looking for Retracement from reaction and reversal in lower time frame 61.8 retracement from valid swing the lowest RSI
Price action moved over 250pips move in our direction to hit profit target since my last publication on this pair (see link below for reference purposes). With a simple technical structure on the weekly chart; It seems that the New Zealand dollar’s mini-rally appear to have come to a halt, as NZD/USD pair posted slight losses during the course of last week's...
Hey Traders, As you can see on the daily chart of Binance Coin (BNB). There is a very important visible descending resistance line, if we break this the breakout could be the orange level but in the rare case the green level. Once this resistance line is broken the trend will have been reversed! Safe trading, -Pulkanator
Hey Traders, As you can see on the daily candles of Chainlink ($LINK), the price action has formed lower highs and lower lows symptom of a falling wedge pattern. The Fibonacci retracement level (.618) also has the same price level as the falling wedge breakout. The price target out of this pattern is $22 (+58%). Meanwhile, the Momentum Oscillator (RSI) is forming...
EURUSD on the daily chart turned with a double top at the 0.618 Fibonacci level. The price after the first attempt to break below retests the daily resistance area and now is moving again to the 1.10 zone. How can we approach this scenario? We will wait for a break of the daily support and in that case, we will move to the 4h chart. If the condition will be...
SP500 on the 3d chart creates a possible Head and shoulder pattern at the top of a long bullish trend. After the left shoulder, the market forms the head with a double top over the monthly trendline at the 4800 melt to the support. The price then reacted at the support area and tested twice the resistance area at the 4590 level creating the right...
Since my last publication on this pair, the price moved over 350pips in our direction before the retracement began ( see link below for reference purposes). And I expect the retracement to culminate at a level between 50 and 78.6% before the rally continues hence my previous bias still holds (see link below for reference purposes). Tendency: Uptrend...
OANDA:GBPUSD Price broke structure with a bullish engulfing in the 4H Retraced at 61.8% making a new Higher Low The 8MA crossed over the 21 EMA indicating that the are more buyers than sellers
Hey Traders,' As you can see on the 1D chart of LTHM, we have experienced lower lows and higher lows, symptoms of a falling wedge. The target out of this falling wedge would be $30-31. However, I would keep a close eye on the golden pocket level and potentially start taking profits at $28. The weekly MACD is also showing signs of reversal to the green area. We...
Hey Traders! As you can see on the Daily Chart of Bitcoin (BTC). The correction wave we are experiencing is most likely an Elliot wave pattern. If we keep following this, I expect a retracement up to 0.618-0.65 Fibonacci Golden Pocket. After that, who knows where we go. But in the meantime, it is safe to say Bitcoin may have flipped the trend... Safe trading -Pulkanator
HELLO AGAIN TRADERS, As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took...
Hey Traders, As you can see on the Daily Chart of AMC. A Technical Indicated a BUY. Historically these Indicators work very well among stocks, crypto, and forex. Even in the past of AMC stock, the BUY signals were great for this. However there is a chance I am wrong and this keeps going down, maybe take this to start DCAing. AMC's target for the recovery is $50...
OANDA:AUDUSD AUDUSD is in an overall 1H uptrend with price retracing at 61.8%, creating a new higher low. Long Wicks indicates that sellers are losing their bearish momentum. On the 15 min chart price created a double bottom pattern.
Trade ideas for USDCAD Price now found support at MA-200. This is also near 61.8 fibonacci retracement of recent upwards movement. I think we will see further upside on this pair as all pairs are weakening against USD. Only CAD lagging behind it. Buy USDCAD 1.2520 Stop loss 1.2450 Take profit 1.3000 (6.8R) Use only 1-2% risk Good luck Disclaimer ON
This one to me looks great on multiple timeframes with technical's and price indicating evidence of bottoming with another move higher. Short term conditions - Long term conditions - My stop is 1 ATR below the .618 level and target is 2.20which represents a very good risk to reward ratio of 1:5 at current levels.
GOLD on the 4h chart after our previous analysis reached as expected the daily support at the 0.618 Fibonacci retracement. The price is now testing a confluence zone and according to Plancton's strategy If the market will break above and satisfy the Academy conditions, we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure ->...
$SQ might have found its bottom need to confirm support in this area bears still in full control looking for support at the 200ma which is also the .618 fib level if we lose 200ma next level of support is way down below $100 where the volume profile shows strong support in the $87 area I expect $SQ (BLOCK) to start consolidating near the 200ma remember stocks...