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50fib

GBPUSD SHORT ANALYSISIn the long run, we've been in a downtrend which means shorting opportunities is the goal. Using the Fibonacci from the previous swing high in the 1.24000 zone to swing low at 1.21563 we can see that we're having a pullback and expecting a bearish continuation at the 38.2 or 50 FIB levels which were previous supports turned resistance. Love to hear your thoughts in the comments. NB: This is not trade/Financial advice. Any position you take is of your own will and Money management is advised
Short
by King_Hyelx
Bullish on Cryptos recoveryHi, The sellout was expected and I presented a basic chart for BTC months ago based mostly on a macro view showing that. Now the same way I was bearish then, I am bullish now. I think in the year of trillion dollars per month printing, there is no reason why cryptos would keep selling here. As you can see in the Total Market Cap chart, we have not only hit the 50% retracement from the beginning of the last impulse since last year, but we are also bouncing in the 200sma. That is quite a combination IMO. I think we will trend higher from here. We will see if it does soon.
CRYPTOCAP:TOTALLong
by Allenvik
1
NZD/JPY Bulls Rejecting BearsGood day, snipers. Here in the NZD/JPY, we can see an overall uptrend so I would only be looking for longs. Next is the long term support zone on the weekly time frame, combined with the short term support zone on the hourly time frame, and also in unison with the 50 Fib Level. Descent risk : reward ratio while risking only 10 pips. If price makes a lower low, I am out with -10 pips. Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
4
WATCH THIS BEAUTIFUL BEAR TRAP UNFOLD ON PESO DURING FED WEEK!!The NFP put a lot of pressure on dollar squeezing the dollar bull back into the accumulation zone from 19.40 - 19.75. A lot of bulls still remain in this area and retail sellers coming into the trade late will get caught with there pants down because of bulls lurking to ambush them right below the .50 fib. I expect price to make a LH ( lower high) and then sneaky bears selling the rally will try and make a LL (lower low). Unfortunately it will fail. Either we get a fakeout LL , double bottom, or HL (higher low) . Essentialy we are going to retest this trendline and that my friends is where you attack!! FADE THE WEAK BEARS running for cover placing stop nearby below for a great risk reward trade to the top aiming to take partial profit at 20.00 . I intend that the FED during the week should provide momentum or give us a little retrace for more bulls to join the party on the ride up. We will monitor the trade. I think we will break the highs if not price will stall around 20.03-20.10 . Im a little unorthodox as this is my first post EVER!! Comment and let me know how I did. We will be updating as this unfolds. I don't always know what I'm doing but when I do...I'm pretty amazing! Happy Huntin' Happy Trappin' ~BooBii
Long
by rickyboobii
Normal correction after a very strong bottom formationposted my thoughts yesterday on the link I shared below weve hit our 50% fib retracement from bottom I like an entry here but its not a home run we could take right off from this level or continue sideways or further down love the .618 fib entry on eth or btc The old resistance would be the .618 fib support. resistance become support... just gotta be reactive and not try to anticipate unless your willing to hold to zero as an investment
COINBASE:ETHUSD
by Playj
4