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Ftmpositioning

ES S&P500 Fibo Positioning for Long TradeThis idea was first posted on Dec 9 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as we get closer to the tgt profit level. Following Friday's positive NFP, S&P has turned very bullish short term and looks set to break the recent highs again. The duo fibo extensions drawn have an converging fibo level of 2.618 and 1.618 around 3250-3260 levels If new record highs continued to be set, expect a target price of at least 3259.50 to be achieved before any medium term trend turn. Lean long thereafter with risk reward >1 depending on entry level, stop at 3069. Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
CME_MINI:ES1!Long
by FiboTradeMasters
GBPUSD Fibo Positioning for Short TradeThis idea was first posted on Dec 18 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference after a further dip. Watch out for the retracement to enter short! Having cleared the last bullish fibo uptrend at the 1.618 level, GBPUSD has turned very bearish in the short term. For traders who have taken my last idea for a take profit level guideline, well done for taking the profit in the pocket. Expecting support to come in around 1.28 to 1.3 levels before retracement up to 1.32 takes place. Watch for the 61.8% retracement to enter for a 4X risk reward short trade. Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Short
by FiboTradeMasters
USDSGD Fibo Positioning for Long TradeThis idea was first posted on Dec 20 but was hidden as I unknowingly violated one of TV's house rules and the idea was hidden. Reposting for everyone's reference as USDSGD seems to have bottomed out in the mid term. Having cleared the last bearish fibo downtrend at the 1.618 level, USDSGD is hovering at around this level. An initial rise followed by a retracement will confirm midterm trend turning back to bull. Watch for the 61.8% retracement to enter for a 4X risk reward short trade. For traders who have higher risk appetite, entering now before confirmation will likely give a 8-10X risk reward (putting stop at 13 Dec low of 1.3510). Happy trading and please click agree/like on this idea to support my work as well as follow my Tradingview profile to get more trade ideas update.
Long
by FiboTradeMasters