If my analysis is correct, we might see a push towards this second wedge like formation's completion once the recent time at mode target zone is hit. If we move past it, the zone between 126.74 and 128.92 should prove to be an effective barrier against stubborn bulls. Rgmov has formed a new 2 month high, but the price action indicates the rally is weak, as...
As Tim West showed in a recent publication, a 9 month downtrend expired recently, giving way to the possibility of seeing price rally back to the mode in a 9 month period or sooner. This is a lower probability target but it's in the background. What made me interested in going back to BTC was to see that the daily chart is showing bullish signals, while the...
Analysis on chart. I'll be looking to capture the low, expecting it to get me early on in the rally that will ensue once USOIL breaks out of the contracting triangle, and the Euro Stoxx retracement ends. It's not yet confirmed, but I think that we will see the move in question start after NFP. Rgmov is showing interesting bullish strength, hidden amidst the...
Similarly to TLT, I expect a rally to emerge today, which if moving past the trigger level at 122.545 will lead to an advance into the 124.096 to 126.042 area. I'll attempt shorting the first target with a tight stop, and if stopped I'll wait to short it higher. It's unlikely to see the 2nd target hit, since the 1st one sits right below the 8 week downtrend mode...
Bund's forming a rising wedge advance, which looks like a terminal pattern ending in a lower high. A similar pattern is in the TLT chart, and probably also forming in the S&P500 in the coming days. Time at mode trend signals have failed and led to a retest of the mode, and a new uptrend signal, and then a second one confirming this week after the close. I like...
Here we have a very interesting short setup. The market drove price up near a very strong resistance zone, so I'm willing to take a stab at a short position in this zone. A very low risk entry, aiming for a retest of the 20 bar mode at 43.48 initially, our stop loss can be minimal, with very low probability of it being hit before our profit target is. Setup is...
Adding a 22 period CCI to the chart and a 11 period moving average of highs and lows we can see how oversold USDCAD is. Right now, the next hurdle is the level at 1.30113, which if breached might lead to a repeat of the pattern we have to the left, where CCI also dipped into new momentum lows compared to the past month. I added a replica of the previous decline...
Nikkei is consolidating forming a bell curve, if you look at the profile shape from the low. The weekly downtrend that fired in August has now expired, which means there's a possibility that price goes up to retest the downtrend mode. I see this as improbable and would suggest looking for shorts once the targets on chart are hit, or the low volume resistance zones...
NZDJPY seems to be lagging AUDJPY, I'll be taking a short if it slides under today's low. The resistance to the left is pretty obvious. Let's see how it goes. Cheers, Ivan Labrie Time at Mode FX
In this chart I analyze the price action in USDJPY's weekly chart. It appears like we have formed a balanced distribution after the lowest low in the recent selloff. Despite this not-falling situation, rgmov continues to suggest the enviroment is overall bearish, so I'll look into fading exremes in lower timeframes, using CCI and Rgmov signals as...
BTCUSD has started trending up in the daily and weekly timeframes, after the monthly downtrend signal expired, failing to meet its bearish target. The implications are tremendously bullish for BTC, and might send it flying back to the mode at 436 give or take. The recent leg up, shows buyers stepping in after every push to expand range higher, which is a sign that...
I'll be entering shorts this week before the close, the potential is very good, even if only the 'local' trend signal goes in effect and hits the target. If this trend signal works, a larger 18 week decline will become valid, and we could expect a very sharp drop towards 0.75972. This is also illustrated by a modified Schiff Pitchfork that I drew using key highest...
As expected, Bitcoin did rally from the previous juncture, but the advance has been slow. We have a bullish weekly signal that aims for 282.94 by November 3rd, but rgmov isn't plotting new 2 month highs yet, so I'd be careful with it. If already long, you can trail the stop to a bit under 235. Seems like Bitcoin has upside left still, but keep in mind the strong...
EURUSD is breaking up from its 20 week accumulation period. All this time, commercials have been long Euro futures, and we have seen fundamentals take a turn south for the dollar, and risk in US and global equities. Except for the recent relief rally, action has been predominantly bearish, which paired with the very dramatic rallies in the Euro and Yen, make me...
October marks month 6 of a very strong downtrend in the Kiwi. We have many technicals, as well as interesting fundamentals suggesting dollar weakness for the rest of 2015, perhaps extending into June 2016. This fits in with the probability of retesting the mode in the coming 6 months this chart presents. Currently, we have a weekly uptrend target on chart, and a...
Analysis on chart, I think this is a very good long setup and high probability of success. If we get stopped we can try a bit lower with a stop at the monthly mode, but I'll try a tighter stop first. Targets: 1.50165 - 75% confidence of retesting it 1.65801 - 60% confidence 1.72 - 55% confidence Good luck gents! Ivan Labrie Time at mode FX
The time at mode trend signal on chart points to a corrective advance of 5 weeks. There are 4 weeks left in this trend signal, and the target isn't too ambitious, but it's possible that TLT overshoots it and retests the runaway gap level above, which lines up with an impulse's wave 3 of 3 (and a range expansion bar's 50-75% retracement zone). Ultimately the trend...
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...