Fibo
Long USDJPY, Flat C of Corrective B, WaveTP2: 114.40 (3R/R)
TP1: 113.60 (2R/R, close 50%, S/L move to B/E)
Entry: 112.20 (70pips = 1R/R)
SL: 111.50
GOLD ShortGOLD is in a strong downtrend. We can see a strong downtrend line that represents resistance. Also, now we are hitting 0,618 Fibbonaci Level. I think bearish. Next TARGET: 1170
TRENDLINE BREAKOUT ON THE 4HRFalling Wedge on the 4 hour.
Trendline has been retested on the 4 hour.
GBPJPY short positionGBPJPY short trade executed few minutes ago at 142.200. STOPS at 142.400, TARGETS at 141.550.
Lets see how this one plays out.
cheers, EnjoyForex
MA200 key resistance level-NZDJPYPrice is near ma200. If couldnt break that resistance level, probably, we will have a bearish movement.
Intraday falling- NZDJPYBreak of hourly bullish trend. Price is doing a pullback till that trend, and then, we can expect a bearish movement till first support level.
EURGBP soon to go for UPmy time projection gives me an additional clue that a change of direction at the red vertical line is in the making.
i look at the corrective structure as one that may likely prepare the way for up move.
it is likely that the already saw the first whole move down in that corrective structure (you may call it A to B wave + B to C) and now up (light blue arrow scenario)
another scenario is that we only hat the A to B and again measure the 1.272 extention of A to B down and then up.
let a flag above the correction's trendline confirm your long / buy entry.
in any case your stop should be below the lower ascending longerterm trendline to be save for this long idea in general.
target may be around 0.90
(this is not a trade call. you are responsible for what you do. dont risk more than 2% of your trading account's money for your stoploss!)
good luck!
*Intro* trading support + resistance,using fibos for entryWe want tight stops so we are going to use fibonacci to find our take profits and entry
XAUUSD Short Trade SetupXAUUSD bearish trend line from Sep 2012 was hit at 1219. Now that trend line will be hit again at 1196. Which identifies two time-frame fibonacci 38.2 levels. I consider shorting XAUUSD at 1195.8, first target 1184, second target 1171. Risk/reward 2.82.
This is not a trading advice. I do not recommend using this setup, as I published it for my paper trading education. I will not invest real money into this.
GBPJPY showing a bullish retracementHello, I see a potential retracement zone between 0.5 and 0.382 fib levels. 138.141 line can act as a strong support area as price have been bouncing on it right from the weekly chart. I will go long if price closes above 138.141 level
Combined Pattern on COPPERCombined Pattern on COPPER, we a ABCD pattern completed a 127 ext: and if price still goes up we have a beautiful confluence zone at 161ext of (a) (b) and the bat will be completed at this same zone 88.6 of XA too
Nice AUDUSD Short!This is a very nice place to go short for many reasons:
The price broke the short-term up trend.
Two Major resistances that the price was not able to break either of them. The Major daily down trend & 0.5 Fibonacci level. So the it will go at least to the next Fibo. level (as well as the previous structure high) which is around 0.7250.
The there is a possibility to go up to test 0.382 Fibo. level at around 0.7300 or even higher to retest the major down trend.
if resistence levels are strong enough, we might see a fall to 0.716
USD/HUF, H1 LongNext one USD pair with potential to form another one wave up. I will wait around FIBO 61.8 retracement to open Long position with R/R 2:1.
4 REASONS TO SELL GBPUSD!!!I am shorting GBPUSD in the 1.28-1.29 zone because of 4 technical reasons.
1. It broke out of the Brexit channel in October and now is close to testing the previous support of the channel (the red line and green arrows)
2. This zone is also an 618 retracement of the impulse move marked as "1 to 2"
3. The RSI/7 will most likely be overbought once it hits this level (now at 78)
4. And last but not least the it marks the "C" point of a potential Cypher giving it Fibonacci confluence with the 618 rtr.
I am not looking for an aggressive sell in the zone but I will watch the price action for a short opportunity.
Gold-high time to start going upafter failure to make a new low,we have a channel breakout,maybe we will have a nice uptrend now.
WTI Sell setupWTI retests resistance second time.Go short whenever you have a valid confirmation,according to your own strategy
audusd also on 4h chart ...strong support / resistance line on daily chart
0.382 fib retracement
possibility of forming triple top
unable to touch the channel
seems good to short to :
1- lower line of the channel
2- first recent support
3- second recent support
.
.
.
.
alikhademoreza.ir
