IvanLabrie

IvanLabrie

Description on chart. Once the limit sell is triggered, we can aim to cover half at the previous low, which turns this trade into a risk free operation. Good luck!

IvanLabrie

This is what I'm seeing in this pair, on an Elliott Wave basis. I'd like to monitor the progress to confirm my suspicions, hence this publication. I'll nevertheless try to go long in the coming days, depending on price action. Cheers, Ivan.

IvanLabrie

As described in the chart, we have a potentially very bearish outcome for this pair. I'd suggest waiting for the uptrend timer to expire for entry, but we can short aggressively under the highest low if we so desire. I'll wait one more day, there's no rush and it's good to be methodical. Initial target is the 1.06141 level, where we had the highest low in the...

IvanLabrie

As the title describes, I'll publish a suggested short entry once my setup confirms. For the time being observe the price action and how the selling is outweighing the buying on each swing. This is inherently bearish, and to make things worse for the bulls, Tim West's proprietary indicator RgMov is plotting new lows and a strong downtrend on the daily chart, ahead...

IvanLabrie

Downtrend continuation confirmed, bearish flag breakout is in effect. Relative strength tells me it's the perfect time to enter short with a tight stop. Two possible entries, one under the low, and one at a possible retracement. 1.25% risk each, good luck!

IvanLabrie

Gold is showing signs of an intermediate term downtrend, whereas silver has no signal of further continuation of the downtrend it began since the commodities boom in 2011. The Silver/Gold ratio chart also shows an interesting level in effect, and a possible bottom, meaning it might be time to exchange our gold for silver... As a sidenote, the usdollar/dxy chart...

IvanLabrie

There is a strong downtrend in this pair, and I consider it highly probable to see a new move down, completing the 1.618 extension of the last swing, which also matches an AB=CD proportion from the first swing down to the mode of the downtrend (most frequent price or accepted 'fair' value, based on Tim West's approach). The signal is clear so I will set my orders...

IvanLabrie

I think we will see a nice rebound off this level here. As long as above 247.45 this week, we can expect a nice rally to reach the recent high at the very least. This is an expansion to my decision week chart. The targets are time a time at mode upper target, and the recent high, and should be reached by April 13th or earlier. Good luck!

IvanLabrie

In this chart I decided to focus on timing momentum via the use of fundamental events. These are the pieces of information the market will be expecting before deciding in its direction. The events in red are the ones that will create the strongest volatility when announced, non-farm payrolls and the interest rate decision by the BoE. Smaller news mostly have an...

IvanLabrie

Tomorrow we have two key pieces of news that will be released, which can affect the direction USDCAD will favor. I'm looking at the triangle at the top, and the current triangle in Crude\s 4th wave (if my count is correct). There is no clear setup yet, but it might be worth watching to see how the market reacts to both Stephen S. Poloz's (Bank of Canada's...

IvanLabrie

Gentlemen, the SNB has done it again! As you can see, this isn't the first time their sudden intervention causes a disruptive gap which ruined thousands of people in one day. RIght now, there is a clear uptrend in place, showing new highs every 5 candles, and nice accumulation before sudden bursts of impulsive upwards action. There are hints at the possibility of...

IvanLabrie

Counting on positive BoC news tomorrow, this is a simple trade setup. Long position targetting the cloud as a correction timer. This also agrees with the principles of Tim West's technique, and the fundamental background. Tomorrow should be a decisive day, the technical setup is clear, let's see how it does. Good luck!

IvanLabrie

BTCUSD is in its 3rd inside week after testing both the top and bottom of the downtrend channel. I had proyected an 11 week downtrend using Tim West's time at mode methodology. Once this timer expires, I expect price to travel up and kiss the top of the downtrend linear regression channel. What happens next is hard to determine, but the safest bet will be a...

IvanLabrie

This is a tight risk/reward, good luck!

IvanLabrie

Like the title shows, this seems like a good risk/reward trade. Time target is 16 days initially, but can evolve into a larger position trade as well. Once target one is reached, trailing the stop to break even might be a good idea. Good luck!

IvanLabrie

There is an Interesting connundrum at the heart of the share lock up situation, one which may tilt the scale one way or the other. If we see a strong breach of the three levels below, we will surely see price plummet to IPO price levels, which at this point is still possible, but not probable. In the chart we can see strong levels of support and resistance and...

IvanLabrie

In this chart we can see key levels of support and resistance, and what appears to be an accumulation phase, as depicted by the channel. Huge volume spikes are followed by small rallies, time and time again, so this makes me think that we established an important low (highlighted by the pink dotted line). As long as price stays above this dotted line, while...

IvanLabrie

In the first part I covered the Euro pairs I am looking at, and here I will discuss Pound Sterling. The dotted lines represent the ideal position for a stop loss. Similarly to the Euro trades, I will go for 2.5% exposure, making the total 5% with both baskets active. I will treat these trades like a single entity, and won't close the longs unless one of the pairs...