IvanLabrie
Short

EURUSD: Update and Key Hidden Levels

FX:EURUSD   Euro Fx/U.S. Dollar
9 months ago
In this chart I describe the current estimated trayectory for the Euro             .
I expect a brieft retracement, if we were to move above the last daily high, crossing the recent FOMC minutes release Key Level, and go to test the low volume resistance levels above, and eventually test the top FOMC key levels if said resistances fail to hold.

It's possible to go long above the last daily high using a tight stop, and closing and flipping short when we approach the overhead resistance.
I outlined two potential paths EURUSD             might follow, and in both cases, I'm expecting monthly and quarterly downtrend continuation as we break all FOMC support levels on the way down.

Check related ideas for my previous charts covering this pair, and also check the EURCHF             posted by my friend Tom Killick, might be a nice pair to add to your portfolio to profit from this expected Euro             meltdown that I forecast here.

Cheers,

Ivan Labrie.
9 months ago
Comment: Closing the gap, day turns up and we might get our rally to sell against.
9 months ago
Comment: It's on...

snapshot
9 months ago
Comment: Testing FOMC support, we might see a bounce here, sell any rally!
9 months ago
Comment:
snapshot


Daily, weekly and monthly levels in one chart.
We might bounce higher here, selling rallies is ok, but you could also go long above a high before selling.
9 months ago
Trade active: Currently long, the January 26-27 FOMC meeting key level held the decline.
9 months ago
Comment: If we break the current resistance we might trigger a larger rally.
I'll update it as we move forward, first target is 1.11281, target #2: 1.17136 (not confirmed yet)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
OLIGARCH
9 months ago
Very good analysis Ivan. Perfect!
But TP is higher! 1306 is a must before fall down, like the same situation with 0953 back in the day! It has to be reached!
Cheers! Very good idea!
+1 Reply
IvanLabrie PRO OLIGARCH
9 months ago
Let's see if that happens.
For now I'll long above that level on chart and take it from there.
Cheers.
+1 Reply
arif_awan IvanLabrie
9 months ago
STRONG LONG AT THIS LEVEL.
Reply
OLIGARCH
9 months ago
Nice, when thoughts are the same! I am already long little DD doesn't matter, but 1306 is a must before fall ( since this pair smells SHORT ) it can go higher anyway, and yey, finally the big sell will take in place with TP 1.09*** ;)
Cheers Bro.
+1 Reply
IvanLabrie PRO OLIGARCH
9 months ago
I aim sub parity ;)
Cheers!
+1 Reply
FxSaint
9 months ago
I m currently having an opposite view but I liked what I read. I will correct myself if proven wrong immediately. Good to have alternative views & plan rescue scenarios accordingly.
+1 Reply
GoodLuckbabe
9 months ago
BUYING ON 50% REVERSAL OF ABC MOVE IS GOOD IDEA
very nice setup Ivan it does not look like that EURUSD gonna make new lows as i can see very strong DIVERGENCE on MACD on WEEKLY chart
Reply
GoodLuckbabe GoodLuckbabe
9 months ago
snapshot
her we got the MACD divergence
+1 Reply
IvanLabrie PRO GoodLuckbabe
9 months ago
That's not divergence, since the lowest low has no divergence.
You're highlighting lack of momentum in the corrective decline there.
The next move would be of similar speed to the first leg down before your yellow box I think.
Reply
GoodLuckbabe IvanLabrie
9 months ago
lets see brother i know you now gonna accept it
+1 Reply
GoodLuckbabe GoodLuckbabe
9 months ago
i am not showing you the huge move on EURUSD to the upside i am just targeting the c move on my first 4hrs idea
Reply
GoodLuckbabe GoodLuckbabe
9 months ago
if you see my 4hrs idea you will understand that i am not expecting huge move up
Reply
IvanLabrie PRO GoodLuckbabe
9 months ago
Maybe not a huge move, but also, an idea that negates my analysis.
So I disagree.
No problem though, trade your beliefs!
Reply
IvanLabrie PRO GoodLuckbabe
9 months ago
Well, I did post a different analysis :p
I do use cci for momentum analysis (instead of macd) but more or less the same thing.
We will know soon.
+1 Reply
GoodLuckbabe IvanLabrie
9 months ago
yes we have right to be agree and disagree with each other i hope it will go into your way thanks for replying: regards
Reply
GoodLuckbabe GoodLuckbabe
9 months ago
snapshot
Reply
Adhami
9 months ago
Logical - Thanks for sharing
+2 Reply
IvanLabrie PRO Adhami
9 months ago
You're welcome, good luck!
+1 Reply
OLIGARCH
9 months ago
1306 waiting to get hit. brrrrrrr
Reply
OLIGARCH
9 months ago
Do you still keep your long? Or it can bounce back to 08 area?
Reply
IvanLabrie PRO OLIGARCH
9 months ago
Yes, went long at 1.09137, stop 1.0864.
Holding. I only closed half today.
Reply
OLIGARCH IvanLabrie
9 months ago
But what are your thoughts further? Now everyone waits ECB?
Reply
IvanLabrie PRO OLIGARCH
9 months ago
snapshot


Next week we might have more confirmation.
Reply
OLIGARCH IvanLabrie
9 months ago
All I need is it to reach 1100, so I can get out with no loss from my Longs, but still 1306 is playing the role for me.
Reply
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