http://www.forexstreet.net/profile/CesarBLeiceaga807
Hey! Im moving to the network, a better place for everyone were we can chat, share, trade together.
LETS GO!!
follow me on twitter @CesarBLeiceaga
http://www.forexstreet.net/profile/CesarBLeiceaga807
Hey! Im moving to the network, a better place for everyone were we can chat, share, trade together.
LETS GO!!
follow me on twitter @CesarBLeiceaga
EUR/USD: Weekly bearish trendline and previous highs at 1.4280 - 1.4300 about to be tested and an AB=CD complete pattern proyection in 1.5215. Also retail short positioning is reaching 70%, announcing a probable contrarian move, therefore waiting for buy setups based on trending strategies.
EUR/GBP rejected at the daily bearish trendline +50% Fib in 0.8740 - 0.8760. A push above this area could trigger a short covering rally towards the 61.8% retracement in 0.8900.
Keep an eye on both!
César B.Leiceaga
Booked profit last night for the last strategy proposed and repeating it on a trend following trade. (see chart for details). Waiting for corrections to keep buying. Switching to longer term frames we could argue there’s been a severe reversal and a bottom is in process. Stay tuned!
César B.Leiceaga
Buying this dip at pivot+trendline support around 1.4040, adding to the position if we get a retrace to 1.3900/40 support+S1+Daily 200EMA. Stop placed at 1.3800 and TARGET at the top of the congestion area in 1.4270 - 1.4300 area.
Remember this is a medium to long term strategy so do not over leverage please!
Good luck!
César B.Leiceaga
Pushing through buy stop orders mentioned yesterday, the cross is finding bullish momentum mostly due to the continued weakness on the australian dollar.
The pattern warned a breakout sooner or later and If it manages to close the week on a positive note we should expect further gains on the following weeks/months.
The congestion zone ahead between 1.4050 and 1.4300 could initially cap the upside move but bearing in mind the technical and fundamental situation I’d rather wait for a dip to buy the cross close to the recently eroded 200EMA between 1.3940 and 1.39 figure.
Stay tuned!
César B.Leiceaga
EUR/USD: Long 1.3820, added on Sundays gap fill in 1.3925 = Average 1.3872. Moved STOP to Breakeven on a risk free trade. Targets 1.4000 - 1.4030 resistance zone.
EUR/GBP: Closed out +120 pips
SILVER: Bought on the stop hunt at 34.35 Moved STOP to BE and TARGETING 36.70 highs.
Under surveillance:
Daily Ascending Triangle on EUR/AUD
Trending and close to the daily 200EMA I suppose heavy buy stop orders are placed between 1.3860 and 1.4000 range. I’ll deliver an update if I come to some kind of trading idea.
César B.Leiceaga