fr.ortiz88

fr.ortiz88

In my previous post, i was short gold and Stop loss was hit. I was expecting a bearish continuation with a daily closed below 1185. However, the position reverse and my thinking as well. i will enter a long position with a daily close above 1215 or a short position below 1180. Also, its is important to take a look at the direction of the US Dollar.

fr.ortiz88

Inverse right triangle broken.

fr.ortiz88

Currently, I am short gold do to the broken symmetrical triangle created from August 27 to September 26. Not only im short gold technically but also fundamental. The reason is the FED are still planning to raise interest rate 1 mire time in 2018 but also 4 more time in 2019. Meaning that the USD will appreciated against more currency, making the dollar position...

fr.ortiz88

Symmetrical Triangle Broken.

fr.ortiz88

Oil has been in a 9 month inverse descending triangle which is a bullish continuation. Oil data continues to be report lower than expected which is another bullish signal. From july until now oil has been creating an inverse Head and Shoulder. As we can see today we broke the left shoulder to the upside. Im expecting a retest of the 70.5 level and continue its...

fr.ortiz88

Crypto family bitcoin is here to stay but we a bumpy few more month. Let Jump into the daily chart. As you can see in the daily chart we have ton of conjunction or Buy liquidity run between 11,500-12,000. Many trader were calling the head and shoulder pattern break out especially when BTC/USD broke the bearish upper trend line. As you can see we fail to break...

fr.ortiz88

Once again market maker to BTCUSD to the Buy Stop Order to fake out a bull run. I believe BTCUSD will run to 8400 Buy limit and run down to 6k.

fr.ortiz88

Levels to look out for.. Green lines are support and red is resistance.Braking 9257 will take us back to a double bottom. Braking the 200 ma means we have enter into a crypto bear market.

fr.ortiz88

Almighty BTC couldnt breakout of the bearish trend. Creating bearish formation heading to 9257 support. I believe the 9257 is an extremly important support becuase if the support hold BTC might attempt to finish the reverse head and shoulders pattern. However, Breaking the 9257 support will invalid the inverse head and shoulders sending BTC to a double bottom...

fr.ortiz88

EURUSD will be correcting with a mid term target of 1.153 because we expect a surge on the dollar. The reason is because THE ECB is not expecting to raise interest rate until 2019 and quantitative easing was extended until the end of 2018. The dollar is expected to raise rate 3 time in 2018, 2 time in 2019. However, the FED'S are hawkish but at the end if all...

fr.ortiz88

EURUSD will be correcting with a mid term target of 1.153 because we expect a surge on the dollar. The reason is because THE ECB is not expecting to raise interest rate until 2019 and quantitative easing was extended until the end of 2018. The dollar is expected to raise rate 3 time in 2018, 2 time in 2019. However, the FED'S are hawkish but at the end if all...

fr.ortiz88

NZDJPY has been in a bearish trend 9-14-2017. Since than all commodities prices has continue to fall. Also, I expect Gold, Oil, Cooper and Silver continue to drop. NZD is a stronger currency and i expect NZD to reverse in the first Q1 of 2018. I normally risk 1.5% of my account but since im anticipating the move. i will only risk 0.75% per position in case my SL...

fr.ortiz88

Oil inventories has been lower than expected by the raise in oil has been to due to spill on the Dakota pipeline and the on going war in the threats of COLD war in the middle east.

fr.ortiz88

GBPAUD: Has been in a great uptrend due strong pound first as the market was pricing in the rate hike we had in November. After BREXIT inflation in England has spike due a 30 % devaluation on the pound. The devaluation on the pound put a dent of import because business were paying more money for imported goods this cause and increase in prices for good in the...

fr.ortiz88 Updated 

The US dollar made a major reversal from the year low of 91 to 94.105 Due to Hawkish Central Bank. Janet Yellen statement of FOMC that as long Wages continues to Raises, Inflation stays above 2% and The US is on Full Employment the Federal Reserve will raising rates in 0.25% December 2017 , 0.25% x 3 more times in 2018, 0.25% x 1 more time in 2019 and 0.25 X 1...

fr.ortiz88

This is a great trade setup. Since the bank of canada is expecting up coming data in order to hike interest rate in 2018 good CPI data will boots investor in their currency and since JPY has low inflation, negative interest rate this will be a good trading set up if data better than expected. SL 88.05 40 pips ENTRY 88.4 Take Profit 89.85 144 pips

fr.ortiz88 Updated 

NZD has been extremely bearish since new Prime Minister in Power, Lower Business Sentiment, Low commodities prices continues to make NZD under preassure. On the other hand Canada has stated many time if economic data continues to get stronger they will raise rates again in 2018. Meaning if CORE CPI comes better than expected we will be shorting this pair. NZDCAD...

fr.ortiz88

The Second rally started on 10-13-2017 on the announcement of trump tax cuts. The Dollar was getting price in before the vote. DX rally from 92.585 to 95.10. Ive been expecting another 50 % retracement before the next rally which puts us at 93.84. .This is key beaucase we have CPI Data/GDP Again similar to the first rally