
BITSTAMP:ETHUSD
by JoyBoyVegae
1
Retrace complete/Further downI kept seeing everyone thinks bitcoin just bottomed.. ( no not quite yet) this what happens people get too greedy. As bear market still going and still on the move, Feds are still increasing terminal rates and interest rates because the inflation still remained high and not cooling down enough; big happens the Feds will get aggressive and too aggressive until ceiling hits and see economy will break as fundamental Recession is coming sometime around 2023. Now let’s talk about bitcoin. The retrace is complete nearly hit 20K my analysis had been correct but I might be or be wrong is the retrace isn’t over. As over 1.4 trillion had been wiped out value from the market; bitcoin haven’t reached the potential bottomed yet.. 21-20K has stronger resistance zones but should expect the huge rejection; if I’m wrong then We will see double top form or if should continue the retrace to make the crash sight. For the bottomed 14-16K is not the bottom; don’t fall for the Trap. Because things going on the economy and Feds still working on bringing the inflation down and Fundamental Recession is coming sometime around this year. Should expect Rate cuts sometime in late 2023 or Middle 4th Quarter in 2023 so final leg down can happen. Even if your profit still in green I highly suggest to sell it off until we hit the Top; remember the bear market isn’t over..even tho could be a long term consolidation could happen so please be very careful we still have a lot more to go. Experts sees bitcoin will bottom around 12K but mort said 11-10K zone even bigger surprises can go even lower around $5000,$5,500. As I see still 12-10K as a bitcoin bottom.
BITSTAMP:BTCUSD
by JoyBoyVegae
1
BTC will rally to $56K in the coming 4 monthsI know this is a bold statement to make, but the bottom for BTC is in (beautiful double bottom) and a rally to $56K is imminent, bears are about to get rekt as BTC is going to rally to near its all time high price in the coming months, but it won't make a new all time high just yet, as we are in the four year cycle, this is just a retracement. The bottom for BTC was in Nov 2022, while the bottom of the last cycle was in Dec 2018, thus this time we are one month ahead, the top of the current four month rally will be in May 2023 instead of June like the last cycle (2019). We will break out of the bullish falling wedge to the upside very soon in the next 10 days, and we won't stop going up until the end of May, so if you are a bear and you don't want to FOMO, you will have to have patience for a very long time before the prices come down again to the current levels, in the coming months, every time you think the prices are coming down, it will go up instead and test your patience severely. Buckle up boys and gals, we are going to the moon, soon. Inshallah.
Long
by abrahamadam2017
3