ttafa

ttafa

Play the range or buy/sell break of channel.

ttafa

On 8/11/17 I said, ''The pair is testing a very strong pivot and break and hold below could accelerate decline''. The title of my opinion was 'Break of 113.70 COULD accelerate decline'. The pair broke the mentioned level and is holding below. 113 is the near target followed by 111.70. These are just price projections that may not be reached in the timeframes that...

ttafa

USOIL has been locked up in a tight consolidation between ~ 56.65 - 57.40. Breakout is anticipated soon for direction.

ttafa

Breakout of trendline is making progress and 1305 is magnet. Stochastic on daily timeframe is well-directed and supportive of move higher.

ttafa Updated 

The pair is testing very a strong pivot and break and hold below could accelerate decline

ttafa

The pair has broken, re-tested and is bouncing of the trendline originating from 08/09/17. Should the breakout gather pace, 1305 could be reached in a hurry.

ttafa Updated 

The pair recently broke the neck line of the classical head and shoulders pattern. The neckline is being re-tested. Any spike higher could present a better entry for the short PLAY.

ttafa

Long here. Stop loss below 1260.

ttafa Updated 

With some indices breaking out to new highs in regular fashion, I am left wondering if the AUS200 will join the party on a break of the 2 year descending resistance hovering above. If it does, there is no visible resistance until the 2007 top at 6.581

ttafa Updated 

Last week saw USOIL break out of the 2 year descending trend line. There is one more hurdle at 55.20 before POTENTIAL upside price acceleration. If 55.20 breaks, I would wait for price to correct lower to 52.50 for a BIG long opportunity

ttafa Updated 

I expect retracement from zone 1.2931 to 1.3010. 1.2931 is the 0.5 fib of the 05/17- 09/17 decline. 1.3010 is the 200 day SMA. The 01/17 swing low is at 1.2969.

ttafa

Continued rejection @ 114.50 portends the pair could roll over soon. If pair closes below that LEVEL today, I am going to sell the pair at market and place stop loss 5 pips above today's high. With most equity indices hovering at all time highs, risk reversal is rising each day and this could be supportive of YEN strength should we see risk aversion begin to pan out.

ttafa Updated 

There was a descending trendline breakout on 25/10/17 following BOC rate decision. I am looking for trendline re-test and hold for upside acceleration. Stop loss below 26/10/17 low. First target around 1.5270. Second target at trendline origin at 1.6097.

ttafa

Big picture, gold is finding itselt trapped in a wedge/triangle. Space is getting tighter and tighter and soon could see a BIG break for a directional move. Will be monitoring this very closely.

ttafa

Big picture, the pair has been coiling in a triangle since the 2015 top. The triangle is running out of space and this signals a breakout is on the horizon. The FOMC this evening may provide the needed spark. Keep a close eye!

ttafa

Price action is caught up between a possible bear flag formation and the 3-year descending trend line ahead. I would watch out for a breakout either way. Break of descending trend line could see 1.5 tested. On the other hand, break to the downside could test 2016 low @ 1.1905.

ttafa Updated 

The pair has just sliced the ascending trend line dating back to 08/09/17. I am expecting a re-test of the line before downside continuation. ST @ 114.00. 1st target 111.66 (October 17 swing low).

ttafa Updated 

EURJPY has developed a clean 5-week range between 131.60 and and 134.50. I expect range floor to hold if equities continue charging higher but should we see risk aversion in the markets, a drop off the cliff is anticipated.