Timing is key
Long

GBPNZD 240 on an upward retrace towards ML

FX:GBPNZD   British Pound/New Zealand Dollar
299 24 3
Hello all,

The Pound New Zealand is showing signs of a retrace towards the 50% balancing area around 2.00979.
Supporting this idea is 1.An 89 Bar fib count from the high, 2. A possible retracing range repeat, 3. The 50% retracement level 2.00979 4. A "Very Shallow" median line just above the 50% retracement level indicating weakness, 5. Two reaction lines crossing around the 50% retracement level. I will be watching closely around the 2 vertical lines for a shorting opportunity should price reach this level.

Sincerely,

TIK
Timing is key
2 years ago
Even though this market drifted 2 bars to the right of my target, it turned bang on my reaction line and is now tracking the slope of my reaction line, I took a short on a lower time frame @ 1.99423. The fact that it missed both the median line and the 50% horizontal shows weakness along with a steep downward next median line. I will now set up my chart for the exit.
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IvanLabrie PRO
2 years ago
GBPNZD: Interesting contrarian trade

It's correcting down now.
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Timing is key IvanLabrie
2 years ago
Yes, now looking for what's going to terminate this move
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IvanLabrie PRO Timing is key
2 years ago
AUD and NZD regaining strength now it seems...I want to short euraud, gbpaud and gbpnzd.
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HamedAghajani PRO IvanLabrie
2 years ago
I am looking to Long AUDNZD at about 1.006, with a tight stop loss
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IvanLabrie PRO HamedAghajani
2 years ago
snapshot


Dark red arrows are time and price targets in the daily.
Yellow is weekly...bullish divergence in cci, rgmov finding support in a longer term trendline, and price target met ahead of time in the weekly.
This is a very bullish signal for me.
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HamedAghajani PRO IvanLabrie
2 years ago
Added to you analysis I can see this extremely Bullish Harmonic impulse wave
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IvanLabrie PRO HamedAghajani
2 years ago
Great exchange...would like to see timing is key's perspective on this.
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Timing is key IvanLabrie
2 years ago
Very clear a b c with nice harmonics! I have read a little on Harmonic patterns and when their tuned in are absolutely awesome at catching the reversals. I would like to know if their are other harmonics for the XD & BD legs, just to see where D ends up! Please correct me if I am off base here:)
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GcNaif MOD Timing is key
2 years ago
i m expecting something like this. gartley in green and bat in brown
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GcNaif MOD GcNaif
2 years ago
sorry forgot toupdate the chart
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Timing is key GcNaif
2 years ago
Well done McNaif, with such clear swings there are 2 point C's around 1.96 and slightly below. If price reaches these levels and you also get a time count like Ivan, I would drop into the next lower time frame and look for a nice Pin/Spinning Top/Doji etc and go in on a 60-78% pullback....or whatever your entry technique. You may miss a few entries, however your risk reward would be awesome. Just my view, Thanks guys
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Timing is key HamedAghajani
2 years ago
This pair is falling like a knife! It is just crossing the median line on a very steep trajectory ( 6-7 candles down with no pullback) it will probably consolidate between 1.00725 & 1.006. If we get an upward retrace before this range, I will look to short into it before looking for long opportunity. Just my view Hamed:)

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IvanLabrie PRO Timing is key
2 years ago
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My time and price targets...interesting how you derive yours.
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Timing is key IvanLabrie
2 years ago
Yes Ivan, I have the Blue Dots showing the price target, however my timing is simply a repeating range meeting up at the Median line. The lower Blue Dot is a reaction line meeting up again with the median line. This is how I initially set up my Time/Price Targets. I then use my own unique method to really get the spike reversals in price & time....Your vertical time lines with the fork is very similar to what one of my charts for each pair looks like. Thanks guys for your posts really good stuff.
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Timing is key IvanLabrie
2 years ago
I just got out of my EUR/USD Trade just below the median line..... I am still short the GBP/NZD... This ones probabely going to have a good run:)

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Timing is key Timing is key
2 years ago
Sorry try to post image

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IvanLabrie PRO Timing is key
2 years ago
Excellent ;)

Gives a confidence boost when I share views with traders I respect.
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GcNaif MOD IvanLabrie
2 years ago
very true , thanks to trading view ,personally i m learning and fine tuning my trading skills with all the good traders over here.
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Timing is key Timing is key
2 years ago
Just to point out, this trade continued past the ML, however my safe target was reached beautifully ( Just a few pips before the ML ), if you look closely at this chart it has 4 very special lines that where in place well before there where any bars on the screen. The 2 purple verticals where timing lines, one was hit Bang on the other missed by one bar, The other two lines are what I call Price Vectors, They have very special qualities as both attract and repel price action......Trend lines are hit or miss, sometimes they are respected sometimes not. Notice the first red price vector just missed the ultimate low by a few pips.....a sure sign that it may have another go at another low......... The second diagonal was hit precisely one bar before the timing vector. They are even more accurate than pithchfork lines however the pitchfork supported the view that the big boys where accumulating positions at the lower parallel by taking all the retail orders. Just a bit of insight for everyone...Thanks
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Timing is key Timing is key
2 years ago
GBPNZD is still in a strong downmove.. This looks like the cycle top.
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IvanLabrie PRO Timing is key
2 years ago
Agreed, did you see the gold chart?
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Timing is key IvanLabrie
2 years ago
No, Have you done a chart workup on it?
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IvanLabrie PRO Timing is key
2 years ago
Briefly, I have a gold monthly chart, posted an update. It's screaming correction continues higher for 7 daily bars. So weak usd, and strong correlated currencies (aud, nzd, cad)
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