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Fibo

AUDCAD inside perfect fibo levelsAUDCAD is bouncing perfectly inside fibo levels. Fibo 61 resisted very well two weeks ago and last week fibo 50 was strong. My trading plan for this week is: - Sell stop few pips below fibo 38 - Stop loss at fibo 50 - Take profit at fibo 0 - Risk/reward is 2.86, not bad! IMPORTANT NOTE: I'm not writing price values (and rarely I do) because I suggest you to check the correct fibonacci retracement levels with your broker. ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it useful to you, please consider to offer me a coffee: Donate 1$ or BTC equivalent at my blockchain wallet 1M4evumNsLBqrovYLpqATiQTLQZXUKZGYU&amount=0.00016041. Thanks Please use comment section for any feedback.
Short
by 03.freeman
NZD/USD I told you the level below the pitchfork. I told you the pattern. I haven't touched my paintbrush mark when I told you it might make a running flat to start the week in the weekly outlook video. I did all I could do.... At this point, my stops in profit from the tip. If it comes down and takes me out (I don't think it will), I will simply enter again. Looking for 50-62% retrace. Need 4hr to daily corrective structure to get in at this point. It will correct eventually. I like NU better than EU or the others because of the wave pattern it made and considering the other NZD pairs...
Long
by thillygoosth
GBP/AUDThis is what is making me not so overly hot about the Eur/Aud sell, at least in any long term. GA looks like it needs to pull up. Best thing to do is wait and get in on a 1hr flag, but it looks like it will at least be creating more of this smaller corrective structure with the possibility of going up much more pattern wise. It can extend down more in this channel, but I see it very likely to go up and at least tag that high at 1.78. Just keep in mind that how choppy this pair is. But this the type of price action (even from the top) where run it back up. Notice the smaller WXY pattern, and the larger one. Eur/Aud is at a key spot where it can pull down some, I will post an update on that in a sec. Keep in mind they are in correction but are at a point that they can breakout and make a move.
Long
by thillygoosth
USOIL Corrected 38.2% On Higher TFsUSOIL just saw the anticipated correction to 38.2 FIB level of its impulse leg. The previous setup leg fading trade is closed and building long positions from here seems reasonable. However, theres a possibility that it'll see another round of selling that can potentially take it down to the 61.8% FIB level around 6805. Judging from previous experience with oil, corrections like this are bought pretty quickly, so monitoring V type of price action on higher TFs can provide additional information.
TVC:USOILLong
by Zoen_Trieste
GBPUSD approching convergence area & oversold on the daily.Warriors! Back for some battling! Lord Palpy took off he was tired waiting for a crypto crash so he asked me to take the throne back. I am seing a really nice opportunity here, GPBUSD is oversold and getting to 0.382 of the move that started a bit before 2017 which is surrounded by a supportive area, and not far below that there is also the 0.786 of the smaller term impulse that dates from 102017. We could bounce on 0.618, we are testing now as support a price which was previously a resistance as can be seen on the daily, but I prefer to wait for the next area which seem very solid, and an rsi even lower will allow me to go in even more confident. I'll zoom in on that area when we get there and I'll scale in as best as I consider to be, a target will be estimated after a reversal level is hit.
Long
by MrRenev