Good day, snipers. Here in EUR/CAD, price is now at the bottom of the up trending channel and also at the support zone. The support zone also appears to be the 61.8 fib level too. Price is also at over sold levels on the RSI. Fundamentals show a contrast on the technical analysis here. Will be looking for more confirmations to go long or short. Signals about...
AUDUSD had been one of the strongest pair in the recent rally of the non-USD currencies.
Now it hit the 0.618 spot of the previous 0.618 spot, that's the time to open a little bit bearish mindset.
Here it formed a new hourly supply zone, I'll be interested in the pullback short today with tiny risk.
Let's see how it goes yo!
Todays analysis - IOSTUSDT – retracing after a strong breakthrough structural resistance.
Points to consider:
- S/R flip Re-test
- Support confluence
- 55 EMA – visual guide
- Volume climax
- Oscillators overextended
IOST is likely to retrace back to structural resistance after a bullish pattern break, S/R flip needs to hold for a valid long trade....
LIACF is likely provider to TESLA for their batteries and 2h north of plant and founded in 2016, good TESLA timing for Lithium.
They have cheapest mining processes and under pressure from market correction and headed to 0.35-0.39 from current price
before hitting resistance. Looking at LIACF opportunity for entrance and solid 20-30% rebound vs BITFINEX:BTCUSD
Todays Analysis – LENDUSDT – Breaching its bear-flag neckline looking for a trend continuation.
Points to consider:
- Support Confluence (higher low)
- Bull-flag (trend continuation)
- 55 EMA (visual guide)
- Increasing Volume
- RSI above 50
- Stochastics overbought
LEND held local support, in confluence with .618 Fibonacci retracement upon retest of the...
Good day, snipers. Here in the AUD/NZD, we are about to retest the minor resistance zone formed in lower and higher time frames. This zone was also considered as the 61.8 Fib level, where I expect movements to the downside. RSI also shows it is in overbought territory. I will be looking for a bearish confirmation before going short. If price makes a higher high, I...
It is worthy to state that the Peso continues to ride high on the back of a weaker US dollar. Following my last publication (see link below) on this pair; we have found a complete retracement of AB leg which culminates at 61.8 with a strong tendency to make an extension within 127.2 and 141.4.
Tendency: Downtrend ( Bearish )
Good day, snipers. Here in AUD/NZD, price recently broke major resistance now turned support and now broke a minor resistance turned support and rejecting 61.8 Fib Level. We are riding the trend here and price making higher highs and lows. Stops just below the support level
Follow me on tradingview for more ideas and sniper entries. If you liked this idea please...
With over 120pips in our direction since my last publication (see link below for reference purpose); Despite facing the action of Bearish pressure mid-week, it appears price is actually going through correction of Breakout (Impulse Leg AB) to continue the rally to complete a Harmonic move in the coming week(s).
Tendency: Uptrend ( Bullish )
After an impulsive week on this pair we still believe that the USDCAD is bullish,
based on the analysis we have seen the pair created a left shoulder and its on its way to
creating a right shoulder ,
the right shoulder should be completed on the support area and that falls in line with the Fibonacci retracement 61.8%.
I will only take the trade if i see a...
Price retracing towards the 0.618 Fibo Level. If we can see a valid Sell signal, we can get into the position.
I am a beginner and this is my view. Please trade at your own risk.
- What do you think? Comment down below.
It was all Bears for the US Dollar especially during the latter part of last week as it continues to lose value against multiple currencies and the Yen was not left out in the gains! Breakdown of my Key level @ 107.300 last week evolved into a structure similar to AB = CD pattern with an expectation of correcting into 107.300 in anticipation of a down rally in the...
1. Well Respected .618 Fib Retracement Level
2. Strong Support Level at 232.75
3. Cup and Handle Pattern Forming
4. Strong Candle Bounce Off of .618 Fib Level
5. $ES Futures Looking Very Bullish On 1H & 4H timeframe.
AUDUSD has rejected the 0.69800 institutional level and has been playing around and testing 0.69500. It has approached the Daily 0.62 fibonacci retracement and I believe it will rollover to atleast the 0.67000 level. This has the potential to drop lower though but lets see.
Tendency: Downtrend ( Bearish )
Structure: Channel | Support & Resistance | Harmonic (AB = CD)
Observation: i. Trading Channel occurs as parallel trendlines connect price's Support and Resistance levels within 1.54300 and 1.50500 range.
ii. Channel emphasizes the sideways movement in the market.
iii . A Breakdown of 1.52200 from 61.8 retracements at point C might...
it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see...