The chart is clear, EURAUD is in an uptrend after completing wave B of a an apparent ZIGZAG correction, which fits the fundamental landscape surrounding the gold and RBA situation, as well as Tim West's time at mode methodology. Buy now with a 2 atr stop, target is lofty but achievable in this timeframe. I'll post scale in opportunities. Good luck!
Based on my lower timeframe analysis and the fact that rgmov has put on a new 2 month high despite price not making higher highs yet, I think this uptrend signal will be valid very soon. I'll enter long here, and let it run, it's worth the risk, even if it's a long shot. As an extra for my pitchfork enthusiast friends, there's a close past the trigger line of that...
We can look to enter a long position with a partial risk allocation now, and increase it once my time at mode downtrend time target is reached. If RgMov finds supports, like I expect it to, this will be a very good entry.
This is my time at mode analysis of this pair. Currently kicking off with a strong uptrend off a longterm mode. The horizontal lines map different areas of high volume from the past, which were 'fair value' at one given time. They are magnetic in nature and offer valuable clues as to where price will move, or where price will stop and reverse. In Elliott Wave...
We have a confluence of signals indicating a long is possible from this area. We got: Key hidden levels options expirations support Downtrend signal that probably won't be reached in time. (if not reached = bullish!) RgMov in an uptrend since the inverted head and shoulders in jangseohee's chart formed. Also showing fibonacci levels of support at play. (It...
We got a second chance to rejoin this rocket. Good luck! Ivan.
Just food for thought. We have a confirmed uptrend signal after an extended sideways correction, coming off a significant low after a steep downtrend completion back in 2012. The Pound could start rallying well into 2016 if this forecast isn't invalidated. Similar to the Euro, I will only look for long opportunities in these pairs, unless the chart calls for a...
This is an interesting chart. I was under the impression that this was a running correction intially but the recent price action makes me think otherwise. The majority of the people are expecting a rate cut this week, during the RBNZ rate decision on Wednesday. With heavy UK data coming out tomorrow, volatility is a given and I think the bigger risk/reward ratio...
This is my weekly, monthly and quarterly Pound forecast. The uptrend is very strong but might have reached critical mass already, and is bound to correct very soon. I plotted potential levels and signals based on time at mode analysis of it. Right now, I'm bearish on the Pound, in the short term, but bullish in the longer term, so I'd like to wait to buy the...
We have one more push up left before this turns into a massive short in my opinion. Right now, I had a short running, from a lower timeframe entry but I'll cover and go long at the support level in green, which also matches an 11 bar daily mode. Look at the momentum indicators, I plotted a derivative oscillator, composite index and RSI with averages to illustrate...
Same as EURNZD, this is about to confirm. We can enter now and also on a retracement. 1st entry: 2.40595, sl at 2.3383, 1 pip under the mode. Good luck!
If price closes without retesting the mode, we might see a steep decline ensue. Entry is at market (below the previous daily low), and the stop loss at the mode. Good luck! Ivan.
I'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts. I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in). If ETHXBT gives us a bullish signal...
Many people will turn bearish here, I'm incredibly scared of taking this trade myself, so I'll try to short today's 50% retracement to enter risk free. I still want to try this. The setup is to buy the retracement, as low as it gets, while above the mode. There's also a range expansion bar in both weekly and monthly timeframes that gives us a chance of buying...
I came up with this based on one of Tim West's publications from today. It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures. Check it out, maybe you can come up with other variations of this technique. Seems like something I'd like to try asap. Good luck, Ivan.
Ethereum seems to have picked up on activity after being really illiquid for the past week. We have a clear mode at 0.0051, and an interesting volume and range expansion out of it. If we start seeing new highs every 5 days at the very least, we can say that the uptrend has resumed and we can expect to hit prices over 0.0081 again. I'm rebalancing my portfolio,...
Entry in the proposed uptrend I showed in my FXE/FXY chart. Analysis on chart. Good luck! Ivan.
Can eurusd rally past the quarterly resistance? With the intense fall in the equities today, I think it's possible that eurusd rallies and confirms this time at mode weekly uptrend. Rgmov broke a trendline and it seems to have bottomed for the time being. The level to break is 1.13958, today. Once past it, we should see new highs really fast, and start travelling...