Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary:
We started our review with the EUR/USD that has moved higher and it is now in search for resistance. This market has the potential to move into 1.1050 and then start a new move lower into 1.0720 and then 1.0550.
The NDZ/USD confirmed once again the 80/20 rule. 80% of gains coming from 20% of swing trades as this market is revisiting highs. The first target is 300pips above entry at 0.6550.
AUD/USD has strongly continued higher and hit 1st target at 0.7320 as mentioned before and now has the potential for 0.7430. AUSD/JPY has also showed strength, broke out above the consolidation area into first target at 83.50 and could continue higher into 85.40. If it retraces into 82.50 that's a long into 85.40 for almost 300 pips.
Finally we review the S&P500, one or 2 sessions below its 2,003 target and Gold that has broken above the consolidation on top of recent extended support.
Next week is going to be rich of opportunities.
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