Shorting EURUSD at the .707 Fib retracement as EUR is still in a downtrend
NZDUSD is in a strong downtrend. Looking for a short in this area
Shorting EURCAD here After such a V-Formation a Retrace is very possible, might go long on a successful retest
My view on ICON #ICX #4h Icon formed a higher low and the 55-EMA is about to cross the 200-EMA, which is pretty bullish. Short term, I think we’ll have a small correction to around 3500, as the RSI is pretty high. Entry: 3550-3500 Tp1: 4000 Tp2: ~4500 Tp3: ~6000 (1.681 Fib extension)
This is pure speculation and guessing. Everything can happen in the meantime. Based on EW (Elliott Wave Theory) we could see somthing like this.
I'm aiming to place a short position between the 0.382 and 0.5 Fibonacci-retracement, as a ABC-correction often follows after the 5th elliott wave.