salsapete

salsapete

The EUR is gaining ground on the Kiwi . Two cues to go long were 1. Breaking the trendline resistance in MId July 2020 2. Alignment of MAV's yesterday. Go long 1. Enter current candle 2. Target - 1.95 ( 2011 high) 3. Stop - 1.71 ( swing low) 4. RR = 2.5 Yes... there is a lot of pips involved..... position size appropriately to control your risk to < 2%....

salsapete

The Euro had made a strong move from 1.42 to 1.60 early in the year. Price then retraced (.50 level) and consolidated around 1.50. A second impulsive wave has seen price again move to 1.60 and in the last few bars retrace. This could be the start of a double top or maybe the handle is forming for a C&H .... it's too early to tell. The bias is presently set to...

salsapete

In the past year EURAUD has ranged within horizontal channel between 1.59 and 1.65 ........ Then the pandemic issued what looks to be a pump and dump ..... this is no ordinary trash .... these are major currency's. Anyway , we are 41 bars from the swing low and there is alignment of all 4 short term Daily MAV's to the upside ... It is a wait and see , if in...

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The Aussie has gained on the Kiwi from Parity of March 2020 and has risen to 1.08 , with a 3 mth period of consolidation. A breakout of this consolidation may occur . The bias is to the long side. ( with alignment of all 4 short term Daily MAV within the last 2 bars) . 1. Enter Long - on present bar 2. Target - 1.1475 ( 618 extension of swing from parity)...

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Bitcoin has seen price move up nearly threefold from March low around 3900 to the present value 11,200. A significant downtrend from 2018 has been broken and awaiting price to be tested at previous peaks of 12000 and 14000. A long bias is taken ( as all 4 short term daily MAV are aligned to the upside) . Momentum is to the high side, but has not entered OS...

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Coffee has moved from a 2020 low in May of $ 95 to the present of $ 120 ( 45 bars) . The bias is to the long side ( all Daily MAV to upside since late June ) , and recent break of downtrend from Nov 2019. Enter - around 119 Target - around 141 ( prior high) Stop - 108 ( 3 atr) RR = 2

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Wheat achieved a high of 590 in early 2020 and has subsequently moved down in 2 waves , within a channel structure . There may be another wave to the downside ( suggested by the recent 8/13 MAV cross down). The malalignment of the longer term MAVs (30/50) suggests this will only be a short term corrective move. A suggested short is 1. Enter - around 5.15 2....

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Lumber has moved up in price more than two fold from a low of 248 in April 2020 to current levels above 600. Momentum to the upside is strong ( RSI near 70 level and 30 day > 50 day) . The bias continues to the upside ( all short term daily averages aligned up) . The All Time High price looms above at 648 . I am wondering if this soft commodity can do what...

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Sugar has seen multiyear low at .09 USD in April 2020. Since then price has rallied and then paused for much of June and July. Price has now broken out of congestion and may now reestablish the next impulse up. With all short term daily mav's aligned, the bias is long. Enter - on next bar ( around .1260) Target - between .1430 and .1570 Stop - below...

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EURYEN has scaled up from a low of 115 to a present 125. The bias is presently to long the Euro , with all daily MAV;s reset in line ( since 8th July) . Entry for a long could be on this present daily candle bar. Targets are set for the longer term on the weekly chart. The first target is 1. 1.27 - which is the next swing resistance ( and 1.27 fib extension...

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Pound Yen has progressed from 123 to 138. You can see price movement either within a channel or an ascending triangle. With all short and medium term daily averages inline to the upside, the bias is long. Entry points could be with either 1. Breakout at 1.40 or 2. Retrace - channel support 1.35 - 1.36 3. Stop would be at prior swing low Your risk apatite...

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The Aussie Yen has been in recent ascending triangle consolidation , impeded by prior swing high around 76.50. Volatility has dramatically reduced with daily ATR around 0.70 yen. The prior trend was up from 59 , and the present bias is to the upside ( 20>50 MAV) . Pointless trading within this consolidation. Awaiting a breakout and trade in its...

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Live Cattle has seen prices at a high of 127-130 over the last 3 years. Price has bottomed at the end of April 2020 and since been on the rise. Looking for price to retrace back towards the prior swing high. 1. Enter - on next candle 2. Stop - around 98.35 ( 3 atr ) 3. Target - around 115.50 ( .618 extension ) 4. Risk Reward = 2.8

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AUDUSD has been on the move up from .55 at March low. Considering entering with the uptrend on retracement. Suitable area 1 Retest of horizontal support 2. Trendline support 3. Near the 100 MAV 4. Atleast .382 retracement 1. Enter - around .7025 2. Target - .7450 ( 618 extension) 3. Stop - .6850 ( below monthly pivot) 4. RR = 2 +

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The Kiwi has advanced against US dollar. It appears now to be in a corrective move down towards the intraday channel support 1. Enter long - 66.05 ( horizontal support) 2. Target - .6790 ( 618 extension) 3. Stop - .6530 ( near swing low) 4. RR = 3

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On an intraday basis the Pound is gaining on the Buck , and has found support at 50 period MAV. Consider a long towards top of channel. 1. Enter - 1.2780 ( near 50 MAV) 2. Target - 1.3080 ( .618 extension) 3. Stop - 1.2645 (near the recent swing low) 4. RR = 2

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Gold is making a corrective move down.... looking for more upside to this metal Trade on chart ......

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The EURO Yen may be forming a cup and handle formation , within an ascending channel, on the intraday chart. If this is so , there should only be a shallow retracement to the handle , before an opportunity to go long. 1. Enter Long - around 122.50 2. Stop - 121.00 ( outside of .786 retracement of current swing and the supporting trendline) 3. Target - ...