USDCHF 0.618 retracement and a bullish butterfly right hereFirst of all, no intention to chase the slump as it's 2 bullish combination right now right here.
While still, it broke the structure for the week , so pretty much we got some contradiction between these views.
When it comes to contradiction among different tools, choosing to stay flat is always a good idea.
But if I have to choose one side, I'll still pay more attention to this long-waited spot to long.
The plan is to wait for hourly reversal sign as a confirmation entry, if there isn't any reversal sign and broke 0.9950, then this trade will be cancelled.
Let's see how it goes!
(There is also an exactly same set-up for CVS today in my related ideas yo)
618 Fibonacci Retracement
NZDUSD Forecast: Potential Head and Shoulders Formation With this pair we have recently seen a failure to create a higher high past 0.6970, followed by a daily chart tweezer top rejection of weekly resistance 0.6900. Consequently this pair has seen a massive sell-off back down into monthly support in and around 0.6700. We are now finally starting to see a slow-down of momentum for a potential correction back into the 0.6850 region at our favored fibonacci levels in alignment with a potential right shoulder. A rejection of this level could lead us swiftly back down into our neckline/monthly support. A break of this neckline for a swift sell-off into our fibonacci extension target 0.6585 which is in nice alignment with our previous higher low. Trade safely! Cheers.
TDOC - 618 Fib Retracement Entry on MACD Cross-over on weekly chTeledoc medical billing is crossing over the weekly MACD after recent drop. Entry point just over $63 on 618 Fibonacci Retracement.
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NGAS a daily 0.618 and demand zone combination!NGAS just broke its triangle consolidation to the downside, and the selling pressure is just huge!
Here we got a very important spot at around 3.500-3.540,which is a daily 0.618 and demand zone combination trade!
Still, the selling pressure here still worth attention, so a nice reversal sign is crucial for this trade!
Let's see how it goes yo!
AUDUSD inside day breakout at 0.618, with a 4hr demand entry!Here we got a multiple conviction trade!
Aussie hit its daily 0.618 spot and broke the inside day to the upside just now,
which makes me interested in taking some long trades today!
As I missed the inside day breakout, I'll turn to this 4hr pullback long trade!
Let's see how it goes!