IvanLabrie
Short

EURUSD: Short now, let Madame Y take care of it

FX:EURUSD   Euro Fx/U.S. Dollar
1084 37 25
Simple weekly time at mode setup.
EW analysis points to this being a triangle wave e completion.
I'm willing to take this short ahead of the weekend news, since I think it's likely to work.
Good luck if you decide to take it with me.
Cheers,
Ivan.
Trade closed: stop reached: Was a good short term short though.
I'm With You, Coach!
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Agree, if the triangle works if would be nice trade
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I do not agree
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long term

Looks simialr
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r.d.b.solutionz r.d.b.solutionz
Multiple rejections at resistance line
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Strong buying 1.0800
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I agree, there is strong resistance
EURUSD TO GAIN 200 PIPS FAST
and a cycle down will begin shortly, but overall trend is bullish, it should be just a correction after which uptrend will resume and price heading up to 1.18 in the coming weeks
EURCAD PREPARING FOR A RALLY
+1 Reply
Scenario #1:

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Scenario #2:

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Either way, I think this short will work.
I'll watch it closely, might be a great long if the bearish setup fails.
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IvanLabrie PRO IvanLabrie
If we fail to break the momentum trendline, I'm sure we will see a gap down open.
The outcome after that isn't clear, not until we see a move above the uptrend mode at 1.1208 (or if we break the triangle trendlines for some people).
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IvanLabrie PRO IvanLabrie
Tightened the stop a bit:

snapshot


In case we arrive at scenario one, the drop to wave E low is guaranteed, as long as below 1.1208.
Stop at 1.1240.

Minimum target is a cool 200 pip gap down open.
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Im with you, for a day maybe
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I banked for now.
I'm in audusd and nzdusd shorts, and closed usdcad.
Looking closely.
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Euro hasn't had a sell off with 'Grexit' panic or China Stock panic. Yellen will be a an ultra dove until all China fears fade.
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Don't Fight the Trend. Be a part of GES Forex!

Twitter @GES_Forex
-6 Reply
Talk about advertisement...do you have anything constructive to comment here?
Otherwise I'll ask a mod to delete that one.
+1 Reply
Hahahaha you are the first user I have seen to have a negative overall rep xD (-1)
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PS: It makes your team look like a big SKUNK to be on here begging for followers
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Ok, I've been thinking long and hard about this situation and this is what seems the most probable:

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See the fibonacci ratios suggesting expansion, and a few clusters of interest, which match with the cloned W wave rally.

snapshot
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IvanLabrie PRO IvanLabrie
I'll update this tomorrow.
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HiTech PRO IvanLabrie
I looked at the EUR pairs, they all rejecting resistance levels
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so your forecast looks decent with the potential pull-back first before up
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If you went short here, this is a good time to cover EURUSD.
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If short here, might be safe to get out now, or cover 75% and move stop to BE.
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Sitting at weekly range expansion resistance, interesting juncture. The bullish momentum might be done here.
I'm on the sidelines waiting for clarity.
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HiTech PRO IvanLabrie
I am short, aggressively. well long on USDCHF
USDCHF CYCLE UP BEGINS
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Estimated time for price target?
Euro has bear flags on the weekly and monthly.
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IvanLabrie PRO futuresecuritieslawyer
It's not clear yet.
Time is the one defined on the chart.
Unless we cross above 1.1342 it's still valid. We can hit either of the targets, probably the second one.
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forget 0.9000 - Range 1.1100 - 1.0600
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Im expecting tremendous selling pressure in the Euro in Aug and Sept and Oct.
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IvanLabrie PRO futuresecuritieslawyer
It's uncertain for the dollar...SPX is tanking so hard right now. Impressive!
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Euro up again, baking at 450 degrees now.....
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IvanLabrie PRO futuresecuritieslawyer
We're close to resistance. I'd like to sell the top, but it's dangerous to asess that just now.
Going long is also a no go if you missed the entry on my other publication.
Ultimately this is corrective and will resume the downtrend (with crude) I believe.
+2 Reply
I think today was "it" for the Euro Rally. I have a topping candle just under the 50dma on the daily. Should rollover shortly.
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IvanLabrie PRO futuresecuritieslawyer
It's possible but it can rally to 1.138 and still be a valid short. I'd rather wait, August's around the corner.
FOMC this week, I think the rally will go on some more before being a seriously good short.
Above 1.14-1.15 I'd question the downtrend in the weekly.
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New 13 week mode lower!
Trend is still down. I suspect Yellen will send this one down tomorrow.
I'll update with shorter timeframe charts next.

snapshot
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HiTech PRO IvanLabrie
Exactly the same view, tomorrow is the down day, planning to short CHFJPY around 5AM UTC
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WHEN AND WHERE TO SHORT CHFJPY
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