IvanLabrie
Short

EURUSD: Longterm multi-timeframe analysis

FX:EURUSD   Euro Fx/U.S. Dollar
a year ago
The Euro             has rallied extensively the past couple days, validating a weekly time at mode uptrend, and reaching monthly resistance.
I was expecting this rally, but didn't anticipate it would start so suddenly. I have entered short positions at 1.11986 with a wide stop, and I expect the quarterly downtrend to resume in the short term.

My analysis of this pair gives important clues to further validate this view:
  • The daily implies a bullish failure if we don't hit 1.13303 in one day.
  • The monthly implies a bullish failure if we don't hit 1.13599 during March.
  • The weekly uptrend target from the low to the mode has been hit. It's unlikely to see continuation.

For this and other technical reasons derived from my analysis of time at mode and the time duration of the correction in the RgMov wave count I conclude that this is due for a massive decline.

Good luck if taking this trade.
Contact me for more details on the trade setup and if interested in trading signals and/or coaching.

All the best,

Ivan Labrie.
a year ago
Comment: Currently sitting at resistance, the 4h chart shows nice coiling, with new modes higher and higher.
I expect a rally to 1.1355 or higher soon. Probably starting after London opens today.
I'll look to flip short once this rally is complete.
a year ago
Comment: EURUSD inching higher. Momentum's drying off and the 4h target has been almost hit.
Pay attention tomorrow.
a year ago
Comment: Critical day today, we might be hitting the top, or already there.
a year ago
Comment:
snapshot


I'm in USDCHF already, but this looks interesting.
If we expand range down, it would be a compelling signal to short.
a year ago
Trade active: I shorted last night. Will hold ad eternum as part of my EURRUB pair trade.
a year ago
Comment: It's possible that the long term decline I anticipated is starting.
OLIGARCH
a year ago
Thanks for this Idea Ivan. Much Appreciated!
+1 Reply
IvanLabrie PRO OLIGARCH
a year ago
Welcome!
Good luck :D
Reply
GoodLuckbabe
a year ago
very nice idea IVAN brother i am also expecting a short trade here i hope we gonna see short move down very soon good luck
+1 Reply
IvanLabrie PRO GoodLuckbabe
a year ago
Thanks, good luck to you too, cheers.
Reply
AhmetAlperOzen IvanLabrie
a year ago
what do you mean pay attention tomorrow?
Reply
IvanLabrie PRO AhmetAlperOzen
a year ago
This week will probably define the direction here.
Reply
AhmetAlperOzen IvanLabrie
a year ago
more up possible??
Reply
IvanLabrie PRO AhmetAlperOzen
a year ago
There's a little room left, closer to 1.15-16.
Better wait for a confirmed reversal to short.
Reply
OLIGARCH
a year ago
Hello.
I am waiting for it to go up now ( I am long now till 1374-84.
From there I will open sell with TP around 0940!
Cheers!
Reply
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