Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary:
USD/CAD violated the level that shows no interest from weekly long Algos. We were stopped out of 2 positions at breakeven.
EUR/USD: the 1.9060 area identified 8 days in advance kept pushing prices higher after offering a risk-free position.
USD/JPY: we took a short in the room and this market has the potential to retest the 112 area.
GBP/USD: weekly target at 1.3950 has been hit. Shorts are risky at this point, we will need to way for a healthy retest.
AUD/JPY: still moving laterally between 80 and 82 with a bullish bias
NZD/USD: is the proof of the 80/20 of trading, i.e. that 80% of the gains come from the trades we let run.
Finally we quikly reviewed DX, S&P500, Gold and Silver.
See you on Sunday evening for a the market review for the new week.
~FibStalker
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