IvanLabrie
Long

EURUSD: FOMC update

FX:EURUSD   Euro / U.S. Dollar
759 25 27
EURUSD             has confirmed my thesis, and is now rallying after the G20 meeting key level held.
We have to see if the Brexit key level is breached, which if it happens, will send the Euro             to the 1.1163 handle, and perhaps slightly higher.

Additionally to these developments, derived from price action around fundamental events, we can also observe the 'Time at mode' signals on chart, and come to the conclusion that we will see rallying from here onwards, since the recent daily setup failed to proceed to the downside. By this week's close, the weekly trend will turn up if we see a close above last week's high, so, we'll most likely observe a counter trend rally, from the perspective of the monthly, which seems to be the timeframe in control in EURUSD             .

On the topic of the monthly, which -if we favor top down analysis- is the timeframe in control of the main trend, and thus, the most spectacular and long lasting moves, if the month closes under 1.1216, there will be confirmation of a downtrend that aims for prices below parity in the long term. Hold longs for the time being, we will flip short at the top.
I'm long EURUSD             from 1.1022, with stop at 1.0952.

Check out my updated track record here: http://pastebin.com/6CyyqnPT

If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.

Cheers!

Ivan Labrie

Link to Tim West's chatroom: https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.


Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
Comment: $EURUSD had difficulty crossing the Brexit key level on chart but is now marching towards the next key level above:
snapshot

if it breaks 1.1163 with confidence it'll approach the next daily swing high where a ton of stops reside, or potentially the monthly mode at 1.1216
Comment: Euro pegged against the G8 key level. If it breaks under today's low after the close it could be a short.
Comment: I entered short at the monthly mode resistance, 1.1215, half risk and stop above 1.1425.
Comment: Price found support after hitting the Brexit key level. I got out of shorts but didn't go long this time. I'm looking to see how the Euro acts when approaching the levels above. I'm interested in EUR cross pair trades though.
Hello, Ivan.
Seems that Bulls took over the game. Posible 1.14 1.15? I smell Buying starting from next week.
Reply
EURAUD looks good for a Long. Your opinion ?
Reply
Hi, EURAUD is tracing a downtrend, so not a good idea in my opinion.
Reply
Any update on this Ivan? Have something on radar? I believe it is still selling ahead from now.
Reply
Hello, Ivan!
I already did my analysis, and hopefully you an throw an eye on it!
I totally agree with you on EU shorts starting now.
Everything in description with screenshots with levels!

Cheers.!
Reply
snapshot
got it as well mate
Reply
IvanLabrie PRO Alex.Singletary
Great.
Reply
TheZabisyu IvanLabrie
Hello, Ivan!
So great!
I managed to Re-Buy on 1.1075 after my analysis! In huge profit now!
Willing to see where it will close!
+1 Reply
IvanLabrie PRO TheZabisyu
I'm out of longs, shorted half at 1.1165, will add if we break 1.1186.
Reply
TheZabisyu IvanLabrie
Hello, Ivan!
Nice call on Adding the shorts on 1.1186 break! It got down from this area!
I think we have nice opportunity to go in some long term sell next week on this pair!
Although It could still make it to 1.12xx
But my sentiments are showing that price should be back to 1.0953.
Thanks.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out