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USD/CAD Long from Dynamic Support 61.8% Fibo 200 Sma BUYUSD/CAD inside a Bullish channel, in the last sessions the price had a Pullback on 61.8% Fibonacci level, placed in confluence with the dynamic trendline from the channel ( working like Dynamic Support ) and the 200 Moving average. The price after the rebound on these points jumped strongly upster following the Maintrend. The stochastic is in Bullish Divergence in Oversold scenario Plus the RSI already upster. All these clues following the General situation of the market and in particular of the Dollar give us the Bias for the price to continue to rising.
Long
by FOREXN1
6
EUR/NZD:SHORT from Fibo Levels , POC Volume and Double TOP -SELLThe EUR/NZD it's for a long time in Downtrend, In the last sessions had a Pullback into the Area of 50% 61.8% Fibonacci where placed the Volume Point of Control from the previous Swing high and, this reaction may be made also by the presence of Dynamic trendline and by the 200 SMA. The scenario is a Typical Swing trading setup with a divergence on the Stochastic indicator in Overbought meanwhile the RSI is still bearish. The DIvergence on RSI is made by a local Double TOP made by the price on the chart. Our bias is for a continuation of the Downtrend.
Short
by FOREXN1
9
In retrospective… actually very easy ---> Golden Pocket @July'22There is not much to say … the fib retracement speaks for itself! it all depends on how you position it … NOTE: For the alltime fib not the 69k high value is taken for the top, but the *close* of that month => 57k Right now we are exactly inside the *golden pocket* … beautiful :) and the 2021-2022 fib fits perfectly on pretty much every monthly candle ^^ You can enlarge the top or bottom chart by clicking the separating line (in between) and drag it up or down.
INDEX:BTCUSD
by Indicator-Jones
Fibonacci Analysis - Part 1 A. Fibonacci Series 01. The Fibonacci series is a sequence of numbers starting from zero arranged so that the value of any number in the series is the sum of the previous two numbers. 02. The Fibonacci sequence is as follows: 0 , 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, … B. Properties Of The Fibonacci Series 03. The series extends to infinity. 04. Divide any number in the series by the previous number; the ratio is always approximately 1.618. For example: 610/377 = 1.618 377/233 = 1.618 233/144 = 1.618 05. The ratio of 1.618 is considered as the Golden Ratio. 06. Further into the ratio properties, one can find remarkable consistency when a number in the Fibonacci series is divided by its immediate succeeding number. For example: 89/144 = 0.618 144/233 = 0.618 377/610 = 0.618 07. Similar consistency can be found when any number in the Fibonacci series is divided by a number two places higher. For example: 13/34 = 0.382 21/55 = 0.382 34/89 = 0.382 08. Also, consistency is when a number in the Fibonacci series is divided by a number 3 places higher. For example: 13/55 = 0.236 21/89 = 0.236 34/144 = 0.236 55/233 = 0.236 C. Fibonacci Retracement 09. Fibonacci analysis can be applied when there is a noticeable up-move or down-move in prices. 10. Whenever the stock moves either upwards or downwards sharply, it usually tends to retrace back before its next move. 11. ‘The retracement level forecast’ is a technique that can identify up to which level retracement can happen. 12. Fibonacci retracements are movements in the chart that go against the trend. 13. In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction. 14. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 15. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. 16. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. 17. Unlike moving averages, Fibonacci retracement levels are static prices. They do not change. 18. Because these levels are inflection points, traders expect some type of price action, either a break or a rejection. 19. The 0.618 Fibonacci retracement that is often used by stock analysts approximates to the "golden ratio". D. How should you use the Fibonacci retracement levels? 20. Think of a situation where you wanted to buy a particular stock, but you have not been able to do so because of a sharp run-up in the stock. 21. The most prudent action to take would be to wait for a retracement in the stock in such a situation. 22. Fibonacci retracement levels such as 61.8%, 38.2%, and 23.6% act as a potential level up to which a stock can correct. YASER RAHMATI
Education
by yaser_rahmati