tonyferrino

tonyferrino

We are overbought territory in 4hour ,RSI, just shy of 80. Stochastics are slightly diverging. Look to sell around 134.70/74 area and look for a retarcement of 50% to 133.64 , which coincides with todays PIVOT area. USe a stop at recent high of 135.33. Also stocks should continue to the downside and dollar should sell off. Furthermore technicals look good for a...

tonyferrino

The market has retraced 38.2% retracement of the last move down from 138.27 to todays low of 135.60. I think good risk reward for a move back to the lows (around 100 pips). Any thoughts would be appreciated. thanks for looking Tony

tonyferrino

The previous 1 hour bar in gbpjpy formed a pin bar, which looks bullish. You have two entry points in the body of the pin between 137.77 to 137.82 owith a stop say 5/10 ticks below the low of the pin bar at 137.59. Alternatively wait for a close above the high of the pinbar at 137.845 and use it as a long and look for an extended high of 1.618% retracement at...

tonyferrino

Its worth looking at a short in uj here at 111.00/10 area , this is the 61.8% retracement of the fall we saw late yesterday. Yesterdays high also came up to 111.45 which is also 61.8% retracemnt of the fall for the week from monday to wednesday and we subsequently fell to make a low of 110.22 area. I think its worth a short here between 111.00/10 for another test...

tonyferrino

The up channel (around 70 ticks wide) has been broken on the hourlies and has retested the trend.....this is a sell and the objective is around 118.10 Any thoughts please

tonyferrino

go long at 113.13 , stop just under recent low of 112.89 say 10 pips for a move to 113.62...good risk reward .....

tonyferrino

I like a short here at 107.75 , using a stop at 108.00 for a move to 107.05. The up channel is testing the upside and i think we could come under some pressure to the downside.

tonyferrino

The Euro has retraced 61.8% retracement from 104.94 to 106.40 at 105.50, we should bounce to 105.76 if not to 105.84 the 38.2% retracement.

tonyferrino

The move from 104.94 to 106.40 has retraced to 105.50 its 61.8% level. I think we bounce to central pivot at 105.76 or even 106.85......

tonyferrino

Uj needs to close below 114.55'ish otherwise bulls will keep momentum and head for recent highs to 115.40.......thoughts please ?

tonyferrino

just want to know what the crowd thinks about direction on a break out on this hourly chart of UJ