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GBPAUD: Pound/Aussie has bottomedAfter an extended decline since the 2015 high, it appears like GBPAUD has hit rock bottom. I'm long from 1.85243, and added today at 1.85526. I expect price to retest the low volume resistance at 2.00 in the intermediate term, and possibly aim for new highs if we break this level in time. If you're not in the trade, try to enter at market with a 3 times the daily ATR stop loss, and add the remaining half position if we get a retracement next week (unlikely). This type of trend reversal trade, usually involves no retracement, and people eager to 'long the trendline break retest' get left behind eating the pioneer's dust. So, be brave and buy strength! If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
Long
by IvanLabrie
22
GBPAUD: More shorts for continuationGBPAUD is tracing a nice steady downtrend, and recently has formed a nice consolidation, which has given way to a time at mode downtrend setup. We can go short here, odds are very nice and we have a lofty target to benefit from if the trade works. Entry is at market and stop losses should be 1-3 ATR, or placed above 1.85541. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
Short
by IvanLabrie
4
GBPUSD: The Pound is facing downside pressureThe Pound has been supported, while tracing a triangle, which is characterized by the lack of a clear trend direction. Rgmov has been in a downtrend, suggesting that every overbought rally was a short, which has been the case. Currently, price is breaking below the weekly mode, which is 11 weeks long, and soon to be 12 after this week's close (unless we expand the weekly range down). I think it's highly likely to see a sharp move to the downside now that the support has been broken and that the inside trendlines forming the triangle have receded too. If we expand the daily range, we could take a tighter stop short, for the time being I'm in with a 3 ATR stop loss, and will be looking to add as we get further confirmation of trend continuation. Good luck if taking this trade. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
Short
by IvanLabrie
6
EURJPY and GBPJPY: Potential long setupsVery nice potential longs setting up here, next week we might get nice confirmation to add to longs. For now, this is a rather low risk entry, going with the trend in the daily. Risk half on each. Short term timeframes show good momentum building up, and I see equities continuing to be bullish for a little more upside (S&P500 to retest the downtrend mode at 2082 at least). After we close the gray horizontal lines on chart we can confirm the trade and add to them. Good luck if taking these trades. Have a nice weekend! Ivan Labrie
Long
by IvanLabrie
19
GBPAUD: Shorts are favoredLet's see if GBPAUD has what it takes to fight all the bearish signals on chart, and break above the previous downtrend mode resistance. The weekly chart offers a time at mode uptrend expiration signal, which suggests price can retest the mode at 1.94578 in 14 weeks or less. In the daily, off the recent swing low, an uptrend signal formed, but it has already reached its target, ahead of time. This suggests it's possible to expect a selloff from this resistance level, also emphasized by the bearish hanging man candle pattern that formed in the last close. I'll be monitoring for a short entry using the 4h chart, good luck if you decide to take this short. This is a purely technical setup, we should do our own due diligence with it, since fundamentals for the Aussie don't indicate strength with the potential copper downtrend that we have detected in our group. If you want live updates and more information, make sure to contact me via pm or skype. I provide signals for auto trading. I'm also providing access to a live trading chatroom where we give education to traders, as well as discussing the positions we're in. All of these are free of charge for concordbay.com customers. Cheers, Ivan Labrie Time at Mode FX Analyst at Concord Bay dot com
Short
by IvanLabrie
37
EURGBP: Uptrend in progressEURGBP is tracing a nice uptrend in the daily. We have opportunity to join it at this juncture. If the trades on chart aren't filled, we will have to enter using either a lower timeframe or a new high, (I'd rather take lower timeframe entries honestly). This is a good hedge against EURUSD short positions. At this point the Euro has minimal upside left, if any, vs the dollar, but the Pound is in a very weak position, so I'm comfortable fading it against most currencies. The other very weak currencies are the New Zealand and Australian dollar, so EURNZD is another nice long to consider. Good luck if taking these entries. For more infomration on the shorter term timeframe entries here, or any of my services, contact me privately. I'm currently running a trading room, sharing signals via whatsapp and skype, as well as conducting coaching for serious traders who want to learn the methodologies I use, which were devised by Tim West 30 years ago, and proved to be very effective over time. Cheers, Ivan Labrie.
Long
by IvanLabrie
5
GBPUSD: Quarterly downtrendThis is a chart mostly meant for analysis and forecasting, but you could also look to trade it using ETF options, for example selling calls/puts, or if trading the monthly, you could go with a 374 or 400 pip stop. The risk vs reward is really high, even if you do use this stop loss size. It's not meant for anyone, mostly an investor or longer term trader would take it at least. In my opinion, it's likely to get very good short trades in lower timeframes, whenever the 4h, daily or weekly would align with this forecast's direction. A compass of sorts. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
9
Cable Finishes Week Below 2015 LowsThe Cable was killed last week as markets rattled on China fears and US Non Farm Payrolls trumped expectations. Pair finished the week below a descending triangle bottom marked by the 2015 lows and looks set to continue lower over the coming weeks. Initial target is the 1.236 extension of April - June 2015 around 1.4240, this extension coincides with the 2011 lows above 1.4220, where pair will likely find interim support. Alternatively, a reversal above the 2016 open (1.4732), would spell false break and encourage bulls to look for trend-line resistance below 1.5250.
Short
by FXTechs
GBPNZD: Pound/Kiwi retracement done in 2 daysThe GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long is possible in this zone. I'll be looking to entering intermediate/long term positions around these parts, I expect new longs to enter after new year, and a very strong uptrend aiming for 2.66+ to start soon. The stop loss for this entry is vital, and can make or break the trade, so I will enter with a few different techniques to attempt to leverage this into a giant home run trade. For details on the specific position management, entry, exit, and stop loss values we will use, contact me, since I will reserve this for my private trading room. Good luck! Ivan Labrie.
Long
by IvanLabrie
8
GBPAUD: Critical junctureGBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so I'll be monitoring this for entry on the long side. If the yearly MA were to fail to contain the decline, then GBPAUD is in very bad shape and we can expect continuation to meet my weekly downtrend targets, around 1.98 or close. For the time being this looks like a large W bottom setting up, and has more positives than negatives for longs, so I'll attemp to ride the upcoming trending leg up. Cheers, Ivan Labrie.
Long
by IvanLabrie
6
GBPAUD: UpdateSee the related ideas for my analysis of this pair, which demonstrate the power and surgical precision of the Time at Mode methodology I learned from Tim West here. In this juncture, the weekly chart is offering a potential retracement entry, in case we were to see such an event, which would guarantee a 9.54:1 trade op. In case price were to continue straight down, I'd be looking for alternative ways of joining the decline, perhaps having to resort to lower timeframe entries for instance. For information on managing positions, and getting trade signals and coaching, contact me or Nicholas Coulby (ncoulb1) here. We're running a trading room Skype group for Forex, CFD, Metals, Energy or Stock traders. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
16
GBPUSD Short on account of Dovish Bank of EnglandTechnical Analysis: Technicals are on the chart, the Fibonacci Retracement, S/R Levels and Measures of Trend. The pair is trading below the 200 Day MA and the Long Term Pivot at 1.56600. Typically, short positions are sought with this in mind. If today's daily candle close is bearish, then the candlestick formation becomes an Evening Star at 52400 Resistance. Fundamentals and Market Conditions: GBP: Last week's dovish turn from the BoE makes sense in light of upcoming headwinds facing the UK. First, significant front-loaded fiscal consolidation is likely to weigh on growth. Second, the Brexit debate will heat up soon and potentially deter foreign portfolio and direct investment flows into the country. This is particularly problematic given the UK's large current account deficit. Finally, underlying sources of labour market health, such as hours worked and weekly earnings, are turning. The main risk to this trade is a resurgence in UK economic data. USD: Regardless of last week's downtick in economic data, King Dollar has held strong, resorting to a range rather than a severe correction in the majors. The Fed is currently more hawkish than the BoE and as we all know Central Banks and their Fiscal/Monetary Policy are King when it comes to driving currencies. Federal Funds Futures currently imply a 70% probability of a rate hike in December. See here .
Short
by SimplePhi
EURGBP: Rounded bottomWe have a rounded bottom on chart, visible in the 5 day chart, where we can also appreciate that RgMov is in an uptrend and CCI has given us a hidden bullish divergence signal. This, paired with the quarterly and weekly downtrend in the gbpusd pair, and the fact that the eurusd is completely overextended, and has almost hit my weekly downtrend target, I expect this pair to start trending up. The entry is above the previous bar high, after the close, stop under the low. This pattern was brought to my attention by a dear friend, with whom we often discuss technical analysis: Dusan, known here as look4edge. Check out his ideas, a really smart trader. Good luck if taking this trade. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group, where I share trade setups and also provide traders with training, as well as 2 private webinars per week, and also giving tutoring via skype calls, on a one on one basis. Cheers, Ivan Labrie Time at Mode FX
Long
by IvanLabrie
4
GBPCAD: Ichimoku and time at modeGBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots down, expanding range and triggering a daily time at mode downtrend. As a bonus, the last two daily bars close below the Kijun sen, after a bearish tenkan/kijun sen cross occurred. I have already entered, using a discretionary approach, but will add once I get confirmation that the time at mode weekly trend is valid. The target is 1.90509, to be reached by or before January 8th, 2016. For more information and insights into managing this position, scaling in, and understanding the logic behind the technical setups contact me via pm. I'm currently hosting a skype group for Forex traders, where I share trade setups and also provide traders with training, 2 private webinars per week. I'm also giving tutoring via skype calls, on a one on one basis for a different rate. Good luck if taking this trade with me. Cheers, Ivan Labrie Time at Mode FX
Short
by IvanLabrie
7