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** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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So today i took a sell on a EURUSD and took a loss 1.1%,my entry was at 1.09761,but this pair is in overall bullish trend so i will now look for a buy as my 0.618 fib zone alignes with 0.9250,wish everybody happy and stress free trading,be free to share your thoughts in comments.
Well here i used Fib tool to get another confirmation to enter a trade,we have fib 0.618+retest of daily zone+bullish engulfing,so triple confirmation,if u go to daily and u pull a fib from the low to the hi,0.618 alignes with my zone 144.287-always look as a zone not a LINE,i put the lines because if not my chart looks messy,and daily is retesting ,i only enter...
Algorand has just hit the lows pretty hard and is now trading at the Lo-AWR and looks to be exiting the local consolidation trend at the lows soon. At the sametime we have a SMall Local Bullish Bat whos PCZ lands at the 61.8% retrace from the swing low to swing high. This particular Bat here is not the most grounded bat but i think it's worth considering and will...
These are 4 confirmations for me to enter a trade.
IF I DONT SEE THE ENGLUFING PATTERN THE TRADE IS RISKY..
Just because it hits the 61.8 doesnt mean its going to reverse.
What youre looking for is a breakout after the 61.8 hit,,
1. Did it hit the 61.8
2. With-in the high and low did a engulfing pattern happen on the 30m or 1hr
3. find a nice clean breakout, and...
USDCAD on the 4h chart after the recent low retraced over the weekly structure at the 0.618 Level.
The market is now trading above the support and according to Plancton's strategy IF the price will break below we will set a nice short order according to Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴...
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time.
But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head...
Since first identifying this Cypher on the weekly I have noticed that BTC seems to have been trading within this huge Falling Wedge and now this week after bouncing up from a much Smaller Daily Timeframe Bullish Shark for the second time, it is attempting a weekly Breakout of the more prominent Falling Wedge.
The Measured Move for this wedge breakout would be...
AB=CD reciprocal 1.618 swing target with potential reaction pivotal points @ 88.6% - 70.7% from Fibonacci retracement. Remains bearish if price action breaks down the volume point of control.
It's not going to be a linear bull run on the daily...
Expecting sells on xauusd, eurusd. Very similar inverse fibs on respective charts.
You could probably bet on sells for any X vs USD pair.
EURAUD on the 4h chart is creating a bull flag, with the price that perfectly tested with the lower spike the 0.618 Fibonacci level over a daily support.
The price has bounced over the structure and is now trading below the upper trendline and a resistance area.
How can i approach this scenario?
I will wait for the EU market open and IF the price will break the...
Ravencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
Chart 1 : BTCUSD's Downward Breakout From Bear-Flag Channel
(Chart 1 also includes a hypothetical price path showing one probable way that price could retest the channel and the downward trendline that has held as resistance since November 2021.
BTC's Downward Breakout from Parallel Channel/b]
On August 19, 2022, BTC fell over -10%, breaking out below its...
LUNC has made a 61.8% Retrace from the High to Low and is now formed a Bearish Potential Bead and Shoulders Pattern, If it breaks the Validation Line the pattern will be confirmed and we will likely see it Go for the BAMM Targets of a Bullish Bat which would be the 88.6% Retrace below.
From a technical perspective, I have identified a simple setup in the form of a trend continuation pattern where there is the possibility of either a breakout or rejection of this trendline to send price, either way, this new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
