This is my second attempt at a long. I think this pair is trending heavily up, and while I think some usd pairs might head down (like audusd and nzdusd, at least in the short/intermediate term), this pair looks to be headed up. Once we cross the quarterly mode I'll be confident in hitting the yearly targets #1 and #2, for now I entered a long here, and also...
Time at mode weekly analysis of the advance since the low in 2012. Price has already tested once the most frequent price since 1991, and fell instantly, but now rebounded and is heading up again. There is an active monthly uptrend, but the price target has already been exceeded. It would seem as if this is a topping formation, and even if temporary, the decline...
We have a very good bullish setup that just confirmed. The daily corrective downtrend has expired, and there's a 15 day rally forecast currently active. Stop loss should be below the 1.5328 mark, and an entry on a retracement would be ideal. Looking to market buy asap, but ideally a retracement into the green zone would be better, with a tight stop at 1.53775. If...
Analysis on chart, GBPJPY dropped into a previous uptrend mode support. Might give us a good entry on the back of news releases today. Risking 1% on this entry. Won't have a take profit level, but it might stall at the one on chart. The Nikkei might correct today, it's fairly probable. Good luck, Ivan.
Watching this pair closely since I spotted what looks like a very significant top area, both in time and price. It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July. It's also interesting to note that...
I changed my view on this pair and I think we're witneseeing the start of a very strong rally, which could reach the 1.74 to 1.84 zone in time. Analysis on chart. I will update with my long entries, looking to establish a longer term position trade in this pair if my analysis proves to be correct. Good luck, Ivan.
The chart depicts a gloomy picture for this pair. It would seem as if the longterm uptrend is coming to an end and possibly falling sharply in the coming days, weeks and maybe months. I'm using the forecasted weekly uptrend top as a stop location, but we can also use 3 atr%, which would be a 1.2% stop to stay safely in this trade. I'll enter a small position now,...
I entered a long here. Price is sitting at a weekly mode since the lowest low. There's a daily downtrend signal that expired yesterday, and it seems like GBPUSD is ready for a move up. It's interesting how the monthly mode has supported price here, while the daily was in a downtrend, with strong up bars in between, and the weekly showing us no new low in 5 weeks...
We can clearly see the reaction to the downtrend signal expiry. I'm looking to buy a breakout above the 10 period MA here, which would put my entry at around 1.53849 to be safe. GBP has been lagging the Euro and Crude rally, so it'll be interesting to monitor all GBP pairs for long setups now. Will update with the entry and scale in opportunities. Good luck, Ivan.
We have a clear downtrend, with the range target matching the balance point. Watching for a long entry, we might see a paradigm shift after the OPEC meeting next week. Keeping a close watch of EURUSD, USDCAD, USDCHF and all the Euro and Pound crosses, Aud, Nzd and Jpy. Cheers, Ivan.
Analysis on chart, we got a rising mode, 11 bars, no new low, and a breakout from a highest low channel, followed by price making a sideways correction, building up the mode and now falling into fibonacci support. I'm long from here, with a tight stop. Good luck if you follow me, I think it'll cross above the mode and go for the balance point. Cheers, Ivan.
The move off the lows here has been really strong, but after closer inspection it might be comprised of 3 waves. In any case, there's a time at mode target in the daily that has been exceeded, and time will expire soon. Watch that date for a reaction, and a possible retracement or reversal. It'll be key to sync the entry with a fundamental event, in order to have...
Analysis on chart. Simple setup, I expect the larger moves to come tomorrow but it's worth monitoring GBP pairs for a short. Timer about to expire for the last uptrend signal, very nice divergence setting up in CCI. Short under the highest low. Good luck! Ivan.
The next move will confirm what lies ahead: For the time being, price is above the long term fair accepted price, which is bullish, but to confirm uptrend continuation from here we need to break above the resistance from the previous downtrend signal's mode, as well as break out from the channel, to confirm the move is a larger impulse series. The uptrend...
As the title implies, I'm tempted to go long GBPUSD, and other GBP crosses (like GBPNZD). Fundamentals have been consistently good overall, but there's fear in the air surrounding the uncertainty of the coming elections results. The recent polls towards the May 7th elections imply a tie between the Conservative and Labour parties, and the possibility of both...
We can observe a clear five wave advance from the lows, with wave 5 being the largest, almost reaching 1.618 of the distance from point 0 to wave 3 high, which is the typical distance wave 5 travels. These extended fifth waves often produce a very sharp and steep retracement that swiftly moves price down to wave 5's second wave, or even wave 4 of the whole...
An addendum to my previous 'Waiting for the perfect short' chart. This chart describes the different projection techniques that I used to determine targets and potential retracement zones in this pair. I'm short from 177.569, with a break even stop and will scale in every chance I get. This corrections will be easily foreseeable using time at mode in lower...
As the title describes, I'll publish a suggested short entry once my setup confirms. For the time being observe the price action and how the selling is outweighing the buying on each swing. This is inherently bearish, and to make things worse for the bulls, Tim West's proprietary indicator RgMov is plotting new lows and a strong downtrend on the daily chart, ahead...