salsapete

salsapete

The GBP USD seems on track to move and test the lowest demand zone on this chart. Look left and keep doing it for sometime for this Demand Zone. Short trade on chart

salsapete

IF we look at the Supply and Demand for the Aussie, we can see a stack of Sell Side between .70 and .75. Looking down there seems to be only 2 Demand Zones below. Once the buy orders are eliminated from the .66 level, it will likely be a quick ride to .60 level , because in the past .60 -.66 was a compression zone. This area leaves very little demand...

salsapete Updated 

Copper has been rejected from the Resistance Zone. Confirmation with Pinbar + Engulfing Bearish Candle = sellers in control. Oscillators indicate a dead cross favouring the sell side. Trade on chart.

salsapete

On the HTF the daily may be developing a Inverse H&S. This may be a reversal pattern , and looking for a long trade.

salsapete

WTI has been in Compression since Mid June. Price is now approximating Support. There may be enough buyers here to trigger a reversal. Confirmation would be needed ie. Buying pressure seen with Pinbars, Engulfing Outside Bars, Quadimodo Pattern within the Channel. Or wait for Channel Break and Retest and enter long. Trade on chart.

salsapete

There may be an Inverse H&S pattern developing with this Commodity Currency Pair. Price is still in the Right Shoulder region . Price to make a fresh touch of the Demand Zone and then a reversal in play. A long trade is suggested on chart.

salsapete

This pair look overextended on the Higher Time Frames. Price has been in consolidation for the last 12 weeks. This is a consideration for a reversion to the mean. IF we take the 50 period moving average and the 50 level Fibonacci, the 96.00 level seems appropriate. Trade on chart

salsapete

The AUDCHF is in a Wyckoff Redistribution. This UTAD may have now passed and the pair progress towards the markdown. Trade suggestion on chart.

salsapete

On the intraday chart there may be a Gartley Harmonic in play. A short day trade can be considered. Trade on chart with possibility of a good RR ( >50 pips) .

salsapete

Silver is below all longer term Moving Averages and has a bearish bias . A short trade is on chart 1. Entry - retracement of latest swing down. 2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV ) 3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension) RR = 3.

salsapete

The bias is to the downside with price well below the 100 MAV. Price recently has based around the 1.1630 and has seen a drop to 1.13. The next base may form around the 1.14 level. The RSI suggests that the Sellers are in control ( with momentum steadily travelling below 50 level) Short trade considerations on chart , with targets set by Fib extensions.

salsapete

Copper has crossed the Daily River triggering a buy consideration. We can see momentum shifting from the selles to the buyers , as price and momentum shift to the upside. Trade on chart .

salsapete

Gold has been rejected from the above Supply Zone and contained by the 100/200 MAV's. Look to enter short . The projected positional trade is for a 1.27 fib extension = 1625.

salsapete

The bigger picture is for the Aussie to continue to be under pressure. Price has moved into No Mans Land , but the bearish overtone and the nearby Sell orders has pushed the T Line (5ema) below both the Long Term Moving Averages (100.200 ) . The last 2 candles have been 1. Bearish Breakout of the River = which can trigger a short. 2. The next candle is a...

salsapete

This is an idea for the S&P 500 to make further movement to the downside. The Trade Idea is on chart.

salsapete

Here is a look at the GBPUSD that looks to potentially form 2 important intraday pin bars - From confirmed Supply to potential Demand. If this zone in the 1.17 bracket confirms support , then look for price to retrace to the Fib Midpoint. The trade suggestion is with the Major Downtrend and continued weakness of the Pound. Trade on chart.

salsapete

The US NAS 100 is in a corrective phase. On chart is a trade suggestion 1. Scale into position with equal lot size from the recent close up fib levels ( Sell Limit Orders). 2. Stop Loss - above the recent Supply Zone High for all positions 3. Target - the .618 extension of entries and just beyond the .786 Fibonacci for prior up swing. 4. Risk - set to max...

salsapete

The S&P 500 has been on an uptrend from the Major Swing Low of 3633 to a region of Major Supply around 4300 (from early May 2022). Recent Intraday movement has seen a corrective movement with a Lower high and Lower Low. On chart is an idea to Play a River Crossing Strategy. A single trigger is in play and confirmation will likely come tomorrow. The RR is set...