We need a retracement entry, I missed the first market entry today, (I did get in on NZDUSD) but this one also has a great prospect ahead. I'll update with my entry short. Good luck! Ivan.
This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal. Currently moving sideways, this pair is in a race to see who eases faster. Will the RBA or the ECB win the race to the bottom? Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it. Good luck, Ivan.
The chart is clear, EURAUD is in an uptrend after completing wave B of a an apparent ZIGZAG correction, which fits the fundamental landscape surrounding the gold and RBA situation, as well as Tim West's time at mode methodology. Buy now with a 2 atr stop, target is lofty but achievable in this timeframe. I'll post scale in opportunities. Good luck!
Based on my lower timeframe analysis and the fact that rgmov has put on a new 2 month high despite price not making higher highs yet, I think this uptrend signal will be valid very soon. I'll enter long here, and let it run, it's worth the risk, even if it's a long shot. As an extra for my pitchfork enthusiast friends, there's a close past the trigger line of that...
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
Analysis on chart. I'd suggest waiting and buying lower if possible. Stop loss reccomendation doesn't change. See related ideas for more info. Good luck, Ivan.
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...
Well, it seems like GBPAUD decided to stop everyone and their mother out. In the chart I plotted a big monthly wedge/triangle every technical trader out there sees, which shows a clear fake breakout above, just an interesting thing to keep in mind, while the latest daily uptrend signal target got reached on the second day, way ahead of time. This fact makes me...
The chart depicts a gloomy picture for this pair. It would seem as if the longterm uptrend is coming to an end and possibly falling sharply in the coming days, weeks and maybe months. I'm using the forecasted weekly uptrend top as a stop location, but we can also use 3 atr%, which would be a 1.2% stop to stay safely in this trade. I'll enter a small position now,...
Time at mode analysis points to completion of a corrective move as price meets the profile balance point from the last high to mode distance, matching a downtrend signal timer expiration. We can already visualize a clear long entry, after 5 bars with no new lows, and a strong up bar in both daily and 4h charts, showing support was found at this critical time and...
As the fundamental situation is changing I am looking to join the new up trend building. RBNZ last year was rising rate and now they are thinking to cut, on the other hand RBA after the last cut is becoming more neutral. Technically this cross has made a new higher high coming from an all time low, at the moment it looks too stretched and in need of a technical...
AUD/GBP Tringle Breakout at bottom.....Long and Short posibily! After cutting the interest rate (RBA) on a new record low 2,00% (2,25% before) and a coming economic quarter forecast update a friday, so there could be a very nice move in the breakout direction! All eyes on the interesting support or resistance level!
PRICE HAS JUST MADE A HIGHER LOW WHICH LOOKS LIKE A GOOD OPPORTUNITY TO GET IN WITH THE UPTREND. THIS COULD BE A GOOD CHANCE TO GET IN BEFORE THE RBA STATEMENT ON TUESDAY. THEIR IS A VERY GOOD CHANCE THE RESERVE BANK OF AUSTRALIA (RBA) WILL CUT RATES WHICH WILL SIGNIFICANTLY WEAKEN THE AUSTRALIAN DOLLAR WHICH WILL CAUSE THIS PAIR TO APPRECIATE. THE REASON WHY IM...
This is what I'm seeing in this pair, on an Elliott Wave basis. I'd like to monitor the progress to confirm my suspicions, hence this publication. I'll nevertheless try to go long in the coming days, depending on price action. Cheers, Ivan.
Before checking out what's in store for us on the fundamental side of things I would have called this a no-brainer trading opportunity. On the daily chart we have recently put in a LLLC and presently we're retracing back into the previous 2 days highs. Not to mention we've had the completion of a bearish Cypher pattern at 1.3828 which I'd be looking to use as an...
Disappointing chinese data and USD strength has resulted in AUDUSD breaking out of its consolidation around the 76 cents to 79 cents range in the past month. Support at 76 cents was not strong enough to form a triple bottom. Prices likely to head lower with expectations of a further rate cut by the RBA. The only solace for the AUDUSD came from a better than...
Downtrend continuation confirmed, bearish flag breakout is in effect. Relative strength tells me it's the perfect time to enter short with a tight stop. Two possible entries, one under the low, and one at a possible retracement. 1.25% risk each, good luck!