NZDUSD price action longClear 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.
Fibo
DAX 2nd Fibo Arc ProjectionAn 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 Match the Circle with the orange dots and the yellow lines drawn in as support zones.
XAU/USD: 3600 PIPS OF POTENTIAL PROFITAs 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
Dax FiboArc TradingScale 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. Sometimes the circle is hit, sometimes the Fibo-Retracement.
In the short term we should be Long but once we reach the next Fibo-Arc it might be hard to have a quick recovery. Shall we break out of the circle more rapidly then this could be a short signal.
SL is the recent low. If we cross this then this is would be a bad sign as well.
Trade 1 <> 100 Trades Challenge <> only 4hHi 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
GBP/JPY: structure and fib confluenceAs 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 !
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