Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary: USD/JPY continue lower as anticipated and now at 200 pips from target. Tomorrow target could be hit during the reaction to NFP news. GPY/USD is also very close to its short-term target at 169.50 which we mentioned at the beginning of the week.
After testing 169.50 tomorrow, we could witness a bounce from those levels again into 170.40.
I commented on the great opportunity in the USD/CAD that has broken the H4 shorts within the area of weekly participation long. At this stage I am carrying 2 risk-free trades long. There is an opportunity for a multi-month 2,100 pips move higher into 1.5860!
We looked at the EUR/USD which is now finally outside the lateral move seen in the last 2 months. On large timeframes the EUR/USD has potential to move higher up to 1.22, in a multi-month move.
In the room we also showed an example of application of the timing with the Continuation Style applied to recent breakout of the EUR/USD.
We closed, reminding that NZD/USD could offer a series of good long opportunities and trade into 0.7520 area, 900 pips higher.
Enjoy your weekend and see you on Sunday at 8.00PM EST.
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Come daily to Live Video and chat with experts and traders.
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After testing 169.50 tomorrow, we could witness a bounce from those levels again into 170.40.
I commented on the great opportunity in the USD/CAD that has broken the H4 shorts within the area of weekly participation long. At this stage I am carrying 2 risk-free trades long. There is an opportunity for a multi-month 2,100 pips move higher into 1.5860!
We looked at the EUR/USD which is now finally outside the lateral move seen in the last 2 months. On large timeframes the EUR/USD has potential to move higher up to 1.22, in a multi-month move.
In the room we also showed an example of application of the timing with the Continuation Style applied to recent breakout of the EUR/USD.
We closed, reminding that NZD/USD could offer a series of good long opportunities and trade into 0.7520 area, 900 pips higher.
Enjoy your weekend and see you on Sunday at 8.00PM EST.
-----
Come daily to Live Video and chat with experts and traders.
-----
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