Price seems headed for an AB=CD completion down. For this trade to be valid, price needs to stay this whole week under 1.41559. Once that's done, we can expect it to travel as forecasted and reach either of the targets in the specified time. If it doesn't then we might see a reversal, but for the time being I suggest short.
I don't need to say anything, this is an absolutely gorgeous setup. Entering long at market during Sunday open with a wide enough stop below the 16 bar mode should work really well. I'll look into scaling in every chance I get from the 4h chart here. Initial target is the triangle's top by June 22nd, potentially extending to meet the balance point, which matches a...
EURCAD has one more week left to reach 1.47561. If it doesn't, it will most likely turn into a short with a 1 weekly ATR stop. 13 week CCI is showing bearish divergence, and we're close to 6.18 std deviations from the linear regression of the downtrend from high to low (figured it was an interesting value). Rgmov is stuck in a range, not putting out any new...
Description in the chart. Waiting for the correction to end, to short again. Ultimate target in red, at 1.2892. Cheers, Ivan.
We have an interesting scenario here, with the possibility of Nikkei topping, and the Euro on the verge of being devaluated by the ECB's monetary policy. The setup offers a great risk/reward ratio, so I wouldn't hesitate to take it. Target is the AB=CD completion from the top to the current sideways range, but it will probably offer plenty of shorter term...
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.
As depicted in the chart, we might be at a major turning point all things considered. Here's the technical setup I'm seeing in a smaller scale, which could evolve into a very large home run long if I got it right this time. Things to monitor: A decisive strong break up from this area Rgmov uptrend to remain intact Should be interesting to watch what...
It seems like the move off the top of my supposed 5th wave was indeed the 5th wave of an extended 3rd wave of a larger degree. Time at mode might suggest the bearish time and price target if we get a strong move down at the open. I'll be looking to sell at the weekly open, to then rejoin the bullish trend until the 5th wave completion. Should be an optimal entry...
I already sold after time expired for the daily uptrend and I spotted a nice entry on an hourly retracement, but now we have a very clear resistance level to sell against if price retraces to meet it. My first entry was at 1.13583, still running in full. RgMov is pointing down, and we have a completed 5 bar downtrend that extended the projected range three...
This Euro index gives us a good idea of what to expect in the coming weeks. After this week, we will probably confirm a weekly uptrend signal, which should last for at least 18 daily bars, or maybe 6 weeks, and reach the targets in the chart. I'm long multiple Euro pairs, and will continue to manage the positions and scale in on every opportunity the daily and 4h...
Similarly to EURAUD, EURNZD presents us with a very interesting long opportunity. It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade. I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear...
It seems like the Euro pairs still have some upside left. Today's close above the mode will confirm a long setup, with a target set at 1.56814. I'll be buying a small position now, and scaling in on a retracement if possible. Good luck! Ivan.
Analysis on chart. We can look for longs here as long as EURNZD stays one week above 1.65544. A nice entry is 1.68088, but I'm not sure if it'll reach that low. Up to each trader's criteria. The trade is valid already, so feel free to enter on retrace and/or market. Good luck! Ivan.
This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal. Currently moving sideways, this pair is in a race to see who eases faster. Will the RBA or the ECB win the race to the bottom? Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it. Good luck, Ivan.
The chart is clear, EURAUD is in an uptrend after completing wave B of a an apparent ZIGZAG correction, which fits the fundamental landscape surrounding the gold and RBA situation, as well as Tim West's time at mode methodology. Buy now with a 2 atr stop, target is lofty but achievable in this timeframe. I'll post scale in opportunities. Good luck!