On the near-term daily chart the price has pushed below the 61.8% level of the previous high and low. A full retracement back to the previous low has a high likelihood of happening. Will re-evaluate once the 100% level is tested to see if it is time to buy. Probably not as trend momentum still has strength for the bears. Thoughts?
EURUSD Timeframe: H4 Direction: Long Confluences for Trade: - Price at Support of Parallel Channel - Fibo support (61%) lies at 1.1187 (SL level is below that, just in case) - Stochastic Overbought momentum (W1, D1, H4 & H1) - Fundamentally, EU-Italy impasse is still at large but market have pretty much priced in such situations; leadin strong weakening...
This pair looks to be forming an inverse head and shoulders pattern after the bounce off the 1.13 even handle that formed a nice double bottom pattern. I see some resistance at the 618 retracement where we could see a slight move down to the 50% to test the neckline of the head and shoulders pattern and structure support before a move up to the 786 level with...
Hey tradomaniacs, Important: BUY after the break through 128,544 and wait for the retracement! Type: Day - Swingtrade Buy-Limit: Stop-Loss: 128,544 Target 1 : 129,202 Target 2: 129,900 Target 2: 130,178 Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any questions? PM me! :-)
This deep retracement may be give a new low movement. (5 wave of a Elliott count)
USDCHF has been ranging for close to 2 weeks, and the price has chosen to break below the previous rising trendline as well as below the range. The dollar has turned sluggish again and is most likely to retrace lower, a plus point to short USDCHF. The Swiss Franc is seen performing stronger as compared to last week, thus a reason to buy CHF. Lastly, the structure...
USDJPY has reached 114.5 and finally hit strong resistance at that level. Last week, a reversal candle was formed in the W1 chart which already signals for probable reversal. Additionally, a rising trendline was broken yesterday, enough to confirm a major retracement to take place. Base on the market sentiment, it seems that the dollar is also having trouble to...
AUDUSD. Resistence reached accompanied by weird RSI divergence that can predict short or even longer retracement down. We shall see.
NYSE:EIX Nice relative strength in EIX today. Bullish stochastic cross and nice reaction in the recent retracement of an intact uptrend. Aiming right below the highest close of the last high.
EURCAD Fibonacci 61.80% Retracement
This deep retracement after the bullish rally in the last two days, may goes to new maxium at 1.6 of the rally movement.
Hey guys, the 5th Wave is complete and I`m expecting an A-B-C-Pattern which is not TOO strong since Jerome Paul said that he might be more patient by rate hike`s. Let`s see what happens. I Don`t expect a retracement which is too strong. Gold move shows dollar-weakness / should not be strong today and that is quite good for the Euro. I just edpect some...
Broke through daily resistance. Possible 0.786 retracement to support level and then long to resistance level. Look at lower timeframe for possible long set up when it hits daily support level
EUR/USD short bull retracement 1.55000 78% fibo ADVICE: wait for the trade and control your emotion comment and follow me thx
NFP is due tonight, and there's little evidence that the numbers will be disappointing. The dollar is very likely to strengthen further unless the NFP figure drops below 150k, which is really unlikely. EURUSD has broken below an 8-weeks long symmetrical triangle after slipping 80 pips yesterday. For the price to continue falling further, a retracement is highly...
USDJPY gained over 130 pips after BOJ signaled to continue easing. The bullish wave has completed a significant wave of retracement after reaching 112. It is highly probable that USDJPY will continue another wave of appreciation fundamentally where the Fed continues its effort to raise rate and BOJ continued to ease monetary policy. The technical rebound and...
Another day, another idea - I don't do predictions. Reasons for a bullish bounce around the 0.618 level: 1) We're seeing a downward wedge forming ( typically a bullish signal ), converging with an apex right on the 0.618 retracement level 2) We're seeing a nice textbook Elliot wave: 5 waves up, 3 waves down, with the ABC correction ending at the end of wave 4...
A retracement is looking very likely, the head and shoulders was successful as the price rallied over the past couple of days. The price looks like it has started to lose momentum, it is looking more and more likely that bitcoin may retrace at this point as the RSI is very overextended. I believe the price from here would move down to the previously broken...