EURUSD: Longterm multi-timeframe analysis

FX:EURUSD   Euro / U.S. Dollar
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.
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.
Comment: EURUSD inching higher. Momentum's drying off and the 4h target has been almost hit.
Pay attention tomorrow.
Comment: Critical day today, we might be hitting the top, or already there.

I'm in USDCHF already, but this looks interesting.
If we expand range down, it would be a compelling signal to short.
Trade active: I shorted last night. Will hold ad eternum as part of my EURRUB pair trade.
Comment: It's possible that the long term decline I anticipated is starting.
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!
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 GoodLuckbabe
Thanks, go