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Retracement

EURCAD Retracement? 28.03.2023EURCAD has rallied today and moving fast upwards. Time for a retracement since the market today is slow. Its possible that it will fall further to the 61.8% Fibo retracement level. Alternative Scenario: Breaking the resistance 1.48100 it will mean that it might push the pair to reach the next resistance at 1.48330. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
1
AUDUSD Might Reverse? 28.03.2023Retail Sales m/m for Australia had a positive change today. That however alone cannot explain the upward and sudden move of AUDUSD. The price also crossed the 30-period MA while moving upward confirming a reversal. Retracement is probable as per the arrow. Alterative Scenario: 0.66930 is the resistance level that we thought it will be the end of the move. Breaking that level, the price might move to the next resistance which is 0.67000 __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Short
by Stuart_Cowell
1
XAUUSD Drop & Retrace? 27.03.2023Gold has been experiencing high volatility the past week. Overall has been gaining 8% change in value this month and has experiencing reversals in the process. Today we see a sharp drop after a reversal in price signaling the opportunity to catch a retracement after the end of the move. It might be soon but if the end of the move today is at the 100% Fibo level as depicted then traders can catch the retracement at least to 61.8% level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
OANDA:XAUUSDLong
by Stuart_Cowell
USOIL Retracement below 70? 24.03.2023 The Price of US Crude Oil has risen significantly the past few days. Sine the 20th March we see a rapid rise. Since the market signals the end of the sharp move a retracement is expected towards 68 USD. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
TVC:USOILShort
by Stuart_Cowell
1
USDJPY Might Retrace? 23.03.2023Since the USDJPY pair has moved below the 30 period MA there is a good chance for retracement. However there is a resistance that might cause trouble at 131 level. Finding evidence that this level has broken indeed, the pair is estimated to move upwards as indicated by the arrow towards the Fibo retracement level (61.8% of the move backwards). Alternative scenario: The pair breaks the 130.5 support level and moves further down towards 130. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Long
by Stuart_Cowell
2
EURUSD After Speech Retrace 08.03.2023EURUSD has fallen heavily yesterday, an obvious shock from the Federal Reserve Chairman Jerome Powell speech at 17:00 GMT+2 "Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated" Source: www.cnbc.com This gives rise to retracement opportunity. However, this has to be treated with caution since there is still room for the pair to further continue the downward path. News Today that might cause a distortion in the Fibo retracement analysis (GMT+2): - BOC Rate Statement for Canada at 17:00 __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Long
by Stuart_Cowell
1
Bear Will Growl AgainIt ain't over folks. I see so much hopium and happy nonsense every day here. It ain't getting any higher. Stop smoking weed and sit up straight! Fact: No bear has ever ended with VIX <40. Ain't been north of 36 yet. Fact: Y2K bubble ended on a 900+ day bear. This one looks a lot like it, and is not half done yet, only 420+ days into it. Fact: Inflation remains unchecked after hiking rates nine times. Fact: PEs are lower and outlook has been cloudy at best. SPX at 4K PE is 21+ >> historic mean 16; median 15; stonks is overvalued and ERs point to contracting not growing. Real simple math: 21-16 = 5/15 => 30% discount coming. 4K*(-0.30) = (-1.2k) SPX is going to 3K, target 2800-3200. Fact: We are in QT NOT QE. Cost of making things, doing things, living is HIGHER and not going lower. Everything else is foolish hopium. Hopium: Tesla is going back to the Moon!! The silly euphoria returning to tech darlings is another warning sign. LOL Look at the retracements. Market stands at 50% retrace, and Tesla has got back to 50% of $400. Ripe for a short IMO. All is ready for the final massive dump into the crapper. If you don't 'feel comfy' selling short then GTFO and get in cash. GLTA, ur gonna need it.
TVC:SPX
by DaddySawbucks
13
NASDAQ Fibo Retracement? 06.03.2023The Index has been moving rapidly upwards and over the MA50. This is an indication of Trend reversal and it will possibly move upwards in the medium-run. However, it is estimated to move as previously within a channel. That is why it is expected that it will first return to the mean. Retracement to the 61.8% of the total move is shown with the second green arrow. It is important that for the retracement to take place, the price breaks all indicated support levels. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
CME_MINI:NQ1!Short
by Stuart_Cowell
🔥TYPES OF FIBONACCI TOOLS🔥 There are several types of Fibonacci tools that are commonly used in technical analysis, including: 📊FIBONACCI RETRACEMENT Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. 📊FIBONACCI EXTENCION Fibonacci extensions don't have a formula. When the indicator is applied to a chart, the trader chooses three points. The first point chosen is the start of a move, the second point is the end of a move and the third point is the end of the retracement against that move. The extensions then help project where the price could go next. Once the three points are chosen, the lines are drawn at percentages of that move.Extensions are drawn on a chart, marking price levels of possible importance. These levels are based on Fibonacci ratios (as percentages) and the size of the price move the indicator is being applied to. 📊FIBONACCI PROJECTION Fibonacci projections are mainly used to get the possible target levels of an ongoing uptrend or downtrend. It is drawn by joining three points unlike Fibonacci Retracement which has just two points- by joining the lowest and the highest points of a pre-defined.In order to draw the Fibonacci projections for an asset in an uptrend, we need 3 points: 👉Swing Low - that is the point from which the actual trend started. 👉Swing High - the point at which price started to retrace. 👉Low of the ongoing price correction. Fibonacci projections provide potential good levels to book profits. The important Fibonacci projections levels to watch out for are 61.8%, 100%, 161.8%, 200%, and 261.8%. 📊FIBONACCI EXPANSION(SIMILAR TO PROJECTION) Essentially, Fibonacci expansions allow us to project how far a potential price move is likely to travel. This price move is typically considered an impulsive price move, in the context of Elliott wave. That is to say that it will typically follow a corrective phase and thus form a new trend leg in the direction of the larger trend.In that way it is very different compared to Fibonacci retracements. Unlike Fibonacci retracements which measure an internal retracement against a larger trend leg, a Fibonacci expansion measures an external price leg. CONCLUSION It's important to note that the use of Fibonacci tools in trading is just one aspect of technical analysis and should not be used in isolation. I myself use Fibonacci regularly but I also combine them with technical key levels and with the price action patterns on top of that. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
15
SPX 4hr Watch for bottom around 3880-3850Price is attempting a retest of the white 2022 trend line. There’s a confluence of the trend line, the green parallel channel, and price level 3880. 3880 is a level I’m watching due to similarities between now and 2011 which turned out to be a fake crash year. That idea is linked as a related idea below. The confluence occurs on Friday of this coming week. 3850 is the point of control of the recent range where many relieved shorts will be looking to get out at break even. The confluence and this range constitute strong support but a weekly close below them would be a pretty bad look.
SP:SPXLong
by Skipper86
1
GBPUSD - ShortGU is following the flow, being a bit more resilient thant euro, but still, it's beeing hit pretty hard by dollar strenght. But, this trade could be taken just looking at TA, I entered it last thursday night after the wick that came to retest the 50% Fib level and the trendline, but, I still believe an entry could be made on the last daily candle. For those working on smaller TF, just look for retracement, break and retest, make sure you gat a 2:1 RR at least and go! Like every trade, it might not make it but hey, if you're being consistent on your entries rules then, probabilities will fall in your favor with time. I think this trade is falling into my requirements. Why am I shorting GU : 1) Strong selling pressure on GBP/strong buying pressure on USD 2) GBP made a strong downward movement, 3) it retraced to 50% FIB 4) it broke and retested the trendline it was in since last october. 5) my TP is above next support @ 1800ish + level Let's keep on riding this one! Cheers and safe trading! Leave your comments!
Short
by aemerydufoug
AUDUSD Retracement? 15.02.2023Looking for the quick retracement today. The dollar appreciated greatly this morning. The news yesterday regarding the CPI have an impact even for today. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
Long
by Stuart_Cowell