Lorenzo_Esco_Al_Bar

Lorenzo_Esco_Al_Bar

Bearish trend line broken and worked as a support, together with 15, 50 and 100 EMA on GBP/USD. Now it's time to check for possible target/resistance to catch or reverse the trend.

Lorenzo_Esco_Al_Bar

The harmonic pattern looks complete now. If you watch the daily chart you can see yesterday's hammer candle, signaling that 8000 was an important price for Bitcoin. I'll try a long. Good luck!

Lorenzo_Esco_Al_Bar

USD/CAD in overbought set-up: weaker bulls on 4 hourly candlestick. The price it is probably going to retrace on some fibonacci level. The 23 % seems to be the safest.

Lorenzo_Esco_Al_Bar

USD/CHF hitting strong resistance around 61.8 and 50 fibonacci levels. Is the price ready for a reversal?

Lorenzo_Esco_Al_Bar

XAU/USD set-up is now timidly bullish, after encountering again that strong support around 1320. Now it is very likely to meet the 1340 price again and maybe, if the set-up is right, it could even reach 1360. In fact 1320 and 1360 it's the main range in which the price is moving since January.

Lorenzo_Esco_Al_Bar

11000.00 it's a tough resistance for Bitcoin. At the moment the scenery remains fully bearish, but 8000.00 seems to be a good price to buy it back (if the pattern is completed). Good luck!

Lorenzo_Esco_Al_Bar

I love EUR/GBP because trendlines, supports and resistances tend to be very precise. So here we go, that's the daily chart set-up: 1) Yesterday's shooting star. 2) Attempt to recovery failed. Today, at least for now, bears rule the scene. 3) Next support at 0.8900, but if the channel is right the one that really matters is the 0.88600, which is big bulls'...

Lorenzo_Esco_Al_Bar

The bearish trend on USD/JPY chart is weakening. You can see a hammer candlestick on the 105 area, testifying that it is an important level of support. The options are two now: 1) a momentaneus market range in which the 107.850 level will be the resistance. 2) the breakout of the resistance above caused by strong bulls (such as positive NFP datas) with a...

Lorenzo_Esco_Al_Bar

Divergence between RSI, Stochastic and the chart. Clear overbought signal.

Lorenzo_Esco_Al_Bar

A triangle pattern is taking place on WTI chart. A breakout is soon happening either up or down. On the chart I indicated the first possible targets for a short and for a long. Good luck!

Lorenzo_Esco_Al_Bar

The big boy is recovering from the past two weeks' big crash. Now moving in an up-trend channel, will encounter a very strong resistance at the 61,8% fibonacci level. In my opinion it is still too weak to break it , so I would suggest to join the bulls awaiting at 2700.00

Lorenzo_Esco_Al_Bar

GBP/CAD daily chart moving in an uptrend channel. The price just encountered a strong resistance at 1.8000. Is this a sell signal for intraday trades? Good luck!

Lorenzo_Esco_Al_Bar

Big bulls around the 1300 area, support testifed by two hammers. Price broke the test at 1320 (you can see it better on the 30 min chart) and now is moving towards the next resistance, around 1340.

Lorenzo_Esco_Al_Bar

EUR/USD is bearish for the moment, but it might find a strong support on the 1.2000 area, from which it will bounce back.

Lorenzo_Esco_Al_Bar

Big test for the Spanish index in the next weeks. 9990 Area holds a strong resistance together with fibonacci level. If it breaks it's a big bull!

Lorenzo_Esco_Al_Bar

It seems like an inverted Head and Shoulders pattern is taking place on DSH/USD, just as Bitcoin!

Lorenzo_Esco_Al_Bar

The 4 hourly chart shows that the USD/JPY failed again to get in the 108.000 area, where the strong resistance, well signaled by the 100 period EMA, reports that we are still in bear territory. However, higher lows are showing up, suggesting that a triangle pattern may occur.

Lorenzo_Esco_Al_Bar

GBP/USD on an uptrend channel until 1.41387 which will be the real test: break or bounce back. If you are intraday traders I would suggest to sell on the upper line and buy on the lower line.