382 Fibonacci Retracement
AUDUSD buy opportunityAfter a downtrend from Dec 12th and hitting a support at 0.7170 the period of consolidation has started. Watch for a test of 38.20% Fib level.
Consolidation Stage: RANGE TRADING with choppy analysisOverbought level has been reach as suggest by the RSI.Need consolidation stage due to GAP UP done this day. The circle line near 38.2 FIBONACCI leve is a good opportunity to buy. Cutloss if 38.20 FIBO level was break. MOney inflow also depicts that smart money has been coming out.
GBPJPY Buy Bottom of Ascending TriangleBuy FX:GBPJPY
After Bullish Candle Stick Formation
Price @ Back Side of the Trend Line (BLUE)
Touched Uptrend line (Pink)
Higher Highs (Support, Blue Arrows)
Very Sharp Counter Trend Line Break
StochRSI Over Sold
Entry: After closing of the daily Candle (This Friday), Place Trade Monday Afternoon
Stop: 10 Pip Below Previous Low (153.229 appx.)
Take Profit: 1.61.830 (Major Resistance Inside the Ascending Triangle)
Risk vs Rewards : 1.20
Sell EURGBPI copied the following idea; and justify with my own strategy. PLS DO NOT FOLLOW IT BLINDLY!
Price below the upper trend line of the channel.
.382 retracement of down AB Swing
StochRSI Over sold
BEARISH TWEEZERS TOP
GBPAUD Sell Head & Shoulder, Backside of Trendline, RetracementHead and Shoulder Pattern
Price @ back side of up trend line
Price retraced from .382 fib level/ Restesting the retracement
SELL ONLY IF BEARISH CANDLE STICK FORMATION OCCURS BELOW THE TREND LINE (BLUE)
OR ANY OTHER REVERSAL AT 15M CHART
TARGET: 5 PIP BELOW 1.618 fib extension of down AB Swing
.618 retracement of UP AB Swing
Ger30 continuos its downtrend?GER30:
During the last months we see a downtrend in this index GER30 and now a possible Pull Back!!
What about Fib retracement. We can see that there is a retracement made back to the 38% and now moving down again.
Technicaly could be our next goal the 127% line as possible profit target.
What is your opinion? - Short on the trendline break?
DiNapoli analysis on bullish EURUSD for coming week!Hey Traders,
This is my take on EUR/USD and my first analysis here where I try to show some of the tools I use to trade and make Market Predictions with as much Accuracy as possible. Feel free to comment and follow me if you like what you see and want more of it :)
Ok, here we go:..
1.
We have a rejection of the Big Confluence Area I marked on the Chart (these Areas usually dont get hit when they work because of High Frequency Trading that is going on today)
2. The move started right after a bullish Grabber was formed on the MACDP line of the 4h chart, this told me that a breakout of the channel would be a high chance!!
3. The minimum Target would be COP at 1.125, this would also be Daily Overbought level and it would form the right shoulder of a H+S Pattern that could lead to further action, but more to that later.
How should we play it?
I would not jump in right at market open but look for smaller retracements on lower TFs, in fact I would and will try to enter long at a level that will most likely get cleared out before we move, something like a low where stops should be or a retest of the Downchannel.
Your stop in any case would need to go below the bullish Grabber on 4H Chart!!
Enjoy and lets make some pips :)
One warning, should this setup fail, dont expect the fib levels at 10.2 - 1.105 to hold for long, as accroding to my experience this is already bounce from that level. Today they get frontrunned a lot when they hold and when they get hit, it almost certainly means they will break and stops below get collected!!
Ok, now a happy weekend to all
Short AUD/CHFPushing downward, price has retraced suitably into a location of resistance on the chart, a static level of ~0.7080 and the 8 ema closing as a high test bar/bearish pin bar. Price has rejected both the 38.2% and 50% Fibonacci retracement levels.
entry - below low of high test bar
stop loss - above high of high test bar
target - previous support level near 127.2% Fibonacci extension
Long EUR/AUDIn a recent and new upward trend a shallow retracement into a support area consisting of a horizontal price zone and the 8 ema. This area falls around the 38.2% Fibonacci retracement region which price has rejected giving a low test bar/bullish pin bar suggesting a long position.
entry - above high of low test bar
stop loss - below low of low test bar
target - at the next resistance level/127.2% Fibonacci extension
AUS200/ASX200 long trade With a low test close testing a support area and the ascending trend line , and rejecting the 0.382 Fibonacci level as well as the 50% retracement line , this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.
An aggressive short on AUD/NZD- aggressive down trend (price trending below 8 ema)
- close as a high test bar after:
- retest of level after break (1.0800)
- retest of 8 ema
- 0.382 Fibonacci level rejection and close below
entry - below low of high test bar
stop loss - above high of high test bar
target - next support area/1.272 Fibonacci extension at ~1.0530
#AUD/USD #bullish precursorAUD/USD has formed new structure recently showing signs of a trend reversal. Whether this continues to hold longer or not is for price action to reveal. As for now, a potential bullish continuation is brewing after what seems like a shall retracement. The close of price action by end of day as a low test bar above ~0.7250, where price has found support, will further confirm potential bullish intentions in price. Other than that the reasons for going long are:
rejection of 50 ema;
a rising 50 ema;
rejection and close above 0.382 Fibonacci level; and
convergence on Stochastic and RSI indicators.
entry - above high of low test bar
stop loss - below low of low test bar
target - at or above previous high/resistance area around 0.7400
Short NGASAfter breaking below the 2.55 price area recent price action is seen to pull back into and retest it showing signs of potential downward continuation. This price level is in very close proximity to the 20 ema and the 0.382 Fibonacci level. A bearish reversal bar thrusting off of this bundled rejection region is an offering of a short entry to resume to the downward trend.
entry - below low of today's bearish bar
stop loss - above high of today's bearish bar
target - at or ideally below previous low for better reward:risk profile
Could the price of Cocoa rise?Taking a long position based on:
- bullish/reversal bar
- support at ~ 3040, a weekly level;
- 200 ema rejection
- Fibonacci cluser:
-- 0.382 Fibonacci level rejection and close above on weekly time frame
-- 50% retracement and close above (2nd swing low to recent high)
entry - above high of reversal bar
stop loss - below low of reversal bar
target - at/above previous high
