jbourgault

jbourgault Updated 

This pair is in correction mode for now. However, I'm expecting another leg down. Entry: 0.731 Stop: 0.7375 (will use a trailing stop above current channel trend line) Target: TBD (but at or below 0.705) R/R: 4/1

jbourgault Updated 

Price is going back into a major resistance zone. That might be a good time to enter short. Entry: 1.0494 (0.5 fib retracement + few pips below resistance) Stop: 1.055 Target: 1.001

jbourgault

I want to enter short on this pair. However, I'm not sure this pair is ready yet for the next leg down (USDOLLAR still need to digest the last bullish price action). That being said, I'll enter now at market with a stop above last resistance zone. If stop is reach, I'll wait for the next resistance zone around 0.703 then go short again. N.B. Given the last...

jbourgault Updated 

Seems like AUDNZD is ready to move back up. AUD employment change was very good which gave us a first bullish impulse. I'll try to ride the continuation. But first, I'll wait for a retracement around the 1.0425 level then go long. Entry : 1.0425 Stop loss : ~1.0395 1st target : trend line above 2nd target : TBD Risk ratio : 3/1

jbourgault Updated 

Good setup on this pair. I'll wait for the breakout to happen, then for the price to retrace to support before going long. Entry: 0.9690 Stop: 0.9585 Target: 1.0085 (0.618 fib retracement + previous high) Risk ratio: 4/1

jbourgault Updated 

A double bottom is now taking place on USDCAD at 1.36. Price have now retraced and seems to be stuck under the 1.346 price zone (previous lower low). Entry: market Stop: 1.352 (few pips over the 0.618 retracement level on the 60min chart) Target: 1.32 (0.764 fib retracement level + daily trend line) Risk ratio: 3/1

jbourgault Updated 

Price is going back to previous resistance. Time to short. Entry: 0.8535 Stop: 0.8560 (above the 0.5 fib extension) Target 1: 0.8340 Target 2: 0.8127 R/R: 12/1

jbourgault Updated 

Price went back up twice at the 1.22 level which could provide proper support for a long position with excellent risk ratio. Entry: market Stop: 1.2195 (will be move to breakeven when price reach 1.2370) Target: 1.2545 Risk ratio: ~8/1

jbourgault Updated 

ETH had a very difficult second half of 2016 (mostly due to technical issues + BTC strength). But we need to keep in mind that this is the second biggest crypto currency (aka the main alternative to BTC). And as soon as technical issues + BTC bull run are behind us, that pair might go up madly. I'll be using smaller timeframe to enter long, and aim for the moon...

jbourgault Updated 

I'll be waiting for the retracement to be complete. Then go long when price reach the 0.5 fib retracement level + previous support level.

jbourgault

I expect USOIL to correct sooner than later. My plan is to wait a little for the price to retrace to the 0.764 fib level around 53.3. This level also correspond to the 100% fib extension of the minor retracement price structure, which will complete an AB=CD pattern. Entry: 53.3 Stop: 54.6 Target: 48.17 Risk ratio: 3/1

jbourgault Updated 

Correction on all JPY pairs has started. My favorite pairs to trade this correction will be GBPJPY and AUDJPY. There might some good profit taking on USDJPY but for now I'll prefer to stick with fundamentaly weaker currencies for this short. For GBPJPY, I already shorted the pair at 146. For AUDJPY, I'll wait for the price to go back up to previous...

jbourgault Updated 

I expect the pair to start correcting around the 1.34 handle (0.618 retracement + previous neck line). Stop : 1.341 Target : 1.328

jbourgault Updated 

The FED rate hike now being behind us, I'll try to focus on new trend to start or actual trend to continue. Regarding the SPX500, I'm expecting a reversal of the current bullish trend (4h/1d timeframe). I'll wait for the price to retrace to the 2264 level, then to go short to the previous resistance now becoming support around 2215. Entry : 2264 Stop loss :...

jbourgault Updated 

We saw lately a big bullish run for Bitcoin. However, other main crytos (ETH, FTC, XMR) seems to have found a near (or long term) bottom (buying volume is building). Timeframe: daily/weekly Stop loss: just below 0.004 (and will buy again if the pair reach 0.0045) Profit target: TBP

jbourgault

Natural gas just broke previous resistance. I'll wait for the price to come back to previous support then go long. Entry : 3.35 Stop loss : 3.16 (very tight...for now, below previous peak neck line( Target : 5.2 (1.618 fib extension)

jbourgault Updated 

AUDUSD reached today the 0.618 fib retracement level and have trouble going higher. We had an ABC correction on the 4H time frame + a false breakout/bull trap based on a top trend line + a bottom trend line breakout on minor timeframe (5 mins). Seems like a very good time to try a short for an excellent risk ratio. Target : 0.69 (TBD but I'll be aiming for a...

jbourgault

It seems like the USD (DXY) reached an important resistance zone and revert. I expect now it to correct for the next few days before the next bullish explosion. The XAUUSD is a good instrument to trade this correction since it goes in the opposite direction of the USD. We also have a double bottom forming at the 1170 level. Target 1 : 1213 (1.618 fib...