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AUDUSD pending long order...Weak dollar strength, HH. HL Still wait if continuous uptrend market will take our pending orders. Do your own analysis ... Dont Forget Moving Stop-loss At Break-even Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
by tyleralee
Fibonacci Retrace EducationI've had a few of you guys asking me about how I determine my corrective/reversal points per fib, and since I had a great trader teach me the ropes on how fib moves, I thought I would do the same. Follow each colored arrow to its respective fib. These are typical fib patterns to see on retraces. The same happens in bear markets. Also, you will need to apply these rules to the respective range. None of this is guaranteed to happen also. Studying fib will quickly teach you that there's fibs within fibs, so that's why you really have to measure each level and measure all ranges. This becomes easier through time and as you apply it to your trading. Best practice is to just study retraces. Fib IMO works best with an oscillator of choice, and an advanced level of understanding volume within price action. Lastly, understand -- not even fib is perfect and I did not list every typical scenario that fib retraces show. These are most of them though. If you understand the power of the 618 and the 382 (618 inverse), then you're well on your way. *not an indication to buy or sell* *use at your own risk* Educational Purposes Only. Goodluck.
OANDA:XAUUSDEducation
by UnknownUnicorn1269892
13300k Incoming ? BTC/USD $BTC #Bitcoin #btc #cryptoBitcoin surged last night above 11800 and right now is 11950 - just under 12k . Surely 12200 will come soon. But more importantly we are now inside the 'blue' band of that pink and blue regression band . We had been in the lower pink part of that band for awhile but last night we broke up into the blue part of this 'regession channel '. That's bullish imo . That should mean we head up to the top of the blue area of the band . That should bring us to 13300 area and possibly higher ! I myself called for 14 k Btc by Halloween , see my idea linked below . Also the 13350 area is a .618 fib on the chart ( running your fibs from 2019 low of 3150 up to 20k . ) That's an important fib and almost certainly we are going there now . That red star on my chart should be the next level up we hit . Patience definitely brings good things to those who can wait !
BITSTAMP:BTCUSD
by shimmeringpath
2
EURJPY - Fib levels I don't use the typical multi TF levels. I choose a bunch of TF that I am more comfortable with. (Thus the 2h chart) I have market everything on the chart for you. I prefer to keep the chart as clean as possible. And Personally, I am not a big fan of candlesticks. Whether on the chart or off the chart. Focus more on your risk management and psychology, cause the technical part is the easiest part. It is the Risk and the psychology that absolutely murder the retail traders. Not the technical. Happy trading and stay safe. :)
Long
by Sepz2020
AUDUSD - 4H Short TermWe have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box). Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come through. Sells within the black zone above seem ideal though I would wait for confirmation of another lower high to continue the move downwards.
by jakedubbz
$JMIA (Start of wave 1 after zigzag countertrend) PT $16Tony's Picks I have recently started analyzing charts and have come across this interesting idea. This chart is on the 4hr time frame. It looks like $JMIA is about to enter wave 1 after a 5-3-5 zig zag countertrend according to the Elliot wave theory. This idea assumes everything prior to this trend was just an IPO countertrend. Wave 2 two bounces off the .618 from wave 1 fib retracement perfectly. On the weekly chart it could be argued that we are still in one large wave 1 on macro level. I could see a $16 price target being realistic based off this chart. Expect volatility as $JMIA still has a lot to prove. Curious to thoughts and comments. Thank you.
NYSE:JMIALong
by TonyPicks
2
AUDJPY Short PositionI have entered a short position on AUFJPY for the following reasons: 4 hour fib retracement to the 78.6% area, which has previously been a good area of resistance There is the formation of a double top at this 78.6% area, enphasising the potential for a downward push A glance at the 4H linear regression shows that price is currently above the mean and also shows a downward bias My take profit has been set at the 0% fib level, which has been a strong area of support. This trade gives a solid risk/reward ratio of 4.26.
Short
by UnknownUnicorn8106969
eurjpy sell potentiallooking retest previous support structure as resistance on daily timeframe, as well as rejection off the .5 fib around that level , plus when we get to that point which I've circled roughly (purple) we will have ran out liquidity from the sellers catching there stops from where I've put in a solid yellow ray , finally I've circled on the RSI point which I believe when price gets to the desired point which I've circled well have bearish divergence forming there on the 4h timeframe. WATCH STRONG WICK REJECTIONS ON THE TRENDLINE.
Short
by wratey12
Possible Fib retrace starting, multiple factorsMultiple factors point towards a fib retrace starting here, if it can hold the .236 fib at approx 1901.6. Inverse head and shoulders formation, we also had a RSI breakout at the bottom of the move. We have also potentially broke back up into the descending triangle which we broke down from. Looks like the .382 could meet with the descending trend line and would be the approximate measured move of the inverse had and shoulders at 1934. We can take some profits there and see what happens. Want to be my first follower? Criticism welcome and appreciated!
OANDA:XAUUSDLong
by Gardener1