chris333

chris333 Updated 

Since my last recommendation on the AUDJPY pair was to go short, the market did not trigger through my sell point, and instead rallied.  The current price structure is the legacy of that move away from the selling level from a couple weeks back. Now there is a Minor Pivot Stack formation with the underlying uptrend as continued support. Go long if the price...

chris333 Updated 

The EURJPY cross has a Minor Pivot Stack in place which is support. With the new Monthly Pivot Range intact, the price bias is to the upside. Although the trend is nicely up, we need first, to have the price display strength by penetrating the swing high from the previous session. Go long if the price trades through 126.003 and place the stop loss at 124.970 and...

chris333 Updated 

With a Minor Pivot Stack in place with a narrow compression, this could be a good short. There is still a major trend downward intact that seems to be weighing on the market. As the price of the Swiss Yen cross continues to weaken, the old flash crash low is a nice target to shoot for as a profit target.  However, we don't want to be too greedy so place your...

chris333

The Silver market is revving up again for a potential move up.  A Super Pivot Stack is in place and this is a strong support level. If the price can move above 16.21, go long, then place a stop loss 15.66 and a profit target at 17.17

chris333 Updated 

This short term setup on the Hourly chart has a very tight stack on a Minor Pivot Stack for the Japanese Yen. Go long on or about 109.750 and place a stop loss below the MiPs, about 109.480 and a profit target about 30 pips away at 110.140.

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The current price structure for the Swiss Franc looks to be supportive and biased to a higher level. A long position could be justified if the price can show strength through the recent swing high. With the Minor Pivot Stack in place as support, you can go long at 1.0003 and place a stop loss at 0.9938 and a profit target at 1.0124.

chris333 Updated 

With a nice uptrend and Major Pivot Stack as support the Euro Swiss cross looks bullish.  The price will need to breakout of the near term resistance area first, to confirm a move up. Go long if the price breaks 1.13540 and place a stop loss at 1.12630 and profit target at 1.14890 for a good risk reward trade.

chris333 Updated 

The Australian Dollar has a Super Pivot Stack in place providing significant resistance. However the price currently is just above the Monthly Pivot Range low, which is lending support to the price. Hence, we need to wait for a breakdown in the price through this level to confirm weakness. Go short if the price trades through .70920 and place a stop loss...

chris333 Updated 

The Dollar Down Under and the Land of the Rising Sun Yen has a strong setup with the Major Pivot Stack in place for key resistance. The path of least resistance is down for the Aussie Dollar Japanese Yen crossrate. Look to go short below the low of the current session 77.460 and place a stop loss at 78.517.  With a profit target retracing the steps of the recent...

chris333

The CADJPY pair has had a nice uptrend since the beginning of the month after the flash crash that occurred due to the New Year's holiday liquidity issue. Now, there is a decent Minor Pivot Stack setup that looks bullish. Go long if the price can demonstrate strength through 83.310 and place a stop loss at 82.240. With the profit target at 85.170, this is a good...

chris333 Updated 

Despite the roller coaster in the stock markets, the treasuries could still be pricing in a contraction in the economy. The higher the 10 Year and 30 Year Treasury prices go, the lower the rates get on the longer end of the yield curve. With the current setup in the US 30 Year T-Bond, there is support on the Minor Pivot Stack and the Monthly Pivot Range high....

chris333 Updated 

With a very tight Minor Pivot Stack in place we can look to short the Yen just below the current price. The Monthly Pivot Range is strong resistance on the upside for the longer term and has kept the lid on a rally for the last month. Go short if the price trades through 109.220 and place a stop loss at 110.120. The profit target of 106.340 makes for a good risk...

chris333

The Kiwi Dollar has a Super Pivot Stack setup, which is the highest probability setup in my arsenal. I always try to wait for strength in an uptrend or breakout situation to confirm the move and reduce the risk in the trade.  This is not a foolproof method, and like all others, there is risk of failure at our entry point or lack of follow through. Hence, I...

chris333

The Energy complex currently has mixed signals. However, the New York Heating Oil contract appears to be setting up for a bull run.  With the Minor Pivot Stack providing support, the price looks like it is readying for a move up. Go long if the price breaks above 1.9065 and place a stop loss at 1.8660.  With a profit target at 2.0545, this makes for a good...

chris333

The German stock market is looking up with a Minor Pivot Stack setup on the DAX. The Monthly Pivot Range is providing good longer term support. Go long if the price trades through 11294 and place a stop loss at 11124. With a profit target at 11635, this makes for a good risk reward trade.

chris333

Crude has another Minor Pivot Stack setup, but this time it is above the current price. Hence, this is an indication of a short trade with resistance from the Stack. With a good probability setup like this, go short on confirmed weakness through 51.26. Place a stop loss at 53.69 and the profit target at 48.15. Trade the March 2019 contract, symbol CLH2019, on...

chris333

The Gold market had an impressive rally to close above the critical $1300 level last week. Apparently there is more left in this move but I would wait for further strength to confirm that the rally is sustainable. Through the 1310 level should be enough of a move up to warrant getting long for a significant push higher in the medium term. Place a stop loss at...

chris333

With the current Super Pivot Stack resistance in place and the price breaking down, this is a good short around the current price level. You can also wait to go short with an entry at 1.66590 for further confirmation of weakness. Place a stop loss at 1.68360 and a profit target at 1.63510.