We got a nice short setup in the Dollar/Swiss pair, if price hits my sell stop level for today, we will confirm a decline is starting, the Dollar Index is certainly overbought, and slowing down, and pairs like this and the Dollar/Yen look like a potential top in the making, while Gold regains strength, and bonds rebound. Certainly a good reward to risk setup, and...
I like the setup here, people have been comparing to Pound to a 3rd world currency as of late...The technical setup is good in the daily, weekly down trend could fail prematurely here, as this stages a massive comeback. Worth a shot certainly, the recent energy crisis induced fears got people blaming whatever on Brexit, and sentiment was really depressed. Worth a...
I think we have a decent trade with something between 3:1 and 5.28:1 RR here. I'm long here since the hourly is bottoming, and daily charts hit long term support, while being close to exhausting the last daily down trend signal that was active. Technically, this is a very strong mean reversion possibility and we have the backing of the Swiss National Bank which...
Looks like $COIN is ready to rally here, was accumulated and can move up dramatically in the coming 8 weeks. Crypto as a whole looks like the long term uptrend I had forecasted in August 2020 is still en route, despite what I had initially thought myself, after we had a dramatic crash from the April top following the IPO. Best of luck if trading this or holding,...
The daily timeframe has yet another short signal here, I've hedged my equities positions with a 1:1 $ESZ2021 short position near the NY closing time. Implications are we get yet another down swing, and a vicious one towards 4161.8 by Oct 25 or sooner, as long as price doesn't cross the 4368.89 level with ease, erasing the decline from the high two days...
I love the setup in the Silver/Gold ratio here. Big upside with super low downside risk if you trade it as a pair, going long 1 lot of Silver futures vs 1 lot short in Gold futures. There was a 14 week down trend signal that expires today, which predicts a relief rally of 14 weeks could occur starting here. The daily chart has a bullish trend signal confirming...
I like the confluence of signals here, conspiring for a major bottom in $AUDJPY. Weekly down trends have expired, daily is oversold and turning up from an already completed down trend and sentiment has been tremendously negative in this pair. I suspect a major turning point happened last week in small caps and currencies and other beaten down assets, like China...
If we get a breakout, we can go long $SUSHIUSDT here, with a decent reward to risk, signal could trigger during tomorrow onwards. I'll update it once it kicks in. Strictly technical trade here, I don't think it's justified to expect a longer term move in altcoins here, $BTCUSD's 2 week timeframe signal is a much better candidate for that, but we could get a short...
Current signal is ambiguous here, outcome depends on this week's price action until next Sunday's close. There was a 98k target forecast activated from like 36-37k in late July... That forecast will be invalidated if this week bulls manage to send $BTCUSD prices over 56138.42 (Coinbase price), or could even turn into a bearish setup if prices move below 35910.04...
We have a tremendous signal to go long financial names now, as the yield curve is set to steepen once again and yields are rising on the back of the last FOMC meeting outcome, and the reopening momentum generated by the evolution of the Delta variant, and news of an antiviral pill from Merck that can cause a 50% reduction of fatalities and hospitalizations that...
All timeframes are setting up for a big move in $USB here, daily is kicking off a fresh uptrend after the recent bottom, weekly and monthly are about to trigger a trend as well, and by EOY the yearly will flash a 10 year uptrend signal which aims for somewhere between $220 and over $1600 per share by the year 2030. I think overall, the return vs risk proposition...
This signal can end up nullifying a quarterly chart uptrend signal in $EURUSD, certainly interesting, massive coiled spring here. I'm keen on going long the dollar against weak currency pairs here. The $DXY trade itself isn't bad at all either. Market is in risk off mode so far, we had rising $VIX and $DXY while everything else was falling. Risk is 1.1% ish down...
I'm long $SPLK here, for a good while in fact, but the long term signals in this chart only popped recently. There's big potential upside here, as the company transitions into a more cloud based business model. Daily chart had flashed a bottom signal which we collectively picked at the Key Hidden Levels chatroom, and I've been trading on the long side since....
I'm concerned of broad risk off possibilities between now and EOY, as potential tax increases might impact the equity markets, going into effect from 2022 onwards...I was already concerned due to long term technical charts suggesting this year we would likely get the end of the bullish trend we had in equities since the 2009 bottom. This week's turn of events has...
I think this can be a large scale reversal in $ATVI here, worth a punt. Load up the truck, best of luck. Cheers, Ivan Labrie.
I'm calling a bottom for this correction here, the market held support from Q2 earnings season, it is still trending up in the long term, even if in the short term we had a correction due to selling due to overreacting and misreading Fed minutes, into an illiquid market. I liked @timwest's analogy today: 'If you sell into an illiquid market, it's like diving into...
Are laser eyes/single issue voters/NFT owners/shitcoin bagholders the new Goldbugs? Maybe they are, if so this would be the kind of move to expect here... I'm mostly bearish due to sentiment and various fundamental factors as well as technical elements that make me think the long term trend is over. I will monitor action, but I suspect it will act similarly to...
$RBLX has come a long way down and found support at previous accumulation levels, we had a nice jump, as bulls expect earnings to go well. I'm bullish on the in game economy and the popularity of the game rising periodically. I do like the chart a lot here as well, and reward to risk is very good, so a buying opportunity on dips is in the cards. Keep an eye on it,...