The market is currently at a strong area of resistance which closed with a shooting start candlestick formation and has tested the area multiple times in the past 24 hours which is a good indication that the market could possibly turn around. The MACD shows along with the ADX and DI show that the bullish trend has weakened coupled with it being on a 61.8%...
Price had formed an H4 double top at a monthly resistance and dropped all the way to monthly support (now resistance) which it broke and retested and dropped again. The market then went into consolidation which it broke out of when the the Chair of Supervisory Board of the ECB (European Central Bank ), Andrea Enria, spoke. Now price is at my 32.8% fib level and...
If you take a look at EU on the smaller time frames you will notice a head and shoulders pattern that is playing out quite well. Right now the head and shoulders pattern looks to be retesting the neckline as the markets came to a close. On our higher time frames you’ll notice the daily candle has broken the low of the previous candle. On top of all that its at a...
After a huge daily candle rejection of the fresh Supply Zone, my bias on EG is bearish, I aim at price heading to the 61.8 Golden Zone or the Demand Zone. Kindly and follow. Cheers
small short to demand zone before LONG to 250+
Hello everyone! I will keep it compact as always: 1. Broken trendline 2. Wait for chart to reject the golden zone 3. Go to a smaller timframe and look for a trendline or/and resistance 4. Find a good entrypoint with a thight stop loss 5. WHEN IN PROFIT TRAILING STOP IT! I hope you like it!
will be looking for support around 133.457 Stops at 133.00
GBP/USD May fall 90 -150 pips Insight - Price is still following the downwards trend line with support now at 1.2202 and resistance at 1.2395. A double top appears to be forming at support, following the downwards trend line on the 15m timeframe, which could indicate further downside. Intraday - Short Trade: Buy Buy or Above: 1.2202 Target TP: 1.2395 &...
GBP/USD May rise 100-150 pips Insight -Price moving in a downwards trend, has broken previous support level with price now below the 23% on the fib, may hit lower support at 1.2763, then test resistance at 1.2847 and go long then reverse once price is at the golden zone. Intraday - Buy Trade: Buy Buy or Above: 1.2763 Target TP: 1.2847 & 1.2915 Pivot and...
USDCAD breaking above weekly trendline and retesting consolidation area. Main reason for trade: Fibonacci Golden Zone on the retrace, looking at bullish continuation to the upside.
Platinum broke out of the descending channel as indicated by the bullish divergence on the 4h on the MACD price got stopped at the 0.382 level , next stop upwards form here and once we pass this resistance is the first stop in the golden zone at the 0.5 Fib level as indicated on the chart .
Brief analysis based on the fib retracement zones 50.0 and 61.8 also known as the golden zone. If my analysis is correct we should have a move up within the triangle after price has tested the support level. Trade wisely.
Thought I'd take a look at the "17" hour period & after decoding, here is what I see happening with BTC over the next month prior to blast off for Wave3 Not financial advice (or political) lol
And allow the alts to pump while you (BTC) tiptoe down to where you're headed/0.618 Just to blast off to your next destination and leaving alts behind as peeps sell-off to jump on for a temp ride (or so they think) then, as ppl jump back into their alts as BTC takes a short break only to blast higher unexpectedly, smashing through top of the channel causing FOMO...
It didn't seem like the massive sell-off by the algo's at the golden zone I had anticipated but it appears the golden zone which is also the top of the channel, as well as the gann fan 8/1 from Dec 2017, could be in play as resistance to begin the correction & completing Wave D & now down to the .618 & bottom of channel 2 for Wave E (if this count is correct) Lots...
I believe that's their target
Seems feasible to me