Hello traders I hope you enjoyed the weekend ! A potental Wolfe Wave pattern is forming in AUDJPY and 200 MA on daily favours bearish bias. I´m entering a short postion with SL above 87.35 and several targets as specified in the chart. You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position ....
Good morning traders, Nice blue sky in Palma de Majorca this morning ! Gold bottomed and formed an inflection point at 1070 area . With the breakout of descending trendline at 1160, Gold continues Its on the course to 1200 zone , so buy on dips favoured. A breakout below resistance area turned support 1160 , it would invalidate the short term outlook. Best...
Good morning traders, Several factors favour a downside move in USDJPY. Fundamentally, a delay in interest rates hike Technically : 1. Below 50 & 200 2. A important resistance zone above 120.6 3. Descending regression 4. Bearish US Index outlook Let´s see how it moves Josep Pocalles
Good morning traders, UKOIL (Brent) bounced at 0.764 Fibo retracement and holding above 200 MA. I favour bullish bias for a retest of 54 level , with SL below support zone 49.2 . You can subscribe to my mailing list for FX Alerts : eepurl.com Regards Josep Pocalles
Hi, This seems a textbook bullish Flag I´m ready to enter long on a breakout and daily closing above 1.10 Meanwhile just watch out levels Have a great weekend folks Josep Pocalles
Good morning traders, I ´m entering long at current levels with SL below 1.125 Rationale : 1. Pair is breaking out above triangle 2. Above 50&200 MA 3. Above Kumo Cloud 4. Higher Lows = Bullish trend Good luck Josep Pocalles
Entering a countertrend trade with SL above highs 0.6710 for a retracement till 0.6585 area You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep...
Good morning traders, Forecast for EURGBP if 0.73 holds , I´m placing an entry order at 0.7318 with SL below 0.7298 Josep Pocalles
Good morning traders, I´m attempting a small risk position considering a bullish continuation after consolidation period The target is a retest of 1.105 and SL below 1.088 You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the...
Good morning traders, I´m considering an harmonic pattern on NZDUSD with a resistance area around 0.65 . I´m entering a countertrend position at 0.6390 wirh SL below 0.6355 You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last...
Good morning traders , It seems US OIL is forming a harmonic pattern with bearish short term implication. I´m entering short at 44.75 with SL above 45.15 You can subscribe to my mailing list for FX Alerts : eepurl.com Best Josep
Good morning traders, I tried a short a few days ago and it was stopped out. I´m re-attempting with SL at 2.0404 . Let´s see if now works Best Josep PS : You can subscribe to my mailing list for FX Alerts : eepurl.com
Good morning traders, I´m entering long at 1125 with a reduced SL at 1119 . If the demand zone holds, we could see a rally till 1162 . It it breaks to the downside, a test on 1080 is possible. You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high .,...
Last month I tried a short stopped out by a probably fake bullish impulse. I´m re-attempting again with SL above 1977 on a daily close . i will trail stop as soon as bearish trend gains traction. 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high . 3. Think like a fundamentalist, trade like a technician . 4....
Hello traders, This trade have more fundamental anlysis than technical. China started to sell US Treasuries : www.bloomberg.com This will have bullish implications in US Dollar like I´ve posted before : From the technical perspective, you can wait till downside breakout of Kumo , but I entered short position with SL @ 1.124 on a daily close My target is...
Good morning traders, as I´ve been warning in previous weeks, FED finally didn´t raise interest rates : www.linkedin.com I´m bearish in USD for all pairs, with some respect for USDCHF . I ´m entering short at USDJPY at 119.8 with SL above 121 on a daily close, and targets presented at chart You can subscribe to my mailing list for FX Alerts : eepurl.com 6...
Good morning traders, I´m entering long at 1.13 with SL below 1.12 and target @ 1.14 , expect a high volatility today at FOMC event Technically it favours the upside with price above Kumo and Chikou Span above price Josep Pocalles
I´m attempting a counter-trend trade on USOIL for a recovery , after formation of a demand zone at 43.5 . SL below this level on a daily close You can subscribe to my mailing list for FX Alerts : eepurl.com Josep Pocalles