Santander, good opportunity to enter in a long position, it´s near de anual support of 3.8, then it rise to 4.40 near and make a retracement to 4.05€ to the level 61 of Fibbonacci and after bad news so it´s a goood oportunity to enter long, maybe can have a continuation on the dowtrend but it´s in a good price for long swing.
As you can see on the above chart have a bullish Divergence on the 4-Hour chart is a very strong bully signal I will not be taking a sizeable position due to the extreme amount of volatility in the current stock market I feel this will offer a decent hedge against some of my other.
A perfect Elliott´s wave appears with the next Fibonacci retracements:
Wave 2: retrecment 50% of wave 1 that indicates a deeply-hight rate price. It means that the wave 3 will be higher than the normal.
Wave 3: More than 200% of Fibonacci´s extension, taking a wave 1 as a reference.
wave 4: retracement 60% of a wave 3, shows the features of wave 4 and...
The AUDUSD pair has been trading in the downtrend channel since forming the double top. Recent breakout to the upside of the channel has formed a possible inverse head and shoulders, meaning the pair could see upside in the near future.
entry on a retest near the 0.73 area aggressive entry 0.727
Stop - 0.716 (below right shoulder)
TP - 0.757
Correction ended back in mid August. Accumulation nearing final phase. Cup and handle pattern could play out though I do not think its very likely. I assume we will dip again and retest the next support level - which will be our entry...
We are waiting to see if price will continue to drop and retest the lower support. Looking to go long...
Correction ended, and accumulation nearing final phase. Inverse "FatBart" Head & Shoulders seen.
Some fundamental things of note:
1.)Sia dev team is going to brick all Bitmain and Innosilicon ASIC miners (~10m USD worth of hardware) with a patch.
2.)The coin will fork and a version that does not include this ASIC resistance patch will be created....
Long position on the EURUSD. Entered @ 1.16440 as my entry rules were met on the H1 with a reversal. I believe market will either give us a harmonic 1:1. or simply retest the .18000 to .18500 highs. Either way first target is before this level.
- Firstly, previous structure supports a bullish rally at this level.
- We are at the .618 of previous extension.
USDJPY currency pair is about to complete it's ascending triangle pattern.
Price is expected to drop to nearest support level before breaking out and rising to the next major resistance.
Do let me know what you guys think.
Potential long position on AUDUSD
- Perfect reversal point.
- .618 Retracement
- Extension 1.272 @ previous resistance level
- WAITING ON TRADE ENTRY. Still no valid entry for me however may be soon. Looking for valid entry in yellow zone.
Potenital Long Position.
- Price action has put in new structure higher high.
- Structure supporting trend reversal (to bullish)
- Waiting for a more clean entry into the trade. Currently in a small retracement, hopefully gives us a double bottom. which will look to enter on.
- ATR based stop. Will be trailing.
Ascending triangle, support buying up the dips, and the overall strength of NFLX lead us to believe there's more room for price appreciation, back up towards the ATH.
The last 2 buy signals were given over a month ago, but we are still in that same range. In a case like this where you know current range is a decent time to enter, but perhaps there's no signal on...