I Like this one and it think it has huge potential to move upwards
I'm Going long on this even though not sure how it would react to the upcoming bitcoin flash crash(if it happens that is)
After a relentless downward move, we see now nome kind of a pullback or pause in the trend.
There is still space to go down, for there is a magnet support at 4H timeframe (Blue line)
To confirm that the trend has resume, we need to see a strong breakout, and execute within the plan rules.
As you can see the price already broke the counter trend line giving us...
The cable is making harmonic trend moves to the upside, respecting the channel, son now it is time to start surfing the next wave.
At the zone we have a major level of fibonacci,
a H4 support
a potential oversold scenario
and the cherry: lower band of the ascending channel
"You control how you trade, the market controls how and when you'll get...
We are looking at a nice channel on the Gold, already going to test the upper band, by the looks of the price action there is a big chance we are starting to consolidate for a while, that means channel and structure traders are in for a treat.
The upper band has a major fibonacci level (0.618) and resistance.
Remember stay "*Market Focused, Not Self...
The DAX has broken the lower line of the consolidation channel, that is the bearish bias we were waiting for, so to jump on the bigger move downwards, we are waiting on an imminent opportunity at the @10560 level of major resistance, also we have equidistant harmonic retracement.
Hoping to see some kind of rejection at that level complemented with RSI
Have a...
Hey traders,
We are expecting for the retracement to go up till it reaches the PRZ at a minimum of @1180.00, where we have a major fibonacci level (0.618)
we also have a nice and clear resistance @1182.5
This zone presents a decent entry with the trend assuming it follows along with the descending channel,
Remember de Gols is a "Big Mover" so mind your risk...
The XAUUSD finally reached its previous point of structure, plus we have to fibonacci levels linig up on the PRZ.
Also, we have a RSI over bought adding up the odds in favor
Eyes on your mind, not on your trade
Cortes Team
As USDJPY goes downwards, found support around @100.900, retested six times in the last
days, so it has become a major level of structure,
Right now waiting for a better price to enter in a long position
Optional targets may be the previous structure high
Remember Traders "Eyes on your mind, not on your trade"
Thanks
CortesTeam
After the brexit, the GBPUSD has been consolidating, trading sideways, that is a great scenario to trade between the structures, in this case in particular we have a 115 pips wide range where we can either buy at @1.2968 or sell at @1.3084.
Depends on which gets filled first
The best opportunity for us is the short one, because it has a significantly major...
After a dive of the past two weeks finally we are approaching an important level of structure
this support is in confluence with a minor fibonacci (0.50%)
In the higher time frames this could be seen as a Trend Continuation Trade, but for us, we just want to chunk some pips out of this leviathan that is why 61.8% is target 2
Remember guys: Eyes on your mind,...
Opportunity to hop on the recent downtrend , we have a retest at previous structure resistance in confluence with a 61.8 fibonacci level, also the price has tested 4 times the minor resistance .
Oportunidad para seguir con la tendencia, testeó y respeto la estructura previa y está consolidado, tenemos también un fibonacci alineado de 61.8
Careful with the...
