Risk only 1% on this trade with 3:1 ratio. RSI suggests it will be bullish.
According to trendlines and fibbonacci its possible to retrace at that area.
Fibbonacci and resistance lines confirm it.
SP500 Is reaching a support line, that matches with Fibonacci retracements and the Uptrend line. (MA also supports the idea) Buying from that area is a good opportunity while risking only 1% of your money. 1:3 Lose/Win ratio. *DISCLAIMER* I'm not responsible for whatever trade you put in use, I'm only here to share my ideas. Enjoy!
Very possible to drop to this level.
I see a possible short opportunity to these levels.
Crude should retrace to this level. Risk 1% only and remember that this is a small timeframe trade.
News is coming tomorrow about weakening the JPY which can pump this pair. Two targets are possible, if we break the first resistance then second is on the way.
Trend line suggests its time for its retracement, and it might be reaching those two targets, If it breaks the first support then it could go to the second target before going bullish again.
This might be a crazy idea but if we break this triangle we might see 12k, If not it will retrace to 5500-6000 levels.
After reaching my previous retracement and prediction levels, I think now it's going to pump according to fib extensions and resistance lines. The green boxes represent possible TP levels.
My first prediction happened, and it reached the retracement line. If the daily candle settles above the green line (The next support), It's likely to pump to (10000 - 10300) According to fib extension and the next resistance. There is also an ascending triangle that predicts a bullish movement. EMA supports this idea too.
This Analysis was made according to Fib retracements/extensions and resistance lines. Supported by EMA
According to trend/resistance lines, with fib retracement on the daily chart, we can see that its most likely going to retrace from the upward movement. It would reach the area highlighted by the box. EMA is supporting this idea as well.
My analysis suggests that the prices will go down to the trendline and then go up again in the same fashion as before.