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Fibonacci

GBP/USD Follow upA quick Follow-up on the GBP/USD Long Trade. We have reversed the position at 1.2448 a test of the structure 2. Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish. The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short) or a downtrend continuation setup. Initial Target 1.2347, If the price breaks below 1.2330, the downtrend will continue. Stop Loss: 1.2473
Short
by Charts247TradingAcademy
7
GBPUSD - Predicting The Next Level (Bear Cont. & Bull Counter)Technical analysis on the GBPUSD walking you through the process I use to make consistent predictions in the market. In this case the predicted level opens up potential trading opportunities for both bearish continuation traders looking to get short and/or bullish counter trend traders looking to get long. If you have any questions, comments or want to share you views on this pair, please leave them below & I promise to respond. I wish you guys a great week of trading! Akil
by Akil_Stokes
2
AUDUSD BUY FX:AUDUSD Preference: AUDUSD has been trending downward for the majority of the week. After consolidating and breaking above, we set a buy limit order at the double bottom on the 30-minute time frame and waited for this structural level to be retested. Our trade is now active. If this level holds, we could see a retest of the highs before a continuation of the downtrend. Alternative Scenario: If this level fails to hold, it would be safe to wait for a few candles to close. After getting confirmation that the downtrend is still intact, we could wait on a retest before looking for a sell with this pair.
by TKProphet
USDJPY Pre-London Session TradeThe Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish. We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH. Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci. If the price manages to trade above this level, there is a strong chance that the price will continue higher.
Long
by Charts247TradingAcademy
Portfolio Selection and Trade Execution - Know what to tradeToday we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted. We will only trade in the direction of the trend if the trend has not been violated. Below are the pairs selected using the scanner: EURUSD,GBPJPY,GBPCAD,GBPUSD,USDCHF,AUDCAD,AUDUSD EURAUD, We are trading the GBPUSD Long!
by Charts247TradingAcademy
$XAUUSD - Today’s Setup 15/04Good morning, fellow traders! ☀️☕️ Ready to dive into the world of trading? Check out my latest video where I break down the analysis on GOLD 📈💰. I'll be sharing my thoughts on what scenarios could unfold in the coming days. 📉📈 Don't forget to give it a thumbs up, hit that follow button, and take a peek at my profile for more insights! 📺👍 Let's make today a profitable one! 💪 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit that  BOOST button  if you like the idea 👍 Share these 👉 and make sure to  Follow me for your daily dose of gold trading analysis! 💯 Remember, always conduct your own analysis before jumping in. No financial advice here.
FX:XAUUSD
by alexm1011
1
Kiwi Upbeat after the RBNZ Hold but US CPI LoomsNZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would challenge 0.6217. RBNZ appears further form a pivot than its US counterpart, but the Fed has turned cautious around lowering rates and the three cuts scenario is being questioned. The RSI points to overbought conditions that can contain the upside and a rejection of the 38.2% Fibo would keep new 2024 lows in play (0.5938). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
by FXCM
GBPUSD SELL FX:GBPUSD We've reached a key level with GBPUSD. The 4-hour time frame gave us an uptrend with multiple rejections at the 38.2 of the Fib. If price fails to break above this level, we could see a retest of the 23.6 before continuing the uptrend. The close of the next 4-hour candle could give more insight on the direction of this move. Alternative Scenario: If the bulls' momentum continues, we could also see a continuation of the uptrend from 23.6. If price action fails to trade below this level it could be looked at as a confirmation of support at this level.
Short
by TKProphet
EURUSD BUY LIMIT OANDA:EURUSD Preference: Looking at EURUSD on the macro time frames, there is a chance that we could see a bull flag on the daily. Upon the retest of the 61.8 level on the Fib, the price will also retest a structural level on resistance and our downward trendline. After the trendline retest, we could see a reversal in the trend if the bulls fail to maintain momentum. Alternative Scenario: If the current trend of rising prices driven by optimistic market sentiment continues to gain momentum, it is possible that the upward trend will persist without any need for a retest of the 38.2 Fibonacci retracement level.
Long
by TKProphet
XAUUSD SELL FOREXCOM:XAUUSD Over the past few weeks, gold has continued to break structural levels and create higher highs, adhering to the upward trendline. We have reached another pivotal area on Gold. Price is showing early signs of exhaustion on the smaller time frames. We also have multiple areas of liquidity created by the price rejections that form new micro levels of support. If price fails to break the highs the 23.6 and the 38.2 are the next significant areas of support. Alternative Scenario: Price could also generate a short-term pullback to gather enough steam to break the highs. On the 15-minute time frame, the price is consolidating, printing a potential bull flag. Let's wait to see if price closes above or below this area to get a better idea about the turnout of this trade.
FOREXCOM:XAUUSD
by TKProphet