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Retracement

Hello to GBPUSD retracement!17.06.2021After the FOMC Statement yesterday at 21:00 (GMT+3) the dollar appreciated heavily causing the heavy fall of the pair by over 130 pips. This short-term shock might have just created an opportunity for a retracement this morning to at least 61% of the move. >> Usually moves start at 9:00 -10:00 when there is such an opportunity. >> For the time being there is no strong indication for GBP to depreciate much or the dollar to appreciate more. breaking the day's support at 1.3970. However, the potential profit will be at least 25 pips.
Long
by UnknownUnicorn5944879
NAS100 Retracement Opportunity?> NAS100 experienced an intraday dip of about 130 USD. This was a sharp downward move. Considering the volatile nature of index prices, I am in favor of a retracement forecast. If not, I would be very surprised. Perhaps waiting for a break of the resistance level 14060 might be a good idea to reduce much of the risk. >Calcs for educational purposes: 1 Index CFD traded generates approx. 20 EUR profit at the 61% Fibo retracement level. SL should be considered to be set near that around 14033, generating a loss of approx. 15 EUR
N
by UnknownUnicorn5944879
1
GBPJPY Swing Short (update)Just providing an update to my swing trade: I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2. So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
Short
by darbova
3
BTC Daily Update 6 June 2021Based on BTC daily chart, it is still consolidating between $33k to $39k range. Usually, the longer the consolidation, the bigger the next move will be. Based on Bollinger Band indicator, the squeeze of it is so tight where it validates my first statement. The next downtrend move may find support in one of the 4 strong support accordingly. If first support lose, it will go to the next support. Furthermore, Stochastic RSI is already in the downtrend movement which indicates that a retracement is imminent unless BTC is able to break the Bollinger Band basis line and stay above it. Until then retracement will happen around the corner.
by CryptoSpaceMy
Go for the Gold and go long.You can see that gold took a very big down move today. I think this is a retrace and not a trend. So I think this is where you can buy gold on sale. You can see that gold price now in gray rectangle and has broken out of the parallel channel. Also look at gray rectangle and you can tell that top is a support and my bottom is demand zone. Once below my demand zone then I think my theory of going up more is wrong. This is the opposite of normal conservative and aggressive entry. You can see that conservative is more profit goal, but less chance of entry (and because of this less chance of any loss = conservative entry). Aggressive entry is lower target more chance of entry (and because of this more chance for loss = aggressive entry). I have not taken entry yet because I don’t know yet what kind of entry I want. I am going to sit on my entry for a couple of hours and see what I feel. I change to black, white, grey and yellow chart because I am color blind and I easily mix up other colors. Lots of Irish people are for some reason. Sorry for the dull colors! Let me know what you think and I love thumbs up and comments! ❤️ Ms Bunny. See my other long gold strategy. It worked out good! (See link below)
COMEX:GC1!Long
by UnknownUnicorn11430563
8
BTCUSDT Ready for a Second WaveHello traders! As we witnessed a 53% drop in the first wave of selling Bitcoin and after that, we can see a retracement to 40k which is about 33.33% rise from the bottom and it is now ready to start the second wave which will hit the 20k price which is about 50% retracement from 40k price. Don't expect a sudden rise in price after the 20k price. The market will bear selling pressure this whole year and Bears will remain in control of this Market. Once the market moves down I will give you the exact point of drop ends. DON'T forget to hit the like button and follow to stay connected. I analyzed and predicted a drop to 20k on 3rd May when the price was at 57k price. At that time it was not feeling well but now it looks like it gonna happen.
Short
by Aadil1000x
13
BTC/USD - Will Price Retrace to Neckline?So a couple months back a colleague and I joked about how technically, BTC's price should see some kind of huge pullback and retest its neckline area. With how much crypto has grown in previous years and seeing what kind of potentials it has moving forward, it was just kind of hard to believe that price would ever have that drastic of a pullback. Well here we are today and now seeing BTC not being able to catch any kind of support and it just goes on to make me wonder. Anyways, personally, I'm a bullish trader when it comes to the crypto market and I'm currently sitting on the sidelines waiting for price action to give me a sign that it's time to reinvest. I truly do believe that the growth that we have seen in the crypto market since March of last year is just the beginning of a massive bull run and that in years down "Crypto" will be added to the list of "Investments of the Decade". As far as which coins make it, let's put it this way. Between CoinGeeko and CoinMarketCop there are between 7500-10,000 "legitimate" crypto currencies on record. Even if 99.5% of these cryptos were to die off by the end of the decade, you would still be left with 375-500 different cryptocurrencies. In conclusion, I personally still don't believe BTC's price would ever fall to this level, I just thought it would be an idea that someone else out there might enjoy thinking about. Until next time.
BITSTAMP:BTCUSD
by Trump4FxPresident