This is my second attempt at a long. I think this pair is trending heavily up, and while I think some usd pairs might head down (like audusd and nzdusd, at least in the short/intermediate term), this pair looks to be headed up. Once we cross the quarterly mode I'll be confident in hitting the yearly targets #1 and #2, for now I entered a long here, and also...
Analysis on chart. We've reached the time at mode uptrend targets, but there's still time left in the 16 bar uptrend. The news events this week are potentially devastating for the USD longs, so I'll be looking to go short asap depending on the price action around said events. I'll update once I pull the trigger. Good luck, Ivan.
We have a very good bullish setup that just confirmed. The daily corrective downtrend has expired, and there's a 15 day rally forecast currently active. Stop loss should be below the 1.5328 mark, and an entry on a retracement would be ideal. Looking to market buy asap, but ideally a retracement into the green zone would be better, with a tight stop at 1.53775. If...
I placed an overlay of the corn and gold charts over the NZDUSD line chart with weekly range boxes. Time at mode has given me a target in the weekly, which is very close to being achieved. I suspect we will see the completion of a terminal falling wedge next week, offering a great buying opportunity in this pair. I'll patiently wait for confirmation here, but I...
Thanks to @IvanLabrie who is constantly following and trading FOREX who pointed out this chart to me this morning, but it was so clear I felt it was worth showing all of you. The pattern here is as clear as you want to find in a trade setup. @IvanLabrie caught it nicely in his analysis and here it is plain and simple. #1 - Start the trend at the lowest price on...
Watching this pair closely since I spotted what looks like a very significant top area, both in time and price. It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July. It's also interesting to note that...
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...
Hi, in this chart I describe how I read the price action in the Bitcoin chart, in this case the Okcoin futures. My spot forecast and weekly trade setup is coming along nicely, but there are other shorter term opportunities for the traders with a keen eye for technical analysis. The new indicator plots inside and outside bars, as well as range expansion, paying...
I came to the following conclusion after studying this chart extensively: This is either a corrective structure or a nested impulse. The last bearish time at mode targets matches an interesting fibonacci projection with perfect ratios for a corrective expanding wedge structure, which some might see as an impulse (can be either an expanding ending diagonal C wave,...
I've been watching this chart closely, and I think we might see a great buy setup in the near short term. Eyeing the area between 121.43 and 122.34, with invalidation for this signal below 118.968, potential upside is 137.94 in 6 months or less. We don't get significant trends in FX very often, and this is one of them. I'll be monitoring the Yen to enter a longer...
I changed my view on this pair and I think we're witneseeing the start of a very strong rally, which could reach the 1.74 to 1.84 zone in time. Analysis on chart. I will update with my long entries, looking to establish a longer term position trade in this pair if my analysis proves to be correct. Good luck, Ivan.
An addendum to my EURAUD weekly forecast chart, couldn't get the targets to be readable in the other chart so here it is. I don't normally give stop and exit reccomendations but this one seemed easy to project realistically without making changes along the way (which is the way my trading logic works, difficult to translate into one static forecast). Good luck, Ivan.
EURUSD is one tricky chart, compared to the other euro pairs I'm trading. I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside. The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786...
This is practically the same setup as EURCAD and EURAUD, all 3 look good and I will try to build a position in each of them for the long haul, while trading the 4h and daily setups on an individual swing basis, keeping the base position intact, or adding as we go. Cheers, Ivan.
We can clearly see the reaction to the downtrend signal expiry. I'm looking to buy a breakout above the 10 period MA here, which would put my entry at around 1.53849 to be safe. GBP has been lagging the Euro and Crude rally, so it'll be interesting to monitor all GBP pairs for long setups now. Will update with the entry and scale in opportunities. Good luck, Ivan.
Weekly Bars and Profiles of the moves up and down across the range here from 14 to 18.50. The contracting range across the Dec-January initial range is a sign the market is waiting for news. The recent green uptrend (boxed in green) is still intact but it sitting on support. The rally has had 3 weeks where the price range EXPANDED on the upside where the...
Similarly to EURNZD and EURAUD, EURJPY exhibits some bullish characteristics. I won't waste time with a huge writeup, the analysis is on the chart. Feel free to comment, and if you agree, hit like ;) Good luck, Ivan.
I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro. Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy. I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...