salsapete

salsapete

Gold has only one trade consideration presently and that is long.... It is too bullish for a countertrend trade .... On a daily basis I would prefer to enter long at a retest of support - Enter - between 20 and 50 MAV, below R1 monthly Pivot. Target - very long to the monthly R4 Stop - below the 50 MAV , which price has completely respect with this...

salsapete

This pair has been in a long term range between 1.02 and 1.12 , and so no surprise the 200W MAV is 1.07. Price tested the high 1.02 handle last week , and was strongly rejected by the buyers ( aided by a surprise RBNZ cutting OCR by 50 basis points) . With price placed to the high of a descending channel, considering an entry for a long. Enter - Monthly Pivot...

salsapete

I am bearish with the Aussie.... Last week on Wednesday a notable pinbar was formed. Further the weekly chart also concludes as a pinbar. A retracement price is sought to continue with the downtrend. Entry - between 50 MA and Monthly Pivot Stop - above monthly R1 Pivot Target - Monthly R2 RR = 3.....

salsapete

I am bearish on the EURJPY - price is contained by all 4 moving averages to the downside. The area of interest to enter a short trade is confluent with 1. The 50 MAV 2. Monthly Pivot Point 3. Require a failed retest of support now resistance Stop - above the monthly R1 Pivot Target Confluence of 1. 1.272 fib extension 2. Prior major support level RR =...

salsapete

So gold has made a significant move recently..... It is very bullish and so the bias is to the long side. A small consolidation is taking place. For a scalp long 1. Entry at prior breakpoint 1490 2. Stop below the 50 period MAV 3. Target - 1540 RR = 4.... Maybe within 6 more bars.... Let see....

salsapete

On an intraday basis the Pound is consolidating within a symmetric triangle, and the Bollinger Bands are squeezing price tight. With this low volatility , price will soon breakout. I do not know in which direction. Maybe in the direction price entered the triangle.... Maybe not. Watch and see... trade in the direction of the breakout for a scalp .....

salsapete

So Oil is in a corrective ABC pattern , and the C wave is in progress. Overall there is a Descending triangle offering consolidation to the corrective pattern. This triangle may be estimated to be around 140 bars. So the triangle may break at around 2/3 its timeframe ie. around 90 bars. I am looking for a better price to enter a short trade . Entry -...

salsapete

This may be a possible wave count for USOil With a price low in 1999 , wave 1 may of completed in 2008. Price 147 . Then corrective waves a, b, c and completion of wave 2 by 2016 . Price 26. Now maybe a Third Primary wave is in cycle with a corrective minor wave 2 ( an ABC movement) . So looking ahead may the minor c wave corrects to the 618 of the...

salsapete Updated 

Oil may be in consolidation , within a triangular pattern . If so, currently within wave C. Looking for price to retest towards resistance trendline and reject ( head and shoulders pattern) . 1. Entry - 59.50 2. Stop above swing high at B. 3. Target is C at Monthly R1 - 51.00 4. RR = 4 ##### I can barely distinguish the 4 moving averages on the daily...

salsapete

Not quit. Where will the Kiwi find support... after the recent unexpected rate cut of 50 basis points...... Key levels of support 1. 67.40 2. 66.60 3. 65.50 Take your pick ... either way ... for the moment the bias is bearish and shorting opportunities should be taken on any show of strength.....

salsapete

The RBNZ has surprised the market with a 50 basis point punt.... The pair is looking to move to the bottom for support. Look for a retrace to test recent support as resistance and go short to .6250 ......

salsapete

Markets are in distress presently with the US - China trade war..... All markets will be effected as these two giant economies strand off... Looking for a short on the Aussie index after a bounce... Entry - defined by the 50 MAV and a potential .50 fib retracement region. Target - 200 MAV = representing long term fair value for this index Stop - above the...

salsapete Updated 

CADCHF has been in range consolidation for 2019. Looking for a short entry to the downside. Entry - retest of the 200 MAV Stop - above prior swing high Target - bottom of range. RR = 2

salsapete

I am bullish on BTCUSD. There may be an opportunity for a countertrend trade ( not my usual favoured trade) Stop above recent consolidation Target 200 MAV 1 hr chart. Risk Reward 2 + ....

salsapete Updated 

AUDCHF is presently in a motive phase within a descending channel. If we use prior motive phases within this channel, possibly we can gauge the extent of the present power move. As such there is a possibility price can move further to the downside until it meets resistance of 1. Trendline support 2. Monthly S3 pivot. 3. Major support level for 2015 Around...

salsapete Updated 

The AussieKiwi pair have been traveling in a downtrend , with price recently consolidating at the top of the channel ( corrective wave) Price Volatility (ATR) is at a multiyear low, suggesting the pair may be ready to make a hard and fast move ( motive wave) Initial thoughts lead to the idea of an ABCD pattern playing out to the upside , with a break of this...

salsapete Updated 

EURAUD has been in a longstanding ascending triangular consolidation. Price has tested the lower trendline, broken out and now has strongly moved back up and into the triangle (false breakout). This scenario then could see price retest overlying resistance.

salsapete

I like this pair because of 2 uncertainty's 1. GBP weakness with Brexit issue 2. CHF strength with a risk off bias ( as shown in equities) So short GBPCHF Technically price is beneath all MAV and so is a short prospect. I would like to see a better place to enter 1. Retest of support now as resistance 2. Closer to 10 MAV Stop - above monthly Pivot...