#USDCAD must be monitored for a possible longterm SHORT entry from 1.3386 Area.
It's making a perfect #0-5pattern.
Point 3 is 27% #Fibonacci point. Weit for point 4 to be confirmed.
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Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on GBPNZD . Here as you can see, the market broke above the previous highs of 1.94155 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 1.9378. Since my entry got hit, I put my stop loss 10 pips below the most recent...
Have been following EURUSD some. Still newer to trading. However, I do see a gap in the market lower down on the weekly. Price may come down to there. Was looking for a sell setup as a previous buy from a couple weeks ago did not pan out. And here, we may have made a new lower high before dropping down again. Taking the fib tool and we can see how price has...
Trading plan for EURUSD
We can see EURUSD is moving within the down trend line now. Should the trend line broken, there's a potential AB=CD move
Plan A (Short) : Wait for AB=CD completion, around 1.1060 will be a good area to short. TP 1.0950
Plan B (Long) : Wait for the trend line breakout and pull back, around 1.0950 will be a good area to long. TP1 1.106
The GBPJPY made a large recovery on the news a no-deal Brexit has been blocked by the UK Government.
There has been a nice cup shape recovery, followed by a retracement down to the 61.8% FIC level.
This is also a major support zone.
Johnson is now negotiating with the EU about the Irish boarder issue.
Any positive news coming from the negotiations...
The USD gained a lot of strength early hours this morning during Trumps speech.
Trump suggested he was positive on making a deal with China, Japan and the UK after Brexit.
GOLD dropped due to decreased demand of safe haven assets.
The head and shoulders pattern is suggesting a break towards the 61.8% FIB level at roughly 1450.
This is also...
This is pretty much a must-take trade for me as even I trade the inside day directly,
It's only a 20 pips risk trade.
Kind of a textbook 0.618 and inside bar combination trade!
Willing to take the breakout long, if it breaks to the downside, this trade will be cancelled.
Let's see how it goes yo !
Ravencoin has a fairly predictable pattern of creating sharp falling wedge and then breaking out of them violently. There was even another one that is not reflected on this graph as it happened before the coin was added to Binance.
I don't have time for a very long analysis but as a long time miner and holder of RVN it seems from my experience we are due for a...
Quant had an amazing run from late May through mid July. A correction was needed and it appears that it is complete. There was a perfect retrace to the bottom of the .618 Fibonacci zone. During the correction, volume decreased (bullish) and a nice falling wedge has been formed. It looks like this wedge could be broken soon because there is about to be a bullish...