i would say you can have a safe buy to the 2.6 we just had a retrace off the 38.2 and strong candle stick to form higher highs in price to break previous structure indicating that we are still in a bullish market, we have broken previous supply in the markets now they are demands so we can expect some buyers to keep pushing on to the previous 2.6 to get out at the...
Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC) ! ...
we have form a beautiful channel, let's hit those targets!
while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news . Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence...
After the past two disappointing days, It looks like sometime today might be the charm. verge looks like it has a verge healthy correction and is now ready for some up trend action. target one is the yellow 1 at the .618 fib which happens to have some nice confluence, which makes hitting a target more likely. we got some nice MacD divergence with some higher lows...
Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders. Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since...
Price has been stalled on multiple support zones and created a low risk buy opportunity. look for an intraday buy setup in the London/US session to get in . next resistance/target zones are marked on the chart. Best of luck :-)
Have a probability to counter trade at GBPUSD 1D Kill zone is around 1.3890-1.4000 wait and see .
XRPUSD has been consolidating in a triangle since the ATH. It is now nearing the point of the triangle and I expect it to break to the upside. I am basing this on the strength of the previous bounces when price has hit the bottom of the triangle and the fact that the prevailing trend is very bullish. The point of the triangle corresponds with a level of triple...
Confluence occurs when several technical indicators give the same trade signal. Price is at 50 sma and in between a black 38.3% to 61.8% fib. Long take profit range in between 2 fibs at -27.2% Short take profit range in between 100 sma & a 50% red fib & 127.2% black fib
Following on from successful short and a big move down after breaking through the neckline of a H&S pattern up at the recent highs, I'm still favouring a little more movement to the downside on this pair when the recent fundamentals are also taken into account. After the most recent move down, we have been consolidating in this sideways market for a few days. We...
If you see my other post linked at the bottom of this post, I was looking to go long and the news pushed it perfectly. Unfortunately, I was stopped out by the news spike. Price is already seeing some reaction ahead of some identified levels... A daily trendline,structure, 78.6 fib, and 1.618 fib inversion. I'll be watching price action the rest of the week and...
Hello everyone! There is a potential opportunity here on GBP/USD, when the cypher will be complete. On the Daily timeframe (sx) we can see the price go through some important support levels, and one of them, now turn to resistence, will be in the area of the cypher's D point. We also broke the last one on our left, and that is a possibile confirmation that the...
Ngas on Friday prices dropped in a downtrend (a bearish bias) through trendline support near Fibo 0.618 level which is now seen as Resistance at 2.92. Support is seen near 2.86 Fibo 1 level As we can see on the 1hr Chart Momentum is bullish and technically I will be looking for a retest / pull back sell.!! Have a nice weekend
I've drawn on the chart the confluences I can see at a quick study. As you can see, there's plenty pointing towards the 92.000 zone. Price action will now prove this theory right or wrong.
NZDUSD is currently struggling around the Resistance level around 0.734 It is possible that the Kiwi Soars forming a Double top formation, but It has a small probability to occur under this current situation. NZDUSD is expected to continue going south, after finishing its current retracement, reaching a lower high of 0.734, which is no more than the 0.618...
Fibonacci inversion trading setup with 2:1 reward/risk. If market retest D point short the market. There is also absolute confluence between the 1.618% projection of AB and the 61.8% retracement of the impulse leg. With regards, Michail Sideris
Harmonic Move/Double Top/Fibonacci Confluence