FiboTradeMasters

FiboTradeMasters

Hi all, Monitoring closely FESX over the past month, the chance for a high probability high r/r short opportunity has come. Don't miss it even for a small position just to try! Following the fibo levels (1.618/2.618), it has turned long at end Oct and climbed to a high level of 3467 in this week after passing the 1.618 fibo level. On the 4 hourly RSI, it is...

FiboTradeMasters Updated 

Bouncing within a wedge for the past five times, the 6th time the wedge will be touched might still be a bounce. For gold bulls, best chance to long with maximum risk/reward here. Aim to long at low 1700s, high 1690s level, with stop just below 1690 (probably 1686) for best r/r. Watch for this space as we monitor for best entry level! Good luck trading...

FiboTradeMasters Updated 

As per my previous post, having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term. After hitting a low of 1.2905, they have retraced back above 61.8% level of 1.3282. With stop loss at last high of 1.3520, Risk / Reward ranging from 4 - 5 X depending on entry level, profit target at 1.618 level of...

FiboTradeMasters Updated 

This idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive! Following the NFP last friday, XAGUSD has broken below the previous mth low and looking very bearish in the short term. Continue to lean short and target to...

FiboTradeMasters Updated 

One of the most interesting trades of the day! Gold XAUUSD remains firmly in Fibo bear market without having hit the 1.618 target yet. Testing 1st resistance level at 1490, if break will try for next resistance at 1520 which will most likely hold, barring any wild Trump-Xi antics. Thereafter trail patiently for target of 1400 to 1410 to be hit. Risk / Reward...

FiboTradeMasters Updated 

This idea was first posted on Dec 16 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as the risk reward is getting more attractive! Having cleared the 1.618 fibo level in the previous midterm bull trend, USDJPY have taken a dip and retracement above 61.8%. Targeting 1st target profit at...

FiboTradeMasters Updated 

This idea was first posted on Dec 9 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level. Following Friday's positive NFP, S&P has turned very bullish short term and looks set to break the recent highs again. The duo fibo extensions drawn have an...

FiboTradeMasters Updated 

This idea was first posted on Dec 18 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference after a further dip. Watch out for the retracement to enter short! Having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term. For traders who have...

FiboTradeMasters

In tandem with my previous swing trade trading idea in the link below, a check on the hourly divergence shows the short term reversal to bull remains very much in force. A short term long target to 1.32 levels still looks on the cards. For long positions, look to take profit around that level. Thereafter, going back to midterm swing trade, look to short this...

FiboTradeMasters

This idea was first posted on Dec 20 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as USDSGD seems to have bottomed out in the mid term. Having cleared the last bearish fibo downtrend at the 1.618 level, USDSGD is hovering at around this level. An initial rise followed by a...

FiboTradeMasters

This idea was first posted on Dec 10 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level. Due to request from user tubeSound, Shanghai Composite was analysed and seem to have turned long midterm. Having cleared the 2.618 fibo level in the previous...

FiboTradeMasters Updated 

Continue to lean long on GBPUSD, with 1.32 level as 1st profit taking after crossover Fibo 1.618 level. Monitor for possible trendturn to bear thereafter.

FiboTradeMasters Updated 

Nasdaq NQ having crossed the fibo level of 1.618, increased likelihood of trendturn to short for medium term. Look out for next retracement to 61.8% levels for short entry.

FiboTradeMasters

EURUSD fibo bas been faithfully hitting 1.618 / 2.618 levels before trend turning since 2017 (scroll backwards to see fibo charts). However this is a tricky one, with EURUSD hitting a double fibo dip prior to this trend turn to bull. It did a perfect 61.8% level retracement and looks set to continue towards 1.618 level from here. Midterm target: 1.1470 1st...

FiboTradeMasters

Having faithfully hit the fibo levels of 1.618 and 2.618 in last three waves before turning direction, EURJPY looks firmly in a bull trend midterm with level above 123.90 as the immediate 1.618 target. Current entry level with support (stop loss) at 119.50 will give a 3X risk reward. Good luck and please like this post to support more ideas in future! =)

FiboTradeMasters

Without hitting the 1.618 level, BTC is still very much remaining in bearish mode in medium term. For traders still in short from much earlier, recommend holding and trailing it to at least 6,300 level. For traders looking to turn bull, patience should be exercised till it hit 6,000 to 6,200 levels. Thereafter wait for retracement before entering for a...

FiboTradeMasters

Hello all, my virgin posting here. Will be sharing more of my fibonacci swing/position trade ideas in time to come. Do give me your pointers if any on how to improve. =) USDJPY having crossed the fibo level of 1.618, trendturn to short might be on the cards. If this decline reaches close to 108 before retracing, prepare to short at 61.8% of retracement level....