ironore

Very good risk to reward trade, very manageable with a tight stop below the swing low. A clean break above 78 would signal a trend change in AUD, go long on pullbacks after breakout beyond 78.

Vale looks as though it's completing it's 4th Wave decline and should be heading upwards for the 5th Wave.

$AUDUSD appears to be about to rally for the intermediate to long term, judging by how the pair has been acting lately, as well as how fundamentals are setting up. With oil in a strong advance, commodities are potentially rallying higher, which would boost currencies like the Aussie dollar. The technical chart here shows the pair is coming up after being heavily ...

Hi guys, In effect, this is an extension of my aussie trade posted pre-Trump (26th October 2016) in which we bagged 500 pips. AUDUSD has seen rapid recovery off the back of both dollar weakness (mainly due to lack of details of the US administration's economic plans) and rapidly rising commodity prices, in particular iron ore (/it has rallied 10% recently, ...

If AUDUSD is to hold here, and eventually break out, and cross the overhead resistance, we can see a massive rally take off, which you definitely don't want to miss. If you missed my previous entries, you may go long here, risking a drop under 0.7811. Keep risk to 0.5-1%. This is a swing trade setup. If you want, additionally, or perhaps if more conservative, you ...

BHP, FMG & RIO

As $ITI has not exhibited an upward EW pattern before, all we have to go off for a fractal match is to overlay the first and second waves. This gives us a pullback from the current position back the to 61.8% fib (around USD64) and then a further run up to a high of USD96 before falling back again. Of course, as always this depends on the Chinese economy, and now ...

People focus on $XCUUSD as being a proxy for $AUDUSD, but iron ore is equally important. Note how $ITI is leading the Aussie here, so go long $AUDUSD

Looking at monthly ranges, we see that months with sharp selloffs, that surpass the previous true range, as measured from the open to the low, have been causing sellers to get trapped at increasingly higher prices. This is bullish and shows accumulation, and shakeouts taking place. The monthly chart shows a mode near the highs, and now we're testing support at the ...

We do see a strong inverse head and shoulder breakout on the weekly chart, however, still it is premature to say that a major trend reversal has happened. This is because the descending trend line drawn from the Feb 2013 and Dec 2013 high is yet to be breached. Once breached on the weekly chart, the bulls could call a long-term trend reversal. Note – Failure ...

The weekly chart of the Nymex Iron Ore futures shows a bullish inverse head and shoulder breakout. This is a clear reversal pattern…especially since the inverse head and shoulder has appeared at the bottom of the 5-year long downtrend. The bullish break is good news for the Australian dollar (AUD) given the close correlation between the two. Increased odds of ...

The trend is now up, and we have a weekly 'Time at mode' signal pointing to 22.59 as the target. Risk is a drop under 19.37. You can buy dips, or speculate on copper, or on FXA or AUDUSD as well. Steel/Iron ore is also looking great, which makes this a sure buy. Shares of X or STLD would be a nice buy as well. Good luck, Ivan Labrie.

We have a nice potential trade setting up in AUDCAD. The uptrend has been quite strong, and retesting this key level gives us good reason to reenter longs. This week I'll post some of the trades I send to my signals clients, stay tuned for more. Check out my updated track record here: http://pastebin.com/6CyyqnPT If interested in my real time whatsapp alerts ...

We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas. Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break ...

All indicates Primary Wave 3 is in its early stages for VALE5

I went long recently, 2 days ago, but closed earlier today. I'm reentering longs here, you can either use a stop at the suggested price on chart, or under the recent swing low, or based on ATR. I leave it up to you. There's a chance for price to resume the uptrend, so I'd let the trade breathe until we can confirm that is what's going on. Entering at market is ok, ...

Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.

After seeing The Working Trader's idea I figured I could attemp a pair trade in this pair, to take advantage of the interest rate differential in both EURUSD short and AUDUSD long. The entry will be a market order, but I'd have to see how the markets open tomorrow, I will update the chart by then. For now, keep in mind that for pair trades, I aim to open a big ...