After a positive feedback from ECB's President Draghi, I start to go Long. The reason why I do this is because we still in the Buyers Territory after all. So after a powerful V-Formation, the Euro starts to pullback and stop at the last Support with a Long Bull Candle with a quite long tail or shadow candle. Then I decided to entry a Long Position right after the...
After a bearish week, The EURUSD is doing a retracement to keep with the uptrend? or Are we seeing the end of the 2017 bullish trend? also the US Dollar Index won strength las week, so... who knows. My recomendation is to WAIT until the market defines the consolidation of the uptrend, or the price breaks below the previous low. At the same time we are finding a...
The EURMXN maintains the bullish momentum after the good economic results released during the last press conference two weeks ago by the president of the European Central Bank, Mario Draghi (Find below, all the ECB press conference highlights) The pair couldn't break the previous resistance now support zone, maintaining the up trend. My recommendation is to buy...
After a bearish week, the USDMXN found a support level (@18.55) that sellers could not break (yet), regardless that the US Dollar Index keeps losing strength, it is a good opportunity to buy with a 2:1 risk and reward ratio with our target @19.26 and our stop loss @18.41.
The AUDUSD pair it is finding a resistance level at 0.78894 that matches with a 0.618 Fibonacci level, if the price breaks above this level, it is a good opportunity to buy, expecting to find the next supply zone at 0.80452. If the price rebounds below the resistance, we can sell short, with our target at the fibonacci level 0.382 at 0.77450 (previous support...
After an upside rally since June 2017, the WTI found a "two year" resistance (May-June 2015) at 62.50. If the price breaks above this resistance zone, it is a good opportunity to "buy and hold" expecting to find the next resistance level at 67. Otherwise we can sell short, expecting the quote make a retracement at the fibonacci level 0.236 at 57.70 (previous:...
At the end of the first week of 2018 the USDMXN pair found a pivot point matching a previous resistance (now could work as support) and a demand zone. My recommendation is to wait until the price confirm the downside breakout to sell short with the target at the next support point at 18.52, if the price breaks the down trend, we can buy with our next target at...
The EUR/USD pair drifted a bit higher during the trading session on Thursday, reaching towards the 1.20891 level, touching a resistance zone and making a "double top". At this pivot point is better to wait the resistance breakout confirmation to buy with our target at the next pivot piont at 1.22482. If the price couldn´t break above the resistance level, we...