After the XRP rally to around 75c it is now time to return back to 20c and retest a counter trendline that was broken upon the upside movement and a weekly ascending trendline, which crosses over perfectly at the price range we are anticipating. In addition, you have a 20c support floor that adds to our confluences.
Simple monthly Fibonacci from this months high to the lows in 2017. Extensions are looking real good; $0.05 may be a reality! Final brutal shakeout... ?? Get rid of loads of retail traders and weak hands!?
Don't think that it can't go this low. The market does the unthinkable.
EURUSD is now looking to retest the well maintained Support floor from 2017 and will hopefully bounce from there, further aiding this bias we have a 78.6% Fibonacci Retracement that sits beautifully on the Support. Additionally, there is a Counter Trendline that (looks better on the weekly) needs to be retested and once again perfectly aligns with the other two...
XAUUSD would be a perfect Long from the 1590 region where my strong level of Support is located alongside the 78.6% Fibonacci Retracement. At the plotted Ascending Trendline i'm looking for wickfishing to occur upon reaching it, whereby price wickfishes to our Buy zone and then closes above this Trendline to capture this crazy big swing trade. I have such a high...
EURNZD is keenly approaching my Entry zone that lays at the 50% Fibonacci aligned with my key zone and the well respected Trendline. Upon the retest of these Technicals i'm going to go short. Tomorrow there is an interest rate decision coming from the ECB (European Central Bank) at 12.45 GMT, meaning you may want to be careful entering and maybe await a higher...
In this trade setup we have some Fib-Ception going on where one is the Daily and the other is the 4 Hourly. Amazingly, they both align beautifully at the 61.8% and 50% on the prior level of Support and Resistance that would be acting as Support. This looks like a great trade!
I am looking to go Long on US30 as the Entry point i have provided contains 4 amazingly strong confluences. The Fibonacci Retracement to the 78.6% level matches with previous Resistance and Support now acting as Support upon the test; Counter Trendline is also positioned perfectly to the Entry. Finally, if we are looking to carry on the previous Higher Low then...
As you can see BTC is getting ever closer to tapping the 78.6% Fibonacci Retracement that perfectly aligns with the Counter Trendline retest too. Further confluences such as the level of 4 hourly Support that is located just beneath our Entry zone also validate this setup.
I have already entered this position upon the test of the 50% Fibonacci and strong Support. I am already in Profit and its running smoothly; some Profits will be taken at that major Daily Support now acting as Resistance then at the next 4 Hourly Resistance. I am expecting the Daily Candle to close back above my Trendline to fully confirm the upside bias.
I am already Short on USDCAD, whereby my Entry is at 1.3927 and my Stop Loss in in Profit; I have been in this position for 2 weeks now. Because the Price Action has been incredibly slow and choppy for a long period it's eventually started to move, i then identified an additional Entry Point on a Counter Trendline retest (Descending Trendline) that perfectly...
XRP has already rejected the 61.8% Fibonacci and retraced higher; in order to gain the most optimal and higher risk to reward setup, i am looking to enter upon 3 confluences that have been shown in my chart. The Trendline Retest, 78.6% Fibonacci Retracement and prior Daily Resistance that would be acting as Support.
I am late posting this, sorry about that. However, GBPUSD is in a great region for shorts as the daily resistance has been rejected alongside the 61.8% Fibonacci. In addition we have seen a candle closure below/on this level by the 1 hourly and 4 hourly candles; another confluence.
