GBPUSD Triangle breach and retrace? 23.07.2021It seems that GBPUSD is trying to break downwards.
Technical indications show a retracement opportunity.
Retracement
GBPJPY on a retracement move 🦐GBPJPY on the 4h chart after the attempt to break below the daily support started a retracement move.
The market is now testing the 0.618 Fibonacci level and could probably move to the weekly resistance and the 0.786.
According to Plancton's strategy if the market will provide us a sign of inversion we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
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 the Plancton0618 strategy will trigger.
BTC - 5th Wave finished Part II - 3k Fractal play !Hello trader,
Good mood and profitable deals 💲
After 2 months in the 30-38k range, characterized by unnatural movements, fake outs and stop hunts. I suspect that we will enter a new market phase in the near future.
(Purely speculative: who knows exactly when and how the crypto cartell will give us tried to deceive)
IMO I see 3 options:
1.
The 3k Fractal, similarities you can see in the main chart.
In the current consolidation we should ideally not fall below 0.5 retracement, and would form an IV H&S . The goal is about 35k. But be careful, 34k is the first major resistance, if we are dump hard from there bulls in danger!
2.
If we draw an LL, I will burn the fractal and expect lower prices. The next support is in the golden zone of the complete upward movement and the CME GAP.
3.
We will stay in the range for weeks, in which case I will continue to focus on other markets.
Possible 2018 BTC.D fractal
1d MA Support and Resistance
Let's take a look at the volume
BTC Long - Short and OI
Props to some good traders that i follow ✌️
@thecryer
@coinwide
@fract
@BTCINVESTING
@VapeundTrade
I would like to mention that all I post are just options and my own opinion!
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save !!
DXY 1DWe can first see a rising wedge which will lead by an exit below. We can also stop a divergence on the RSI informing the uptrend. I bet on a breakout of the wedge to go below the 0.786 fib level as target 1 to go and retrace at 0.618 (TP2) and if we are lucky 0.5 (TP3). I placed the stop loss at a breakout of the level 1 of fib Strong Resistance.
Bitcoin Head And Shoulders And Cyclesbitcoin is forming a nice head and shoulders pattern, if neck line breaks, we might have more than 50% retracements ,
Also we might have correction through time till March 2022, and then we might have energy for setting new ATH.
Total Index Analysis
It looks like soon, the whole market will resume the uptrend after a period of price correction and consolidation.
US30 Smooth Retracement? 21.07.2021The index was performing well yesterday 20.07.2021, more than 500 dollars with stop at price/index 34,600 USD.
Potential retracement at price 34,360 USD.
>> The Fibo retracement to at least 61% of the move might be possible, considering the volatility these days.
>> The problem with indices is that the Stock market is open after 16:30 EEST and then is where usually prices move rapidly.
>> If the retracement does not happen before the stock market opening, better to not have open positions, especially during the opening.
OIL About to come back 61% of the move? 20.07.2021Crude Oil Inventories are about to be released tomorrow on the 21st.
It is obvious that the market changed a lot the last month since price fell from 75 USD per barrel to 65.50 in just a week.
Time for a retracement today?
GBPUSD Retracement with limited loss 20.07.2021Even though this is not intraday, rather an hourly-based chart (daily moves) it creates a good opportunity for exploiting the retracement.
There is no significant news scheduled for today. The market is expected to be in range unless something not expected is announced.
Always trying to increase the expected value/profit with every trade so SL is near and TP is at the 61% of the move which is at a good far level.
NQ Power Range Report with FIB Ext - 7/20/2021 SessionContract - CME_MINI:NQU2021
- PR High: 14599.75
- PR Low: 14578.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 179.42
- Volume: 34k
- Open Int: 230k
- Trend Grade: Bullish
- From ATH: -2.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 15247
- Mid: 14676
- Short: 14104
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 7/19/2021 SessionContract - CME_MINI:NQU2021
- PR High: 14683.25
- PR Low: 14652.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 176.22
- Volume: 37k
- Open Int: 226k
- Trend Grade: Bullish
- From ATH: -2.0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 15247
- Mid: 14676
- Short: 14104
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Fib Retracement From ScratchHello, traders!
As you can see, SkyRock traders always use Fib tools for our analysis and predictions. We find Fibonacci tools a great powerful series of instruments that’s necessary to use. Today we’ll speak about one of my favorite TA tools - Fib Retracement.
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Well, it seems to be not very important and attractive how to calculate Fib Retracement Levels. You should just know that they are based on something called the Golden Ratio. It’s believed that all natural laws are based on this ratio. However, the right usage of it is deadly important.
To initialize it, put the first point to the previous lower low and the second to the confirmed higher high during the up-trend and vice versa during the sown-trend.
What can it tell you?
Initially, support and resistance. It could hardly be possible to find the tool better for such purpose. Then, the levels of it is usually reached, thus it may produce some signals. Although it’s very powerful tool, it’s kinda ridiculous idea to use it marginally. Also, the areas of sideways is also defined by it, cause of high probability of consolidation in «Golden Pocket». And at last, it helps ms to define Gartley and Elliott patterns.
Well, guys, as you can see it’s really great and multifunctional instrument that can help every of you to trade and make money trading. Use it in the right way! Have a nice trading day, dear traders!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
EURUSD possible retracement 15.07.2021EURUSD dropped heavily today. News for Unemployment claims is already out. No significant move. Retracement should be at hand.
Retracements and Expectations👨🏫 A students ask me to clarify a strategy I use when momentum trading using retracements in something I call the "Springboard Effect"
The theory is, the deeper the retracement after the initial impulse move the less chance of an extension or "strength" of the continuation.
I like to use the analogy of a Spring Board, (or diving board) and the stiffness of the board or the amount of "spring" it has 👇
🤔 Imagine we we have 4 different boards, all with a different amount of springs and we are going to drop the same amount of weight ⚖️ from the same height onto each board.
When we drop the weight onto the board that has lots of springs, it wont retract far before launching the weight high 🚀
If we drop the weight on a board that has a less springs it will retract further, but have less strength to launch the weight very high 🛫
If we drop the weight onto a board that has barely any springs then it will retract a lot and then struggle to even launch the weight higher than the height it was dropped from 😤
In this analogy.....
The height we dropped the weight from, is the top of the impulse move 📈
The different boards are the different fib retracement levels 🧮
The springs are the buyers at those levels 💵
How far it throws the weight is the strength or price action of the extension 💪
👉 A Bounce on the 382 tells us that there are plenty of buyers wanting to enter this market asap, this is a good sign that the extension could be strong. I like to target the 1.618 extension and or match it up to a level of resistance close by
👉 A bounce on the 50 tells me there is still a lot of bullish momentum but buyers where happy to buy it much lower, I'll still consider this bullish and target the 1.272 extension and match it up with some resistance close by or front run the level if I have to.
👉 A bounce on the 618 I dont really consider to be a strong move, I feel we will get a good bounce and may extend further, but I play close attention to the previous high incase we double top. I will look for things like candle stick reactions and use the CCI to spot divergence if momentum is lacking.
👉 A bounce on the 782 I consider a failure of the trend, I will expect buyers to still step in, but it will be a weak bounce and only really look to target other fib levels inside the retracement as potential resistance and this trade becomes more of a short term scalp.
I hope this makes sense and adds some value to your trading, peace ✌️
Rebound USOIL? 15.07.2021Crude oil price dropped heavily yesterday as the inventory reports came out. Quite the opposite of what should have happened because it shows that actual figure is way more negative than the one that was expected. Price fell from 75 to 71.5 USD/barrel in one day. This looks like an opportunity.
Expecting a retracement until the level 73 USD/barrel.
Risky USDJPY Retracement 14.07.2021Well this is a surprise with this pair!
Difficult to believe that a retracement wont happen here to 61% of the move. It seems that the downward movement is over.
Maybe this will take until tomorrow thus the risk and swap charge.
YES for EURUSD retracement? 14.07.2021Seems that after a long fall yesterday EURUSD is retracing. Always aim first for the 61.8% level.
Caution on SL and TP.
13.07.2021 Nasdaq Retracement?There is a possibility that after such a long upward move after the stock market opening to see a downward move with stop at the 61.8% of the move as always with retracements. Speculating correctly ofcourse that this is the 100% and the move is done for the day.
Good Morning 12.07.2021. GBPUSD Monday Retracement?The Fibo retracement levels show a possible profit of 15 pips until the 61.8% level.
Pros:
-Possible downward breakout after 1.3880. Range trading market on a slow day
Cos:
-Volatility issue since no significant news or reports are scheduled and is Monday.
Next stop at conservative level 1.3865
GBP/USD MIGHT AGAIN TEST 1.3500As price came to a minor resistance zone sellers came in strong and pushed the price down. The retracement move might be over and I would recommend selling with the target at the next major support zone which is 1.35.
XRPUSD TO BUY, Fib 61%, TP: 0.64There seems to be a change of direction with XRP after the downtrend for price to rally up. After the long breakout, we could see a retracement with price at 61% of the fib. With that being said, XRP looks to go up for a buy.
TP: 0.64+
