SUGAR, H4, LongPrice created very good imbalances, so I will wait when it will end and then will look to price retracement to FIBO 61.8 to go long.
618 Fibonacci Retracement
USDJPY Planning to shortSpotted a nice bullish trend in USDJPY lasting for about a month and 9days (07/11/16 to 15/12/16)
and now it seems to be having some retracement.
So I setup my ranging market setup again but I'm looking to go short at
Entry:116.958 (Stop-loss:118.624)
if it isn't too late but if price levels has passed that level or doesn't touch again the I may enter a
Entry:115.292 (Stop-loss116.958)
with profit targets at the 618 retracement level (Profit Target:111.960)
So from there we shall see if it continues to go bullish to enter a Long position or I'll trade the ranging setup if it starts ranging.
UK GLAXOSMITHKLINE, H4, LongPrice remove last 'peak' from left up moves and creating new wave up. I will wait on potential retracemnet arount to FIBO 61.8.
EURNZD SHORT AND THEN LONG SET UPWHEN LOOKING AT THE FIB LEVELS AND THE RESISTANCE AND SUPPORT LEVELS AND STRUCTURE OF THIS PAIR I THINK IT WILL START GOING DOWN TO ABOUT 1.54600 AT %50 RETRACEMENT WHICH IS ALSO A STRONG SUPPORT LEVEL. IT MAY COME DOWN TO 1.53800 WHICH IS AT 0.618 FIB. THEN IT MAY SHOOT BACK UP TO 1.60900 LEVEL WHICH IS IN STRUCTURE AND MEETS A RESISTANCE LEVEL UPWARD. IT IS ALSO WITHIN 0.50- 0.618 LEVEL OF THE BIGGER DOWN MOVE THAT HAPPENED BEFORE.
MINI DOLAR , E DOLAR FULL BRAsil > -com a forte queda do dolar , no dia de hoje ele andou dentro de um tunel , amanha certamente ele entrara em uma forte queda . o REAL esta muito valorizado sobre o dolar . esperamos que o indice suba pelo menos 300 PONTOS
USA > -with the sharp decline of the dollar, the day he walked inside a tunnel, tomorrow he certainly entered into a sharp decline. REAL this highly valued on the dollar. we expect the index to rise at least 300 POINTS
AUD/CAD: APPROACHING A POTENTIAL REVERSAL ZONEFX:AUDCAD is currently in a symmetrical triangle, if the price breaks out to the upside, we are looking to short once it gets to the reversal zone, there we have a 618 fibonacci retracement plus a 1.272 extension in confluence with a very nice Supply/Demand Structure Point.
Remember: Eyes on your mind not on your trade
CORTES TEAM
EUR/GBP - POST REFERENDUMEvaluating the strength of the EUR against GBP, comparing this to GBP/USD, August seems to be a key month where we see the beginning of a trend occur following economic events such as a recession, eurozone crisis, eu referendum etc..
Following events yesterday, the GBP has significantly declined in value and i believe below are a few reasons that has resulted in the decline of the pound and could see it decline further:
1) Foreign Direct Investment - with high levels of volatility and uncertainty, with the threat of now entering a recession, the levels of FDI will decline.
2) Immigration - migrants from the EU have grew the workforce by 0.5% in the past 12 months, helping to achieve growth in the economy, something the UK economy will now lose access to through the free movement of labour.
3) Housing Market - we could see a fall now in house prices, again foreign investors will be reluctant to invest in property when they are uncertain of the future economic effects the EU referendum could have on the country.
From the reasons above i suspect a huge decline in the value of the pound. From this, i expect the value of the EUR against the GBP to increase to the projected value of around 0.87834 which are 2013 highs. At the moment we are testing the 61.8% fibonnaci retracement level of 0.80996, once we break through this i expect a strong move towards upwards.
Let me know what you think in the comments below.
LONG GBPAUD TRADE ON H4GBPAUD seems like it cannot go past 0.618 daily retrace so a long now seems like a good idea with great RR. You could wait for channel break before going long and pay attention to the upcoming news.
EURUSD Hit SupportLong EURUSD @1.1254,
SL: 1.1230;
TP1: 1.1320.
Reason: 1.1220-1.1240 is an important structural support lever, and the 0.618 retrace level.
Let's see!
GBPUSD FALLING WEDGE ON H1GBPUSD has developed a falling wedge pattern so going long after it closes outside it looks like a great idea
GBPCHF FALLING WEDGE ON H1GBPCHF has developed a falling wedge pattern and is now at a key area that could push price outside wedge triggering a big move up.
USDCHF LONG TRADE ON H4Price is rejecting from the bottom of the channel and 0.618 fibo so a long here looks like a good idea.
USD CAD LONG TRADE ON H4Taking a long trade on this level looks like a good idea, we have 0.618 retrace and support,also we are very close to the bottom of the channel.
2.618 setup on AUDUSD 4HIt may be a good long trade opportunity as AUDUSD reached 0.618 retracement after breakout from double bottom.
SIMPLE IS EVERYTHING - AUDUSD Short Opportunity Line 1 met 3 resistants before and now after a series of up and down the trend meets the resistant again and i believe that the trend will go lower again as previous happened
Ps: Personal opinion , not a trading suggestion , trade your own risk, good luck.
