AUDJPY formed an evening star candllestick pattern , so it suggests a bearish sentiment. I will enter a new short with SL @ 93.66
After SNB black swan, the pair has retraced till 0.764 fibo level, and it´s resuming previous long term uptrend. I favour the upside , buy dips while above 122
For those who experienced a rocky horror show the past days with EURUSD, consider this post as your inflection point. Follow the waves :-)
AUDUSD is buiding and uptrend channel . Initially we could see a pullback around 0.773 area , good risk reward trade, to enter Long with SL below 0.77
Due to USD correction we´ll probably see a metal rally. Gold, Silver, Copper, Platinum are experiencing a buillish run. On Silver I expect resistance first 17.5 and then 18.50 , but previous consolidation with small pullback around 16.40 . SL below 15.2
Clear downtrend channel for EURTRY. The pair is consolidating for the next leg down. Above 2.81 level the scenario will be invalidated. I will wait a daily close below Kumo for a target around 2.60
Let´s try a counter trend trade with adjusted stop below 1135 on a daily close. Some arguments support this decision : 1. Three higher lows , so there´s a demand zone around 1150 2. Bullish engulfing pattern 3. Dovish FED statement Open target while it keeps the mentioned levels
Watch the descending trend lines. If this month closes at current levels, we´ll assist to a free fall in unknown territory. However if price action reverses its course, we could see a interesting long term recovery Institutional World Currency Fund www.bloomberg.com
GBPJPY is poised for mid-term trend change from bullish to bearish if it breaks below 200D moving average. I´m already positioned short while below Kumo cloud . SL above 180.5 Institutional World Currency Fund www.bloomberg.com
With EUR breaking down massively in all pairs, EURCHF remains flat around current levels. It seems SNB set a new intervention floor
I will post some educational ideas about most popular candlestick patterns. On this case, bullish engulfing. If price closes today above 1.9076 , potential bullish continuation
Potential bottom for EURUSD at the Demand / Supply Zone . I´m not calling for a long yet, but at least DO NOT SHORT at this level. For longs , I will wait for a daily close above 1.095
AUDNZD have a demand zone around 1.037 , with several downside attempts being rejected. I´ll try opening longs with SL below that level , on a daily close Also price formed a bullish engulfing pattern Lastly , it broke short term descending line
Well defined trade strategy : Enter short at current levels, SL @ .09401 and take profit at 0.9221 (100 pips) Several indicators point further downside : - Below Kumo cloud - Below 200 ma - Descending channel - Bearish Wedge / Flag pattern
NZDUSD rejected the key level 0.76 and stays below Kumo cloud , Favour the shorts with SL @ 0.76 .
Bullish trend on BTCUSD after clearing Kumo cloud . Keep Longs while above 255
The pair is showing weakness below 135 , I´ll try a new short with SL above mentioned level on a daily close.
Sweden shocked markets with a higher GDP than expected , which resulted in a bullish SEK. Technically , EURSEK is below Kumo Cloud which favours the downside. Open shorts with SL above 9.435 on a daily close