Good morning traders, Fairly simple trade set up here. AUDJPY still has a gap yet to be filled. The 161.8% FIB extension level could provide a target, this is also inline with the gap which needs filling. Any thought or comments let me know!
Good morning traders, Crude oil is getting ridiculously cheap! Whilst the global demand for oil is decreasing due to mass quarantine, this will only be short lived (1-2 months). China is pretty much back online and working again as their outbreak has tapered off. We are looking to start buying crude at the 161% FIB level roughly $23 per barrel. Keep your...
Hi Traders! As you can see the market is in a calm short session on the 1H Timeframe. It is moving in a parallel channel since the beginning of February (1.10900) until now (1.09500). This is a difference of 140 pips! Now we're expecting a breakout upwards to "breathe" and having a pullback. The next logical area is the resistace at 1.09950. If the market...
Reason to Sell 1) Gap = Strong resistance 2) ABCD + 1618 Fibo. Ext. = Reversal pattern x2 3) Watching Bearish signal from the resistance area highlighted in Red to anticipate a sell-off Please Like/Follow for more trading setups. Thnks!
This coin's moves are all predictable so far with the divergence effect. Details in the chart.. Buy zone around 61. TP around 111 and 135
CMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound...
Reason to Sell 1) Lower Low = Trend is heading South 2) 5800 = Key resistance 3) 1414 - 1618 Fibo Extension = potential reversal area * Like/Follow for more trading setups * Please comment/message to exchange knowledge
Reason to Buy 1) 1300 - 1330 = strong support 2) 1618 = potential reversal * Like/Follow for more trading setups * Please comment/message to exchange knowledge
Reason to Sell 1) Previous swing high = resistanace 2) Fibonacci Extension 1.618 = potential reversal 3) Doji candle shows that Buyers are reluctant to Buy at this price, fail to push the price higher
Reason to Sell 1) 3220 = key resistance 2) Fibonacci Extension 1.618 = potential reversal
Reason to Sell 1) ABCD pattern 2) 1618 fibonacci extension = potential reversal
Was slightly late in identifying this setup. I usually will short on the Right Shoulder and take my TP1 at the neckline. Price has risen significantly last night and a change in trend is underway. However, there may be chance for a small pullback up and then take the short. One thing to note for all traders, DO NOT chase the trade! I repeat DO NOT chase! We...
Reason to Short 1) ACBD 2) 1618 Fibo Ext.
AMAR3 Segue na onda 3 para cima após onda 2 de correção perto de 0,618 de fibo na casa dos $4,83. Agora consolidando no topo, próximo da resistência, mas na continuidade da onda 3 que pode seguir subindo até a casa dos $7,77, confirmando o mesmo tamanho da perna da onda 1. Pode ganhar mais força rompendo uma forte resistência e chegar até 1,618 de fibo na casa...
Reason to Buy Dollar Index 1) Trendline support 2) 0.618 Fibo. retracement 3) 1.618 Fibo. Extension Stay tuned !
Reason to Long 1) 7900 = Key support 2) Fibo Ext. 1.618 = potential reversal Long-ed