Bullish 2.00 Extension appearing on a 15m chart of XAUUSD The chart reveals a potential emerging trading opportunity. Will be trying to buy this market with a limit order at the 0.236 level after testing the 0.618 level plotted on chart. Stops will be at prior lows with profit target sitting at prior highs. Will be moving stops to break even after a 2nd attempt...
Hello all, The ETHBTC pair performing quite well recently and is without a doubt the most important chart in crypto when it comes to altcoins performance. What I notice looking at the Weekly chart (below) is that the 0.35-0.37 zone was the critical one to surpass to initiate a bullish reversal. The solid resistance zone was also where the 21-day EMA was situated...
After hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off...
This is my honest take on PolkaDOT. That bitcoin drop was harsh and sudden no doubt about it, but with every crash comes an opportunity. It's unclear what will happen in the next day or so, but here are some potential trade set-ups that can be made. For a long position, I would like to see a close on the 4H chart above the .618 Fibonacci extension line. It has...
Trading Plan (EXTENSIONS) ENTRY TECHNIQUE Visual interpretation of predefined set-up on chart ( ABC ) A price movement of 61.8% measured from B to C Pending limit order at 23.6% measured from B to C TRADE MANAGEMENT StopLoss: C TakeProfit: B Comment: Bullish Fibonacci extension appearing on chart. Stand by for confirmation. Good luck to everyone...
Trading Plan by TraderSeb Trading Goals: 50% Win/Loss Ratio 3 RRR Money Management: 5% risk per trading day Risk Management: 1% risk per trade Trading Methodology: Fibonacci Retracements and Extensions Entry Technique: 1. Visual interpretation of trading methodology 2. Price movement of 61.8% in direction of trend 3. Buy limit order...
Short to support, stop yourself if it goes over the resistance. Powell needs to announce more market support, but likely no changes will be announced. Dems planning new wealth taxes, so people may continue to liquidate in fear. It's also just below a long term fib extension, Fork drawn from march crash last year. Could go down to 12700.
as we ca see the price has already touched the 161.8% Fibonacci projection and it is called as extension zone and it can be interpreted as a good long confirmation please comment your opinions
''SELL LIMIT ORDER'' Why sell? Bearish 1.414 extension Trading Plan Sell limit orders at 1.272 and 1.414 fibonacci extensions. Stop loss at the 1.616 extension +5 pips(and spreads) Target prior lows When price moves 61.8% in the direction of trend, stops are moved to break even for risk free trades Good luck to everyone trading Bitcoin!
if breaks we can get 1.61 our entry
Long term I can see us pulling up towards the $5.00 161.8% mark. Now is a good time to enter, Try to snipe a better one should it drop.
Hello, welcome to the analysis of this post. Thank you for liking this comment👍👍👍👍👍 I think that in this analysis, because we had a break in the trend line and encountered a very strong resistance, we have the possibility of returning to the trend line, and dear friends and buyers and respected sellers can enter the position by managing the principal of capital.
After a breakout from the bullish triangle while price is above of MA 50 days, I will expect that price going to raise approximately of the base of the triangle. NOW Price made a good candle above of both consolidation area and strong support line and it is a good news that price will be able to kiss its strong resistance. For neutral It seems that price will...
The SPY has been trading in an upward parallel channel since November - briefly dipping below during the selloff last week before sharply recovering. I believe the market is due for a more extended correction for several reasons: - The MACD and RSI are both displaying negative divergences, which is a bearish signal. - Furthermore, the On-Balance Volume (OBV) is...
Confluence of some signals as indicated in the chart + bullish MACD, confirmation of a big inverse H&S formed since October... We are in a period of market uncertainty but their earnings date in February could act as a strong catalyst for the stock. Not a financial advice! Please like, comment and subscribe if you want to create a bigger community with better ideas.
Enough momentum to achieve $261.5 before the February earnings release, where we can see a confluence of the fibonacci extension 1.618 and the top of the parallel channel drawn. Manage properly your risk! Not a fiancial advice.
128 PSYCHOLOGICAL LEVEL maybe the next level to expect a significant short based on pattern of about 50% retracement.
Will be interesting to see if the bullish move in GBP/USD continues. Obvious last pullback to 0.618 retracement. If we can break above structure to form new highs then a target of 1.272 extension looks reasonable with a 1:1 move from previous as well.