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618 Fibonacci Retracement

AUDNZD: Bearish Pullback R/R 2.34 Analysis of #AUDNZD Welcome back Traders, Investors and Community. Please help us support this idea by hitting the LIKE button if you have found this useful. Follow me if you would receive daily Ideas and Updates. I'll appreciate it. *** Strategy: Pullback on 61.8 Fibo with the continuation of the bearish channel. R/R 2.34 with Stop at 88.60 or R/R 1.65 with a stop at 100. - A clear chart is always the best business card for any trader. *** - The information given is not Financial Advice. I really appreciate your support and feedback Thank you for your time. Regards, Walter
Short
by FOREXN1
EURCHF on the retest of a weekly resistance 🦐EURCHF on the daily chart broke below the weekly support and cut the ema for short. On the 4h chart the price bounced over the lower trendline of the descending minor channel and now look for the retest of the weekly structure at the 0.618 fib retracement of the previous move. If the market when hit the structure, will give us sign of inversion and break below, we will set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
USDCHF looking for a new impulse 🦐USDCHF on the daily chart after the last bullish impulse retraced until the 0.618 over a 4h support. The price turns on the 0.5 fib level Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
EURGBP Monthly/Weekly/Daily analysis 🦐EURGBP on the monthly chart is close to a very important level around 0.92300. On the weekly chart, we can see how price after the nice impulse bullish candle retraced back until the weekly support at 0.90500. ON the daily chart, price hit perfectly the 0.618 fib level at the end of the retracement move over a daily structure. IF the price during next week will break and close above the 0.91100 and consequently break the channel we will look for me test of the monthly resistance. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
6
UniSwap UNIUSDT - Elliott Wave + 0.618 FIBNext update for UniSwap. I did Elliott Wave count and i still miss one last wave to the downside. Previous low was established on 22 September. This provide us a good opportunity to buy / long in the end of 5th Elliott impulse wave. This descending trend respects the blue channel also very nicely. 0.618 fib is the level, where smart money buying crypto. If you like this technical analysis , please hit the like button and follow me for more of these ideas! Also, check my signature down below ↓
Long
by UnknownUnicorn2537518
12
USDNZD looking up 🦐USDNZD on the daily chart created a head and shoulder over a monthly trendline. The price on the 4h chart after the last impulse retraced till the 0.618 fib level in a descending channel. IF the price now will break and close above the resistance area we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
GBPJPY bounce over the 0618 🦐GBPJPY on the daily chart is moving inside a weekly ascending channel. The market hit the lower trendline around the 134 area and start an uprising leg. The price hit a weekly resistance at 137.800 area and retraced back till the 0.618 fib retracement. IF the market will break and close above the 136.650 area we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
8
CHFJPY | PERSPECTIVE FOR THE NEW WEEKCHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future. Tendency: Downtrend ( Bearish ) Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern that points down. ii. ABCD pattern is sighted with parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 350pips. Risk/Reward: 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCAD | PERSPECTIVE FOR THE NEW WEEKSince the price moved 250pips in our direction since my last publication on this pair; the USD/CAD gained downside momentum and is trying to settle below my Key zone at CAD1.3200. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Breakdown of CAD1.32500 zone on the 7th of Oct. was followed by significant rejection of level on Thursday & Friday signalling a possible downtrend continuation. ii. In this regard, an ABCD pattern is sighted with parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 150pips. Risk/Reward: 1:4 Potential Duration: 3 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Overall Bearish Outlook XAUUSDMy outlook on Gold, is it's overall bearish. As you can see price had a major push to the upside and created a High. Now I believe price is making an attempt to retrace and test the "previous high". This previous high also lines up with the 61.8 Fibonacci level and is also near my demand zone. From the chart you can see price formed a descending triangle, and broke below to the downside. Price then retraced to test the trendline, which also correlated with the former support zone and supporting trendline, now acting as resistance. Price may have just finished forming it's new Lower High and now ready to make another bearish impulse, ultimately creating a Lower Low. Feel free to Like, Comment and drop your analysis below if you feel/see something different.
FOREXCOM:XAUUSDShort
by NoCeilingsTrading
USDCHF can bounce over the 0.618? 🦐USDCHF on the daily chart hit and got rejected by a weekly resistance around the 0.93 level. The price retraced in a descending channel till exactly the 0.618 of the previous bullish leg. If the market will manage to break and close above the daily structure we can set a nice long order according to Plancton stratgy ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
24
EURNZD 4h analysis 🦐EURNZD on the 4chart retraced back till the 0.618 fib level of the previous bullish leg. Market is currently testing the minor resistance at the top of the minor descending channel or bull flag. If the market will break and close above it we can set a nice long order according to Plancton's strategy for the new impulse. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
14
EURUSD Monthly/Weekly/Daily Analysis 🦐EURUSD on the monthly chart (upper one) respected the descending monthly trendline. The price has been rejected again at 0.618 fib level. On the weekly chart, we can notice that after consolidation at the trendline price fall till weekly support. Daily chart clearly let us see that price fall and retraced back over the weekly support till the descending trendline. IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
8
XAUUSD | PERSPECTIVE FOR THE NEW WEEKWith over 7,500pips in our direction since my last publication (see link below for reference purposes), Gold’s standing as a safe-haven became more questionable on Friday as price dipped despite President Donald Trump testing positive for the coronavirus. This development further hypes a risk for a decline in the following week(s). The expectation of a harmonic structure lingers as I continue to aim for the Bullish trendline on the Daily chart (see link below). Tendency: Downtrend ( Bearish ) Structure: Supply & Demand | Harmonic (AB = CD) Observation: i. Breakdown of $1,920 followed by rejection of level on Friday appears to send signals that hint Bears as price respect the memory created on the 22nd of Sep. 2020. ii. ABCD parameters; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 7,000 pips. Risk/Reward: 1:4 Potential Duration: 6 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDShort
by darcsherry
2
USDJPY | PERSPECTIVE FOR THE NEW WEEKIt is over 60pips in the opposite direction of my last speculation (see link below for reference purposes) as the price rejects my previous Demand level hereby increasing the further risk of a decline. The US Dollar came under pressure in the late Asian session on Friday and dropped below Y105.000; even though there was a mild rejection of this level, it is not strong enough to ignore the Bearish tendency as a diagnosis of President Trump and First Lady Melania with COVID-19 shift sentiments. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand | Harmonic (AB = CD) Observation: i. Price continues to respect Bearish Trendline on Daily chart paving way for a risk of further decline in the coming week(s). ii. Further Breakdown of Key Level @ Y105.200 might be a confirmation of my bias as I look forward to AB = CD pattern formation with details below; iii. ABCD parameters; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward: 1:5 Potential Duration: 5 to 12 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURUSD | PERSPECTIVE FOR THE WEEKIt is over 150pips in our direction since my last publication on this pair (see link below for reference purposes); The “risk-off” situation going on globally appears to favor the US dollar as the Euro rejected the Demand zone and fell during the trading session on Friday to close below $1.17500 (making this level a Supply zone as Selling pressure increases from this area). Tendency: Downtrend ( Bearish ) Structure: Breakdown | Harmonic (AB = CD) Observation: i. The Breakdown of the $1.17500 level mid last month followed by a rejection of this level last week insinuates a risk of further decline in the coming week(s). ii. As the selling pressure continues to accumulate around $1.17500 - chances of a Breakdown of $1.1700 (Key Level) become greater. iii. It is worthy to note that the rejection of $1.17500 is exactly at a 61.8% retracement of AB Leg with a better chance of forming the AB = CD pattern as stated below; iv. ABCD parameters; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 180 pips. Risk/Reward: 1:4 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURGBP Monthly/Weekly/Daily analysis 🦐EURGBP on the monthly chart found an extreme resistance around the 0.92 area. That level historically has always rejected the price bit could it make it this time? The market broke on June 2016 the discending monthly channel and start a new uptrending channel since then. Price moved in a range between 0.8350070.87000 and 0.92 since 2017. ON the daily chart the market after the sharp attempt to break the monthly resistance got rejected and retracing back. IF the price will hit the weekly resistance at the 0.618 fib level and give us a clear sign of inversion, we can set a nice long order according to our strategy. IF the market will break and close below at the retest of it we can expect a test of the lower support zone around 0.88600. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
14
BTC USDT | Trade Setup | Bearish Retest | .618 Fib Todays Analysis – BTC/USDT – low time frame analysis - establishing a bearish retest of local swing high. Points to consider: - Bullish Trend - Dynamic trend support + 200 EMA support - Bearish local swing high retest + .618 confluence BTC/USDT trading in an uptrend with trend support and 200 EMA acting as support. Price failing to establish an immediate higher high, rejected at the .618 Fibonacci retracement is indicative of a bearish retest of local swing high. A break and close below ‘no mans land’ validates a short trade with a technical target of daily support or consolidation above the zone validates a long trade into structural resistance. Overall, in my opinion, further price development will indicate the direction of the next impulse and validation of a long or short trade. Thank you for following my work! And as always, Focus on you, and the money will too!
BYBIT:BTCUSD.P
by Kudiiee
2
AUDNZD bounce over the 0.618 🦐After our last analysis on this pair we check what we expect next from AUDNZD pair. The price has been moving inside a descending channel. After breaking the resistance at 1.08300 price tested the support at 1.07800 and retest the upper structure. Recently the market created a spike till exactly the 0.618 fib level of the previous upper leg before going back over the daily structure. IF the price will break and close below the 1.07800 level we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
10