I'm watching $KSS here, I'd like to buy as close to support as possible. There's an interesting time/price juncture below, where the bottom of the uptrend's linear regression channel meets both the Key Earnings Level, as well as the uptrend speedline support, making it an ideal spot to buy. This also happens to coincide with a potential bearish range expansion...
I'd like to bring your attention to the $USDCNY monthly chart here. If we examine previous levels of support and resistance, and analyze price action using Tim West's methods, we could conclude that the uptrend in this pair, and logically, the one in Bitcoin, has still ample upside in its future. It would be logical to observe 19% more upside in $USDCNY, and 760%...
There are two potential targes in the short term in $AUDUSD, and potential for the downtrend to last until January 3rd. Let's keep an eye on it, I'm looking to go long at the bottom. I'm not shorting this pair, but if you're in, you can know what to aim for here. Good luck, Ivan Labrie.
EURUSD is tracing a downtrend for a good while now, and after FOMC, a new downtrend signal got activated, suggesting the pair will decline significantly in the next two weeks. Watch the targets on chart for a potential retracement, or at least, the start of a sideways pattern before trending down (or reversing). If we mive back above 1.063, the bearish case will...
We have a good opportunity to take a short here, risk is $5.91 per share, so factor that in when sizing your trade. I'd reccomend 0.5% exposure here. Earning 1.1% per quarter, with a modest 3% free cash flow yield, valuation up here isn't good. Good luck if shorting it. Cheers, Ivan Labrie.
I'm looking to short $NVDA here, but need further confirmation of the top. If we get a smaller range day today, and we see a new daily low after that, or if we get a new daily low right away tomorrow, I'll short a half position then, risking $10.86 per share. I'll start building a position after tomorrow's close if the range is smaller than today's, and spread the...
We can short $WST without much difficulty here. Short at the open and risk either a new daily high, or use no stop and size the trade based on 0.5-1% exposure, considering a $4.83 risk per share. Target on chart, but, keep in mind this can evolve into a longer term downtrend here as well due to the valuation the company has up here. It's practically a bubble, once...
USDCAD might start tracing a continuation of the intermediate term uptrend here. Targets are on chart, both time and price matter here. I estimate to see a strong rally, followed by a correction, until there's enough time chopping around, needed to make the late comers give up, to eventually resume the rally, maybe once or twice before hitting the targets. If you...
We're in this short now, and looking to add in the next 3 days. It is possible that we're seeing the resumption of the sharp downtrend that started after the US Presidential election created a solid LOW in the dollar and US equities. This could be the first 'wave 3 or C' after the first 1/A down. Since the first move was so sharp, it is possible the post pattern...
I'm looking to reenter PBF at support near the 27.55 mark. I've highlighted my recent trades in the chart, showing my exits and reentries. I'm adept at working like this instead of holding during corrections. I anticipate the turns based on price action around key levels, and the application of Tim West's 'self contrarian' signals that we use to time exits in good...
The weekly BTC chart has failed to reach a 'momentum validation target' in time at the close of last week, but the chart remains bullish, showing the uptrend is in progress still. We have added back to our long position at 5350 give or take, and we aim for 6530 to 7390 to bank some of our trades. There is time to hit these targets until January 15th, but in the...
We have a nice chance to enter longs here with a tight stop loss. We can jump in right now, or wait for a few hours if more conservative. Stop loss is 5145.08, if we go below it, we might get a correction in weekly scale, so ideally, we stay above it. Timing the entry would help with getting in and seeing profits instantly. If you jump in now, although price is...
We can start buying USDCAD here, risk 1-3% with stop at 1.2916. If we go lower, increase the amount you buy each day at the close until we reach our max risk goal. Then we can enjoy the uptrend, if the setup goes well, and eventually add more and tighten stops once it is confirmed. Good luck, Ivan Labrie.
AVHI has a very interesting chart, here, and valuation is very good. We can look to establish a position here, aiming for a resumption of the weekly uptrend within 2-3 weeks. Entering at market open, risking 0.5% on a decline to 14.37 is a great longer term entry in this stock. Once we have some progress we can look into trailing stops and adding to the position...
As you know, we have been buying ETH in the past few days, and now we have good evidence that a bottom is in place. Longer term charts are showing that we need to hit 0.007297 to confirm bearish momentum. The gist is this needs to happen during December and January, which I don't think will happen at all. Good luck if holdings, Cheers. Ivan Labrie
We can take the long side here with low risk. Size it to fit 0.5 to 3% risk, if price drops against you by 1.9 euros. Each coin you buy, your risk is 1.9 eur basically. For example, if your account is worth 10k Eur, you can buy a maximum of 157 ETH, which I'd reccomend you buy over a week or two, entering gradually. Split the purchase between a few days, amp up...
We have a pretty low risk trade here. You can look to buy way out of the money calls for dirt cheap after the earnings report for $COST. Upside is crystal clear. Even though this stock isn't such a good value pick, as say, $KSS (which has been nothing short of amazing so far), it's still a good contender to catch up to the retail rally it's been lagging. Good...
USDCNH appears to have completed a correction and is ready to resume the uptrend here. This bodes well for Bitcoin longs as well. If you want to take the trade, risk a drop to 6.8374, or enter gradually over a few days, risking a bigger move down. The other alternative is to dial down to 1h charts to take the trade, or simply buy a new daily high, with a stop at...