EURAUD had a 120 pips spike on H1 CS, so usually when this kind of phenomenon happens, there'll be a relatively strong pull back either partial of CS or an entire pull back to the resistance where it broke through to test as a new support. However, I'll be looking for a buy opportunity in the box, if it bounces at that area for a double bottom on H1 chart. Not...
Follow Williams %R rules to enter original long a Price mostly above 50 ema creates a bullish bias b %R below -90 level for oversold market c %R crosses above -50 level for entry Williams %R Continuation Re-Entry Rules a Price stays above 50 ema b Pullback retracement makes %R to fall below -50 level c Re-Enter when %R crosses above -50 level Find appropriate...
The pair is trending in a down trend in daily timeframe. I'm looking for a retracement around blue box area where my profit collection is around 1.29485. bit above 0.5 fib retracement ponit to be safe, where as previous retracement touched 6.18 fib point. My Stoploss will be around 1.26238
Hello everyone! I hope you're well. Before we start, I want to make a quick intro again, I've changed my username to CyberStocks. I'm trying to take my tradingview account more seriously because I plan on building a brand and online business in the near future. I would like to inform my viewers before starting and cause unnecessary confusion. Alright now that's...
Merry Christmas Traders! We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin. Chart describes constituent components of Primary Wave One, including a...
AFTER DRAWING A FIBONACCI RETRACEMENT I FOUND THAT USD/JPY HIT THE 0.618 RETRACEMENT LEVEL WHERE USD/JPY FOUND RESISTANCE AND CONTINUED IN A DOWNWARD DIRECTION. ADTER WAITING FOR A CONFIRMATION CANDLE USD/JPY CONTINUED IN A DOWNWARD DIRECTION.
As I have pointed out before, BTC likes to bounce at the .886-1.13 and the .618 retracement. Every retraced run has resulted in 100% accuracy of the predicted move within roughly 100pts of the retracement mark. The retracement for 2 runs ago gave a nice bottom pattern within 100pts, and now this leg up has come within 100pts of the .618. The strategy is to...
Popular momo runner setting a hammer-ish candle at the .707 retracement of its lifespan and also setting at the 20sma. Worth a watch for you low risk trade atm assuming no overnight gaps.
We touched heavy fib resistance 3 days ago and have received 2 red days since. Retracements plus projections. I am projecting that this is a heavy resistance level. If we can rally through this zone I expect to see prints near the 1.618 retracement level of the first major pullback. At these levels I am remaining delta #neutral.
EURCAD 61.80% Fibonacci Retracement, Sell
Support in blue. Heading right for it, like a magnet. I expect it to continue the upwards trend after hanging out around the key support for a bit. What do YOU think?
AUDCAD Trendline Retracement - Fibonacci 61.80% Buy
This is my vision of a bears dream in the current situation we are in. And yes I know its steel like metal, but I figure if you get your orders filled in that zone with me you are really stealing money from the bulls. Have fun. Good luck.
long term bullish, it should retrace back to 0.7 so that's a better price to place a trade.
I decided to do some in-depth analysis on Bitcoin BITFINEX:BTCUSD (4H chart) and plot some possible future scenarios. First, we can see that price is currently moving up in an ascending parallel channel . Until this channel is still intact, the most likely move is up towards the upper boundary of the channel (21k - 23k). We could see a retest of 18k before...
Market on the 1 day timeframe looks very promising for a resurgence of the pound to go trending up as well due to bank of England raising the interest rate from 0.25% to 0.50% which was done to meet inflation rates. Higher interest rate means higher exchange rate cause people are willing to exchange their currency to GBP to add on interest. This also fits with...