IvanLabrie

IvanLabrie Updated 

Analysis on chart, simple. We can go long on 50% retracement of today's bar from open to high. Stop at the open or at the mode below: 0.65762. Rgmov confirms the trade, it broke out of a long term downtrend trendline and bottomed ahead of price. Nice CCI divergence and higher momentum than previous peak, implying this rally is sharper than the declines...

IvanLabrie Updated 

Just a monthly map of this pair. I think attempting NZD longs is dangerous business and I wouldn't want to be a part of it. It might retrace, and if it does, the red line above is a perfect level to place sell orders. This pair is not behaving like AUDUSD, which shows up in AUDNZD as well, which is in a strong uptrend towards the longterm mode of said pair's...

IvanLabrie Updated 

There's a quarterly time at mode downtrend expiration signaling a long trade is possible, whilst the daily chart shows a falling wedge with an uptrending RgMov, displaying a nice channel. I'd suggest looking for an entry if the last daily high is breached with an up bar. Entry would be a buy stop with a 1 atr stop under the last daily low. Good luck!

IvanLabrie Updated 

In this chart we can see what the recent price action spelled for this pair. Longer term shorts were covered, creating a short live rally. We now stand at the crossroads, I for one, will take this pair short once I get confirmation from the 4h timeframe. I'll expand in the comments, for now, there is no practical setup.

IvanLabrie Updated 

Shout out to The Working Trader for bringing this one up. It's a perfect time to short the retracement and initiate a long position after taking profits. There is a currently valid downtrend signal, two of them actually, suggesting lower lows. I don't think the targets will be reached, which is a bullish signal once time expires. This is a practical way to...

IvanLabrie Updated 

Thanks to 'The working trader' for bringing this up. This is my own take on this pair. The chart shows the time at mode bullish setup I'm looking at for entry. I suggest buying the dip if possible. I'm seeing potential for a very large move to the upside, favored by an uptrending rgmov, completion of the downtrend signals in the recent decline reaching a 0.786...

IvanLabrie Updated 

Monitoring GBPCAD, looks interesting. Analysis on chart. Cheers, Ivan.

IvanLabrie Updated 

I spent a long time analyzing this pair, contrasting views with my colleague Nick Coulby, who specializes in Elliott Wave analysis, and working on my own time at mode analysis of this pair, as well as adding the result of insightful discussions held at Tim West's 'Key Hidden Levels' chatroom, regarding this topping pattern, as well as the patterns in the gold...

IvanLabrie Updated 

I'm watching this pair closely, there's a time at mode downtrend currently active but the target was already reached. We have a lot of interesting news events today for both currencies which makes me think we will have an excellent opportunity on the long side here. I'll update with my suggested entry once I'm convinced enough. Longer term time at mode targets are...

IvanLabrie Updated 

Both the RBA and the BOE have dovish and hawkish stances regarding monetary policy, and have hinted at the possibility of a rate cut and hike respectively, in the next 12 months. The daily chart is showing a technical setup, calling for a long position, with a stop loss at 1.9650, and a tentative target at the 2.0207 mark. There is a clear AB=CD geometry if we go...

IvanLabrie Updated 

Looking at past price action, we can detect a clear correlation, and sometimes leading movements of the gold futures versus the AUDUSD pair. In this case, there's a clear divergence between the price trends in the short term. I'm waiting for a breakout of the sideways movement down in the following days. Should make for a decent short setup once confirmed.

IvanLabrie Updated 

As the title describes, this is a short term trade, with a very tight stop loss. I'm taking a short position opened at 0.8283 and my target is at least 0.8141, with a stop at 0.8293. Cheers, Ivan.

IvanLabrie Updated 

We have important news coming tomorrow for AUD, also, the Gold chart will be of great influence here. For now I'd advise patience, but we will probably see a setup emerge on Tuesday. I'll expand in the comments section.

IvanLabrie Updated 

I'm looking at a potential long position in this pair, based on the presence of strong support around the current price levels. A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed. Short term bias is...

IvanLabrie Updated 

This time, we have confluence of multiple technical elements signaling AUDUSD might have established an important low. The recent speech by Janet Yellen had a rather dovish tone, mentioning the Fed has patience and that they would discuss the interest rate hike on a 'meeting by meeting basis', which I think will introduce increased volatility in all USD pairs. As...

IvanLabrie Updated 

This is an update to the expected Aussie dollar reversal which I have been monitoring for some time now. The level price is at, is a very significant one, which I don't think will be easy to break. I posted a short term long setup in one of my charts, but I didn't publish a long setup chart after the ones I had before failed. This time, I suggest waiting for the...

IvanLabrie Updated 

Watching for potential move resumption of the bearish trend. If the target above isn't reached in time, or is reached ahead of time, we can consider taking a short entry under the highest low. Will update with an entry.

IvanLabrie Updated 

Ok, the correction seems complete, as many bright people pointed out. Now I'll try to get an entry short here. My last time at mode downtrend target has been reached ahead of time, which is typical behavior before a correction, so, the plan is to wait for said retracement to trigger a sell, probably by tomorrow morning, during the NY session. Initial target is a...