salsapete

salsapete Updated 

Overall , the pound may still be in an uptrend. IF wish to counter the trend , consider the following ABC. If price breaks 1.3000, look towards 1.2950 as a target. Stop inside triangle ( 15 pip stop) Reward Risk - 3:1. ....

salsapete Updated 

On the lower time frame a bearish flag may be forming . Waiting for the break to the downside , potentially @ 1.2640 - 1.2650. Stop above minor swing high 1.2675 ( tight stop) Targets are 3 1. Prior swing low - 1.2580 2. Channel support - 1.2550 3. Fib 1.618 extension - 1 .2525

salsapete

Dollar index may be forming a bearish flag. Looking for a break around .786 fib retracement and movement down to 1.27 - 1.381 extensions. A confirmed break of 94.88 would see the dollar move above .9500

salsapete

As per chart.. :)

salsapete Updated 

Major resistance at .7840 has just broken. Likely see a retest, change of polarity to support. Good place to enter will be just above .7840. Stop below the bullish candle. Target .8000.... :)

salsapete

Euro may be forming an ascending barrier triangle. This idea is for an upside break to this triangle in line with the current uptrend. Entry - fib .618 retracement @ 1.1417 Stop - beneath minor swing low @ 1.1370 Target - fib .414 to .618 extension between 1.1536 - 1.1560

salsapete

As per chart :)

salsapete

Wow what a strong finish to last week for the Aussie breaking .7800. Looking at the next week for the currency to continue its bullish move towards .8000 to complete a minor 3 wave. From there , the correction most are looking for , with the minor wave 4 to move price back into the .76 - . 77 range. With the Fed possibly stalling on the future rate rise, the...

salsapete

USDJPY is in Corrective Phase with the wave count at 2 ( primary ) ; C ( intermediate) ; 3 ( minor) ; 1 ( minute) The minor wave 2 may have completed with a flat correction, which on an intraday chart will form the Double Top pattern. Price may proceed down to the supporting trendline at 109, finding some resistance at all the round numbers...

salsapete

So maybe the pound has moved into the next impulsive wave. On the intraday chart the bullish flag consolidation has been broken to the upside. Potential target for this wave 5 is just under 1.3400. There would appear to be more room to the downside for the pound over the medium term ( ie. 120.00).

salsapete

The Loonies strength is near vertical on the daily charts. Swing point targets to the downside are 1.25 and 1.20. The intraday chart is a nice example of a series of impulse and corrective waves.

salsapete

Gold may have completed the abc expanded flat , within a minor wave 2. The current wave to break the channel , may have completed a subwave 1 of minor wave 3. Looking for price to now move back to .5 - .618 fib , between 1215 and 1218. From there price to rise to points d, b of channel and finally to and past wave b. It would be bearish for price to break...

salsapete

The Aussie may have completed a b corrective wave. Looking for price to head down to fib .50 as first target and then to possible extended flat C. Stop above .7750. Entry between the 1.14 and 1.27 extensions. :)

salsapete

Scalp may be possible on Aussie on short time frame, with appearance of climax bar, after 3 periods of markup and accumulation. The distribution may be happening.

salsapete Updated 

As per chart. Multiple entry points and respective targets. Stop for all beneath recent impulsive ( pole) wave origin.

salsapete Updated 

In the last week gold has made a confirmed break of the 2017 supporting trendline. Further move to the downside seems possible, with the supporting trendline of a larger triangle being the target. A short trade on pullback with minor consolidation ( flag) may be an acceptable trade in the coming week. :)

salsapete Updated 

Price has been moving down a wedge triangle. Recent impulsive wave is experiencing a correction ( flag) . A short could be considered at .50 - .618 retracement of impulse and target the 1.618 extension.....

salsapete Updated 

Pound may be skating on thin ice over a potential supporting trendline. Expecting this to break to the downside, as the market dismisses Carney and Co recent non data based hawkishness. Targets are at each of the fib points of retracement.