GBPUSD (4H) Dancing with round numbers and fibonacciIm buying into the strong support showed by 0.618 fib together with 1.285 round number.
For target prognosis Im also using fib - same level, 0.618 which coincides with another round number, 1.31.
Fibo
NZDJPY DAILY/WEEKLY TRADE (SELL)The grand bearish wave FX:NZDJPY is forming on DAILY/WEEKLY time frame. Fibo fan is indicating the possible future location of point V . Being a long-term project, it'll take significant time to reach its goals, but if reached, they're definitely worth* it :-)
This idea was largely inspired by beauty and simplicity of Tradewonk's analysis:
Good luck and profitable trading!
NZDJPY shortNZDJPY
Wave 4
Short @ 82.700
Target for wave 4 is on fibo 38.2 % level @ 80.284
Wave 5
Sit, relax and wait till signal formed to start the wave 5 engine, wave 5 long target will be
84.890
Gold Buy ZoneD1 - We have a good up trend line and is already very close to it. We can look for buys as long as 1214 zone holds.
H4 - Triple cycle would end at 1220 zone which is also a magnet zone and a very strong supportive area of the D1 swing low.
1234 is the Fibonacci expansion 61.8% along with the daily trend line. Price already bounced from it, providing a good movement up. Keep in mind price is already in a good place for buys.
Summary - Until the 1234 zone holds we can look for buy opportunities already. Next zone to follow is slightly lower around 1220.
VSTM Wave completion + other concurrent price action
I'm long 500 units VSTM given the completion of the wave cycle + concurrent daily close above .38 fibo AND minor support from the initial trend reversal line established back in March.
Be careful though, fundamentals are fairly weak with this small cap company failing to produce a profit. Stop loss set tight at around 1.8. 5 year target at $15+. Short term, I expect to see $5/share, hopefully by the end of the year. Assets alone value over $2/share, so for me, it's a moderate risk.
My first day here at TradingView, cut me some slack :-D Any input would be greatly appreciated.
NIKKEI225 H4/DAILY TRADE (SELL)Hello, traders!
NIKKEI 225 formed a bearish wolfewave and made a good move below the line 2-4 being supported by medium volume.
Opened sell position, but as the price bounced from fibo fan 61.8, it may retrace to line 2-4 later. If so and supported by divergence/volume, this can become an opportunity for more shorts.
GL All!
ETHUSD 1DMy previous two plots on ETHUSD were very accurate, please check:
In my perception ETHUSD is overbought alike BTCUSD.
Price has to go down for both of these cryptocurrencies.
Please have a look at the oscillator they still have some space to go down.
Short Eur Chf looking for a short here ..
Price hit daily resistance and is forming a top pattern ...we also have a very nice fib sequence with retracment to 61% and expansion to 161 % ...
all i wanna see is a break of the support to get in short .
CADUSD 4HIn short term price of CAD will move down however, in long term will re-bounce to touch EMA.
CAD/JPY market will tell us if we short or long!!!USD/JPY
POSSIBILTY
whait for the confirmation before the short or the long
FIBO HARMONY!!
short idea on aud cadImportant price level, with double top reached. Divergence on RSI and tp lvl on Fib lvl
USDJPY part 2 - tunnel is still activeUSD moved down as I have predicted in my previous plot - see below.
Now is time to move up and touch EMA (2h plot) - this week and beginning of next one
After that we will see more downward move - since next week.
Tunnel is still active however, slightly changed as wasn't accurately drawn first time.
My previous plot on USDJPY:
X marks the spot.Target 1: intersection of 38.2 bull and 50 bear fib rays.
Target 2: intersection of the 50 bull and 50 bear fib rays.
USDCHF Retroceso, uso de Fibonacci y patron ABC, 100 pips gainAnálisis que hicimos en la clase de HouseTrade con Justin Adams, Master Trader de SwipeTrades de iMarketsLive, el Par USDCHF muestra un retroceso y es probable que llegue al punto clave del Fibonacci 61.8% y de ahi al ser un movimiento en corto de alrededor de 100 pips con un StopLoss de 30 pips cerca del punto 1.00477, por lo tanto podriamos poner la alerta con esos datos
Long Opportunity in USDCADHello Guys.. As you can see in this pair (US Dollar and Canadian Dollar- USDCAD) is bounce from the Below TL and trying to break the 61% Fibo Level.
There is a good Opportunity I see to long this pair IF ir breaks the 61% level and closes above the 61% level to theTarget next fibo level 78%.
#TRADEATYOUROWNRISK
#SAFETRADING
USDJPY//BUY NOW the 78.6% FIB RETRACEMENTThe pullback to the FIB 0.786 Retracement looks a good oportunity to go LONG! .. you can make the SL shorter, depends on how is your trading plan, and backtesting.
AUDNZD SHORT term 0.382 rejection&Resist Rejection expectedAUDNZD SHORT term 0.382 rejection&Resist Rejection expected.
Perfect risk reward trade !
