IvanLabrie
Long

EURUSD: Time at mode and FOMC key levels update

FX:EURUSD   Euro Fx/U.S. Dollar
I have entered a long position today, as depicted on chart. I closed 50% of it when it reached the 1R profit mark to make it risk free, and moved the stop los to entry now.

I'll be looking to add to this trade, in case we confirm a time at mode trend signal like the one depicted on chart.
Once we find the top here, would look for the opposite side of the trade, but not for now.
A weekly close above 1.09964 would be a great bullish signal here.

Stay tuned for updates, next week will be instrumental.
Cheers,

Ivan Labrie.
Time at Mode FX.

PS: If interested in mentoring or trading signals, contact me privately, see my profile for details.
Comment: We closed the week above FOMC support, and above the weekly mode.
I doubled my position before the weekly close. Currently a risk free trade as is.
Next week we might further chances to add to EURUSD longs if the uptrend confirms.
Target on chart would be a logical level to aim for.
Keep in mind we have a monthly base from even longer, so, it could evolve into a gigantic move without much problem.
Comment: Monthly view:
snapshot
Comment: We have reached monthly resistance, I took a short position off this zone.
Trade active
Comment: I covered my short at 1.109.
I'm expecting more upside, we can rejoin the long side, or just wait to short the top.

The short stops should get hit soon.
Comment: Uptrend target is still valid. Looking to long eurusd off support.
Comment: Nice bullish momentum after expanding the weekly range.

I see this target as valid still, and would look into going long or adding to longs overall.
Beautiful looking triangle xD
+1 Reply
IvanLabrie PRO NickCoulby
I don't want to put labels on it. Not sure what it is.
Reply
NickCoulby PRO IvanLabrie
It's... DATA
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IvanLabrie PRO NickCoulby
I think it can be what you want it to be haha.
In time at mode terms, it's acting perfectly by the book.
Hit mode, go up. Weekly rgmov not down...Closing above the mode now.
+1 Reply
NickCoulby PRO IvanLabrie
Certainly is
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Thanks for insight Ivan. Appreciated!! Have a fantastic weekend.
+1 Reply
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