Clear potential for longs here. We got nice fibo levels, outsidebar, MA150 which proved to be effective in May, trendline and nice support zone(also harmonics signal which I ignore but anyways, it's a fun addition). There are also few trouble areas to keep in mind(light blue boxes). Initial SL right under outside bar low - to be adjusted in the future.
From 4h chart clear up swing with large candles. Retracement at 0.789 Fibo level, where there is also a support in the 1.08500-1.08550 area. BUY LIMIT: 1.08581 S/L: 1.08160 T/P 1: 1.09006 (50% retracement) T/P 2: 1.09572
BUY: 0,75090 S/L: 0,74330 T/P 1: 0.5 Fibo level T/P 2: 4h Resistence T/P 3: Monthly Resistence
SHORT EURAUD TARGET FIBO LEVEL 0.618
We have seen an incredible impulse up last session which has every chance to continue its move this week. Buy the breakout of the current pennant.
FIB 0.618 @ 0.85752 LIBRA PATTERN @ 0.85837-0.86269 Watch for the Price Action and zoom in to lower time frame to find short patterns and candles. good luck.
An update on the swing projection of the DAX. The price target has been reduced a bit between 11.100 and 11.300. The recent concentration of price might have been the 0.23 fibo level. If the consolidation takes places for a longer time like the red line shows then the price target would be the same but be hit later. Price should not fall below 10.400. Notice ...
As the price goes down XAUUSD we expect a reversal @1310.00 in the Potential Reversal Zone we have: Major Structure support Confluence with a 0.382 fib level Confluence with a 1.618 extension In other words, looking to get long with the gold ! With this instrument be mindful of your risk "Eyes on your mind, not on your trade" Cortes Team Thanks
Im buying EUR/GBP from this demand level. There is also a Fibonacci level within the zone
Scale your view so that the orange circles intersect with the orange nodes (peak) and with the blue circles. You will notice the arcs act as a support for the waves. I want to show my approach on how I look at declines after a rally. You can notice a resistance at those arcs. In this case, often the 4th down-move does break the circle towards the next one....
Hi guys i am starting a challenge where i will do 100 trades and see what my win trade is after the 100 trades. You can follow if you want. First trade is a head and shoulder + strong trend line and a bigger pullback to the 0.618 & 0.5 levels. Still waiting to short keep you guys updated Current trades : 0 Current winrate : 0
This is my first attempt in using Fibo Retracements and Arcs to project a future trend target. This is experimental. The Fibo arc must intersect with the two orange nodes, this is due to the nature of it's implementation as it does not scale with the chart.