According to my analysis, Bitcoin should breakdown sometime tomorrow or Thursday, testing demand at the previous range highs of about $8,350 and consolidating again around that level before a quick recovery back into the current range. A successful recovery would mean that it becomes highly likely that we break up towards the $9,400 levels, which is the .382 level...
Here we have an opportunity to sell GBPNZD after it reversed off the .382 fib retracement and formed a head and shoulders pattern, which has been confirmed with a bearish break of the neckline.
At the current moment, you should wait for a better opportunity for entry as price is sitting on both a horizontal support (highlighted in green) and a ascending support...
i've been looking for this setup to complete for a very long time, now price has finally finished the AB=CD patterns i was paying attention to.
The reason why i was so interested in these pattern is because their completion point line up pretty well with a daily and weekly structure looking left.
Besides, also the 382 retracement of the bigger impulse...
This pair has consistently tanked into a 1 day retracement zone of 115.07(786) to 117.001 (618).
Seeing that much consistency against this pair means we could be chasing a bottom, possibly.
A recent fib study shows a 1st stop 116.517 (382) did in fact stop a 1st run up twice earlier in the trading session.
I am keeping an eye on that recent fib study to see if we...
this is the AUDUSD 4hr chart and i've been waiting for this AB=CD to complete for a long time, now the moment has come. We have an AB=CD pattern completing right at a previous daily structure level, with some Fibonacci confluence and a nice RSI divergence.
If price shows us some buy signal it would be a good chance to go long and make some profit, risk to...
Price @ .382 Retracement of UP AB Swing
Bottom of the channel
Touched Up Trend Line
StochRSI Over Sold
I am waiting for Possible Bullish Signal at lower time frame e.g. 1H or 15M
Kings Crown, Revers Head and Shoulder, Bullish Candle Stick Formation
if not i will continue selling till .236 fib level
Looking to get long at former resistance. There is a .382 confluence in the zone I want to get long at. Between 1.1310-1.1330. I looking to get long at 1.1310 unless we get a nice rejection candle on the 240. My stop will be at 1.1285 and my target is the swing high around 1.1405. Good luck trading out there.
So after yesterdays News release its changed the flow and trend of this pair.
We came right back down into previous support levels and bounced right back up and broke struckture to the upside. With this move it could now signal a change in Trend.
Possible retracement back down to previous support around the 382 level but also the possibilty of a 618 retracement...
AUDCAD is nearing the PRZ of two bearish harmonic patterns. The PRZ is confluent with resistance from a Fibonacci cluster (.618 and .786) formed by two structure highs and lows. To add to the bearish bias, there is a missed monthly pivot below price which coincides with .618CD. Entry is placed at the center of the PRZ with SL at 1.13XA (bat) and targets at the...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum..
IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...