Tools used: Fibonacci retracement/speed fan/channel RSI: val. 14 on the left, 28 on the right It's a rather shallow cup but interesting to watch how it plays out anyways. Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh formation if we hit more than 50% retracement on the cup. Exit:...
Faster EMAs are about the cross over the 55EMA. RSI and MACD looking bearish yet still holding within trend lines indicating consolidation. Passed through the Fibonacci retracements and speed fan lines like a breeze.
Steady growth for NEO over past 2 weeks. Yesterday was first it fell out of line and snapped back pretty rapidly. No moon in forseable future, but consistent gains against BTC. *looking to get into chat. Please agree to help with reputation. I'm awesome-ish.
nzdcad --------- Potential Harmonic --------- Not Investment Advice. ---------
Target 1: intersection of 38.2 bull and 50 bear fib rays. Target 2: intersection of the 50 bull and 50 bear fib rays.
This pair has just reach an important support and the daily made a nice hammer together with the Bollinger band kiss. Thanks for your comments and good luck.
DOVISH statement by BOJ and ECB, Cause the asset price jump up. While, the carry trade could possibly continue, the AUD could jump back to upppter trend with the asset price, BOJ as I said few days ago, they can't let the JPY to appreciate further. This will hurt the export company and bring down the headline inflation. With the fibonacci fan speed resistant...
CADJPY has entered the PRZ of a series of bullish harmonic patterns in an area of strong support. The PRZ, which is formed by the combined reversal zones of a bullish bat and crab, may also be tested near the .5 Fibonacci speed fan line for an added level of time-based support. On a larger TF, a bullish AB=CD pattern is complete in the center of the PRZ. There...
EURUSD may potentially complete a pair of bullish harmonic patterns within a very tight PRZ. The PRZ is confluent with a horizontal support/resistance zone and depending on timing may find added support from the .5 fib fan taken from structure low to structure high. SL is placed beyond 1.272XA with targets at .382CD and .618CD retracements of the bullish...