salsapete

salsapete

Ethereum may make a small retracement towards the monthly R1 pivot at $ 548 and complete a potential minor wave 4. This may be a good entry point . The target is a 2.618 extension to $1213, for the completion of a minor wave 5. The point of invalidation is below the monthly pivot at $ 408. Risk Reward is 5.

salsapete

This is an idea for the longer term over 2018. The pound to gain on the yen , with price moving towards the .618 fib retracement of the prior major swing low. The point of invalidation would be a break of the minor swing low ( and the ascending supporting trendline) .

salsapete

Idea is for the Aussie to gain on the Yen , within the triangle structure. The target is the .618 fib retracement of prior major swing low. The point of invalidation is a daily close beneath the prior minor swing low. Entry is upon reversion to the 13 EMA. Risk reward is favourable.

salsapete

If EURJPY , which has broken to upside of minor wedge, can rise above the high of the wedge, then a long scalp could be considered. A stop is inside the wedge. The target is the overlying resistance. The suggestion is on the chart , with a risk reward of 1.5 - 2. :)

salsapete

Another day on , and the scalp short for GBPJPY still exits. Suggested idea on chart :)

salsapete

The pound may of broken the supporting trendline. If so, then a short could be considered, which is on chart. The risk to reward is 1 - 1.5 :)

salsapete Updated 

Price momentum divergence on the intraday chart, suggesting a correction to Cotton. Target is supporting trendline. Stop is 1 tick above the recent high. Risk Reward is 1.8 :)

salsapete Updated 

Sugar is consolidating within a wedge pattern, after recent rejection of the 200 MAV . Looking for a short target at confluence of 1. Supporting lower trendline. 2. Monthly S1 support 3. .618 fib of D leg of Advanced pattern. Stop is aggressive just above 2 bar high. Risk reward is 1.6.

salsapete Updated 

Aussie may be in corrective phase (abc) to the Kiwi. Entry just below 1.10 Stop above B @ 1.1150 Target C ( lie between .5 and .618 fib ) @ 1.0750 Risk Reward : 1.5+

salsapete

Euro may be carving a channel. Wave count possibly in an ABC correction. Suggested short on chart Entry - around 1.1835 Stop - just above B Target to C - confluence of supporting and horizontal trendlines, and approaching monthly S2 pivot and the 200 D MAV. Risk Reward = 1.9 :)

salsapete

This crypto is climbing a vertical pivot wall and seems set to achieve a Gann 1x1 fan line, that would put a price of $ 25 K as a target. :)

salsapete

Euro has been in a channel consolidation with Yen since Sept 2017. Considering a short opportunity for price to stay consolidated in channel. Stop - if price breaks outside channel to upside, beyond the previous high. Target - to the channel supporting trendline. Entry - at a .618 fib retracement of last minor swing. Risk Reward at 2.4 :)

salsapete

Gold is making a correction of the prior swing . Price may move down through towards the .50 and .618 fibs. Look for possible reversal at supporting trendlines for a long opportunity back towards the July 2016 swing high. :)

salsapete

As per chart. Favourable Risk Reward :)

salsapete

PoundYen has been in a progressive uptrend over the last year. Looking for a long opportunity at support ( both horizontal and trendline) around 1.48. A stop would be considered beneath the 200 MAV and the S3 monthly pivot. The target is chosen to be at 1. Between the .50 and .618 retracement of prior major swing. 2. At next significant horizontal...

salsapete

US Oil may retrace further towards the .50 level. Suggested long on chart . Stop beneath recent swing low and two targets considered , being swing high and .50 fib. :)

salsapete

USDJPY looks to form a megaphone since April 2017 on the daily charts. If this pattern were to continue, then Yen strength would be apparent as price retraces the fib levels to the .618 at 1.06. A suggested short , with stop outside the megaphone high and targeting the confluence of the .618 retracement & lower supporting trendline. Risk reward is conservative 2. :)

salsapete

Possible scenario wave count for Euro . The Euro may have entered a corrective 4th wave from the 1.21 high in September 2017. Minor waves a and b could of completed and price is about to move down in wave c towards a target of 1.13. The suggested short is on chart. The risk reward is favourable at 3 +. :)