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Retracement

Sell the news ? banksters overbought BTC before CME, what now ? comments under the first chart : BTCUSD As stated on "some grey eminences making too much money" I d just say "some banksters got in BTC, and they overbought, too much. now they will give the option to their customers. www.coindesk.com Banksters are well know to bet against their customers . . . the next few days could bring surprises. My personal chart ( uk.tradingview.com ) , with personal god mode settings, is shouting "WARNING" : I m not telling anyone to short bitcoin, shorting bitcoin is dangerous . . . but . . . perhaps you want to reduce your exposure, have some fiat and serious altcoins ( ZEC is a good bet imo ) ready to rebuy BTC lower ( targets : 16k, 12k , 8500 here )
B
by neofutur
68
A lull before the potential stormThe price has finally hit the bottom, temporary as it may seem it's cause the area where the horizontal green and faded pink is where the price has hit twice before making it a solid area to bounce. However the overall trend is down especially after the symmetrical triangle got pierced and crabbed until the recent fall. Now the triangle is a descending triangle and could have a few bounces before breaking down perhaps. Temporary bounce may be in the works to halfway or if it's a strong move, to the orange line then potential retrace back to local lows. Gl and DYOR this is never financial advice, but rather, a analysis.
COINBASE:BTCUSD
by Siriuszbusiness
GBPJPY BUYHello traders. GBPJPY has performed a quite bullish price action. But the market makers' game is usually trapping the retailers on Mondays and reverse the trend later during week. So, I am sceptical. The pair definitely needs corrections and that is not only an opinion of mine. It is overbought so many big players will close their profits pretty soon. However, it remains bullish in technical analysis and GBP is bouncing from the lows while JPY keeps loosing value. Drawing Fib levels from the Swing Low to Swing High, based of the last 4H impulse move, I consider the below Fib retracement area as a great long opportunity. 163.585 - 166.057 Note: it is at a weekly Supply level but I see the potential to break it and aim for Multiyear highs. good luck
Long
by The_Forex_Path
XAUUSD potential retracement and entrydownbeat US CPI data about inflation led a market rally which bulls are looking for clues to extend. There was a classic textbook double bottom after which the downtrend reversed into said rally. I myself caught a buy from 1712 to 1731 which was nice. I expect a retracement to 0.786 and probably price consolidation for the next day between 1 and 0.786. When the new York session opens on the 12th of November a bullish movement maybe present. Sorry for the lack of detail today, have been busy with uni A more detailed idea will be published shortly, TRADE WITH CAUTION GOOD DAY
FX:XAUUSD
by haadimilli
1
AUDUSD Sell IdeaHere are my thoughts on an AUDUSD sell trade idea. As we can see, market structure is headed down and price is in expansion from the consolidation. I think that it will take out the liquidity and hit supply sometimes around New York session that continue down with higher timeframe structure. If you are familiar with the price cycle, the zone gave us consolidation and expansion and now we wait for the retracement to supply where we will wait for a change of character the another zone on the smaller timeframe to trade from.
Short
by BlackDiamondFX
2
GBPUSD have bottomed?Has GBPUSD bottomed? Price action suggest that it has. Since GBPUSD dropped to $1.036, higher lows pattern have formed WITH contracting pattern (tightening). From that pattern I drew a trendline. Price broke the key moving averages confluenced with the trendline break. Currently price is retracing back to its mean 50/100/200 after testing several times the $1.163 level. Actionable plan : wait for the price to test the key moving averages (keep it simple) and identify a rejection at those level and then Long. *Rejection could be anything. but preferably confluenced with pocket pivot (blue bar or green bar at volume indicator)
Long
by sufiansaid
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
XAUUSD Fibo retracament 38,2; 23,6; 0,523,6% we have the main resistance 38,2% we had the last support that already is the new resistance, and the 50% the support, with some shadows candles testing it. If 0,5 is crossed this have a big probability of being the next resistance. We believe two options of testing the support and resitance, however the 0,382 seems to be a strong resistance, tested several times, moretheless the 0,5 zone will be tested again Also if you look at 1H tf you'll see the EMA had also crossed the bb middle line, resulting in a short position for Gold
OANDA:XAUUSDShort
by AFCapital21