EJ (EUR/JPY) at 0.5 fib levels daily waiting for the Breakout b.
EJ EJ (EUR/JPY) at 0.5 fib levels daily waiting for the Breakout b.o. at it's current price to make the higher high,economic calendar releases can affect this currency as news too.
Indicators and Oscillators are signalling that i's on ob levels or over bought levels in my DeMarker, Macz-Vwap and Rsi-Ema, it's above my sma & ema levels, including my atr's stops and bb-emas.
V9 fractals showing patterns, tux ema scalper and psar good for signalling of the b.o breakout in it's currrenct price may pullback beyond the 0.5 fib levels in higher highs and lower lows
Fibonnacci
GBPUSD - The pair failed to break out the downtrend lineGBPUSD failed to break out the trend line which may significate that the price will at least reach the Fib 50 around 1.2965.
More over on H4 we can notice that the forming rising wedge is being broken down by the price. All these information can reasonably give us confidence that the price will continue its fall.
Trading idea:
Sell GBPUSD
E: 1.3060
SL: 1.3150
TP1: 1.2970
TP2: 1.2930
Gold is ready to rally - Short Covers & Elliott WavesInstitutional investors are getting ready to take profit and cover their shorts on gold. Price could spike.
Price is hitting a strong resistance and about to cross the 180 days MA. If break is confirmed, a safe entry is possible. Based on my wave count and aggressive method, I'm aiming for entry at the1195. I believe we could reach the 1225 resistance level before another pullback.
USD/CAD - Technical AnalysisAnalysing with Ichimoku clouds has given me the impression bearish sentiment is going to continue on this pair.
Strong sell signal from a bearish kumo twist and kumo breakout, labelled in the chart.
A TK death cross has also appeared following the kumo break out.
Recent low is at 1.28863. My fibonnaci level show price has violate the 50.0 mark and will continue to descend until 61.8.
Alligator indicator also show bearish sentiment
If Price violates 4H candle low, expect downtrend to strengthen and bearish kumo clouds to expand
Bitcoin - The Big PictureThe 5800 level has been touched repeatedly and seems to be holding up fine. I honestly don't see any reasons why it would cross down the 5000 level.
This may take a few weeks or even months of sideways action before engaging on a new uptrend, but shorting anything over the hourly here is not worth the risk as we hover around .386, a historically strong trend support.
LONG GBPUSDThis based on pure technicals. Now as we can see the price in cable is respecting the channel but based on Fibonacci series.. 61.8 fib - The golden ratio has always worked well..
Considering we may have formed the bottom today almost at the tip of the channel, this has high probability for a reversal till 1.3077.. Only catalyst for that would a be a decent beat in GDP numbers due on Friday along with some soft brexit stance coming from the UK.
$GOLD | Take the advantage of small bullish wave!Hey Everyone,
In our Previous analysis of Gold we Sold it from $1342 till $1298 rendering us with positive 400PIPS of Profit,
and now it's time to buy this asset keeping the targets small
the reason is quit simple because the Trendline still holds it strong and it could potentially meet our target
also it's the bullish phase market seems to have a Bullish roar ATM!
So, here's our preferences,
BUY at CMP
STOP LOSS - 1210
TARGET - 1340
have any doubts? than, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Ambrosus ascending AMB has formed an ascending triangle on the 4 hour timeframe. Generally, this is a bullish continuation pattern and due to multiple other indications on other time frames, it can be seen that AMB is attempting to move into an uptrend (at least across the smaller timeframes under 1D)
The stochastic RSI and the MACD both have a bull cross and they are indicating good momentum.
This is further confirmed by the kijun and tenkan resting as support.
The top of the triangle has previously been tested and the break has been rejected. Another failed break of the topside could mean the price rebounds back to the .618 fibonacci levels ~
However, a topside break here could set the price up for a fib extension to the 1.0 fib line at 5472~
DOLLAR RE-TRACE/RE-TEST.GOOD DAY TRADERS
THIS IS MY ANALYSIS ABOUT DXY .
1. Price near strong resistance.
2. Price near fibonacci 0.382.
So this what i'm thinking.
I'm going SHORT in this pair.
Entry : Around 94.00
Stop loss : Around 95.30
Take Profit : Around 92.00
PLEASE TAKE PROFIT AS LONG AS YOU WANT.
TAKE CARE EQUITY, THERE IS NO REASON TO RISK CAPITAL.
U'r very welcome to give a comment.
DISCLAIMER ON !!!!
LONG Dollar IndexPros
Elliot wave completed, expecting an ABC correction.
Pullback of 38.2/50.
Support zone
Longterm bullish.
Cons
Downtrend.
The last peak, may cause a divergence.
Strategy
Wait for a 38.2/50% correction of the last wave to enter the market.
I think the position can be closed when (A) was reached, but can manage moving the stop behind the last trough to reach (C).
Bad Day for Cryptos-May 23rd!How does this fit in the long term?I'd say, bitcoin/other alts, are technically on extreme sale right now, which is about to end the beginning of June!
(That is if bitcoin sustains a level above 7000)
MACD on 4 hr has been winding on and on since the first time Bitcoin hit 6000. At any time it could become pressurized enough to make a move either way.
Why does it have to hold above 7000?
-Psychological support, possibly a 3rd failed rally to break 12000, might mean retesting and breaking 6000, also 7200/7400 is a fib. support zone of the previous 2 major uptrends. Breaking bellow 7000, would be the bearish scenario.
What I do see next is a potential formation to wave 1(Bounce). This won't happen immediately, it would most likely happen after a couple of days of stability in which buyers will potentially wake up and see the opportunity. My assumption is that Wave 1 could go all the way up to 9000 before wave 2. This would be the bullish scenario.
As always, like, share or comment any kind of suggestion or addition to the chart!