A nice carry trade with multiple solid combination! Always a pair that is worth noticing as the market goes choppy.
In forex trading, the Fibonacci sequence can also be applied to market behavior to find high-probability trading setups on a wide range of timeframes. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is created by taking two...
pin bar on the daily with the 0.61 fibo ... good time to sell
After smashing the Short on this pair I've had a closer look and think another sell could be a possibility back down to daily trend line before smashing up!
Hi guys,there are plenty of scenarios of how this pair will play out but I will be looking for possible turning points around the 61.80 fib. If market is gonna make a deeper correction then selling to the trendline and watching if it breaks the trendline or bounces back seems like pretty good idea. Manage money well and trade with care.
USDCAD formed a bullish gartley pattern Wait for pull back to enter Around 1.3105 will be a good area to long SL : 1.3035 TP : Follow arrow
USDTRY pulled back a little bit after testing the previous low, I'll be waiting for the 0.618 spot around 5.8400 to open some short and put the out above 5.8700. Let's see how it goes yo!
BTCUSD pullbacks a little bit after the rally @ 10/25 here we got this combination long opportunity, which will make me want to focus on the 8500 spot to long. Before that, I'll be waiting for the inside week breakout and trade with the momentum. Let's see how it goes!
The bullish bat worked fantastically! Now the 2 0.618 retracements are basically both at the 15.06 spot, which will be a good combination short to focus on! A sell limit @ 15.06, Out: 15.1400 1ST kick: 14.9800 TP2: 14.7500 Let's see how it goes yo!
AUDUSD has retraced to its 0.618 spot and formed a shooting star, which is right after the pullback of the bearish bat. That is, I would like to short this breakdown as a confirmation entry to put a sell stop below the shooting star low! If it made new high before triggering the stop, this trade will be cancelled. Let's see how it goes yo!
The Price Crossed the .618 'Trend based fib time zone' at the same point it hit the .618 retrace. Guess thats all there is to it.
Hello Traders! Volatility is back for Bitcoin! The bear flag came to fruition (chart in link below), Bitcoin is now currently testing a critical support zone which needs to hold otherwise lower lows are at play. The chart is somewhat also forming a potential falling wedge formation, which is a bullish pattern, are we probable to see a bounce from current...
- Pennant chart pattern formed indicating a bullish continuation of trend. - Wait for confirmation candle - On the W1 timeframe price is respecting the 61.8% level - H1 timeframe is showing an uptrend and price retraced within the pennant. - We are looking for price to break outside of the pennant and retest it before entering the trade
AUDUSD retrace to 618 level around 0.67240 will be a good area to long Potential AB=CD move, which also form a bearish bat pattern upon AB=CD completion SL : 0.6700 TP : Follow arrow
USOIL Bullish Gartley and AB=CD completed Wait for pull back to long Around 52.50 will be a good area to long SL : 51.40 TP : Follow arrow
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...