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Fibonacci Confluence

#EURUSD Positioning For Huge Rally - Top Down Weekly AnalysisHi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on multiple time frame for accurate entry, stop and exits. Please like, follow and share if you find value in this analysis video.
Long
by vikinsa
How To Plan Plan A Trade With Fibonacci Ratio ConfluenceHi Traders, In this video we will look at How To Plan Plan A Trade With Fibonacci Ratio Confluence. Fibonacci ratios are most powerful tools with they are used in right manner. We can use them in all sorts of market conditions and asset classes. Fibonacci confluence creates harmonic patterns and gives us very good reward risk ratio. The best thing is the possibility to pre-plan and quantify a trade with high accuracy. Please feel free to comment or ask questions. Hit the like button if you found value in this post. Thanks! :)
Education
by vikinsa
Trading Consolidation Profitably In Forex Markets With FibonacciTrading Consolidation Profitably In Forex Markets With Fibonacci and Harmonic Patterns (A Fibonacci Confluence Tutorial) Hi Traders, In this videos we look at how to trade consolidation periods profitable using fibonacci and harmonic patterns. Apart from using support and resistance, trend lines and channels, we can use the power of fibonacci ratios. Best thing about fibonacci ratios is that we can pre-define targets or make a fairly accurate prediction about market's move. We can can quantify trades in advance. Fibonacci is one the main tools that I use in my confluence trading. Fibonacci is the first tool that pick to start my analysis. Feel free to post your comments or ask questions. Sorry I ran out of time so I will create another part. If you find this useful please Give it a like and share with fellow traders. Like, Share and Comment. Thanks
Education
by vikinsa
USDJPY A 200PIP Bull Opportunity Awaits If This HappensUSDJPY A Bull Opportunity Awaits If This Happens: 1. USDJPY is trying to break this trend line on weekly time frame. It can be a little hard because it coincides with 1.618 Fib extension and 200SMA. 2. However if this breaks , we are looking at 2.618 Fib extension confluence with 0.886 level as the next level. That can give us a good opportunity to go long 3. But first the trend line must get broken and retested for a confirmation.
Long
by vikinsa
YEEHAW, WE STRUCK... GOLD! (XAU)Hello friends, traders, everyone. In our last analysis we attempted to get a better handle on this, and Fibonacci helped us figure this one out. Fortunately for the bulls, GOLD has apparently been waiting for an opportunity, because that breakout was violent! Overall, I am happy with the way the last trade played out, bulls should take some profits here as we approach resistance above. I'm not sure exactly what is going to happen next, but it would seem that we will go for the 127% extension. Gold seems to be quite reactive to fibonacci, I will keep trying to minimize chart clutter but so often the combination of fib tools provide the most interesting insight. For the first time, I am going to put a target on Gold of $1375. The reason for this is the measurement of the last impulse wave, had a textbook 62% retrace, now probably it will seek the 127%. Probably it can go higher, but I don't want to play with that. I won't text wall you guys, I ran like 9 miles today and I am too sleepy to write an essay.... But as always.... GOOD LUCK TRADERS Previous analysis:
OANDA:XAUUSDLong
by vox-populi
USDCAD Support Confluence Zone, Possible Long Set UpUSDCAD has fallen sharply today but we could see some support come in around this level at 1.133200. This level its self has provided some good support / resistance in the past. We also have the 61.8% Fibonacci retracement level of the rally from the 3rd of April low and the 78.6% Fibonacci retracement of the rally from the 19th to the 28th of March. The S2 daily pivot point level also coincides with this zone which is marked on the chart by the blue rectangle. Stochastic is over sold, we have yet to see a bullish crossover but it is turning up indicating momentum is shifting to the upside. Possible long trade set up, risk to reward 5.3:1 Entry 1.33200 Stop 1.33050 Target 1.34000
Long
by Trend_Analyst
GBP/NZDGN is at overlapping trend fibs, pitchfork, and at a spot in the pattern where it could make a "C" wave to break the trend line. It is over extended and showing divergence on all time frames, on TDI and bollinger bands except for the monthly. It is possible that it did complete a contracted flat pattern and is on its way up considering how this wave looks though. But considering where the trend line is, I think there may be a very nice sell coming. It could even extend up to that larger 1.236 and still come back down, but it may be ready now. Good risk to reward. It is extended way out of the bollinger bands on weekly, with a candle extending above the 200MA. Just keep in mind Gbp/Nzd is an unruly beast. LOL.
Short
by thillygoosth
Whoa.... Look at Gold on the MonthlySee that bottom Bollinger Band?... Where it meets the Ichimoku Cloud? I only throw on indicators like that when I get feeling froggy. But considering the overlapping fibs, I expect XAU/USD to react when it hits that band. It may not reverse, but I would think it would at least need to consolidate in order to turn it down. I talked about the pattern I think it is gonna make it today's live stream on youtube- link below. I can't just say to buy it and go for the gusto, but as I scalp it, I will keep in the back of my mind the possibilities and leave some to run when I have the right position. Can price turn the band down? Can you get Monthly candle wicks?... Absolutely, but I will look for price to react and will at least get me a nice buy scalp I bet...
FX:XAUUSD
by thillygoosth
$IOTA BTC - quick and simple 5th wave 25% gainHey guys, I normally post trades that are at least 1:5 risk/reward ratio but being that this is such a sure shot, I figured why not. There are a number of signals in the smaller time frames that say IOTA is done with its third wave. Among them is an ending diagonal fifth wave of a third wave, so for sure our third wave is done. With that said, we can look for a correction here to either the .382 or .5 retracement. This happens to be a confluence with the 200MA on this 4H chart. Normally when you get a fib zone right at an MA, you can bet your pants we’re gonna dance. There are 2 stops you can take. One would be 500 satoshis below the MA which I feel is risky since the correction can go all the way down to 20688. A safer stop would be below that at roughly 20500. This trade is unlike my other trades in the sense that you don’t have to wait forever for it to materialize. You get in, get out, pocket the profits, and go buy your family a nice dinner. Wham bam, thank you mam. Don’t get fresh and try to HODL beyond 28500 you dare devil you. Entries between 0.000232 and 0.000223 Stop: 0.000205 Target: 0.000283 I’ll be updating this as we go and if market condition dictates, we might have to close the trade early or take less profit and let the rest ride. Please don’t forget to like or comment as it always helps to get feedback from you. As always, good luck and stay safe! Kinashi-San *The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Long
by Kinashi_San
2
GBP/CHF- Fun with charts....Ok...... So I spent some more time to go over gchf since it has extended. I would like to point out that it did a W-X-Y double combo pattern in the form of 7 swings. For this pattern you would expect equal length to 1.236 extension. Hit 1.236 today, along with the .764, which would also be conducive with a continuing pattern which would need to come down to most likely that .618(longer .618 line) Keep in mind GU hit the high also. It also lines up (roughly) with about equal time span of each pattern within the combo. These pitchforks are not necessarily drawn how anyone else would draw them, but take a minute to really look at the medians (red lines) and how price follows them...... Anyways strong level. I've looked sells lower down looking for a different pattern, or at least a sharp 3 wave this move, but all it did is keep extending, right to the fib extension. The issue is as of right now we have no reversal pattern or ending diagonal, plus Gchf could go into a large sideways consolidation (which would still probably produce a nice sell). We might even get a zone bounce (see horizontal green lines). The daily TDI WAY over extended. So is the weekly. Just please keep in mind this is not a 5 min chart... That is the daily..... We have nothing but a 4hr pin bar right now. There are different ways to go about attempting this trade and not put yourself at too much risk. If you want to learn about price action along with this stuff then subscribe and watch my you tube channel. I did a live trading session earlier, I go over a lot of charts... (it's free guys)...
Short
by thillygoosth
Ethereum at Fibonacci 0.236% dangerous point Still short to 443 Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC) ! ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:ETHUSDShort
by Rich_Exclusive_Trading
Bitcoin to 13200$!!! are we in wave 5 ;) while everyone is banking on bitcoin to go down, I on the other hand believe that there is a strong possibility we will go to 13200$ before we continue our down trend. This is purely based on Elliott wave theory with Fibonacci and not factoring in other technicals, moving averages or news . Target 1: 10,800 $ (pink number 1) strong Fibonacci confluence target 2: 12,200 $ (pink number 3) target 3: 13,200 $ (pink number 5) strong Fibonacci confluence
BITFINEX:BTCUSD
by teddypuppybear
2