RiccardoAnnoni

RiccardoAnnoni

Dear traders, we all know that european stock are allucinated by QE and are going to go higher. DAX gives a first sign that hw may turn higher again having putting in a bullish engulfing candle closing at 11600. You can BUY DAX with a stop loss few pips below the low of today's candle, or lets say 20 pips below 11400. First target is 12000 (close half position)...

RiccardoAnnoni

Dear traders, as you can see the evidence: we have a nice hammer bouncing off fron 1.19 and then two consecutive bullish candles with moderate upper wigs that suggest that sellers are not ready to contest this breakout with maximum committment. For me this setup favors the upside and the 1.24/1.25 band is the target we should aim to. Stop loss is of course at a...

RiccardoAnnoni

...but having EURUSD printed a shooting star I guess that a test of 1.1 is in the card the next week, so a short term sell may be an option. Target 1.1, stop loss a daili close above the top of Friday's ShootingStar. Cheers R

RiccardoAnnoni

Dear traders, we all know that BOJ just like ECB is enrolled in a QE program. They both will go on liquefying their markets, and that should keep the indexes going much higher that that. Right now we have a tiny hammer that may or may not give rise to a bounce of NIKKEI. Given the fundamental situation though, I will buy it with a tight stop loss is a daily...

RiccardoAnnoni

Dear traders, in the last 2 weeks DAX30 has lost about 1000 points. Yesterday 1st MAY there was no action but we have to consider that EUR lost some of its recent strenght and that should boost the DAX. My fundamental point sees a DAX as a buy only market and I treat pullbacks as an opportunity to re-enter the market with a long term long position. I would...

RiccardoAnnoni

Dear traders, after the major break of resistance I expect AUDUSD to pullback a little. Day traders can try to sell the little shooting star, but I prefer to wait for a BUY action to present itself in the 0.79 vicinity. As always patience is the key of thid game. Cheers R

RiccardoAnnoni

USDOLLAR Index has touched today a key support and has printed a little rebound almost invisible in the 1D chart. If that support is breached, then a trend reversal for USD may be on the cards, or at least an important consolidation phase. Let the FOMC dust settle and see if this support holds or not. I would expect more losses as the Fed policy announcement...

RiccardoAnnoni

The USD day has been opened with an 0.2 Advance GDP againt previous 2.0. FOMC statement has been dovish and I expect GOLD to rise when the dust is settled. There are 2 ways you can trade XAUUSD: 1) TRADER: Wait for a daily bullish print and enter long at market with stop loss at a daily close below 1180. 2) INVESTOR: Wait for a daily close above 1220 and then...

RiccardoAnnoni

Dear traders, while I am convinced that WTI can be a long term buy above 60, right now I expect a little of pullback, lets say near 1.54. At that point in time, given a bullish daily candle printed, I would LOVE to buy this one. Cheers R

RiccardoAnnoni

Dear traders, after GBPUSD has printed 10 bullish days out of 11, I am quite convinced that 1.50 is now a tradable key support. Of course I dont want to trade from the actual price and wait for a pullback followed by a renewed bullish daily candle to enter buy targeting 1.55 Cheers R

RiccardoAnnoni

Dear traders, we are nearly there. Today at 8.00PM (Rome Time) FOMC will be out and it is a last call for EURUSD to invert this bullish trend. If it will, then it is quite possible that USD will gain in all USD-based major instruments. If not, then this may not be a corrective rally but rather I would say this market is now (almost) in uptrend. IMHO: dont take...

RiccardoAnnoni

I took AUDUSD for example, but today everybody slapped USD on its face! Of course, dear traders, we dont blink as we were sitting and waiting for a bearish sign to come, instead AUDUSD rose 150+pips and is facing a stiffer resistance at 0.805. And now what? I would be buyer at a close above 0.81 and would sell if close below 0.79 but anyway.... lets force the...

RiccardoAnnoni

Dear traders, as you probably know my best sport in FX is to stand still waiting for a high probability trade to present itself. Since I am broadly bearish on this instrument, I love to sit and wait that the resistance at 0.79 prints out a bearish Price Action pattern so that I can enter short. As a PLUS, RBA should be on my part. Be it at 0.79 or 0.8, sooner or...

RiccardoAnnoni

Dear traders, yesterday the 2120 level was not holdable by bulls so at the end of the day we had SPX500 printing an Evening Star. Of course my recommendation is NOT to sell this kind of market, for to me that is a buy only one. If you are long SPX500 you may consider taking your profit as a pullback is coming. If you are out of this market, then you have just to...

RiccardoAnnoni

Dear traders, of course I am bullish on USDJPY and I simply wait for a bullish candle to reenter long. Just stand still and wait....it is so simple! Cheers R

RiccardoAnnoni

Dear ytraders, to my eyes it is very likely that DAX won't continue its bullish run towards 13000 this year. The idea is simply this: buy DAX at 11800 with a STOP LOSS at a daily close below 11600 (this would imply a major correction, so gracefully take your loss and be ready to reenter long at the next bullish day candle) and prepare for a long term ride. You...

RiccardoAnnoni

...I expect a bounce from that level as it has been supportive before. So here is mi recommendation: 1) You go short with a SELL LIMIT at 1180 or 2) You wait (again!!!!) for a daily bullish candle and enter long I prefer option 2) here, but what about you? Cheers R

RiccardoAnnoni

As I already suggested you in the AUDUSD chart, here too we'd better be patience and stay on the side lines until a bearish candle is printed from the key resistance at 1.1