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Fibo

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.
FX:GER30Long
by McDev
EURGBP awaiting the BREXIT results (Weekly) PART2On the Weekly we can see the strong bearish bias with the large red candles all over the place. After the price has formed Bearish Engulfing on the 61.8% FIB it then made LH and came all the way down to the Monthly support level. Was a false breakout of the support when the price came back to retest the prior LH. The level 0.79370 is a very strong resistance as we can see that the price couldn't break it and close above. We can see the strength by all those spikes price made every time approaching the level. This time it made very nice Shooting Star out of this level and fall back down to Monthly support area where it is struggling right now. We can see that the EMAs crossed up however the price is still below the 200MA. As I've said in the PART1 (you can find on my page) we're heading down after bouncing back into the channel and off the FIB level unless we will break the channel, retest and continue to go up changing by this the existing trend. Thanks for taking your time to read all of this) I wish you all profitable trading
by Houdini
EURUSD - Strucuture Trading+++ Don't forget to LIKE & Follow+++Here are my thoughts about EURUSD on 4H. Price failed to make a higher high higher close above previous minor structure(red line) and if you drop 1 time frame lower you will see a Double Top with RSI being OB on the right Top + bearish divergence - nice trading opportunity for shorting EURUSD. If price goes higher you can take the opportunity for hopping on the bearish move. If you look left price made a NSH - this NSH confirmed a bullish rotation in price on 4H, so currently I'm looking where I can go long. There is equal measured move(orange lines) that is completing right at previous zone(look where is NSL). There is 1.618 Fibo Extension too - that is almost perfectly aligned with the measured move. I will be waiting for RSI to go in oversold condition and then I'll be looking for entry reasons based on my trading plan. You can wait for a Double Bottom with stops below structure level(NSL) and target previous minor structure. Good Luck! If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
GBPAUD is going down :D... I hope...GBPAUD well, there is not much to say, in 15m just broke a nice resistance, it seems that will make a nice shoulder-head-shoulder, also seems like the 1h and 15m 5th elliot wave, and the end of a 4th wave on 4h. It coudn't suppas the fibbo resistance. And well, in the lv2 there are like the HELL of a lot of selling positions right above that is scaring the price away... Squezze is starting to fall, we have a short aceleration... What else we can ask? Maybe that MA 50 that is like saying "hey dont trusth this dud, go long" but... Naaa, who really cares about that silly MA... (Put some tight stops...) put stops around 1.9913... Or something like that, remember your spread. Remember if you have a winning position and it goes to a losse position is a mistake that has no forgiveness, please follow your trade with stops and so. This is a daily swing, that could turn into a positioner trade... It might go short for weeks :D That is what I am aiming for. SELL MY CHILDREN SEELLLLL!!!
Short
by kjzsbtby
1