jbourgault

jbourgault

AUDJPY is on a bullish run as JPY is sold across the board. However, I suspect this to be a simple correction as all indexes are approching major resistance (same thing for OIL which is going down again). Plus, if NFP number are good tomorrow, it might make increase the propability of a Fed rate hike (which is not priced in the market anymore). Wait to see if...

jbourgault

This pair broke a long time trend line a couple days ago. Since then it retraced @ ~1.0050 to that previous trend line (fib retracement 0.618) and broke the bottom of the smaller degree channel. Go short after retracement is completed (around 0.9950) Stop loss : 1.0050 Target #1 : 0.9590 Target #2 : 0.9460 Trailing stop using the BW Alligator's teeth will be...