Fibonacci

Looking to enter a short position on a clear breakout of zone. Yesterdays daily candle closed with a massive 76 pip top wick, markets tried to rally and failed so we expect the market to now drop down to the next Support zone.

Despite the positive economic news for USD; overcoming the forecasts of analysts that predicted only a 0.4% increase in retail sales, although it was actually a 0.6% increase. This fundamental analysis shows that the consumer spending within the economy of the USA is above par which can also conclude to good accounting and money management throughout the country. ...

nice bullish candle testing resistance and a fib level looking to get just 1:1

We missed the short entry on the retest of the 4hr Resistance level of 0.97643. We are now waiting for the market to break the 4hr Support zone around 0.96717 before entering. Expecting the market to run down to the previous weekly support area, to break it and make a new lower low.

This is not a pair or pattern I currently trade, but after I saw the rounded cup shape I ended up playing around with the chart and set about looking for the next potential area of interest if you trade the GBPJPY. There could be an interesting zone for a selling opportunity here in the blue zone with a potential ABCD equal measured move completion, some Fib ...

As per previous update on GBPJPY. Market has retested and tried to break the 4hr Zone and failed. Shooting Star Candle testing the top of the Zone, coupled with the 0.618 Fib Line looks like a clear sell. We have our order place below the Support Zone at 142.178, expecting the marker to drop to the next 4hr zone of support at 140.826

Currently, GBP/USD is on a 'BUY' recommendation up until around 1.3010 level, then it is likely to decline after this price to levels sloping to 1.27. Support is found around the 1.2950, it has been tested 5 times over the past few days which validates the strength of this support. Resistance is found around the 1.3133 where it is been tested 3 times and validates ...

WE sold USDJPY last week with a perfect entry point and closed for 64.5 pips. The market found some support at the 4hr support zone and has rallied up. We expect a re test of the Trendline, which also falls upon the 0.68 Fib line before falling back to our TP Zone.

Ascending triangle and an arc that's moving up seem to indicate an upward breakout of BCC vs BTC. Fibonacci covers past support/resistance points nicely and will be useful indicators for support and resistance. Unstable BTC future (Segwit2x implementation?) can further lead to surge in BCC. -- Not a financial advisor, trade at your own risk. --

We are in a wedge on the daily. During the last bounce off resistance there has been a retrace and posted a bearish bar with tall wicks. The wicks showing downside pressure. TP has been set at 50% retrace of the previous swing with a 2R profit. Disclaimer Answer42 is not responsible for any losses incurred as a result of following trading signals mentioned and ...

Fridays Candle ended the week as a Spinning Top, coupled with testing the 0.236 Fibonacci Level i am expecting downside. The close of Fridays daily candle broke and closed below a strong Trend line and was also a bearish engulfing given more confidence to further downside. Breaking this down on the 4hr time frame i will be looking to enter into a sell position if ...

Expecting GBP to rise to test the Resistance level and possibly test between the 38 - 50% Fib levels. I am looking for bearish price action to find a sell entry point and if this happens i expect the price to fall back to weekly support of 1.63224.

The market found some support at the monthly support level of 109.865, we are expecting a bullish rally to test the descending Trendline which also falls between the 38 and 50 Fibonacci level. Looking to sell at 100.169 and expecting the market to sell off down to the Daily Support level of 107.367. A potential 280 Pip movement.

Using Fibonacci extension of 1.61 from the pull back after the last high. You can see that Fibonacci works well for bitcoin as I have the retracement on there to predict an accurate reversal point. The Elliot Wave theory also seems to show that there is more to come from the current impulse wave.

I would expect a pullback to 95.5, where the 50 EMA is, 61.8% Fibbs, also 23.6% Fibbs on larger time frame and 10 EMA on Weekly time frame. From there we could see leg lower to 92 or move higher to 96.5.

After a 5 wave move down, it looks like there's an opportunity to sell into wave 3. If this count is correct we should see a sharp move down. I am possibly expecting a slightly larger move up before the final move down so bear that in mind. I'm going to try to let this one run a bit so I can get a nice boost in my account. Targets at w1 = w3 and stop at .786 of w1.

- 61.8% fib retracement - 3rd bounce off ascending trendline - Lots of upward momentum see chart for R:R and SL and TP placement.

Hmm, I’ve got my contrarian hat on, as week AMZN seem to have closed with a pinball price action at 24-Jul. This could be a short-term profit taking for some bulls. However the Long term trend is Upward with Higher-High and Higher-Low’s. Resistance zone: $1030 - 1090 Support 1: $962 Support 2: $835-840 ATR: 40 2N: 80 ENTRY: 987 STOP: 1067 P1: 947 P2: 907