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Fractal

USDJPY swing trade update. 800 pips done! We sent out our this next analysis exactly a month ago to our members at Fractals Trading Community: "After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week." (linked idea) Setup is currently running with 2 TP levels already hit. Will send a new analysis next week. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Long
by martinmei
1
13-Oct-24Price has lingered at this level without a correction to establish support. I think we will fall straight back to 60K, before breaking through and bouncing back. The narrative goes like this: 1. Low liquidity market trending sideways at a big even 2. Price breaks to lower low, providing whales with the liquidity they need to buy in 3. Whales buying below the LL cause a short squeeze to the top of the range without breaking out. 4. (You are here) Price is now over extended at the top of the range, and the bullish rejection has left a lot of confident stop losses below the low. 5. (Maybe) Price rapidly falls back to the demand zone, with only a small bounce before squeezing longs by breaking to lower lows. 6. (Extra maybe) Now the market has cleared out the weak hands from the range, so only the low leverage positions remain. This allows the market to lower it's volatility and establish it's longer term trend, which I think will be bullish.
BITMEX:BTCUSD.PShort
by ThousandDollarBitcoin
1
DOGS price is preparing for growth?The white candlesticks on SEED_ALEXDRAYM_SHORTINTEREST1:DOGS price chart depict the previous fractal movement of the #NOTUSDT price. For OKX:DOGSUSDT price to repeat this path, it needs to break through the trend line and gain a foothold above $0.00075 in the coming days. If this condition is met, then the purchase zone of $0.00075 - $0.00081 will be available for several days before the real pump begins. Follow the development of this idea so as not to miss the chance. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
7
USDCAD 1:7 RR trade idea The dollar index almost hit a 2 year low but the price reversed only half a percent higher from the said level. After CPI news, the dollar ended its bullish streak, after touching the highs of 2020. For that reason the USDCAD, which has just finished its second bullish leg by the Elliot Wave theory(6 bullish days in a row). Currently looking for a second correction, to what quarterly VWAP high indicates. Looking for a 7% short trade setup(1% risk) targeting 1.365(Quarterly VWAP + 0.382 retarcement) for 100 pips. This analysis is taught and provided by Fractals Trading Community. Trade safely and expect the unexpected, Mei
Short
by martinmei
3