FIRST OF ALL: This is a pre fed setup, which means that it may easily get invalidated, with certainty the gold will go crazy with the speculation, so this may be just an educational setup.
1. The previous channel was broken to the downside, not without us taking 1750 pips first, of course (See previous Gold ...
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 ...
The Nikkei has a potential Ideal Gartley formation, it's still early to tell, but if it gets there there is a huge opportunity to short the japanese index
If you don't know how to operate correctly this type of patterns it's better to stay out
For targets: divide the position in three parts, then you can trail ...
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 ...
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 ...
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 ...
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
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, ...
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 ...
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 ...
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, ...
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% ...
The price of the AUDJPY has gone upwards reaching a major point of resistance, where we can be looking at a short opportunity
The area has been tested around six times, so it has a huge psychological value
We recommend not to shoot for extension targets, just retracement targets because an extension target would ...
We are looking at the GBPJPY approaching a major level of structure (Resistance) in confluence with a major fibonacci level (The 61.8). We will be waiting for the price to show reversal proce patterns, not likely to enter aggressive in this trade,
Of course if it breaks above the resistance, we'll start to look ...
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 ...
We are looking to short the market @ 1.11600. for three reasons:
1) Cluster of long and short term fibonacci retracement and expansion
2) The completion of the AB=CD harmonic move
3) all of thi in confluence with a major structure resistance
Remember guys: eyes on your mind, not on the trade.
After the Brexit news all the pairs are consolidating after a huge move, we are looking at a potential channel forming up for some time, in this case we have a structure based opportunity, if the price continues its move to the down side into the major support around @0.69835
If it does comes down, we will be ...