I think we have seen the catalyst we needed for a major bottom to form in the Euro and precious metals, which were already well supported. Up we go... Cheers, Ivan Labrie.
In this video, I explain some thoughts behind the euro weakness and shorting opurtunties into the new year EURUSD EUR FXE
With recent fundamental shifts in sentiment, along with the global futures charts to back my opinion, I am long this pair. The technical shows price making a bounce off of 1.1200 support, heading towards 1.1450 resistance, which if broken, will signal my long entry. I will also be looking for limit orders if price drops as much as 160 pips from current price, then...
German gas prices has risen to the highest level since 2014 despite oil 1.80% prices collapsing. This is indicative of inflation? The ECB has yet to raise rates and the longer the wait the more extreme the inevitable rate hike could be. This could make the EURO 0.02% explode in value as people buy it up to pay back debt and what not. Who knows.
=> As expected EURUSD has been under severe pressure and it is possible that we are ready to complete the C leg of an ABC from August. => If this technical perspective is correct we can reach as high as 1.18 whilst still remaining on path towards 1.05xx. => Here looking to sell either a break of the current lows (if confirmed with a weekly close below) or buy the...
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
It's not exactly a secret! The ECB owns Deutsche Bank! And they can make the price anything they want it to be - $1 or $100! The only certainty is that public investors will be the ones holding the bag! Don't be a sucker - stay out of this toxic mess! The dumps and short squeezes will be legendary - and prices will be nonsensical for sure! They'll even hold...
Try to reenter $EURUSD longs if you got out, ideally on dips. Stops can be set at 1.1432, and we can at least aim for a retest of resistance above. This may evolve into a larger weekly uptrend over time too, the outcome of which I guessed by including the copied bar pattern in white on chart. Best of luck, Ivan Labrie.
The market was largely affected by Italy's proposed budget for 2019 although little activity was noted in EURUSD. Italy has decided not to alter its budget in its reply to the EU, however, in an event further selling in global indices take place Italy will be forced to modify the budget. EURUSD reached its resistance in the 30min chart. A firm break above...
The chart speaks for itself. If you're looking for a buying opportunity, well, this is not. Expect big movements today since Mr. Draghi is up to tell us ECB interest rates decision, but he can't really do s**t to rebounce EUR, apart from selling it himself.
The Euro is set to rally from here, given the bottom in gold and in the Yen, together with bearish fundamentals for equities odds of this trade increase significantly. Invalidation would be a move under this week's low, for the daily signal at least. Cheers, Ivan Labrie.
Pattern is complete. i am awaiting certain technical conformation before taking this trade LONG. stay tuned for the updates on entry, tp and sl
We may show some short term demand on bonds because of equities volatility that I already expect. But I think anyway the EU bond market will remain under the bigger catalyst that this market will have to forecast new prices to settle to after ECB will pull out in december. My trading plan here is to remain bullish on the december future expiration and buying all...
EURJPY has formed a nice reverse / inverse head and shoulders. Neckline is clear at 131.93 Bullish engulfing candle has just formed. Conservative take profit at 134.51
I am not particularly keen on being net long across Pound positions, but EURGBP has formed a lovely break and re-test. There is a clear selling zone which i am using as protection for my stop. Continued lower highs forming on the 4hour chart suggest a push lower.