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382 Fibonacci Retracement

USDCAD breaking a daily structure 🦐The market carry on his down move after hitting few times the 0.382 fib retracement. Yesterday the price broke below the daily structure and today looking for a retest. According with our strategy we can set a nice short order. ––––– 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
2
GBP/CHF Longing for PipsGood day, snipers. Here in the GBP/CHF, we previously broke through a minor area of resistance and now turned it as support and is also the 38.2 Fib level. With these three combined, I am looking for a bullish signal then that bulls have stepped into the market in order to achieve a confirmation and a better risk : reward ratio Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree
BATBTC | Breakout | S/R Flip | Support Confluence | Trade Setup Todays analysis – BATBTC – Retracing from a multi-month triangle formation breakout (as explored in previous BATBTC analysis - link down below) Points to consider: - S/R flip retest - Support confluence - 21 EMA visual guide - Oscillators over-extended - RSI bearish divergence - Declining Volume BATBTC needs to hold the probable S/R flip retest at structural support to establish a higher low, validating a long trade. However, trend continuation at this level will negate the thesis. Price needs to respect structural support (in confluence with .382 Fibonacci retracement) indicating a probable trend continuation, forming bullish bias in the market. Trend continuation upon price testing the 21 EMA will support the bullish bias, allowing the EMA to act as a visual guide. Both the RSI and stochastics cooling off from overbought conditions, a retrace to structural resistance will allow the oscillators to cool off. Furthermore, a technical bearish divergence on the RSI affirms weakness in the immediate market. An increase in volume will be key as price tests support levels to avoid any false breaks. Overall, in my opinion, BATUSDT has strong support confluence giving it a greater probability of breaking bullish, however, support re-test is needed for a valid long trade. What are your thoughts? Let me know in the comments below! And if you’ve read this far - thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by CryptoInsider009
VETUSDT | Double Top | S/R Flip | Volume Climax Todays Analysis – VETUSDT – Ranging within support and resistance Points to consider: - Weekly resistance - S/R Flip - .382 Fibonacci Retracement - 21 EMA (visual guide) - Volume Climax - Oscillators Neutral VETUSDT is consolidating within structural support and double top resistance after putting in a successful S/R flip re-test. A long trade will be validated upon body candle closes above weekly resistance or a short trade upon body candle closes below structural support. The .382 Fibonacci retracement acting as support in confluence with structural support needs to hold for a bullish continuation. Price action respecting the 21 EMA as it breaks in either direction will act as a visual guide, assisting in trade management. VeChains recent volume climax as it broke above resistance levels is indicative of buyer exhaustion as price balances supply and demand. The current volume is below average, a sustained increase in volume will allow for decisive price action in either direction avoiding any false breaks. Oscillators are neutral, further price development will allow for directional bias. Overall, in my opinion, further price development is needed and a break in either direction supported by volume validates a trade. What are your thoughts? If you’ve read this far, I’d like to thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
by CryptoInsider009
Gold will come down to Get in !!!Hi James and Joe! Looking at the weekly Gold chart, you can see a big ascending channel has been forming on Gold. This shows gold is currently now in the uptrend in the big timeframe like weekly or monthly. However, in a smaller timeframe such as the daily chart, it shows gold is now in a small descending channel. Moreover, you can see 3 more bearish signs in daily timeframe including: 1. The price is currently below 21 Daily EMA (blue line). 2. MACD is moving to the negative side. 3. RSI still builds lower high and lower low. Therefore, this is the opportunity to wait for the price to come down in order to get in my friends. The price is more likely to come down around 1445 -1450 which is Fibonacci 0.382 level and is also 21 weekly EMA (blue line). ***** THIS INFORMATION IS MY IDEA AND IS NOT RECOMMENDATION TO BUY OR SELL. IT IS TO BE USED FOR EDUCATIONAL PURPOSES ONLY. ******
OANDA:XAUUSDShort
by SusuTrader