Monitor this week's price action, I suspect we might see further uptrend continuation in this pair. Analysis on chart. Good luck, Ivan.
As you can see in the chart, we have had a strong bullish move from the lows after breaking a highest low trendline. Right now, there's risk of a broad depreciation of the euro vs stronger currencies, in particular vs the higher yielding Kiwi and the dollar, naturally. After crude oil started correcting, most euro, chf and gbp pairs started strong bullish legs,...
As described in my previous Bitcoin chart, we had the possibility of a weekly downtrend signal to fail, providing us with an important clue towards a resumption of the bullish long term trend. As Tim West points out in his own analysis, there is accumulation going on in the background, and there hasn't been a new low in some time since we hit the 150 zone. The...
Daily downtrend signal expired, in what looks like a complete 4th wave correction, down to the previous mode support, which also happens to be a previous lower degree fourth wave. Expecting dollar rallies accross the board. Minimum target here is a retest of the highest low, but it could naturally go higher if the US NFP data is good on Friday, boosting the dollar...
As the title implies, I'm tempted to go long GBPUSD, and other GBP crosses (like GBPNZD). Fundamentals have been consistently good overall, but there's fear in the air surrounding the uncertainty of the coming elections results. The recent polls towards the May 7th elections imply a tie between the Conservative and Labour parties, and the possibility of both...
This is a time at mode analysis of the current EURNZD uptrend. We have an uptrend time expiration in 2 bars and CCI divergence in the recent top, whilst also seeing the highest low level taken by the last down bar. On top of this, price reached and exceeded the target ahead of time, by three times the projected range, which tells me it's currently...
I had this chart inside my EURNZD roadmap chart, but decided to publish it to keep track of the moves as they unfold. Time at mode signals an uptrend, I decided to attempt labeling this with EW, but it was a pretty complex exercise, so I will adapt my friend's Nick Coulby's (www.tradingview.com) wave count to my time at mode chart for illustration. There's a nice...
Everyone knows this is a strong rally now...Chart speaks by itself. Let it serve as a guide to help manage this trade. I entered at 1.42209, closed partially and now have a half lot running with break even stop, looking to add on every chance that I get. Levels should mark important s/r as well as serve as targets for the next move up. Good luck, Ivan.
Current bearish swing should see completion by May 5 according to my analysis. It would invalidate this timer if price were to cross above the 259.34 mark instead of falling under the last weekly low and heading down swiftly, which is what I expect to happen next. Will this be a buying opportunity in the long term? Will btcusd continue on its relentless march to...
An addendum to my previous 'Waiting for the perfect short' chart. This chart describes the different projection techniques that I used to determine targets and potential retracement zones in this pair. I'm short from 177.569, with a break even stop and will scale in every chance I get. This corrections will be easily foreseeable using time at mode in lower...
In this chart I decided to illustrate part of how I approach trading after the training I received from my mentor Tim West. I'm using my take on ucsgears' value bands, with the periods Yacine Kanoun helped me fine tune, as a nice way of presenting the range in which the currency moves, up and down, consolidating, trending, and rebounding whilst maintaining a...