jbourgault

jbourgault

The DXY just reached an important resistance and reversed. The EURUSD and GBPUSD pairs seem like good instrucments to trade the USD correction. Target : 1.082 (0.618 fib extension + previous important level) Stop loss : 1.051 (couple pips below previous low) Breakeven : 1.0677 (previous high on smaller timeframe...just in case price revert)

jbourgault

Seems like a good support has build in the last few days. A breakout just happened on silver. I'm entered long. Breakeven : ~16.85 Target #1: 17.07 Target #2 : TBD Stop loss : 16.48

jbourgault

All JPY pairs are meeting strong resistance + seems like the NIKKEI needs a little rest. The NZDUSD presents a nice 1-5 cycle ending, followed by a good retracement (wave A). Seems like wave B is over. I'm now trying to enter short on lower timeframe (30 min) for wave C on the 4h timeframe.

jbourgault

Seems like price reached a good support level. Be careful though (not good volume yet). I would expect price to range since now for a couple weeks before going up just like ETH did.

jbourgault

Price just hit good support zone. I'm going long until price reach the 0.0156 level.

jbourgault

It seems that the price is following a long term down channel which could lead to the 0.62-0.60 level. For that to happen, the USDOLLAR will need a good push from the fundamental though (keeping the rate hike chance at >60%).

jbourgault

Breakout followed by a retracement. Seems like a good opportunity to go long on this one.

jbourgault

Retracement of the previous breakout is almost complete. Price will face a double resistance which might bring the price down.

jbourgault Updated 

Support is building around the 1.44 level + a possible ABC correction following a potential wave 1 breakout. This is also correlated with USOIL wave B top which could bring the commodity down for a last C wave.

jbourgault

This pair might offer a very good risk ratio for a long trade on the daily timeframe. It seems like a upper channel is starting to take shape. We might see a triangle forming first. In a any case, we are at the very bottom of a potential channel which is a perfect spot to enter the market with a tight stop loss. Then move stop loss to breakeven as soon as we are...

jbourgault

Latest GBP data was quite good + double-bottom is forming on this pair + we had a breakout this morning with strong volume. I would wait for this pair de consolidate then buy. Seems like all the GBP pairs are finally moving up + all those pairs have lots of room on the up side.

jbourgault

Retracement complete. US data is terrible. September rate hike hope is fading slowy. Retracement is complete. Go short USD in general.

jbourgault

Given the latest US (disastrous) data release, I'm long on this pair (including EURUSD). I like this more though given the amazing room it has on the up side. Target ~1.38

jbourgault

Given the latest USDOLLAR bearish trend, this pair seems like ready to move up again. I'm already long on this one with half position size. Scenario A : the pair move up right away --> I'll buy the other half on the breakout of the 1.12 level. Scenario B : the pair down to retest the bottom of the current channel. I'll then buy the other half around the 1.111...

jbourgault

If we don't see a breakout of the current bearish channel, the propability are on the short side for this pair (and any other JPY pairs). I would prefer this pair though given the strong bearish trend on the USD in general. My first target is around 99. Then we'll see.

jbourgault

Here's why I'm waiting before investing in (vs trade) the market. We might break the long trend line. In that case I might wait for consolidation above it, then invest in equities. But until it's clear, technically speaking the propability are more on the down side. I'm try to update this idea on a montly basic to monitor where the market is.

jbourgault

Now that the RBA interest rate decision is behind us, the pair seems like ready to move up for a potential big move.

jbourgault

Seems like the weekly consolidation for the AUDUSD pair is over. The USDOLLAR is globally moving north has well.