abcd Fibonacci Bear Pattern. Bear Fibonnacci with Tp at 1.27 reciprocal i wont be surprised if it broke down into the second tp which i did mark with a blue line, we can see that we are still in a bullish up trend however we did break our previous low which will put us in a short term bearish trend, i will except gold to fall im waiting for a reversal bear candle, i will finish this analysis when i get the confirmation
Confluence
XRPUSD: Long to resistance at Fib and Gann Fan confluenceSo XRP is putting in a decent recovery from the Great Crypto Crash of Jan 2018. Based on having broken out of the downtrend marked by the channel, as well as seeing the drop since the ATH as a three wave correction with wave C completing at the 0.786 extension level (see linked idea, in comments) - we can have a level of confidence that we have exited the corrective phase and are in the early phases of a new bullish impulsive wave.
Our target for this trade is not to Hodl or shoot for the moon, I am hoping that enough people learnt the risks of that in this recent corrective phase. We are simply targeting a very precise looking Fibonacci confluence level which is also strengthened where it meets the Gann fan. I think there is a fairly strong case for this Gann fan overlay, looking at the price history.
Best of luck!
GBPJPY short opportunity at resistance level 153.250Look at all the fib confluence at the resistance level. We can look to enter short within this point in the market. Market just broke and closed above previous structure resistance which indicates a further move to the upside. Next level to look for is within that red zone at which we can look for a short entry. Stops would be placed above 153.400 even handle and we could shoot for targets back down into 152.800s
GBP/CHF : Quick Trade & High R/R 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 ! :)
BTCUSD - FUD and Panic!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 this.
Re-test of the .236 and .5 fib levels. If the price breaks through above that level, I'd say sky is the limit!
BUT if it fails to do so, we might see it go down 12k-11k level before bouncing back again.
The way I see it, the bears always lose the tug-of-war so we might see the rainbow again soon.
GOOD LUCK TRADERS! ;-)
USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSILooking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.
USDCAD BRILLIANT SHORT OPPORTUNITY!! 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 perfectly with the .618, this pair is going to continue to melt!
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EURUSD - Looking to buy in support zoneEU main trend is up and made h&s pattern that failed - many entered short but price moved up against them .
Yellow zones of confluence marked on the chart , there i'll try to buy the lows with falsebreaks/reversal patterns.
Everything is on the chart...
Best of luck :-)
GBPUSD - SELL down to 1.335 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 :-)
AUD/USD : Short Entry to 0.75 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 !






















