salsapete

salsapete

The Kiwi in 2020 has moved from a high of .6750 at the start of the year and a Covid low near .5450 in March 2020 ( which was beyond 3 standard deviation of price movement and considerably oversold) . Price is recovering , with a 50% retracement of the recently weekly swing down. The weekly area of horizontal resistance is around .6200 ( wrt sept 2019 and...

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Gold appears to have made a 5 wave impulsive move from Aug 2018 and completed in March 2020. A corrective phase may be in play with waves a and b completed. If so then the next is a c wave to the downside. Fibonacci extension of the a wave and Fibonacci retracement of the impulsive waves sets a projected target to the downside between $1324 - $ 1368. Entry =...

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GBPAUD has been on an uptrend since July 2019 , within a well defined channel structure. Divergence has been in play since end of Jan 2020. Price is in the top half of the channel recently, and there has been a sharp rejection when price has risen above 2.04 (twice in March 2020. ) Considering a trade in direction of the market 1. Enter long - around...

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EURGBP are in a 10 point range for the past 4 years. The trade is neutral at present. The Sell will come at .93 , with a stop at .95 and target of .85 . RR=4 The buy will come at .83, with stop at ,81 and a target of .91. RR 4 Otherwise , give it a miss.....

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Gold has entered into the Overbought region in 2008, 2010 and 2019. Furthermore a divergence of price and momentum has shown a sharp correction shortly thereafter. This may be occurring now, with a divergence looking to developing. A short is considered 1. Enter - $ 1685 2. Stop - $ 1725 3. Target - $ 1350 4. RR = 8

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Oil is plummeting in recent weeks. The Suadi's are putting pressure on Russians for not complying with OPEC production targets , and have ramped up supply. Put this into the context of the US-China trade war and the global effects on all economies with the Covid 19 virus and demand diminishes. It is obvious that current price is haemorrhaging money out of The...

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The Aussie has all 3 moving averages in line , confirming the momentum to the downside. Go with the flow and look for a short Entry - .62 Stop - above recent high of .67 Target - .50 RR = 2+.....

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The ASX200 has been in freefall in 2020 with the rise of the Global Pandemic. The recent price bounce is off an area of support, and coincides with the US Presidents remarks on being back up and running by Easter 2020. Good luck with that. Price will rise (on this announcement) , but resistance may be felt at the prior swing low. Look to short this market, as...

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Pound is at the top of a long standing channel, with price in the overbought zone and divergent to momentum. Considering this as a potential reversal zone, not only to the longer term means , but also towards channel support. The short idea is on chart ....

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Possible bullish Pound Flag in the making.. Enter at support of flag at 1.2780 Stop below 50 mav Target - flag pole extension @ 1.3570 RR = 6

salsapete

Possibility of an ABC channel setup for gold Look to short 1. Enter - between the .5 and .618 fib retracement of current minor swing down leg , to the horizontal resistance around 1484. 2. Stop - just above B point 3. Target - Channel support at point C around 1425. RR around 2......

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Since April 2018 the Aussie has been contained to the upside by the 200 MAV. As price approaches this dynamic resistance considering a short 1. Short - around .6950. 2. Stop - above Monthly R1 around .7010 3. Target - prior low .6880 RR = 4.5......

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Looking for a confluent zone to short Kiwi Short entry - Confluent zone = R2 monthly pivot , 200 MAV, .618 fib retracement. Stop - just outside .782 fib Target - Montly S1 Pivot RR = 3

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Considering a short trade for Gold 1. Entry - at top of channel , with strong overlying resistance by 200 MAV and the monthly Pivot Point. 2. Stop above the prior channel swing high 3. Target - the bottom of channel and the Monthly S1 pivot RR = 2.5 + ... resistance expected at range low of 1480 and prior swing low of 1462.

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Gold is clearly now in a corrective mode , with more likely to follow. Consider 1. Entry at horizontal resistance 2. Target prior horizontal level now support. 3. Stop above monthly pivot point Risk reward is 3+

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A H&S pattern may be in the making for this index. Momentum is waning with the current impulsive uptrend, and price looks to correct towards the longer time frame MA's. A short trade can be considered , as charted , considering a stopped out position just above a potential right shoulder. The targets could be the monthly S1 and S2 pivots, the latter providing...

salsapete Updated 

Looking for a correction of the current impulsive wave , targeting either the nearest level of support or the 200 period MAV/fib .50 level. The stop is above the minor swing high. The risk reward is between 2 and 3.

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EURUSD is near channel resistance. Considering a short , with the possibility that point B , the last lower high holds. Enter now Stop above B point. Target the channel trendline support The RR is worth the consideration at 4+