Monitoring GBPCAD, looks interesting. Analysis on chart. Cheers, Ivan.
I spent a long time analyzing this pair, contrasting views with my colleague Nick Coulby, who specializes in Elliott Wave analysis, and working on my own time at mode analysis of this pair, as well as adding the result of insightful discussions held at Tim West's 'Key Hidden Levels' chatroom, regarding this topping pattern, as well as the patterns in the gold...
I'm watching this pair closely, there's a time at mode downtrend currently active but the target was already reached. We have a lot of interesting news events today for both currencies which makes me think we will have an excellent opportunity on the long side here. I'll update with my suggested entry once I'm convinced enough. Longer term time at mode targets are...
I think this is the case here. We have reached the profile point of balance projection from the low to the longterm mode of this uptrend. As expected, price sharply reversed in one day, consuming almost 3 days worth of progress. I'm waiting for the daily close to enter short, will update the chart once I'm ready, also adding 4h charts to better illustrate the...
We have an interesting trade setting up in GBPUSD. The time at mode signal points to an intermediate term decline to 1.4222, that can extend to 1.39366. What's interesting about it is that the resistance above very strong and that the signal generates close to the expected Fed rate hike week. I think we might get a fill this week, and if the trade works, it will...
This is my time at mode analysis of this pair. Currently kicking off with a strong uptrend off a longterm mode. The horizontal lines map different areas of high volume from the past, which were 'fair value' at one given time. They are magnetic in nature and offer valuable clues as to where price will move, or where price will stop and reverse. In Elliott Wave...
We have a confluence of signals indicating a long is possible from this area. We got: Key hidden levels options expirations support Downtrend signal that probably won't be reached in time. (if not reached = bullish!) RgMov in an uptrend since the inverted head and shoulders in jangseohee's chart formed. Also showing fibonacci levels of support at play. (It...
This is an interesting chart. I was under the impression that this was a running correction intially but the recent price action makes me think otherwise. The majority of the people are expecting a rate cut this week, during the RBNZ rate decision on Wednesday. With heavy UK data coming out tomorrow, volatility is a given and I think the bigger risk/reward ratio...
We have one more push up left before this turns into a massive short in my opinion. Right now, I had a short running, from a lower timeframe entry but I'll cover and go long at the support level in green, which also matches an 11 bar daily mode. Look at the momentum indicators, I plotted a derivative oscillator, composite index and RSI with averages to illustrate...
Same as EURNZD, this is about to confirm. We can enter now and also on a retracement. 1st entry: 2.40595, sl at 2.3383, 1 pip under the mode. Good luck!
This is a follow up and an expansion on our GBPUSD chart posted last week (see link to related ideas below). The recent rejection of $1.5660/1.5700 has resulted in a loss of the uptrend from the July 8, 9, and 24 lows. In context of the potential longer-term pattern - a bearish rising wedge that commenced with the break in price on July 7 and subsequent...
Talking Points: GBPUSD Technical Strategy : Bullish Support: 1.5475, 1,5357, 1.5250 Resistance: 1.5635, 1.5675, 1.5780 GBPUSD had a beating from BOE, but we still believe there is one pending leg up before it’s turn bearish. Currently pair broken bullish daily trendline but supported by bearish weekly trendline. We are expecting range trading between...
Analysis on chart. I'll update it once I see a clear short signal in the weekly chart. Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse. I'll analyze price action and look into selling short once we see confirmation here. Crude oil seems to have resumed the...
Analysis on chart, this is an update to my previous GBPJPY time at mode weekly chart. Interesting level to go long if offered with a fill. Entering with 0.5% and letting it ride. This might form a significant topping patten, as labeled on chart...highly remarkable top if it does (which would match a deep retracement in the S&P500). Good luck, Ivan.
Analysis on chart, see related idea for explanation and more details. Cheers, Ivan.
Simple trade, trends are pretty clear here I believe. EURGBP is a strong downtrend and will resume its direction this week I believe. GBPUSD is an interesting long setup, with 11 weeks at one price and sitting above the mode currently. You can market buy now, but it'll be 100% confirmed once it reaches my entry level on chart (1.57084). Targets are for both time...
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
I'll open a pair trade to minimize risk in my GBPUSD long setup. There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in). Position size is based on the ADR figures for both pairs, risking 2% and aiming for...