In the long run, we've been in a downtrend which means shorting opportunities is the goal. Using the Fibonacci from the previous swing high in the 1.24000 zone to swing low at 1.21563 we can see that we're having a pullback and expecting a bearish continuation at the 38.2 or 50 FIB levels which were previous supports turned resistance.
Love to hear your thoughts...
As an ADA holder, and someone who is general long on Cardano... I have loved the CB Pro hype. But I'm also worried that it's only going to delay the inevitable pull back from this last major run.
Let's break down the 1 week candles.
PAST
The run that started last March (2020) ended in ADA being overbought for 77 days.
As expected with an overbought...
Give it some breathing room to 40.08 but this should take the price up to 43.00. President Trump speaks after the market close so we should see it all take place wround that time.
BLD has been a well performing stock. The company has turned over better financials YoY. Hoping it goes for a .382 retracement and nothing more. The stock for this company has low volatility and a BUY rating. There are no dividends though.
The EURJPY moves sideways last few days and this creates good opportunities for harmonic pattern traders. The market is going down today and if it continues and touches the support area at 130.64, there will be a setup for long. The price respected that level multiples times already and it is more likely it will do it again. The buying orders are usually placed at...
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...
Hi traders,
On the 4H NZDUSD we have an AB=CD pattern forming, which completed around the 38.2% Fibonacci retracement of the downwards move from November.
Entry: 0.71221
Stop: 0.71677
Target: 0.70406 = R:RR 1.79
Good luck guys!
