Get started

Fib

USDJPY - 5/1 Risk Reward setup - 240PIPSWe all love a pending order where we can set, forget and collect. Set the order - Pending buy @ 107.700 - Stop Loss @ 107.200 - Take Profit @ 110.00 Forget - We can leave and forget our pending buy with some confidence due to the quality of the setup. This is a straight forward Fibonacci setup on a high timeframe, using a high timeframe adds weight to the price action described below. - We can safely assume that the two significant levels required to draw a Fibonacci line have been printed... the low of 106.500 and the high of 109.500. I have the confidence to call the top because of a significant pullback. - The 38.20% Fibonacci retracement leg has already been fulfilled on the 14th @ 1400hrs. Following this, we haven't seen any bullish momentum build to take price to new highs. So its likely that there is still significant selling taking place or there is not sufficient bullish mood to drive the dollar higher just yet. - This all means that the next calling point is likely to be the 61.80% Fibonacci retracement. (This will be our entry point.) with stops places below 71.00% Fibonacci Retracement. Collect - With patience we will look to collect our profits on the first Fibonacci extension. - With good risk management trading a small lot size you can risk less than 2% of your account (1.8% in my case), and look to collect over 8%! Remember that profitable forex traders on average only collect 20%-30% profit per year and this setup offers more than 25% of that in one trade. For more setups like this one. Follow my new telegram channel t.me/smartmoneytrades. I have 11/14 trades profitable in the past two weeks, and over 16% account profit in that time. Let me know your thoughts in the comments, even if you disagree.
Long
by JoelWarby
BTC (Y19.P6.Video.C) Cont.Is the bottom in?Hi, Welcome to my 3rd video which will be part of the series of the Bitcoin Macro trend. **************************************************************************************************** Note: I posted a Macro Level chart back in July this year that is doing a good job for the current price formation. The logic of this chart is also used as a reference but I did not have time to explain it in this video but it supports my thesis with the bottom being in. I will include that post in the next video as well, to explain why I think the price will move a certain way. The logic for this chart below, posted back in July is that after parabolic run, we will naturally see a sell off at the top. and then the price will drop back to the support zone where it all started from, the parabolic run. Here there is an already established channel. **************************************************************************************************** In this video I will be talking about the current trend and its structure and what my take is from a number of sources. Hence this presentation is a compilation of ideas that I have taken from others and incorporated them with my ideas as well. Unfortunately I ran out of time so I will need to continue this video to finish of with Moving Averages and the 3rd part, which is fib. channels. This video quickly recaps the previous videos and covers the x2 Btc cycles that occurred with each cycle having 4 phases or stages. Each stage identified with its parabolic advance which is supported by the RSI phase 1 and phase 2 have a common support level, base trend line so we are going to try to use this historical reference for today's chart This video covers chart structure using fibonannci as a means to make sense of the chart, I will highlight key milestones and pivot points with the help of pitchfork, fib fan, fib circle, fib extension levels The last part of this video covers the MA method. Using Ma, we get the bottom support line using the 50,100,200 weekly ma. cross over represents a bullish momentum. Previous Video Post July 22 post, that is somewhat accurate for today's price structure and this post demonstrates why it works based on a no. of assumptions.
BITSTAMP:BTCUSDLong
by ssari
2
USDCHFVemos un nuevo swing bajista de USDCHF. Los pares estables como este suelen dejarnos grandes movimientos y gran seguimiento de los analisis técnicos. En este caso encontramos grandes confluencias: - Por un lado ruptura de una tendencia alcista donde vemos la formación clara de un HL. - Por otro lado vemos un rechazo claro en una zona de reaccion del precio - LLegada a los posibles niveles de entrada de Fib - 2 Engulfing bar en H4 lo cual nos muestra la entrada de vendedores en el mercado - Rechazo de linea de tendencia bajista. Entrada con un gran R.R Veremos como se comporta esta semana!
Short
by Manuel124
BTC Trade Set Up | Bullish Divergence Hello Traders! Quick chart update today, a potential trade set up on Bitcoins current formation with a bullish divergence. Points to consider - Price respecting down trend - Structural support at .50 Fibonacci - RSI respecting trend line - EMA’s giving price resistance - Volume below average Bitcoin is currently at a price level that has historically been support by its trend line. A bounce back into resistance is probable for Bitcoin. Price has been respecting the blue resistance line, this is in a wedge formation that is coming closer to its apex zone. Structural support is at the .50 Fibonacci levels, a good technical take profit zone if price manages to reach it, this can be backed by the stochastic upside projected momentum… The RSI is currently respecting its trend line, diverging from price as it makes consecutive lower highs; this puts more emphasis on the bullish divergence on coming to fruition. EMA’s need to cross bullish and we need to see sustained above average bull volume to successfully push price up… What are your thoughts on this trade set up? Please leave a like and comment, And remember, “You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best.” ― Jaymin Shah
BYBIT:BTCUSD.PLong
by The_Alchemist_Trader_