IvanLabrie
Short

EURUSD: FOMC and ECB Key levels

FX:EURUSD   Euro Fx/U.S. Dollar
703 15 27
9 months ago
On this chart I have plotted the most recent FOMC and ECB Key Levels to give you an idea of where the Euro             can and will go.
Every time we have a close, and/or a range expansion day emerging from these, we have a viable trade setup.
You can easily see how it can be a good idea to keep these levels in mind.

The monthly downtrend mode has been broken down today, and the day closed below the FOMC key levels, whilst the monthly range was expanded down, so after this month's close there's a possibility of resuming the monthly downtrend in the Euro             , which would warrant seeing a massive decline towards parity or lower.
I'm short from 1.1156, with stops at 1.122, which sits above this double FOMC key level, AND a monthly mode, so odds of being stopped out are small.
If we're lucky we could get into a massive trade here. It's also a good idea to short EURCAD             , since USDCAD             is at a good level to retrace from.

If interested in my trading signals, 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!

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.
9 months ago
Comment: The short trade was negated after we expanded the daily range. It's clear we have found support at the 2x FOMC level on the chart to the left. We can enter longs with stops under the recent swing low to be conservative. This makes me doubt the monthly decline, since we literally had to drop vertically to confirm it. So, EURUSD remains range bound.
9 months ago
Comment: I'm flat for now, not clear 100% right now.
9 months ago
Comment: Back under support, interesting down day, very strong decline.
8 months ago
Comment: You can see how price reacted after holding at the 2x Key FOMC support level.
8 months ago
Comment: These levels are extremely useful to navigate the Euro chart. We can expect a mild retracement before uptrend continuation here, let's see what happens next.
8 months ago
Trade active: I wanted to buy slightly lower, but it seems like EURUSD is holding at the FOMC level that sits at 1.13093. We can enter longs here with a 1 atr stop loss or wait 2 more bars if more conservative.
8 months ago
Comment: Entered EURUSD long now, stop loss is 1.115.
8 months ago
Comment: If you monitor for a reaction against the key levels, you can get a very good trade for sure. See for yourself. Use 1 ATR stops each time.
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). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
TF.
8 months ago
snapshot
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TF.
8 months ago
snapshot
short sl 1,155 target 1,03/0,98
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IvanLabrie PRO TF.
8 months ago
Hi, I don't know about the short yet. For now I'm long.
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TF.
8 months ago
snapshot
monthly chart cheers
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IvanLabrie PRO TF.
8 months ago
The monthly might turn into a downtrend, but it's a different timeframe than the one I'm trading here.
Let's see how it evolves.
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TF. IvanLabrie
8 months ago
Ok i am shorting long term with a SL at 1,156 ... 1,00/0,99 is my target... i ll buy there with a sl at 0,95 but if it breaks there... just with a brevet and a possible end of Euro with a target lower then 0,8
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TF. TF.
8 months ago
*Brexit
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moorekapital
8 months ago
"Entered EURUSD long now, stop loss is 1.115. "Quite an early entry, Ivan. But the stop is good so great. I'm waiting on a signal bar , prorbably on lower timeframes, 4H, 1H, whch hasnt shown as at yet.
snapshot
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IvanLabrie PRO moorekapital
8 months ago
Yes, it's just a good level to enter. My risk is 0.25% in case we get a bit lower.
I'm also long S&P500, I anticipate a rally from here onwards.
+1 Reply
moorekapital IvanLabrie
8 months ago
Great ! I scalped SPX500_5mins as well. Pictures in the "NAKED TRADING ROOM" : https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K . The last few minutes were awesome!
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IvanLabrie PRO moorekapital
8 months ago
Good one ;)
I entered long from 2093, had a long earlier but got stopped out...it's how it goes.
This support level should hold and we should see a rally and new highs for the month if I'm correct in my asessment.
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moorekapital IvanLabrie
8 months ago
Awesome! I was quite late in entry: 2094.24 and out 2098.17
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IvanLabrie PRO moorekapital
8 months ago
I will let it run personally, it wasn't a short term trade in my case.
The support level, if it holds, will send prices up strongly next week.
Cheers!
+1 Reply
moorekapital IvanLabrie
8 months ago
Cheers boss.
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TPparadigma IvanLabrie
8 months ago
Where is approx TP for your long? Just to compare.
Thanks
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