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Fibonacci Retracement

EURUSD | MT Long H4 |Overly OversoldPair: FX:EURUSD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action has some support trend-line holding it - Horizontal trendline looks like a demand zone across the years - Horizontal trendline (Red) is at the 1% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - EUR weakness has been mostly been pricing in the expectation that ECB will cut in June and diverge from the FED. Currently, priced in. - Risk is further war escalation from the Israel-Iran tension Suggested Trade: Entry @ Area of Interest 1.0620 - 1.0650 SL @ 1.0589 TP 1 @ 1.0698 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.0758 Risk-to-Reward @ Approx. 2.44 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Long
by weekendanalyst
GOLD → End of correction? Up to 2380?FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and makes an attempt to break the figure, which in general may mean the end of the correction. The price consolidation above 2328 will be a confirmation of the bulls' intention. In the near future the market may move to the phase of realization of the accumulated potential. Resistance levels: 2328, 2352 Support levels: 2295, 2277 Technically and fundamentally there are many preconditions for possible growth. The main task is to wait for a retest of the resistance at 2328 and further market reaction. A false breakdown and a small correction before further growth may follow Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
GBPUSD → Attempting a trend change. Up to 1.2700?FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last Friday. The currency pair is testing the local high and on the pullback is consolidating above the bearish trend resistance. Confirmation of the trend change will be the consolidation of the price above 1.2634. Resistance levels: 1.2668, 1.2570 Support levels: 1.2487, 1.2422 Most likely the market will make an attempt to change the trend, at the moment the realization phase is being formed. We are waiting for confirmation of the trend change with the purpose of further strengthening. Regards R. Linda!
Long
by RLinda
4
ETC fights against resistanceHello everyone, let's look at the 4H ETC to USDT chart as we can see that the price is moving in a downtrend channel. Let's start by setting goals for the near future that we can include: T1 = $28.51 T2 = $29.92 T3 = $31.92 T4 = $35.08 AND T5 = $37.63 Now let's move on to the stop loss in case of further market declines: SL1 = $22.82 SL2 = $20.04 AND SL3 = $18 Looking at the RSI indicator, you can see a sideways movement near the middle of the range, while the STOCH indicator started to reverse from the middle of the range.
by cryptodailyuk
GOLD → Correction may continue ↓ before further growth ↑FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is forming around 2285, and if it is not broken, the correction will extend to 2222 (2195). The signal to the continuation of the fall will be the fixing of the price below 2285. But, with active participation of buyers, which may be caused by fundamental and geopolitical reasons, the market may break the structure: Break of resistance and price consolidation above 2320-2325. This will mean the end of correction with further continuation of growth and formation of the fifth wave, the target of which could be the area of 2450-2550. Resistance levels: 2320 - 2325, 2350. Support levels: 2305, 2295, 2285 The global trend is bullish, the local trend is bearish (correction). Take this into account when trading! It is necessary to wait for price confirmation, which will mean either the continuation of the correction or its end. Only then you can take some measures to open orders in one or the other direction TVC:DXY MCX:GOLD1! COMEX:GC1! CAPITALCOM:GOLD Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
Ethereum - Final crash soon! Then new all time high (buy here)Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to buy Ethereum in this zone?  First of all, we need to do an Elliott Wave technical analysis, which is the most important as it gives us a full map of previous price movements. From my perspective, the price is forming a triple-three corrective pattern (WXYXZ). This is a classic corrective pattern, and we are in the last wave Z. Usually, what you want to do is buy ETH slightly below the previous wave (Y) (liquidity sweep).  What's more, the price is inside this bullish flag / falling wedge pattern. This is another bullish sign for us to buy ETH below the previous wave (Y). Also, we have a long-term trendline from October 2023 with a total of 2 touches, so we also want to buy on the third touch of this upper sloping trendline.  This is a strong combo. We have a strong confluence to buy ETH between 2800 and 2700. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
26
BTC | Short H4 | Market Exec |Crypto Toppish For NowTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 time-frame - Price action is close to a Resistance Trendline - Price action is close to a 200 EMA (still bearish for now) - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Fundamental Confluences for Trade: - Nothing new in the Crypto space to start any new hype to enter the market - Crypto ETF craze has passed; wait for the next one maybe for ETH Suggested Trade: Entry @ Area of Interest 62,700 - 65,300 SL @ 68,042 TP 1 @ 59,200 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 53,685 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
PolkaDot. In The Golden Pocket.Market Cap 6.9 Billion Up a cool 2,600% before a RSI Bearish Divergence + the "Incredible Sell" , price retraced to the 0.5 fib level, before rallying again to its high of $55. Price has since corrected 88% and finds itself in the Golden Pocket. We also have our first "Incredible Buy" Signal + Stochastic Oversold. Does that mean the bottom is in? Don't know, I don't try timing the tops or bottoms. Long Term bulls should DCA (Dollar Cost Average) with re-entry at $4, which is the 0.786 fib level , some big Volume Profile can be found there. Can price drop further? Most definitely! Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas. Credit to @without_worries for allowing use of indicators.
Long
by bL1TZZ
2
📈MATIC Analysis: Waiting for Box Breakout in 4-Hour Timeframe🚀🔍Today's market saw a notable rebound from a crucial support level, reaffirming the buying opportunity for investors keen on sustaining prices above this support. As emphasized in previous analyses, the breach of this support and subsequent consolidation below it would likely signal a bearish trend, making position opening challenging until proximity to this support. ⚡️Currently, Bitcoin has undergone a minor upward correction, with altcoins also nearing the upper bounds of their respective boxes. The coin under scrutiny today is Matic (MATIC), with analysis focused on the 4-hour timeframe. Matic is currently confined within a box ranging from 0.6449 to 0.7491. 🔔Utilizing the volume fixed range profile indicator reveals balanced volumes within the box, suggesting a prudent approach of waiting for a breakout before considering positions. Therefore, the entry point for a long position is at 0.7491, while for a short position, it's at 0.6449. 📈For long positions, consider targeting the area around 0.8685, a strong supply zone where price rejection may occur. Conversely, for short positions, 0.5057 serves as a suitable target, offering robust support and aligning with the 1 Fibonacci extension. ✅However, the optimal exit strategy entails waiting for a trend reversal before exiting the position. This advanced approach necessitates a deep understanding of market dynamics and significant trading experience. 📊Additionally, dwindling volumes indicate waning trader interest within this range. When traders, especially those with significant trading volumes, are disinterested, it's prudent for others to refrain from trading. 💎For RSI confirmation, breaking above 64.27 could serve as a signal for long positions. However, given the market's lack of momentum, reliance solely on momentum indicators like RSI may not be advisable. 📝In conclusion, exercising patience for a breakout from the current box range is prudent for Matic traders, with strategic entry and exit points crucial for successful trading amid prevailing market conditions.
M
by itsparham96
NZDCAD | MT Long H4 | Milk Economy Over Oil Economy? Pair: FX:NZDCAD Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1, H4 and H1 time-frames - Price action is at a resistance trendline & also a horizontal trendline (Demand zone) - Price is between the 61.8 - 78.6% Fibo retracement - Aiming for the 38.2% Fibo Retracement which is also a supply zone. Fundamental Confluences for Trade: - Very different economies with market data gyration will pretty much determine the direction of this trade. Suggested Trade: Entry @ Area of Interest 0.8070 - 0.8100 SL @ 0.8021 TP 1 @ 0.8155 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8223 Risk-to-Reward @ Approx. 2.27 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Long
by weekendanalyst
2
USDCAD | Short H4 | Market Exe | Loonie to Ride the GreenbackTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H1 & H4 time-frame - Price action is at a Supply Zone area - Price action may reverse towards the ascending support Trendline - Targeting the 38.2% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.3760 - 1.3800 SL @ 1.3854 TP 1 @ 1.3697 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 1.3611 Risk-to-Reward @ Approx. 2.12 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
6
GOLD → Consolidation ahead of NFP. Rise to 2328 or fall to 2250?FX:XAUUSD decreases volatility, smoothly moving into a consolidation phase before the publication of NFP. The market structure is bearish and the overall fundamentals are negative. What should we wait for? Today is quite a busy news day, but all attention is focused on NFP. The gold market is locally bearish and set for further decline. Breakout of 2295 and price consolidation below this area will form a bearish potential. But on the news background anything can happen, like a shakeout to 2328 before a further fall to 2250, or an attempt to break the trend resistance.... Resistance levels: 2305, 2328, 2346 Support levels: 2295, 2280, 2267 Technically and fundamentally the market is weak and ready to conquer the lower liquidity zones, but there is news ahead. It is impossible to determine the movement in advance, but based on the general data, there is a probability to see the continuation of the decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
3
BTC: Two potential target prices - Two critical support zones correspond with the 0.382 and 0.618 Fibonacci retracement levels of the entire swing from A to B, enhancing the significance of these support levels. - After two months of ranging, the price finally broke below the critical support zone as volume spiked, confirming the breakout and leading to a significant drop. - If the price does not return above the first support zone , two potential target prices can be anticipated: 1. A 100% extension of the large purple box. 2. A 100% extension of the small blue box. Note that this target price perfectly aligns with the previous key resistance-turned-support level. Not Financial Advice The information contained in this article is not intended as, and should not be understood as financial advice. You should take independent financial advice from a professional who is aware of the facts and circumstances of your individual situation.
COINBASE:BTCUSDShort
by stock_adelie
2
Ready for Takeoff? NYSE:BA Boeing Shares had a volatile performance this week, with a decent uptrend rally on Thursday and Friday . This is my strategy: Using Bollinger Bands and Fibonacci Retracement, we see a slight trade volume and volatility increase as the price surpasses the SMA and nears the upper band. The price is at $179.79. We can expect it to reach a price target of $184.15 (test strategy here) before retracement or reversal as the shares will near overbought status. Enter at price targets: $175.15 and $164.21 Hold for the price to cross $196.27 for uptrend confirmation.
NYSE:BALong
by eakosah
Bitcoin 2025 Target + Bull market mapBitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring months with a lot of sideways price action. On the chart, you can see my price projection for the next 1 year. As per my calculations, the bull market should end in Summer/Fall 2025 with a price of around 130,000 to 170,000 USDT. The current price is 67,000 USDT, and the bull market started at around 15,000 USDT. Of course, the most money you will make is if you buy at the start of the bull market and sell at the end of the bull market, then wait for the bear market to end and repeat this cycle. I know it's easy to say, but the reality is different. But on the other side - trading Bitcoin offers much more profit than just holding Bitcoin as the price is very volatile on a macro scale. In one of my next analyses, I will show you why the ultimate target is 130,000 to 170,000 USDT, so make sure you follow my account and do not miss my next posts! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
BITSTAMP:BTCUSDLong
by Xanrox
57
DOT/USDT 4HIntervalHello everyone, let's look at the 4H DOT to USDT chart, as you can see the price is moving in a sideways trend channel where it is holding at the upper part of the range. Let's start by setting goals for the near future that we can include: T1 = $7.51 T2 = $7.92 T3 = $8.40 AND T4 = $9.08 Now let's move on to the stop loss in case of further market declines: SL1 = $6.82 SL2 = $6.45 SL3 = $6.19 AND SL4 = $5.85 The RSI indicator shows how we have bounced off the trend line, while the STOCH indicator remains at the upper limit, which may also indicate an attempt at price recovery.
by cryptodailyuk
Alikze »» AUDUSD | Pullback to broken structureIn the 1H time frame, due to the fact that he took an ascending guard and moved to the bottom area of the previous range, and this return can be considered as a pullback to the broken structure, and now by creating an OB in the specified area, it can create demand In return, move to the specified areas of supply areas. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze