after price has tested supply zone twice or thrice—and buyers have flooded the market—selling pressure could cause a pullback to blow past the 61.8% retracement to the demand zone.
Idea is based on a combination of Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck
This idea is based on an experimental approach I have been working on using Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are going to copy this setup please do so at your own risk. Good Luck
EURUSD at bottom of consolidation phase. Price just made made a 382 retracement followed by a 127 extension the lines up perfectly with a big historical support line. 6 long wicks trying to press through that support line with no closes below. I'm going to be looking for another 382 retracement.
The NZD has been relatively weak and the JPY - almost as strong as the USD. Thus the bull trend line was broken two weeks ago, after a failure to make a new high. Since then it's been following a down fork. At first we saw price dancing above the median line, but most recently there have been more frequent excursions beneath it. So I think it's quite probable that...
the first wave formed. next, the second wave formed with a 50% retracement to signal a buy. then, during the first hour of the New York session, a third wave could be seen to be forming.
Starting from 2013, price has risen sharply, from $19.00 to as high as $32.00. However from August 2013 to June 2014, price has been consolidating between $26.00 - $32.00, forming a potential flag pattern. On 11 June 2014, price has broken out of the $26 - $32 consolidation, confirming the flag pattern formation. This breakout went as high as 33.45, followed by...
EURCHF is in a downward trend, has just hit a new low and made a retracement. If price comes back to touch that resistance line again I'm selling for old low.
The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.
Thoughts on USDCHF. Short cause of the doubletop and trend break.
Idea is based on a combination of median line analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. No more stop losses in my idea's. They have been hunted too often lately. If you want to know those...PM me. Good luck
Idea is based on median line analysis and Fibonacci ratio's. The rationale behind this technical setup is shown on the chart along with specific target and stop loss. Good luck
Wait for a candle to break below, close below the B point. Sell on retest. T1: at bullish Butterfly completion T2: at area of confluence of minor Fibo level with old major structure
New lower low, waiting for retest of previous low. Sell at confluence with 50% fibonacci retracement of the last swing low. T1 at structure (blue dotted line) which is 1.27 fibonacci extension of the last swing low as well. T2 at 61.8% retracement of the main swing high in this chart
The Bitcoin price has continued to decline on declining, very weak volume. After the Bitcoin price failed to stay within the ascending pitchfork, and fell through the red trigger line, another downward Andrews' Pitchfork was drawn. This second pitchfork has been notable because price has failed twice to reach the upper parallel. Instead, price has fallen to the...
from the RSI and stochastic of weeks,days, and 4 hours chart. It hit the bottom at all three time frames . It will retrace again around the resistance 1.365x. From this point , we can rejoin the down trend and make profits. If you are a swing trader . You may join in for a short up trend but please do set your stop loss accordingly.
Idea is based on a combination of Elliot Wave Theory, Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart. If you are about to copy this setup please do so at your own risk. Good luck!