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Fibretracement

GBPUSD short term buy incomingSlightly different set up to my usual way of trading but this looks to be a nice short-term buy to get into. I normally prefer a higher timeframe trade on the 4hr and daily chart as it shows a much bigger picture of how price is doing. However, on the 1hr we can clearly see this is currently a bullish run up. We have broken a nice level of rejection and now price has pulled back allowing us to add in a fib. You can see the 50% fib lines up almost perfectly with this rejection level giving us a good indication that price should react off this level and continue it's run. If you have any questions, drop me a message.
Long
by UnknownUnicorn6441570
3
ADA/USDT 2h (Binance Futures) Descending triangle near breakoutCardano is getting ready for the next big move, I expect it will be upwards as long as 200MA is holding the trend! The chart is showing Spot pair, but we will trade it with low leverage in Futures market. Current Price= 0.10302 Buy Entry= 0.10310 - 0.10106 Take Profit= 0.10756 | 0.11299 | 0.11842 Stop Loss= 0.09664 Risk/Reward= 1:1 | 1:2 | 1:3 Expected Profit= +10.66% | +21.28% | +31.92% Possible Loss= -10.66% Fib. Retracement= 0.618 | 1 | 1.272 Margin Leverage= 2x Estimated Gain-time= 240h
Long
by TradingOn
5
AAVE/USDT 45m (Binance Fut) Descending channel breakout & retestAave could be forming a bull-flag here (continuation), I expect a last pullback down to 200MA before the next big move up. Current Price= 56.971 Buy Entry= 54.837 - 51.837 Take Profit= 58.907 | 63.242 | 66.528 Stop Loss= 47.767 Risk/Reward= 1:1 | 1:1.78 | 1:2.37 Expected Profit= +10.44% | +18.57% | +24.73% Possible Loss= -10.44% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 72h
Long
by TradingOn
2
USD/CHF - Swiss - **GREAT OPPORTUNITY THIS WEEK**USD/CHF - Most of the majors are brewing to further movement! Technical aspects: At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag. However, For further development regarding CHF Pair - An Inverse H&S appears, for this current moment of time it looks like it is creating the right shoulder but we must keep in mind the 50 EMA. For further bullish momentum and confirmation, above 50 EMA and above 0.92550 area whilst measuring the length of inverse H&S - we read the target of next resistance area which matches perfectly with a Fib retracement area + trendline down = 0.93300 area. (Keep in mind - this will be a counter trend move - risk management is key). Fundamental aspects regarding Dollar: The FX markets has been guided by rallying equities and precious metals but now the equity market lacks the bullish momentum (I've posted my analysis regarding SPX - Please go look for further information regarding equities) and weeks ago as the Fed has lowered expectations for now. For that reason I could see SHORT TERM bullish USD. Now, I don't think we will see any stimulus until near elections and key questions is - Has the Feds created a Bubble and has it lost its bullets...YET?! Fundamentals Calendar this week 21st Sept - 25th: Fed Powell will be speaking and testifying Monday to Thursday. Be careful whilst trading. Remember: Just a trade idea, not a recommendation. Have an excellent week ahead. All the best, Trade Journal
by Trade_Journal
JP225 on the break of the triangle 🦐JP225 on the daily chart has retraced till the 0.382 fib level before moving in a consolidation range. The market has bounced twice on the daily support creating a double bottom where it took the liqidity to start a new impulse to the upside. If the market will break the triangle and consequently will break the upper daily structure, at the retest of it, we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
OANDA:JP225USDLong
by InkyGrip
2
S&P500: Short the all-time high 3390 to at least 2930August 15: meeting with China. Will the trade war worsen? November 3: US elections. Before November 3, Trump expects to have the vaccine. What if the vaccine does not work? What if we are in a brand-new dotcom crisis? Investors will collect profits at 3390 from the S&P 500. It's the most safe movement they could do to mitigate their appetite of risk. So at 2930 there is the so-beloved-by-investors 0.382 level. The bat pattern I draw is not accomplishing two parameters but it may enforce its prophecy... Have a good trading in 2020. Leave a comment to hear from your thoughts.
UShort
by alexinve
BTCUSD: Daily MACD Signalling Seller Exhaustion at $8,500As can be seen by the Moving Average Convergence Divergence (MACD), bears have begun signalling exhaustion on the Daily time-frame at current prices, though not yet confirmed with a closing candle. This colorful extrapolations is based on the most recent times the MACD's histogram went below -175 while trading the bear & bull exhaustion cycles, as opposed to the bull and bear crosses with the signal line as the MACD is traditionally used for. The concern is decreasing bullish momentum of each rally (when sellers become exhausted >-175) with the lower highs on the buyer's end of the histogram, as well as other short-term bearish factors. None the less in each occurrence in the past 9 months bear exhaustion has signaled good entries for profitable trades or otherwise break-even trades at worst (such as the yellow and blue recent seller exhaustion). In the background, the 0.5 fib retracements of the $3.2K to $14K as well as $6.4K-$10.5K move line up around $8.5K at current prices. The RSI is otherwise bearish with room to move to oversold conditions, as referenced below. It's time to BTFD again. Worst Case Bear Flag Extrapolation & BTFD Scenario VPVR Part 2: Volume Point of Control Now Turned Support VPVR Part 1: Volume Profile Accumulation Zone $5,910 - $8,630 Network Hash Gives 10th Buy Signal In 9 Years Extrapolating 2014 Correction - Could $6,500 Be The Low? Two & Four Year MA's Claim It's Time To Accumulate
BITSTAMP:BTCUSDLong
by dragononcrypto
ETH can't keep this trend up! Here's why I believe that.The panel on the left shows you an ETH chart, and the one on the right shows you the RSI and volume. RISK: MEDIUM I personally don't see ETH going back up, it wouldn't make much sense for it to keep going up without at least a tiny drawback, considering that it isn't driven by anything in particular to go up, the volume seems to be not corresponding with the current, rapid upwards trend. Leave your opinion on this in the comments and I'll make sure to go through all of them.
BITFINEX:ETHUSD
by tonite
2