Cortesteam
XAU/USD: RANGE BREAKOUT - 1600 POTENTIAL PIPSAfter 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 some selling bias
In this case be aggressive with the breakeven, we don't want to be part of an exhaustion climax at the support
GBP/USD: HOPPING ON THE TREND WITH PRICE ACTIONThe 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 paid"
CortesTeam
Twitter: twitter.com
XAU/USD: 1730 PIP CHANNEL.. TAKE YOUR PICKWe 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 Focused*"
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GER30: Finally out of the consolidation...short itThe 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 great weekend !
:)
XAU/USD: JUMP ON THE TREND WITH FIBONACCIHey 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 !
Enjoy the rest of the week !
:)
USD/JPY: MAJOR STRUCTURE ON THE SPOTLIGHTAs 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
gbp/usd: 2 ways we can attack the marketAfter 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 level of structure
XAU/USD: Closing into a major support !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, not on your trade
Thanks
CortesTeam
Trend Continuation Trade - Oportunidad de venta con la tendenciaOpportunity 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 Brexit !!!