lacasafxfamily

lacasafxfamily

DXY has been on a bull streak since (how is seems forever now tbh). It is now up against a fierce downtrend that has not been broken since Dec 2018. While we expect DXY to still go higher this year, we believe that it is due for correction before doing so. Long positions on EUR and GBP can be taken from now using small lots and adding after the FED talk today....

lacasafxfamily

This is a simple setup that often happens in forex that can be implemented on any time frame and actually a trade we entered earlier today, we thought of sharing its principles behind it. We have been monitoring this pair and as you can see it has been been trading in a downward trend forming a falling wedge pattern. While waiting for an Entry we needed a...

lacasafxfamily Updated 

"Tapering" by definition is the reduction of the rate at which a central bank accumulates new assets on its balance sheet under a policy of QE. It is the first step in the process of either winding down—or completely withdrawing from—a monetary stimulus program that has already been executed. The highly inflated market -still- is headed for a fierce battle,...

lacasafxfamily Updated 

"Tapering" by definition is the reduction of the rate at which a central bank accumulates new assets on its balance sheet under a policy of QE . It is the first step in the process of either winding down—or completely withdrawing from—a monetary stimulus program that has already been executed. The highly inflated market -still- is headed for a fierce battle,...

lacasafxfamily

This trade is not far different from our previous trade on JPY pairs, GBPJPY is approaching a supply zone and is likely going to start declining from it. We can target the following 165.74 and 163.6 keeping your SL as shown in case of further deuteriation of the JPY. Good luck!

lacasafxfamily

Trading is not always the way to go, buying assets outwhey trading in the scale sometimes. This is one of these cases, simple. There is no need to trade Amazon, buy it and forget it. Write to us when the stock hits $1k ;) Do not Miss this. Yours, Lacasa Family

lacasafxfamily

JPY pairs are highly volatile on their own and are not recommended to trade for small accounts. Especially when you add CAD to them. CAD pairs sync well with WTI more often, with the recent spike in WTI no wonder CADJPY skyrocketed. The pair has entered the supply zone and will likely start to decline soon. Adding to it OPEC's decision of increasing oil...

lacasafxfamily

We have shorted gold at $1840 but do still believe in the continuation of the bearish movement. This is supported by: 1) Double top pattern where the neckline just broke. 2) Bearish Harmonic. 3) Recovery of the US. dollar.

lacasafxfamily Updated 

WTI failed to break above March’s high at $115.90 and has formed a bearish harmonic pattern . Our view on WTI is bearish on the short term, further drop will likely test the daily uptrend line.

lacasafxfamily

AB=CD You can look for the price to retrace back to point A or at least half or two thirds of the entire AB=CD move - Good luck!

lacasafxfamily Updated 

US100 completed a bearish run on 4hrs frame, closing a daily frame above 11,700 should drive the price to test the upper Fibo levels. U30 has not bottomed yet unfortunately (expected bottoms are 30550 & pre-COVID peak 29515), continuous downward trend could drag US100 with it.

lacasafxfamily

Double top pattern in formation, confirmation below the neckline the pattern's full target. Weekly negative closing is an indicator of down trend continuation, in addition to Fed's interest rate hike in June.