BITSTAMP:BTCUSD Time frame - 1D CALM YO TITS GUYS! IT IS NOT YET THE END! :-) First things first, it ALWAYS respects the 50 period moving average (yellow circles), so you can add that indicator to your charts. The price bounced off the strong confluence of fibonacci levels .382 and .236. FIBONACCI WORKS GUYS! Especially when they have confluence like ...
Here is a nice entry on GBP/CHF . Accumulation of : - Bullish Structure - Fib Confluance - Trendline retest - Standard deviation - Oversold - Support zone -ABCD pattern 2018 Will be a great year for me and my followers , don't miss the train ! Put your stop in profit when the first target is hit Good luck ! :)
USDCAD is definitely still on its way down still despite the news events of the interest rates. Brilliant sell opportunity. Its shot up due to that purely and had retraced right into the Holy grail of the .618 fib. This doesn't mean that it can't still reach the .786 fib but, in conjunction with the downward CTL, and the monthly resistance, of 1.28000 lining up ...
Price is in the 61.8% retracement zone from the last swing from 1.365 to 1.3025 + PA resistance + upper channel resistance. Since there was a falsebreak on the 1H time frame i believe price will go down to 1.338 at least . If 1.338 zone will be broken next support will be 1.335 zone. Best of luck :-)
It seems like CADJPY reacted to the support zone of fibonacci ratio and trendline + 88.0 -> round number. But before buying i'll wait for another retest near the low or another low with a false break. Then, a close above 88.5 ( which is a fibonacci ratio of the bigger swing and the last swing ) Will set CJ to 89.7 zone and 90.5 zone . Best of luck :-)
Whats up guys , Update** For those of you who are in my buy setup , I didn't expect the strong support at 0.764 to be broke . 0.764 is a potential good price to exit my buy position and also take a short to 0.75. So we have , - Breakout of blue trendline ( watch for retest ) - Cross of few other trendline - Fibonacci confluence Good luck !
After the big up trend this pair formed big H&S pattern but it looks like it failed to continue down. After It failed it actually created a bullish smaller h&s pattern . Now It looks like this failure is driving the price up to the 150 zone and 150.5 also looks reasonable for me . Everything is on the chart... Best of luck:-)
As you can see on the chart , support and resistance are marked and future targets for the buyers . I will try to buy the retest of support zone ( marked in yellow ) or the trendline - depends where the reversal will be created. If USDCAD will continue its uptrend it might be a nice low risk and high reward buying spot. Best of luck :-)
BTCUSD spiked a strong support zone. If the big up trend will keep going then i believe it is a good place to buy. So i look to buy the retest of 6000 wich is a round number + PA support + fib confluence and to get a low risk position i will wait to buy a false break down on the lower time frame. First Target will be 7000 zone... Best of luck :-)