After a long period of bullish sentiment on the GER30 we are now experiencing some bearish re-tracement. By using a 4H order-block and the 61.8% level we will be looking to enter in some longs!!
I've been watching this pair for the last week or so, following a simple set up of a bear-flag/pennant formation with a profit target of a 127 ext or a simple 1:1 ratio (trailing stop to reduce risk). This strategy yeilded 70 pips this morning alone for a decent profit and I believe there is still plenty of downside. The key here is to trade WITH the trend...
As we go down making lower lows, the price is getting close to a very nice point of confluence at @134.000 even handle At this point we have the following: 61,8% fib retracement 1,272% fib extension Structure alignment: support We think we might get filled in this trade next week Remember Eyes on your mind, not on your trade Cortes Team Thanks !
Triangle break and Channel break. Shorting to the 1.272 Extension.Second entry oppurtunity if retrace to .786 , .618, or 0.50. Stop loss behind 0.50 retracement. Take profit just before the 1.272 extension. New Lower Low
3 different fibbonacci levels overlapping on the exact same level with a whole number right above
Fib extension confluence along with structural resistance
wait for confirmation when price closes below monthly support 112.000 and dual stochRSI reversal short side.
FX: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
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...
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HOPEFULLY THIS HELPS YOU GUYS! REMEMBER TO HIT THAT LIKE BUTTON! GIVE US A FOLLOW AND ASK ANY QUESTIONS IF NEEDED! THANKS TOM
Looking on the hourly chart, we see an area of interest around the 73 even handle. It sure will be interesting to see how price behaves around this level after the market opens on Sunday night. If price continues it's march downward, a double bottom with some RSI divergence would lend quite a strong signal that it is now time to get long. A number of different...
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BUY FX:GBPCAD Counter Trend Line Break Bullish Engulfing Candle Stick Formation/Bullish Bias Support @1.9000 is holding/ Price broke above Previous Strong Resistance in March 2016 Price is above UP Trend line 4H StochRSI is OVERSOLD and GOING UP Buy @ Market Price\ Stop Loss 10 Pip below Las Low Price Target 1.27 Fib Level of last bullish AB Boundery
Nice "Evening star" pattern formed on the Monthly resistance, in line with FIB 61.8 made lower high. As the rule of the trend we're about to see new lower low which I'm expecting to be at 1.42250 (confluence with weekly support and -0.27 FIB). Entering on the bearish close below the CTL on 4H.
First off, I Apologize for the cluttered chart. If I find a better way to represent the data I will do so in the future. Also, there is a lot of info on this char so you may have to zoom in and move around to soak it all in. It is looking like XAUUSD has a sequential cup and handle patterns happening. It also looks to be continuing this pattern in a Matryoshka...