Hello Again!
Here we go, let's wait for the D leg, on the retracement 0.786.
TEST
In the meanwhile, i will try something new, gonna make a trade, of the retracement from the C leg.
Targets 1: 0.382
Targets 2: 0.786
Stop loss: right above the 1.414, where the cypher will get decline.
RSI: Oversold.
As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a ...
Hey folks,
Straight to the chart ---->
Look at the fibonacci retracement levels. Both 38.2% retraces of 2 different fibonacci retracements converged at $810. If you look left you can see previous structure low exactly at this price level. RSI is oversold which indicates a reversal. According to the fibonacci extension the next support level is at $734 unless ...
Possible Double Bottom on AUD JPY. I know its on a downtrend, but It may come back up and retest Key Fib Levels before continuing any further. Set a STOP at the Previous structure LOW at 45 pip risk. 70 PIP TP for a little more than 1:1 ratio. Will Take Profit at .382 level and wait for a double top for a downward continuation.
Bitcoin is on the rise when I'm posting this idea. Orange ticks marked double bottom formation which is holding pair above this level. As you can see important Fibonacci level 38.2%(combined with round number 3K) was rejected 13th of April. Pair is in consolidation for few weeks. Market is respecting support at 2600 which could be use as the Stop Loss area. It is ...
I marked few important price actions. First harmonic formation appeared at the end of the March. There is a rule where 61.8% retracement is corresponding with 1.618% and 32.8% retracement is corresponding with 1.328% which gives us perfect ABCD formation where AB = CD. Another signal for further bullish movement is fact that pair is trading below 200 EMA. I ...
Triggering the Article 50 was bullish for the pound as I expected. Three long red candles appear last week and we are now seeing a retracement. Indeed the pair reached the 1.618 level of the first impulse and we might expect a retracement to the 0.382 level of the second impulse. The pair also challenged the 200 EMA and it might pierce it soon.
Best level for the ...
Hi guys,
today gbpusd is coming back to retest a daily support/resistance zone, therefore i want to look for some opportunities on the lower timeframe. On the hourly there's a nice pinbar that tells me there's buying pressure. Besides, price has also created a double bottom with RSI divergence that you can see on the chart above.
The consequent break of structure ...
Hi guys,
just wanted to share with you this analysis i've made on AUDUSD. All this starts from higher timeframe, if you take a look at the daily chart, you'll understand that price is at a decision level. The yellow box actually represents the daily structure zone that price is testing.
So the first thing i want to see is that price is at a structure point, then i ...
Overbought level has been reach as suggest by the RSI.Need consolidation stage due to GAP UP done this day. The circle line near 38.2 FIBONACCI leve is a good opportunity to buy. Cutloss if 38.20 FIBO level was break. MOney inflow also depicts that smart money has been coming out.
Buy FX:GBPJPY
After Bullish Candle Stick Formation
Price @ Back Side of the Trend Line (BLUE)
Touched Uptrend line (Pink)
Higher Highs (Support, Blue Arrows)
Very Sharp Counter Trend Line Break
StochRSI Over Sold
Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon
Stop: 10 Pip Below Previous Low (153.229 appx.)
Take Profit: ...
I copied the following idea; and justify with my own strategy. PLS DO NOT FOLLOW IT BLINDLY!
Price below the upper trend line of the channel.
.382 retracement of down AB Swing
StochRSI Over sold
BEARISH TWEEZERS TOP
