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Retracement

GBPUSD - Price at Top of Down-Channel - Trend ContinuationHere is the summary of the indications: Market in a longterm Down-Channel Market now in Retracement Channel Market now at the Top of the longterm Down-Channel ----------- Hi Traders! The setup of this idea is that the big Trend of this pair is a downwards. As it has deep Pullbacks, it is a Downward Channel. Now we are in a Retracement Move, which is also at the top of the longterm Down-Channel. The idea is that if the market breaks below the Channel and simultaneously the Support, the next target would be the Support @ 1.36700. Potential Entries could be selling directly the Breakout, the retest of the Breakout or even before the Breakout. If you have any questions, something to add or anther point of view, let us know in the comment! Thanks and successful Trading :-)!
Short
by swissmoneymakers
2
Unpopular but possible retrace on BTC We could see a retrace from around here at weekly H3 to L3 based on weekly camarilla pivots. this is invalidated by breaking above the H4 also worth mentioning we have both a 4hour AND daily TD9 sequential sell setup. I dont want to be the bad guy and I do think we can get a little more upside action. However with the current market overconfidence I do not think this is the best time to open new market long positions or fomo. just my two cents. could be wrong. who knows.
by Gunslinger2005
9
WHETHER 200-EMA WILL STOP THE PHIZEZ SLIDING MODE?The Pfizer Inc. Stock has been in a sliding mode since August when it hit its all-time high at $51.84 per share. However, the slide was stopped yesterday from strong support 200-period Exponential moving average and 38.2 Fibo level, which prevented the stock from drifting lower. Overall, the stock continues to trade below the downside line taken from the high of September 7th, which keeps the short-term outlook negative. However, in order to get confident on a trend continuation, the experts would like to see a dip below $41.50. A decisive break below that barrier would confirm a forthcoming lower low and may initially target the $38.15 per share hurdle, defined as a support by the 23.6 Fibo corrections. If investors are not willing to buy near that price, then the price could experience declines towards the $33.44 area, which acted as a temporary floor for the stock between October 2020 and March 2021. Looking at our short-term oscillators, we see that the RSI moved lower but ticked up from slightly above 30, while the MACD, already negative, has just fallen below its trigger line. Both indicators detect downside speed, which enhances the case for further declines in this stock. The move that could change the short-term picture to positive is the subsequent rebound from 200-EMA and 38.2 corrections and a break above $42.65. This will confirm the break above the pre-mentioned downside line and a forthcoming higher high. The bulls may get encouraged to push the action towards the high around $44.84 or the peak of September 07th, at $47.52. If they don’t stop there, we could see them aiming for the all-time high above $50.00. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NYSE:PFE
by legacyFXofficial
BTCUSD: More lows, retrace not over if healthy.Since end 10-2021 btcusd had a straight surge by almost 50% within a bullish mid term trend channel. Retracements were only minor, if any. But trading volume got lower on the way, bulls lost some power. For a healthy further upside, price should retest the last important levels to confirm the upside trend. It already went as low as 54.5k. BTC already tested the .786 fib level of the range it traded in for the last 7 days, which is placed together with the .768 retracement level of the last major correction from Apr-Jul 2021. A retest of the .236 fib level (at least) of the current mid term upward trend should be on the roadmap, too. Hence, prepare to get as low as 53.6k in the next hours and days. If supports hold, next price level to look for is around 64.4k. _____ Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes. Never put your heart and your money in the same place. You could end up with your balance getting f***** while you're doing the hard work.
KRAKEN:BTCUSD
by My2CentsOnBTC
Wait for a buying opportunity with AUDCADH4 time frame. Structure: Downtrend. After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared. Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities. The profit target is the 0.92700 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx