Hi guys,
This is my view on gold. Right now gold is doing retracement to complete W formation than it will continue to the upside.
So far gold is follow our analysis.
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Thank you for support.
Looking to enter longs on a pullback to retest recently broken resistance (which is now key support) in confluence to the 0.5 fib retracement and respectable ascending TL.
Note: Publishing first idea here and a beginner in charting.
Square seems to be bouncing of the 38.2% fib retracement levels. I might take start a position here once I get the confirmation. Will take profits in according to the fib extension levels shown.
From smaller timeframe, it looks like we finished with a diagonal for 3rd SubWave here. We should find retracement down to one of these levels before continuing back up for 5th wave up.
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE EURO/ DOLLAR FROM THE 15M CHART.
* The pair saw a rally with the bulls now showing signs of weakness at its peak price action and momentum signalling some reversals before we can see continuation on the pair , looking for a retracement and a retest of the...
Dear Friends,
The price is in Support and Fib Retracement Spot. Once it break well we can decide to Sell it, and make some pips in swing.
Do your own analysis before entry any trade.
Regards,
Ganesh G
Market GM
Looking to enter shorts on a pullback retesting the back of the broken ascending TL in confluence to the inner 0.618 fib retracement, previous area of S&R, and respectable descending TL.
Cancel order if 129.700 level gets broken before getting ticked in.
XRP has been on a fantastic run upward but it has been losing steam in the process, showing bearish divergence both in the volume and in the RSI. A retracement to the $1.20-1.30 level looks likely now. Not financial advice.
GBP USD Could be in an hourly channel and face resistance as market opens and stabilizes.
If we get back down to the support level we may have a nice entry long for this week to the upside.
I'll be monitoring for GBP USD retracement into hourly support zone and see if we get a good rejection from that area to make a potential long.
First time posting, the red and green lines are two arbitrary lines for my own use. It seems VET is consolidating after that amazing move from 0.16. Healthy retracement IMO... I'm hoping for another leg up after this, time will tell :)
Do your own research and DD. I'm new to TA and feel free to share your ideas in the comment section and make money yo!
After the huge break out on April 7th to touch an all time high on April 9th, ENJ retraced back to the previous break out zone 2.70/2.80 and it is now consolidating its recent weeks gains in the 50% retracement level from the move from the lows on April 7th to the highs on April 9th. Once this consolidation is over we can expect uptrend to resume towards 4 level...
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Strategy : FIBO RETRACEMENT CONTINUATION CHANNEL
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