RiccardoAnnoni

RiccardoAnnoni

The 1.145 top was followed by a swift decline in price, piercing the 1.1 support. Now as you can see the 100SMA flattened on the H1 chart and that can be an aggressive way to BUY EURUSD betting on a resume of uptrend. Of course you will take care to place a STOP LOSS at a daily close below 1.0825 (100 pips down from the actual price) and target T1=1.11 (sell half...

RiccardoAnnoni

Dear traders, it's only a 4H chart (U know I love daily charts!) but it is showing a sort of rebound at 1.53000. The triple 000 can be a perfect support for the GBP to start a leg up. I am not sure but if you like great R/R ratio, that is one you can try: BUY GBPUSD with a STOP LOSS if a daily candle closes below 1.53 Take profit at 1.5425 and move half of the...

RiccardoAnnoni

Dear traders, as you can see EURUSD is hitting a key support and it is expected to rise. Yet we have to notice that the closing price on FRIDAY was a the bottom of the range that means that bears were in full control til the end of the day. My humble idea is that: on MONDAY we do nothing and stay flat. If price rebounds on Monday, then we buy the very next...

RiccardoAnnoni

Dear traders, XAUUSD has established itself above the 20SMA that also show a quite bullish slope. I would see the recent losses as a corrective pullback and I am willing ti BUY with a SL if it closes below 1200. Five consecutive bullish candles (12-19 May) tell me that money are entering this market, and so do I. Cheers Riccardo

RiccardoAnnoni

Dear traders, of course this is not a high probability trade, but the P/R ratio is very high. Put your breaks on if price closes above 1,085 and target the 20SMA. If you are in BUY only mood, the wait for a retracement followed by a bullish print to BUY at bargain price. Cheers Riccardo

RiccardoAnnoni

Dear traders, as you can see GBPJPY gained 1000+pips in two weeks and now at 188 it has been printing bearish tails for 3 days. My guess is that GBPJPY has to go down to 185/186 to find new buyers and try to break above 188 later. Right now I am seeling for a quick profit, then I will be buyer again at a bullish daily sign at support. Cheers Riccardo

RiccardoAnnoni

Dear traders, AUDNZD is going up with such convinction that it will certainly touch 1.1 but then what? Between 1.1 and 1.13 there is a lot of noise and we can play mean reversion after the first bearish sign on a 1D candle. Cheers R

RiccardoAnnoni

Dear traders, as you can see AUDJPY is printing higher lows but can't print higher highs. 96YEN seems to be a serious resistance and selling at this level is an idea worth considering. Cheers R

RiccardoAnnoni

Dear Traders, as you can see at 1.1 there is a confluence of a key support area plus the 20 SMA. Let's wait and see if EURUSD prints a bullish candle down there; that would be a decent opportunity to BUY EURUSD for a 400/500 pips ride on the upside. Cheers R

RiccardoAnnoni

Dear traders, if you are thinking of catching a falling knife, try to BUY NZDGBP. Of course there is plenty of space upside to play a mean reversion trade, or to sell from a last kiss at 0.48. But please wait for some more clue on GBP that will come out Wednesday. We have Average Earnings Index and BOE Gov Carney Speaks + BOE Inflation Report. This could be the...

RiccardoAnnoni

Dear traders, what can't go up will fall down. That's my point in selling AUDUSD with a stop loss at a daily close above 0.8. Trade with care and patience! R

RiccardoAnnoni

Dear traders, as you can see last week USDCHF posted a massive Hammer refusing to even touch support at 0.9. My idea is that the market is going up reaching for 0.95. Please take your time to look at the daily chart and you will see that the bullishness creating the Hammer comes from the very last 2 days of the week, Thursday and Friday, and that to me is a very...

RiccardoAnnoni

Dear traders, my humble opinion is that at the present moment 1.2 is the floor of this market, a key support. I am going to BUY this pair aiming at 1.24 and taking a loss at a daily close below the low of the last 2 weeks. Cheers R

RiccardoAnnoni

Dear traders, from a tech point of view we have the instrument refusing to break resistance at 136 and the candle from Friday has a very negative bias as there is absolutely no refusal of low prices. My idea is just like that: sell at 134.2 target 132 and stop loss at 136. Cheers R

RiccardoAnnoni

Dear traders, as we are going into NFP, let's wait for a bearish signal to go short this instrument. Of course there are still a lot of sellers in this market and the major trend is still bearish. Cheers R

RiccardoAnnoni

After Greece is grinding down DAX, we see Yellen is trying to devaluate USD by means of talking stock market is too high nowadays. Add that Friday is NFP's day and that 12th May Greece will have to pay back 700m EUR to FMI. Two good reason to take a break and wait to reenter market at a bargain price. BTW EURUSD will go 1.15 and I will sell from there at the...

RiccardoAnnoni

Dear traders, Greece’s bailout crisis deepens as the European Commission rips up its previous growth forecasts. As the Greek talks drag on with little sign of agreement, and next Monday’s eurogroup meeting suddenly not expected to produce much progress, stock markets turned sharply into negative territory. Now we have a SUPER STRONG SUPPORT down at 11000 with a...

RiccardoAnnoni

Dear traders, here is a KI.S.S. trade: you sell right now EURJPY with stop loss at a close above 135 and take profit at 130 or on the SMA20. Why not? Cheers R