Long leg started to move on the EUR/USD pair. We have confluences on different TF's.
Last Large ABC correction down, and 5500 region has very a good reason for a tap of the major trend line and the .786 fib. This chart I made purely on geometrical symmetry where the Elliot and fib seem to align in harmony. This is my more bearish count. Possible we could still bottom out at 6200-6500 as i stated before. But having more options on the table and...
Waiting for retracement to bounce of the fib 61.8 , price action and then also the trendline to create a 3rd touch.
expecting a short as you can see its just bounced of a rejection zone, exepcting a breakout of the trendline and entry is just under the trendline for safer entry, to me I can see it squeezing for a sell is on the cards for this pair. it might go long to the zone and will short after that, which ever one it touches I will enter on.
Price is at the 50 level of the last major fib retracement. There is structural resistance at this area. Price has formed a bearish bar out side the trend line. Price should continue downwards. Divergence is evidence.
Some basics trend lines and fib rules here. With market sentiment overly bearish atm, I feel short squeeze is coming sooner than later. If BTC makes botom here, that will be 3rd strong point of a long term trendline, and will make this trend line official.
We all love a pending order where we can set, forget and collect. Set the order - Pending buy @ 107.700 - Stop Loss @ 107.200 - Take Profit @ 110.00 Forget - We can leave and forget our pending buy with some confidence due to the quality of the setup. This is a straight forward Fibonacci setup on a high timeframe, using a high timeframe adds weight to the...
Hi, Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend. **************************************************************************************************** Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation. The logic of this chart is also used as a reference but...
Hello traders, We hit 1445, retrace back to atleast 0.5 (1489.76) before the drop down to 1424.19
According to Fib retracement, these levels look reasonable to short as we are a bit over extended!
Hello traders, Gold seems bullish till 1536 before retracing back down! NOTICE THE INDICATORS BY THE WAY TRADE SAFE
Vemos un nuevo swing bajista de USDCHF. Los pares estables como este suelen dejarnos grandes movimientos y gran seguimiento de los analisis técnicos. En este caso encontramos grandes confluencias: - Por un lado ruptura de una tendencia alcista donde vemos la formación clara de un HL. - Por otro lado vemos un rechazo claro en una zona de reaccion del precio -...
Price action was directly on the 0.382 fib retracement line. Broke the descending pattern and is on track towards another rally.
Falling wedge, gold making a similar pattern and breaking out today. Any significant move in gold should inspire a simultaneous move in Fresnillo. Fib targets.
just bring on 6k so we can move this thing up again... gold pocket to 1.62, abc complete (but this time is different)
Going Long Slowly Slowly
Trade war, Hong Kong, memes, news, tweets. Anything is possible and I just want to be as safe as possible. Never risk more than you can afford. This is NOT financial advice.