Selling audusd during the retracement, ride down to 50% zone
It is a maybe. Because we almost always revert to new far away daily weekly monthly pivots when opened up away from them. Algos naturally revert the price down to them as a mean. This one is a bit of a wild card because we previously visited that area this weekened on saturday. The question is whether that counts or the market nature and algos will recognize it as...
ITs getting near that time. when the week is soon to close and once again we have another steep developing weekly pivot which along with the monthly pivots have been regulary been getting struck on and around the close of the timeframe. Ths current one is coming in around 53k area. it could be brought higher or lower with new price action before weekly close. it...
very basic retrace & price action, Enjoy! 1:4 RR
Retraced exactly where planned, now riding the buy up.
Interesting looking chart for BITSTAMP:BTCUSD On the 4 hour chart the 50 & 100 day moving averages crossed up through the 200 day moving average. I guess you could call this a double golden cross. If BTC follows along what seems to be a trend that is not yet exhausted based on RSI and MACD, it could hit the .236 fib Retracement level or roughly $55,000
Respected major resistance. Respected trend line. Simply retraced and is ready to be shorted.
GU buys - I still believe that the GBP is still strong enough to break even more to the upside - let's see how price reacts to this fibo area, it would be possible that it drops a little bit more til the 1.3860's area what do you think?
Looking to enter shorts on a pullback to retest the back of the broken ascending TL in confluence to the previous S&R area and the respectable descending TL. First target zone at 1810.
Could ADA have one more drop in it to the .618 fib around .59 cents? the trend line says that this is potentially in the cards. the main trend line i drew matches up perfectly with the next and it seems to be in a cycle of every 36 hours roughly it drops the next 36 hour time frame would hit exactly .618 fib...only time will tell. Good Luck everyone
I'm expecting a weak USDollar today due to the bankholiday and a overall strong GBP. + also waiting for a possible retracement after last friday upmove. what do you think?
Because even if new weekly pivots didnt get tested over 90% of the time... the rest of the indicators do not look like they want to argue at the moment. Buy on the pivot if bullish. Stop in mid 49 regions for short swing. Camarilla pivots and CPR. magnet trade logic
Looks like BTC is in an ascending triangle at the top of an upward parallel channel. Within this pattern, BTC has broken a short-term uptrend within a larger downtrend. My analysis says this will likely go down to retrace a bit, before making a decision to go up into the upper-channel resistance zone, or to make a bigger move downwards.
GJ has broken a level and now I'm waiting for the retest of the support level to participate in the continuation trade to the upside on the H1. If not, looking for a new support level to buy the market. Already confirmed on the Daily that GJ is bullish .
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have a impulse correction and continuation pattern and we do expect the correction to the downside before the continuation to the upside or the price will continue it's impulse until the next long target . Weekly : We also have an overextended "W"...
And also the weekly pivot retracement developing on sunday close. camarilla + cpr. stop loss at daily H4 which is around 35.50
Tight stop 48500. target is coming weekly pivot developing in the 44k area. if price breaks stop loss and goes up to 50.. there will still be a similar size retracement... except from the level price closed at the next weekly pivot once sunday closes