Fib
Imbalance Trade EURAUD 1hr Imbalance Gap
50% Fib from zone or High of the zone for Entry
1:2 R/R @ 20 pips
analysis EUhello traders, there was hardly any set up lately in the EU however, there was a big buy, but some of us missed the opportunity. So therefore, I have multiple bias of ideas for you guys to see and look at. Highly recommended for you guys to wait at least 2 hours for the candle to close to make your decision. You can see it was making HH and HL. During this time I do not see any of the candle making LH yet. waiting time. Once it broke structure then you would look for sell opportunities , if not look for buys opportunities. thank you for reading!
XRP Daily - EOY RevisedUsing the zones shown with the reasons ( 61.8 & 78.6 retracements ) for them being there shows why we have seen price push up to $0.28500 just now.
$0.29999 is a major prior resistance which I could see being tested one more time before a final drop to $0.17000 before we moon in January, hopefully 🤞
Bitcoin should bring down a majority of the market aiding this bias as it will be banned / useless due to governments / regulators saying it's bad for climate change, IMO.
I would expect the long term fib retracements to come through the end of this month and throughout December before the extensions / bull run occurs in the new year.
CADJPY - 2 WEEK LONG TERM - THE (COVID SH*T) SHOW MUST GO ON.This is a long term projection
I know it sounds crazy but by the look of it, banks are predicting that this covid situation will continue longer than we expect ... or if it's not covid, it will be something else that will affect the market.
This is my prediction.
Whatever you do, do risk management properly.
stay safe folks :)
Fib Levels - Profit margin opportunityMajor Pullback from high, just went down until 2,42 level which is very strong level on fibonacci. It got lots of demand from that point and went up to 3,5-3,6 point which is also strong resistance for fibonacci level. For my idea , it will be between 2,42 -3,6 level for a while. it can be good opportunity to trade between area. its %35 profit margin area.
weekly fibs say....Bitcoin is out of steam
weekly fibs show we are at a perfect level to turn around.
All time high to 3k swing low fib we just hit the .786
3k swing low to 14k swing high is almost at the 1.272 ($16,741)
Bitcoin out of steam at least for now weekly fibs show we are at a perfect level to turn around.
All time high to 3k swing low fib we just hit the .786
3k swing low to 14k swing high is almost at the 1.272 ($16,741)
GBPNZD [SHORT] Fib Level TradingFib Levels showing a nice bounce off the 0.618, chart is trending down so should see this reach 1 then 1.27 hopefully
BTC Bullish beakout According to Fibbonacci/freestyleHI guys.
I have been observing the chart through the eyes of Fibonacci a little closer.
Maybe I am onto something.
I would appreciate your comment on this.
We should be touching 17800-18200 price before Friday, and retracting to 15k by Monday according to this prediction.
I hope you like it.
Not financial advice.
Happy bull run!
Analysis GJHello traders, a much better and improved chart. look for patterns or breakouts, if not it will go against you. trade smart not hard. trade 20 pips a day and it will change your life forever. Thanks for reading!
Gold - (Almost) Post Election AnalysisWith Election proceedings still in process amidst legal challenges to a plethora of voting irregularities, i thought it would be fitting to check in with my personal favorite 'safe haven' asset.
As you can see price has been steadily trending higher on the weekly timeframe, experiencing a few instances of profit-taking along the way (which i believe we experienced since the tremendous move in August).
the MACD is signaling that a potential bullish momentum shift may very well be taking place, i.e. a bullish overall trend that may well be signaling a trend continuation = very good.
The overall trend is very nice, with clear separation of the moving averages and relatively minor pullbacks along the way.
This however is what has my attention most at the moment in gold, the presence of a tentative weekly squeeze, i have highlighted the moves that occurred after the last 2 weekly squeezes that fired.
Whilst this squeeze is still forming (there may very well be a little more sideways movement for a few more candles), this lends itself quite strongly to the bullish side of things for the near-term/ mid-term for gold.
On the daily we can see where that resistance (cause for sideways chop) may very well be coming from, as we are currently sitting just below the 50% fib retracement from the prior swing high.
The highlighted doji candle also indicates some possible indecision, that being said i do expect that gold will push onwards to the 61.8% fib retracement with minimal effort, at which point a little bit of hesitation would not surprise me, this may very well allow the weekly squeeze i mentioned to develop.
In any case i will be eagerly watching to see how the next few weeks shape up for gold, should gold decisively clear the 61.8% level, there is very little resistance between there and prior highs, perhaps a little at around $2040/ ounce.
A fib extension gives a possible idea of price targets, as well as potential resistance levels for the coming weeks.
-TradingEdge
Bitcoin second path to $250,000 by mid 2023This is another possible Bitcoin price projection into 2023 whereas I have also provided one for mid to late 2022. Of course, this is all speculative and you should not base any trade moves based on this theory. I am using the fib circles and pitchfan fib to help me with some kind of direction towards the $250,000 mark.
