Get started

Fibonacci

DXY - Expect Fireworks This Week!With interest rates on everyone's minds this week, I am expecting high volatility every day starting from Tuesday going into the end of the week. Thursday is the big day with 17 red folders and 4 gold folders (high & medium impact news) so expect hailstones from either side. Many will make millions Many will be liquidated Contrary of the fact that Mondays price action is bearish, I am expecting a further incline in price action for dollar index; 104 being the point of interest My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
TVC:DXYLong
by LegendSince
ZB1! - Eat or Be EatenWith 7 daily bearish candles, how many people are currently betting a retracement will occur? That's the question I ask myself when I study recent and current price action. 118 is unfinished business for short sellers with 117 also in the cards if 118 does not show signs of respect. This goes in line with my bullish bias for US10Y. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT:ZB1!Short
by LegendSince
ZB1! - Deprived Bonds There is usually a very tight correlation between the bonds market and the yields but what we have seen especially on Friday is price action moving in tandem to each other. Yields closed bearish whilst Bonds had a shift in market structure whilst closing bearish on the Friday which indicates something will give soon! 121.02 was my expectation for this weeks price action which was met but we have yet to retest 121.02 after running right through it. 120 would be a deep retracement but I would not rule that out of the cards for next week. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT:ZB1!Short
by LegendSince
USDCHF Crosses the Trendline break down for ShortUSDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 0.87816 fibo zone 23.6% Stop loss: 0.88676 Take profit: 0.85769 at fibo 61.8% #2 Sell: 0.88186 Stop loss: 0.88186 Take profit: 0.85781 at fibo 61.8% #3 Sell: 0.88349 SL: 0.88688 TP: 0.85775 #4 Close 1/2 Order when price to Fibo 38.2% and move SL to Entry price # Good look to you
Short
by FxiZLife
USDCAD Dropdown and Break Trenline USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 1.34958 fibo zone 23.6% Stop loss: 1.35520 Take profit: 1.33889 at fibo 50% #2 Sale: 1.35211 Stop loss: 1.35521 Take profit: 1.33429 at fibo 61.8% #3 Follow the price movement closely. You can close half of the order when the price touches the 38.2% fibo line: 1.34370 and move the SL to the entry point to preserve profits. #4 You should only enter a maximum of 1-2% equity. #5 Good luck to you.
Short
by KDFund
EURJPY Break down Trenline begin DownTrendEURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3 Follow the order if the price reaches 1/2 TP, close 1/2 and move the SL. Good Luck to You!
Short
by KDFund
2
ZB1! - 121 Premium Prices Coming W/ Lower Interest Rates?With Yields and bonds having a reverse correlation, I am expecting bonds to continue trading higher, targeting the 121.02 EQ range. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More! The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated. Credits; - Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
CBOT:ZB1!Long
by LegendSince
Fibonacci retracements and extensions Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci retracements, identify the prevailing trend in GBP/USD. Fibonacci retracements are typically applied during trending markets to identify potential retracement levels within the trend. 2. **Select Swing Points:** Identify significant swing points on the GBP/USD chart, such as recent highs and lows. These swing points are used to anchor the Fibonacci retracement levels. 3. **Apply Fibonacci Levels:** Draw Fibonacci retracement levels by connecting a swing high to a swing low (in an uptrend) or a swing low to a swing high (in a downtrend). Common retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. 4. **Analyze Potential Reversal Zones:** Traders look for GBP/USD price to pull back to one of the Fibonacci retracement levels after a significant move in the direction of the trend. These levels may act as potential support or resistance zones, where traders anticipate a reversal or continuation of the trend. 5. **Confirm with Other Indicators:** Confirm Fibonacci retracement levels with other technical indicators, such as moving averages, trendlines, or candlestick patterns, to increase the probability of successful trades. **Fibonacci Extensions:** 1. **Identify the Trend:** Fibonacci extensions are applied to identify potential price targets in the direction of the prevailing trend. They are often used in conjunction with Fibonacci retracements to identify both retracement levels and extension targets. 2. **Select Swing Points:** Similar to Fibonacci retracements, select significant swing points to anchor the Fibonacci extension levels. These swing points should represent the initial impulse move in the direction of the trend. 3. **Apply Fibonacci Levels:** Draw Fibonacci extension levels by connecting a swing low to a swing high (in an uptrend) or a swing high to a swing low (in a downtrend). Common extension levels include 127.2%, 161.8%, 200%, and 261.8%. 4. **Identify Potential Price Targets:** Traders use Fibonacci extension levels to identify potential price targets where GBP/USD may encounter resistance or support as the trend progresses. These levels act as potential areas for taking profits or setting price targets for trades. 5. **Combine with Other Analysis Tools:** Combine Fibonacci extensions with other technical analysis tools, such as trendlines, chart patterns, or momentum oscillators, to confirm potential price targets and strengthen trading signals. By incorporating Fibonacci retracements and extensions into their GBP/USD trading strategy, traders can identify key support, resistance, and price target levels, helping them make more informed trading decisions and manage risk effectively.
Long
by FrankAgbo
Nio: Can This Fallen Angel Get Its Wings Back? Lets find out Today, we're taking a deep dive into Nio, given how low its price has fallen. By examining key valuation metrics like the P/S ratio, which is currently at its lowest ever point, we can ask: Could Nio be poised for a strong comeback? Let's put this to the test using my groundbreaking Nio chart analysis method, EW 2.0. Curious about my EW 2.0 method? Catch my latest trade ideas below – you might see how it unlocks hidden patterns in NYSE:BABA & CRYPTOCAP:ETH charts. NYSE:BABA : BINANCE:ETHUSDT :
NYSE:NIOLong
by SabahEquityResearch
6