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Fibonacci

"GBP/USD: Expert Buy/Sell Strategies"FX:GBPUSD Chart Analysis: GBP/USD 1-Hour Timeframe Current Market Structure Price Level: The price is currently trading around 1.27749. Resistance Zone: Around 1.27800 (marked as RB). Support Zone: Around 1.27435 (marked as BB). Market Volatility: Multiple Break of Structure (BOS) and Change of Character (CHoCH) points indicate a volatile market with frequent shifts in sentiment. Buy Strategy Confirmation: Wait for the price to break above the resistance band (RB) at 1.27800 with a strong bullish candle. Entry: Enter a buy position once the price closes above 1.27800. Stop Loss: Place a stop loss below the recent swing low or below the support band (BB) at 1.27435. Take Profit: Target the next significant resistance level or use Fibonacci extensions for potential targets. Sell Strategy Confirmation: Wait for the price to break below the support band (BB) at 1.27435 with a strong bearish candle. Entry: Enter a sell position once the price closes below 1.27435. Stop Loss: Place a stop loss above the recent swing high or above the resistance band (RB) at 1.27800. Take Profit: Target the next significant support level or use Fibonacci retracement levels for potential targets. Additional Confirmations RSI: Look for RSI to be above 70 (overbought) for sell signals and below 30 (oversold) for buy signals. MACD: Look for MACD line crossing above the signal line for buy signals and below the signal line for sell signals. Volume: Ensure there is significant volume supporting the breakout or breakdown to confirm the move. This should provide you with a structured approach to trading the GBP/USD pair based on the current chart setup and technical indicators. If you have more specific questions or need further clarification, feel free to ask! FX:GBPUSD
by Alexgoldhunter
EUR/USD: Profitable Trading TacticsFX:EURUSD Key Observations: Current Price: 1.06413 USD Significant Levels: Order Block (OB): 1.06413 USD Resistance: 1.05529628 USD Support: 1.06413 USD Technical Indicators: Volume Profile: High trading activity around 1.06413 USD Relative Strength Index (RSI): Currently around 46.95, suggesting neutral conditions MACD (Moving Average Convergence Divergence): Shows a bearish momentum with the MACD line crossing below the signal line Fibonacci Retracement Levels: 0.618: 1.05413264 USD 0.705: 1.05473090 USD 0.786: 1.05529628 USD Buy Strategy: Entry Point: Consider entering a buy position if the price retraces to the support level around 1.06413 USD or the lower Fibonacci levels (0.618 or 0.786). Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level. Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover. Target: Set the target around the resistance level at 1.05529628 USD or higher Fibonacci levels. Stop Loss: Place a stop loss below the support level or the recent swing low. Sell Strategy: Entry Point: Consider entering a sell position if the price reaches the resistance level around 1.05529628 USD and shows signs of reversal. Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level. Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover. Target: Set the target around the support level at 1.06413 USD or lower Fibonacci levels. Stop Loss: Place a stop loss above the resistance level or the recent swing high. By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
by Alexgoldhunter
Gold Spot Analysis: Key Entries & ExitsFXOPEN:XAUUSD Gold Spot Analysis: Key Entries & Exits Key Observations: Current Price: 2,694.57 USD Significant Levels: Order Block (OB): Around 2,642.27 USD Resistance: Around 2,694.57 USD (Equal Highs) Support: Around 2,642.27 USD Technical Indicators: Volume Profile: High trading activity around 2,642.27 USD Relative Strength Index (RSI): Currently at 73.58, indicating overbought conditions MACD (Moving Average Convergence Divergence): Bullish momentum with the MACD line above the signal line Fibonacci Retracement Levels: 0.382: 2,682.41504 USD 0.5: 2,678.37 USD 0.618: 2,674.3246 USD 0.786: 2,671.34246 USD Buy Strategy: Entry Point: Consider entering a buy position if the price retraces to the support level around 2,642.27 USD or the lower Fibonacci levels (0.618 or 0.786). Confirmation: Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level. Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover. Target: Set the target around the resistance level at 2,694.57 USD or higher Fibonacci levels. Stop Loss: Place a stop loss below the support level or the recent swing low. Sell Strategy: Entry Point: Consider entering a sell position if the price reaches the resistance level around 2,694.57 USD and shows signs of reversal. Confirmation: Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level. Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover. Target: Set the target around the support level at 2,642.27 USD or lower Fibonacci levels. Stop Loss: Place a stop loss above the resistance level or the recent swing high. By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
TVC:GOLD
by Alexgoldhunter
#XRP/USDT 12h / Elliott-Fibonacci-Financial ChannelAccording to Elliott Wave theory, the price rose during the impulsive first wave and corrected in the second wave as an ABC zigzag to the 0.382 Fibonacci level. This aligns with Elliott's rules, suggesting that the correction of the fourth wave will likely be at 0.5 - 0.618. Based on the impulse of the first wave, the target for the third wave is 4.25, followed by a correction within the fourth wave. Using Fibonacci projections by shifting the grid from the start of the first wave impulse to the end of the second wave, the target for the third wave aligns with Fibonacci 1.618 (5.82). Without shifting the Fibonacci grid, the target for the third wave at Fibonacci 1.618 is 4.40. To confirm this scenario, the price must break above the peak of the descending financial channel. Successful trades!
Long
by WoWAcEDuDe
LTC gets a strong reboundHello everyone, I invite you to review the LTC pair to USDT chart, looking at the one-day interval. As we can see, the price moved dynamically from the downward trend line, but here we can also see a sharp return near the trend, as well as a drop to a very strong support zone from $107 to $96, if the zone does not maintain the price, we will be able to observe an equally rapid decline to support at $83. Here it is worth looking at the place where the price made a quick change in direction, as you can see, we bounced off the strong resistance zone from $142 to $152, only the exit from this zone can give positive energy for an upward movement towards the second resistance zone from $200 up to $214. It is worth looking at the RSI indicator, which shows how the downward movement resulted in a rebound close to the support line, which leaves room for a new future price increase.
by cryptodailyuk
#BTC - Ready to pivot and head to 108k In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC What's next for BINANCE:BTCUSDT ? 1. After the reaction swing high to 102k price now retraced into the 0.618 zone 2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend 3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k 4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k What are your thoughts?
Long
by tamastery
5
SPOT pullback to $408MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price at 4.618 Fibonacci level In at $457.50 Target is $408 or channel bottom No stop loss.
NYSE:SPOTShort
by chancethepug
6
LYV spikes to $140, then pulls back to $120MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. So... Here's why I'm picking this symbol to do the thing. Price above channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM is spiked positive Price near 4.618 Fibonacci level Calling top around $140 Downside target is $120 or channel bottom manual stop loss
NYSE:LYVShort
by chancethepug
GOLD → Breaking through channel resistance. Growth attemptGOLD is coming out of the channel. Bulls are trying to take the situation into their own hands and keep the defense above 2665. The metal has a chance for local return and growth to 2690 - 2720. Growing geopolitical tension in the Middle East (Syrian government collapse) compensates local growth of the dollar, which is generally favorable for the metal. But, risks of dollar growth remain on the background of inflation growth in the U.S., which in general can strengthen the hawkish position of the Fed policy makers on the interest rate. At the moment all attention is focused on CPI / PPI. Profit-taking is possible due to high risks. Gold is coming out of the local channel, but is still trapped inside the global channel. Price may test the zone of interest before important economic data. Support levels: 2660, 2655, 2636 Resistance levels: 2673, 2688, 2721 The breakout took place and the metal is trying to go up. The target is 2688. But we should be careful, because geopolitical tensions, upcoming economic data may cause corrections and profit taking Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
POV: MAHASEAMLES - DROP - BASE - RALLYPOV: MAHASEAMLES - DROP - BASE - RALLY Chart Reading: Background: On December 3rd, I entered this stock at a swing high breakout after observing the following parameters: 1. A Double Bottom pattern (A1 - A2) formed at the Fibonacci 0.618 level. 2. This was followed by a Double Top pattern (B1 - B2). 3. Momentum and trend aligned perfectly, indicating synchronization. This entry provided the expected move with unexpected speed, reaching Target 1. Today, I observed another significant pattern currently forming: DROP - BASE - RALLY. If the upcoming session gives a pullback before crossing the gap zone, it would present a strong setup to aim for the pattern target and Target 2. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:MAHSEAMLESLong
by kzatakia
Curve DAO CRV price analysis🤑 Did it really happen?) CRYPTOCAP:CRV price has finally “really” come out of the 3-year down trend. A confident breakout, on high volumes, "just like a book says". 💰 Now OKX:CRVUSDT price has hit the mirror level, so we can assume that the correction may be delayed to gain strength to break higher. A correction in the range of $0.43-0.67 fits into the canons of wave analysis and will not break the structure and growth trend. And the global 5th wave of growth #Curve DAO token can be expected at least to $4.10-5.50 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade