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Fibonacci

US 30 Potential Sell-SetupOANDA:US30USD Taking a look at the 2 hr time frame. I noticed that price created and confirmed a double top, which is a top reversal. Also at the closest structural level of support price also formed a inverse head and shoulders pattern on the same time frame. In this battle of patterns, let's see if the double top holds after being retested by price. If price does not respect the highs, wait on a clear close above the double bottom pattern that was printed and we can enter the buy on the retest of that broken level of resistance.
OANDA:US30USD
by TKProphet
Can the HOUSE CAPITALIZE LONG ABOVE DAILY SWING EQ...?NYMEX:CL1! 1) The 1st confirmation I want to see is price break the last 4Hr Swing High ($76.25) and head towards the EQ Fib level ($76.55)/ 4Hr Supply Zone... 2) Now what happens next is what will determine if we go LONG or not.... The only thing that makes me slightly hesitant in taking this LONG is the fact we have an ascending iR/LQ Trendline currently that buyers have created and I know for a fact Sellers need to sweep this liquidity the question is when will they do it? 3) Once we break above the Fib EQ level ($76.55) I need to see a candle closure above price on the 30m TF & Below... However Price could very much so close above inside the 4Hr Supply then sellers step in and drop price to sweep the iR/LQ then buyers push price rii back up above EQ Level... SO its case by case scenario lets just await and see what happens... Ill keep update as PA prints.... Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!! Stay Focused & Reach Excellence!! #BHM500K #NewERA #Champions
NYMEX:CL1!Long
by TreyHighPwr
AUDUSD-4 Confirmations RR 1:3 Also recap of BTC and GOLD tradesAUDUSD Short- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up 4 confirmations: 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
Short
by Manny_FX_
BTC Bitcoin Long- 4 Confirmations R:R 1:2 Part 1BTC Bitcoin LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
BITSTAMP:BTCUSDLong
by Manny_FX_
GOLD XAUUSD Long - 4 confirmations R:R 1:2 Part 1GOLD XAUUSD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
OANDA:XAUUSDLong
by Manny_FX_
2
US30 PredictionBeginning with our weekly timeframe, we have seen that US30 has twice struck a zone of strong resistance. US30 hit an all-time high of 39,984.1 on April 1, 2024. On Monday, May 20, 2024, that level was again hit, forming a double top and, in accordance with our trendline, a resistance level. The market subsequently dropped right away to the zone 38,023.1, which was a solid area of support. We are now in a bullish rise that I believe will retrace to about 39,007.1. At that point, I will open a sell position and aim to capture my profits at the levels listed below. TP1: 38,799.2 TP2: 38,348.6 TP3: 38,017.5 TP4: 37,673.3 TP5: 37,282.4 Moreover, if the forex gods are insane TP6: 36,026.4 I appreciate you viewing my analysis. Any and all criticism is appreciated.
CAPITALCOM:US30Short
by thobanizuma
GOLD XAUUSD LONG- 4 confirmations - $630 profit secured. Total growth for the week $1,000 for 1% 6 trades: 2 wins, 2 losses, 2 cut even. GOLD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up. Took profit while recording the explanation The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4, H8 or Daily timeframe. 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
OANDA:XAUUSDLong
by Manny_FX_
USDJPY Long - 4 Confirmations- Reentry Trade Post News. R:R 1:2USDJPY LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up. The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
Long
by Manny_FX_
GBPUSD Long - 4 Confirmations Part 1 R:R 1:2GBPUSD Long- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up 4 confirmations: 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4 or higher 2nd Confirmation: Retest at a zone of Supply and Demand. The Supply and Demand zone needs to be formed from the H4 or higher 3rd Confirmation: Confirmed engulfing pattern in the direction of the trade starting at the H1. 4th Confirmation: Break of support or resistance in the lower timeframes starting with the 3 minute in the direction of the trade.
Long
by Manny_FX_