Timing is key
Long

Reading the forks indicates a rising Euro!

FX:EURUSD   Euro Fx/U.S. Dollar
612 22 10
Hello all, This is how I see the Euro             unfolding over the next few days/weeks. Interesting to see if we close today up above the sliding parallel...a bullish signal. Also notice the gap to the lower red median line and the possible P5 completion.A few ducks lining up.

Sincerely,
TIK
IvanLabrie TOP
10 months ago
Maybe that red fork isn't the one to use. The starting point is a high in the middle of nowhere, don't you think?
I'd try the weekly.
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Timing is key IvanLabrie
10 months ago
Hey Ivan....nice to hear from you! Every fork either daily or weekly is actually communicating the same message...it's quite uncanny.Check out the Schiff ( The shallowest fork in the bunch ) taken from a bigger time frame high, still could not reach the median line. and is now breaching in the same location! Will watch and see.
snapshot
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IvanLabrie TOP Timing is key
10 months ago
Have you done any timing work on it?
Looks ready to resume march down in my opinion.
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Timing is key IvanLabrie
10 months ago
No, not this one...just form reading based on basic Andrews rules
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IvanLabrie TOP Timing is key
10 months ago
Ah, I see.
I see some upside but not convinced of a larger rally yet.
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IvanLabrie TOP
10 months ago
What is your current read?
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Timing is key IvanLabrie
10 months ago
Difficult to read atm....it's the 5th time banging it;s head on the 0-4 downsloping line......This will need to break convincingly Up to have a long bias ( currently @ 109400 ). All I know is that once this consolidation ends it's going to be a BIG MOVE!
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IvanLabrie TOP Timing is key
10 months ago
My view: downside potential is capped at 1.07, upside all the way to 1.12-1.14.
I'll buy the dip.
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Timing is key IvanLabrie
10 months ago
Agree
+1 Reply
look4edge
10 months ago
interesting guys, would like to see 10850 before bullflag breakout
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Timing is key
10 months ago
Hello all.....I commented yesterday saying a BIG MOVE was coming.............. and the EURO certainly obliged, I know most people ( Including Me! :) find it difficult to anticipate where the next breakout direction will be so below is a method Dr Alan Andrews used to navigate Choppy Price Action and again proves to be right on the money AGAIN! Note I have indicated with letters a b c ( twice ) where the most current Median Lines are on the chart, I have not included the parallels as what we are observing is the median line "ANGULAR" change in the latest apposing forks........which went from a +1 Upward Bias ( pretty insignificant ) to a +5 Upward Bias ( VERY SIGNIFICANT ).......We had a single bar to determine a significant upward bias change......enough to go long? for sure! Hope you found this simple method useful.
snapshot
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IvanLabrie TOP Timing is key
10 months ago
Looks good, I'll long on retrace here, probably failing to hit L-ML, implying more up?
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Timing is key IvanLabrie
10 months ago
Definate retrace....still very strong as it zoomed the blue ML, however we are at extreme upward level based on the smaller fork, just depends how deep the retrace will be....here's my view
snapshot
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Timing is key Timing is key
10 months ago
Like clockwork!
snapshot
+1 Reply
Timing is key Timing is key
10 months ago
Also Note: Please also compare the differences between the two bearish median line angles AND the to bullish median line angles as they also indicated an increase in upward velocity pointing to an imminent breakout.......Details: 1st Red ML equals -37Deg 2nd Red ML equals -38DEG or an increase ( in downward velocity of -1 Degrees ).................................1st Blue ML equals +38Deg 2nd Blue ML equals +43 Degrees or an increase ( in upward velocity ) of +5 Degrees.......So here we can see that increase in upward velocity of Net +4 Degrees ( or 400% ) on the last candle before the breakout..............Co-incidentally both Directional & Velocity calculations degree figures were identical, they don't necessarily have to be....Thanks again....TIK
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IvanLabrie TOP Timing is key
10 months ago
Great.
Don't be caught with pants down, there's little time for this to hit 1.14 zone in my opinion.
You're in longs already?
I placed some limit buys, let's see how it goes.
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Timing is key IvanLabrie
10 months ago
Yes 2n position kept long first taken at ML from the breakout 1.09.....Pant already UP! lol
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IvanLabrie TOP Timing is key
10 months ago
Ah good good!
:D
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Timing is key Timing is key
10 months ago
Amazingly ( But not surprisingly ) the pound had the same setup which I took long on a gift entry.......Same rules applied as the Euro see attached
snapshot
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Timing is key
10 months ago
Upper MLH Target reached at perfect confluence with the purple arrow reaction line target. Notice the pullback from this direct hit!
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OLIGARCH
9 months ago
Any updates on this one? Thanks.
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FXKOPPA
6 months ago
It was with regression Chanel
https://gyazo.com/7fead4cc8537f3253b3c9a4f10070e97
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