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Fibs

USDJPY 03/05/19- Daily UJ closed today with an inverse candlestick formation (shooting star). It is still showing resistance around 112.000. We may see a pull back tomorrow before a takeoff. Since we're seeing the increased strength in USD and JPY we could be seeing the result of this in these few days of indecision. - 4H Price is still within the range drawn from yesterday. UJ has formed a double top near the top of the channel. We could see a sell off encroaching. I would need to wait and see how tomorrow morning unfolds. - 1H UJ is showing signs of the change in trend: - Bearish TK cross, price inside the cloud, but below the Kijun. We may want to either leave this one alone, or see if we can catch the opening bid.
by jonjaytx
EURJPY 03/05/19- Daily Price closed with a small bearish candle. Everything is still above the cloud signaling bullish momentum. We could see a reversal soon. - 4H Price has come to rest near 78.6 This could be where we see price reverse back to the upside. It's no guarantee since we see price falling back inside the channel. - 1H We can see a strong rejection off of 78.6. This could be the start of the uptrend back to the top, or hit the channel (or Kijun) and head back to the bottom.
by jonjaytx
EURUSD Update 03/04/19- Daily Price has shown a strong rejection off of the overall trend. As an added bonus, there was a break of the counter trend. - 4H Price has broken Kijun and entered the cloud; Chikou right along with it. There are signs that the bearish momentum is continuing: - Kumo Twist - Price and Chikou below Kijun We could see a possible buy setup closer to 1.13000. - 1H This timeframe shows multiple selling opportunities when price came close to Kijun and bounced hard. We see a level of support formed around 1.13200 and price could continue up a little higher before dropping again.
by jonjaytx
EURJPY Update 03/04/19- Daily The daily candle closed bearish today rejecting the zone drawn around 127.500. JPY pairs across the board are appearing to have some bearish momentum. Some of my partners that look at other pairs saw similar findings on other JPY pairs. This looks like a solid railroad formation (tweezer top). We could see more from this pullback. - 4H We see a nice "M" formation in the rejection zone that signaled the move to the downside. Since overall trend of the short-term market is bullish, I would be looking for signs of reversal around the highlighted areas. These are also my TP points, and we can see TP1 (38.2) and TP2 (61.8) have been hit. There is current rejection off of the 61.8, but not one significant enough to engulf the previous bearish candle. I still think we could see a little more bearish momentum. -1H This timeframe confirms my findings on the higher. There are multiple signs of continued bearish momentum: - Dark Future - Price and Chikou below Kijun - Breakout to the downside of the Kumo Although these signals are not as strong as they would be on a higher timeframe, they still give slight foreshadowing of what can occur going into the next day; or at least the next few hours.
by jonjaytx
BTCUSD Potential FractalPotential fractal playing out on BTCUSD. This aligns with my personal assessment of the approach to the A&E neckline on the 4 hour chart, as shown below: Given the long fib over-extension to 3.618, I believe we are due for a correction, but it will be choppy and slowly drawn out. I also believe that this will grant us a chance to revisit the .618 ($3,660) of the range that we have been within since December 17th. As always, exercise proper risk management and adjust to the situation as it develops. There are many critical points around the current range that may greatly impact projections for the coming periods.
BITFINEX:BTCUSD
by checkm8
AUDCAD Potential Buy 100+ PipsGood Afternoon Traders, ForexFargo checking back in. Today, our analysis is a continue of our previous post regarding AUDCAD falling down. As price approaches our Support Level of 0.94500, I see an opportunity to buy this pair as it has been in Heavy Consolidation between support and resistance weekly levels. My resistance level is set for 0.95750. I am waiting for the market to give me a clear indication around the Support Level, so I am stalking this pair like a hawk and waiting for my entry positions. I have not placed the trade at the moment, HOWEVER, when there is confirmation in my direction I will set my trade as follows. Entry @ Support Level of 0.94500 Stop Loss @ 0.94300 Take Profit @ 0.95750 This is a 5:1 RR Ratio. As always please leave any feedback, positive or negative! GOOD TRADING! -ForexFargo
Long
by BearishBull617
BTCUSD in the Bitmain Board Bomb: Bitcoin Bulls BatteredBitmain Board Bomb this is Speculation Utter not Accusation. this is Disclaimer Replete any Assertion. this is Analysis of Events as Causation. Nothing More. Bitmain was Born with Bitcoin, it thrived in the Bubble. Bitmain has Lost much Money, it conspired in some Rubble. Bitmain has Lost its very Head, it has acquired Trouble. the Board is moving People and Powers. the Board is closing Mines and Miners. the Board is losing Faith and Followers. it was to be the Apple of all Crypto. it was to be the I P O of the Decade. it was to be the King of all Kings. Jihan was the Man, the man with the Plan. Jihan met Ver, other man with other Plan. Jihan bet BCH, other coin with new Plan. Jihan lost his Job, Ver lost his Bet. now they say Bitmain has much Debt. now they say Bitmain cant pay Bills. now they say Bitmain might not IPO. the Bomb was surely Inevitable. the Bomb hit during Unstable. the Bomb will be Memorable. so some Investors pulled their Fare. so some Traders pulled their Hair. so some Brokers pulled their Tear. the News made the Impulse. the Splash made the Ripples. the Time made the Waves. we can see the 123 and 4 we can expect soon the 5 we have a Last Line of Hope. but we need a New Reason for Return. cuz we know Those Bulls cant Return. thus we wait the Return of the King. Long Live the King . . Ordered Chaos every Move is born with an Impulse, like a Pebble into water. every Pebble bears its own Ripples, guided by a Golden Ratio. every Ripple behaves like the one previous, setting the Pulse. each Line adds to Gravity. each Line must be Tested. each Line has some Aspect. 2 line conjunction is Dependable. 3 line conjunction is Respectable. 4 line conjunction is Worshipable. every Asset Class behaves this way. every Time Frame shows these ripples. every Brain Chord vibrates the same. He who Understands will be Humble. He who Embraces will observe Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Minutes? click the Links under Related.
COINBASE:BTCUSDEducation
by EuroMotif
4
NEO/BTC small reversal coming?This current retracement lines up well with the fibs (just under .705), successfully tested 4H(red) and 1H(gray) bullish orderblocks for support, and seems like it wants to make some higher lows. All somewhat good indications of a possible move upwards. Next step would be breaking the yellow pivot line and establishing support on top of it beofre attempting to break further resistances. Upon successful bullish momentum I'd expect the final target for this short term(few days/1-2 weeks) movement to reach that tiny gap that it has left unfilled around my TARGET area. Of course I may be completely wrong which should be obvious if it breaks that previous low and keeps attacking the bullish orderblocks. If you're looking to enter right now just keep proper risk management in mind and all will be well. A more conservative entry would be when it tests yellow level as support AFTER breaking it.
Long
by UnknownUnicorn3664665