MassimoChiampo

MassimoChiampo

GBP/CAD SINCE BREXIT HAS FALLEN MORE THAN 2500 PIPS. IT'S TIME FOR RETRACEMENT TO 50% FIBONACCI LEVEL. POSITIVE GBP DATA, POSITIVE AFFLUENCE OF TURISM DUE TO NICE WEATHER AND LOW GBP VALUE SHOULD GIVE INDICATION THAT GBP IS READY TO CLIMB UP AGAIN. IT MIGHT MAKE AN OTHER CORRECTION MOVE THEN ON THE BREAK OF THE DOWNTREND LINE MARKET SHOULD KEEP GOING UP TO THE...

MassimoChiampo

LOOKING TO GO LONG TO THE TOP OF THE TREND LINE AT ABOUT 1,1190- 1,12 THEN LOOKING TO SHORT TO COMPLETE THE HEAD AND SHOULDER PATTERN WITH TARGET DOWN TO 1,09. IF DOWNTREND LINE WILL BE BROKEN A NE SCENARIO WILL BE POSSIBLE. SINCE IT HIT TH 1.16 LEVE MARKET HAS BEEN GOING DONW IN A NICE REGUALAR CHANNEL.

MassimoChiampo

THE HOURLY DOWN D EXTENSION WAS HIT AR 1,453. SO I'M LOOKING FOR A NEW WAVE, AND MARKET SHOULD RETRACE TO AT LEAST ITS 38,2 POINT AT 1.4630. ALSO THE MARKET JUST BROKE THE DONWTREND LINE WHICH SUGGESTS ME IT SHOULD START IT'S WAY UP. WHAT DO YOU THINK?

MassimoChiampo Updated 

MARKET LOOKS LIKE IS STILL DOING HIGHER HIGHS AND HIGHER LOWS.. AFTER RECHING THE FIRST TARGET IT RETRACED TO ALMOST 78,6, AND THEREFORE I WOULD EXPECT THE WAVE TO CONTINUE UP TO THE NEXT D EXTENSION AT ABOUT 1,77.

MassimoChiampo

MARLET IS STILL INSIDE THE CHANNEL AND IS LOOKING TO TOUCH THE UPPER LINE. IT MADE A MAJOR RETRACEMENT TO THE 78,6 LEVEL, SO I WOULD EXPECT TO GO UP AND REACH THE TARGET AT 119,72. RISK REAWARD SEEM OK. STOP LOSSO WILL BE JUST BELOW THE A SO THE RISK ABOUT 75-80 PIS AND THE REWARD IS ABOUT 250 PIPS. WHAT DO YOU THINK?

MassimoChiampo

EURNZD BROKE THE DAILY DOWNTREND LINE AND LOOKS TO START ITS WAY UP. I WOULD EXPECT THE MARKET TO RETRACE TO 38,2 OR 50%, WHICH IS ALSO ON THE BACK SIDE OF THE TREND LINE, AND BUY THE BREAK OF THE COUNTER TREND LINE.

MassimoChiampo

THE DAILY 1 ST UPTREND TARGET WAS REACHED. NOW WE SHOULD EXPECT A RETRACEMENT TO 61,8 THEN USD SHOULD START TO GO BACK UP ANC COMPLETE THE WAVE TO ABOUT 108,4.

MassimoChiampo

ON A DAILY MAJOR DOWNWARD MOVE THE D EXTENSION WAS REACHED AND BECAME A NEW B POINT. SO WE SHOULD EXPECT A MOVE UP TO FIND THE C RETRACEMENT TO AT LEAST THE 38.2 RETRACEMENT WHICH ALSO IN CORRESPONDENCE OF THE BIG DOWNWARD CHANNEL, AT ABOUT 104,91, WHICH GIVES A POTENTIAL 400 PIPS MOVE.. POSITIVE NFP WHOULD BRING THE USD UP. WHAT DO YOU GUYS THINK? ON A 1 HOUR...

MassimoChiampo

EUR IS STILL UNDER PRESSURE AFTER BREXIT. NZD SEEMS STILL VERY STRONG ON ALL PAIRS. LOOKING FOTR THE D EXTENSION AT ABOUT 1.4990 WHICH IS ALSO A PAST RESISTENCE. AFTERWARDS MARKET SHOULD START TO GO BACK UP

MassimoChiampo

MARKET SEEM TO WANT TO REACH THE 61,8 FIX EXTENSION. AFTER IT COMPLETES IT WE COULD EXPECT A RETRACEMENT TO THE NEW C FIB POINT AT LEAST AT 38.2 WHICH IS AT 1,77122 WITH A NICE 700 PIPS MOVE

MassimoChiampo

THE MARKET IS STILL BEARISH TO 1,70 AT THE 61,8 EXTENSION. THEN WE COULD LOOK FOR A RETRACEMENT TO AT LEAST 38,2 AT ABOUT 1,7714 WITH A NICE 700 PIPS MOVE.

MassimoChiampo

ON DAILY CHART THE MARKET SEEMS TO BE WANTING TO REACH FURTHER DOWN TO NEXT EXTENSION ATABOUT 1,2740. ON THE DOWNTREND CHANNEL MARKET IS AT A SELL HIGH POIN, SO WE SHOULD LOOK TO SELL AT BREAK OF UPWARD TREND LINE TO THE TARGET. WHAT DO YOU THINK???

MassimoChiampo

MARKET IS STILL TO COMPLETE THE FIBONACCI DAILY EXTENSION TO D WHICH IS AT ABOUT 1,445. WAIT FOR THE MARKET TO PULL BACK THEN LOOK TO SELL ON BREAK OF THE UPWARD TREND LINE