salsapete

salsapete Updated 

The USDJPY is in a downtrend.... The early Jan High Wave candle suggests where the price is suitable for the Bears..... Yesterdays bearish engulfing candle tells you who is in control at this point in time... So the bias is presently short for the pair, and opportunities are sought for pullback to enter in that direction......

salsapete Updated 

The JP 225 index has created a perfect pennant , from October 2018. Price is now at the apex of this pennant , with smaller corrective waves and low price volatility. The index is fairly priced with short and long moving averages located within cooeee of the Monthly Pivot point. Something will have to give in the next few weeks , with a breakout of this...

salsapete

The pair have moved towards , but not quite reached channel bottom. The last candle is interesting.... One first glance it appears as a pinbar , with a longer tail to the downside. Look again , its only within 20 pips of being a spinning top. This tells me the buyers and sellers of EURUSD are fairly evenly matched around 1.1100 , which has acted as a support...

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I am bullish on Gold base upon this weekly outlook , with price trading above all 4 moving averages , which are all in alignment. Gold has completed an ABC pattern , with a pin point precision. Price is now consolidating between the monthly R1 and S1 pivot points. I am only considering buy options for Gold presently. An area of interest for pullback to...

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USDCAD has been travelling in an up trending channel since mid 2018. There is an outlying zone of support and resistance which price has moved into and out of fairly quickly. Recently price has moved into the outer support zone, but this time has spent far more time consolidating. Is this a prelude to a breakout ? We can see the present daily price action has...

salsapete Updated 

EURCHF is at the bottom of a descending channel. The bias is to the downside with price well contained by the 50 and 200 MAV. Recently price has respected the confluent 10 and 20 MAV. Entry - at 1.1025 Stop - above potential swing high 1.10750 Target - monthly S2 @ 1.0850 Risk Reward = 4

salsapete Updated 

Looking for an area of value to enter a long for Silver Entry - Support at monthly R2 for a retest. Stop - below monthly R1 Target - 1.618 fib extension , at horizontal resistance. Risk Reward is 3....

salsapete

This pair has been travelling in a descending channel since November 2018, with price contained by the 200 MAV The most recent declining wave has been a power move into an area of considerable resistance 1. Bottom of trend channel 2. A Support level that dates back to 2009 3. The monthly S1 Pivot 4. Low of the High Wave Pin bar Jan 2019. The daily close...

salsapete

The trend is down , and presently price is consolidating after a recent power move. 2 ways to consider joining the trend 1. Enter short at retracement to flag high. or 2. Trade the breakout of flag to downside.

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AUDCAD has moved with a downtrending channel. Looking to enter with the trend for a short position Entry zone - confluence of shorter MAV , the Monthly Pivot and level of S/R Stop - above prior swing high Target - monthly S4 RR = 3+...

salsapete Updated 

A short position can be considered 1. Near the monthly pivot and now an area that may act as resistance. = 75.20 2. Stop above swing high = 75.60 3. Target support level below = 74.20 Risk Reward = 2+

salsapete Updated 

PoundYen in a downtrending channel. Short opportunity is shown 1. Entry on a retracement of the last bearish candle. 2. Stop above swing high 3. Target is monthly S4 pivot and past level of buyer support. Risk Reward is 5....

salsapete Updated 

CADJPY has shown very low volatility on daily chart. Price has a bias to the downside and is travelling beneath the 200 MAV and descending trendline. Awaiting a trendline test and looking for rejection ( and volatility pickup) , before entry. The stop would be above recent swing high. Target the swing low. RR = 4

salsapete

Bitcoin appears to have made a double top . Price has moved beneath the .382 retracement for this major move up since April 2019. Indecision on price movement and low volatility has presented for this pair. Maybe the FOMC outcome will be catalyst to see volatility return. Technically I would like to see a retest of the breakout level of 8800 ( near the .50 fib...

salsapete

Looking for an entry for a long. The entry is at restest of the recent resistance level = .9075 Target is multiyear high . 9810 ultimately, a partial profit could be considered at .94 (.618 fib extension) Stop is below the Monthly pivot RR is 5.....

salsapete

Price has moved sharply to downside for the British Pound. With the political scenario of Brexit creating a headache for this currency, looking for a continued movement down. A better entry is sought , with a pullback to test the recent breakout candle.... The short trade is on chart. Targets are the Monthly S4 and around 1.20 ..... Stop above the recent...

salsapete

Corn has been over a long period within defined range. It appears a double top may have been made over recent months. Price is now approaching an important support level. If price breaks this level, we are looking to enter a short on a retest of the level as resistance. Entry - 4.05 Stop - above the moving average cross Target - bottom of channel 3.35 RR = 4

salsapete

The Pound is under pressure. Looking for a short to continue with down trend Enter at retracement of last bearish candle Stop above recent highs Target Monthly S3 , which is an area of past support. Risk Reward is 4.5