GBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so...
See the related ideas for my analysis of this pair, which demonstrate the power and surgical precision of the Time at Mode methodology I learned from Tim West here. In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op. In case price were to continue straight...
Technical Analysis: Technicals are on the chart, the Fibonacci Retracement, S/R Levels and Measures of Trend. The pair is trading below the 200 Day MA and the Long Term Pivot at 1.56600. Typically, short positions are sought with this in mind. If today's daily candle close is bearish, then the candlestick formation becomes an Evening Star at 52400...
waiting for BOE's Governor Carney speech. I have bullish bias for EURO till next week Fed Interest Rate Decision Happy Trading; Rina
Pair was giving a trouble lot, we expected down trend after had channel breakout. But we were wrong and that breakout was just shallow wave B. However, same time this mess is clear now and we have more visibility of this pair move. We are expecting price to test 200 SMA on 240min chart and same time possibly we will re-test the bearish trend line.
We have a rounded bottom on chart, visible in the 5 day chart, where we can also appreciate that RgMov is in an uptrend and CCI has given us a hidden bullish divergence signal. This, paired with the quarterly and weekly downtrend in the gbpusd pair, and the fact that the eurusd is completely overextended, and has almost hit my weekly downtrend target, I expect...
GBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots...
The Pound is at a make or break level. It's possible that Rgmov plots new 44 bar highs this week after the close. The advance after price tested low volume support below has been fierce but the lower timeframe uptrend signals have reached targets already. The level above price right now is a make or break one, where a confluence of technicals reside: Fibonacci...
The analysis of multiple timeframes in GBPJPY leads me to believe that we might see a bullish breakout emerge from this juncture. If we base on the relative strength readings, obtained from my ratio analysis, pairing gold vs each currency, we'd be biased towards a bullish trade setup here. Although rgmov doesn't signal a new 44 bar high in any timeframe, the...
EURGBP has a strong uptrend, a weekly time at mode signal about to confirm and interesting potential. I'll be placing tactical long trades, with partial tp, in case the trend continues higher. Remember that to get live uptrades and follow up trade reccomendations, you need to subscribe to my collective2.com signals page. The details are in my profile. Good...
GBPJPY is offering a significantly interesting short opportunity, the telltale signs are there. If we look closely, we see that price has bounced from the biggest mode in the downtrend since 1991, and could never go back over it. In time at mode terms, we have a very clear weekly downtrend signal, confirmed by rgmov in the daily plotting a new 2 month low. This...
Thanks to The Working Trader for bringing this to my attention. We have considerably bearish GBPUSD news, mentions of a possible rate cut, amongst others... The technical setup in both daily and weekly charts is clear, downtrend continuation. My time and price target is ultimately 1.41021, to be reached at or before June 1st. The entry hasn't been confirmed on the...
Correction started, as expected. We now have a bearish target in sight: 19184 by April 27th. This level and date will be a potential retracement area, or reversal, depending on how price action evolves. Considering the scale of the uptrend, I don't think this correction will end there, but we'll see. Better expand as we move forward. I am short GBPJPY, and...
I went short today, after getting a bearish signal confirming a possible large decline in this pair. The BOE is maintaining a hawkish view, which spells nothing but trouble for the Euro. Introduction of QE by the ECB in the coming days will seal the deal, making me consider an extreme target of 0.68013 and an intermediate term one at 0.7552. The level I consider...
This is a continuation of the previous EURGBP chart, seems like a good time to enter. Message is simple, downtrend until the 24th of March at the very least. Invalidation level above the last daily bar (horizontal lines).
Analysis on chart, clear mode rising in the 4h chart, with the correction finding support at a previous mode, which also happens to be a 0.382 retracement of the first leg up, so I'd be tempted to call this a wave 1-2 but can also be AB pending C. Either way, EW labels aside, it's a buy with a stop under the mode. Good luck, Ivan.
Simple, analysis on chart, confluence of contrarian but very powerful bullish signals. #1: Ending diagonal triangle #2: rgmov divergence #3: Quarterly ROC up #4: Absolutely extreme move down based on the Bollinger bands. #5: Time at mode daily downtrend expiration. #6: CCI oversold but divergent vs previous peaks. Good Luck, Ivan.
Thanks to 'The working trader' for bringing this up. This is my own take on this pair. The chart shows the time at mode bullish setup I'm looking at for entry. I suggest buying the dip if possible. I'm seeing potential for a very large move to the upside, favored by an uptrending rgmov, completion of the downtrend signals in the recent decline reaching a 0.786...