TL+Fake break +0.618 fibo +Engulfing candle line on daily
WHEN LOOKING AT THE FIB LEVELS AND THE RESISTANCE AND SUPPORT LEVELS AND STRUCTURE OF THIS PAIR I THINK IT WILL START GOING DOWN TO ABOUT 1.54600 AT %50 RETRACEMENT WHICH IS ALSO A STRONG SUPPORT LEVEL. IT MAY COME DOWN TO 1.53800 WHICH IS AT 0.618 FIB. THEN IT MAY SHOOT BACK UP TO 1.60900 LEVEL WHICH IS IN STRUCTURE AND MEETS A RESISTANCE LEVEL UPWARD. IT IS...
BRAsil > -com a forte queda do dolar , no dia de hoje ele andou dentro de um tunel , amanha certamente ele entrara em uma forte queda . o REAL esta muito valorizado sobre o dolar . esperamos que o indice suba pelo menos 300 PONTOS USA > -with the sharp decline of the dollar, the day he walked inside a tunnel, tomorrow he certainly entered into a sharp decline....
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
Evaluating the strength of the EUR against GBP, comparing this to GBP/USD, August seems to be a key month where we see the beginning of a trend occur following economic events such as a recession, eurozone crisis, eu referendum etc.. Following events yesterday, the GBP has significantly declined in value and i believe below are a few reasons that has resulted in...
GBPAUD seems like it cannot go past 0.618 daily retrace so a long now seems like a good idea with great RR. You could wait for channel break before going long and pay attention to the upcoming news.
Long EURUSD @1.1254, SL: 1.1230; TP1: 1.1320. Reason: 1.1220-1.1240 is an important structural support lever, and the 0.618 retrace level. Let's see!
GBPUSD has developed a falling wedge pattern so going long after it closes outside it looks like a great idea
GBPCHF has developed a falling wedge pattern and is now at a key area that could push price outside wedge triggering a big move up.
Price is rejecting from the bottom of the channel and 0.618 fibo so a long here looks like a good idea.
Taking a long trade on this level looks like a good idea, we have 0.618 retrace and support,also we are very close to the bottom of the channel.
It may be a good long trade opportunity as AUDUSD reached 0.618 retracement after breakout from double bottom.
Please see annotated chart for details.
Please see annotated chart for details.
Line 1 met 3 resistants before and now after a series of up and down the trend meets the resistant again and i believe that the trend will go lower again as previous happened Ps: Personal opinion , not a trading suggestion , trade your own risk, good luck.