I see a sell to fill the gap below, the DAX has seen all time-highs going into this week and although it has the potential to continue up to 15500 at some point I believe a retracement is its next major move.
Two scenarios for GJ:
1: Price to come down to first level of support on 1h then to push up higher.
2: Price to come down to 4h level of support matching up with 61.8% Fib level then to push up to create a new higher high.
Please use risk management.
Thanks, any comments are helpful.
After an amazingly bullish week in USDJPY we could look see a retracement back down to the dynamic support level before another rise.
Using my adopted shadow trendline technique I was able to identify the different bounce points in the bullish channel.
I would not take this trade purely because it is a short in a bullish market however, advanced traders should...
We can see price broke out of an ascending structure following CHF weakness across the board. Price is now retesting the top of this ascending structure.
Where will price head next? Two potential price paths for you follow.
Have a great trading day and weekend!
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looking for a retracement of around $30000 to $20000 will update from there
(a retracement to 0.382 ($30000) for a tp 1 of $42000)
(a retracement to 0.5 ($25000) for a tp 1 of $38000)
(a retracement to 0.618 ($21800) for a tp 1 of $34000)
BTC has broken down from the widening channel we have been moving up in since the 4th of January. We need to hold $37600 (local support/supertrend) - $36200 (Macro Fib 2. extension) or we could see a move down to the landing zone around $34000 where we have major support from what has been the top side trend line resistance for the majority of this run. We also...
We're looking to get into short positions on WTI and US30 (down jones), our system indicates that we could see price action move lower once the levels listed (fibonacci retracement) are reached.
Trades can fail, and many times they do, so trade at your own risk, but if we could give you a tip it would be this:
Start using structured position sizing, the way we...
Will be interesting to see if the bullish move in GBP/USD continues. Obvious last pullback to 0.618 retracement. If we can break above structure to form new highs then a target of 1.272 extension looks reasonable with a 1:1 move from previous as well.