Rgmov
AUDCHF: Weekly trend activeAUD pairs are acting strong, weekly $AUDUSD flashed the buy signal I was anticipating (although it first shook traders out...including me!).
If we get the chance we may join back on dips, same in other pairs, like $AUDCHF, $AUDCAD, $AUDJPY, maybe short $EURAUD, $GBPAUD...
Best of luck,
Ivan Labrie.
BTCUSD: Trend analysis updateExpect sideways movement once $BTCUSD retests the $6500 region, it might take multiple shake outs and sideways moves before sentiment resets by then, since it will most likely get 'too positive' to keep trending up, and, it also will need time to work through supply from the downtrend mode. This might end up becoming the new '1000 year bull run' uptrend mode in the 2-month timeframe.
The previous 2-M timeframe mode consisted of 10 bars, followed by a trend signal confirmation in the form of a large Range Expansion bar, which was subsequently followed by a retracement in the next 2-M bar, which was a tremendous buy opportunity...). In fact, every time there was a 2-M bullish range expansion, a sizeable correction followed in the next two months, which gave a perfect long entry to increase the returns of bullish traders. I have managed to avoid most large corrections for the most part, and buy near the bottom of each of these retracements in the previous trends, hopefully this time around I can do the same. Sentiment and technicals were extremely useful to ride this trend.
Best of luck,
Ivan Labrie.
TL, DR for lazy people: We go higher, then sideways, don't expect to get rich overnight if long, until after Q4 2019, we won't get a mostly vertical run again.
p.s.: if you needed the short version, it won't hurt you to read more and take more time to absorb information without requiring constant stimuli to keep you aroused. /end rant
$CGC: Good buy entry here$CGC has reached support at the bottom of the 'Jeff Sessions resignation' key level. There's an active monthly uptrend, daily is oversold and making a higher high above a previous day high, whilst RgMov shows an active daily uptrend, so this would qualify as a valid long entry. You can risk either 3 daily ATR down, a drop under this last daily lowest low, use a monthly mode stop loss @ 25.28 for sizing, or size it for a long term position with 1-10% exposure and no stop.
Best of luck,
Ivan Labrie.
ACB & CGC: Trending?Both these stocks have massively bullish monthly charts, and are probably reaching the euphoria phase where investors pile into them like crazy, forming a blow off top, followed by a lengthy consolidation after the bubble peaks...Daily charts give excellent trading setups using 'Key Hidden Levels' and 'Time@Mode' Techniques, created by my mentor, @timwest.
I'm long from this zone, was long from 6.26 on $ACB, and sold at 8.08:
Was long $CGC from 47.4, and sold at 49.33, then bought back recently near support, selling in profit on Friday once again.
We reentered today, and looking to profit from the next uptrend, that might confirm if $ACB earnings make the stocks gap up tomorrow.
Tread carefully, this trend might be similar to jumping into crypto by the time $BTCUSD shot from 10k to almost 20k in late 2017. Retail traders starting to get involved, institutional investors getting more confident and adding.
Best of luck,
Ivan Labrie.
ACB: Monthly Time@Mode trend in action!$ACB presents a very interesting monthly buying opportunity here, with tremendous upside potential (not devoid of significant risk).
It's at a great spot for long term acquisition here, so I issued a buy signal for my clients today. If the market fails to hold up and goes below 7.56, this company is in problems...as long as holding above, we have 14 months to reach the 36 handle zone.
$CGC has outperformed it for now, but I like the chart and the less crowded trade present in this stock.
Best of luck!
Ivan Labrie.
AUDUSD: Aussie could have bottomed here...I'm long, there's an explosive technical chart at play here, if it accelerates soon, a very sharp move will start from this juncture.
Copper is also set up to move up explosively, and I see bullish patterns in multiple currency pairs like $CADUSD and $EURUSD (which we are already long from the lows). Commodities also exhibit bullish patterns, like $NGAS, $XAGUSD, $XAUUSD, Cocoa, Cotton, Soybeans, Ethanol and a few others...Maybe the dollar weakens from here onwards?
Either way, it's a good opportunity to ride a potentially large trend with a relatively tight stop, below recent daily lows or weekly lows, or 1 ATR below -daily tf-.
Best of luck!
Ivan Labrie.
Sugar: Interesting uptrend here...I'm monitoring $SUGARUSD here for a weekly and daily long entry on retrace -if it ever comes-, otherwise paying up for it might be worth it, given how strong the chart looks. Could sharply rise from this juncture immediately after the market opens too.
The targets on chart are the weekly range targets, corresponding to a Time@Mode signal active as long as we hold over 0.1236. The daily has a bullish trend as well, which kicked in on Friday. Entering at market or on dips would be a viable trade.
Best of luck,
Ivan Labrie.
GTLS: Strong weekly uptrendI'm long $GTLS here, looking to add to it if viable, weekly uptrend has kicked off here, and implies a 15 week advance towards targets as lofty as 194.03 by May 20th give or take. I'd reccomend taking a long position on dips, or gradually entering into a cash position here.
We're holding 8 stocks currently, but I won't disclose the whole portfolio to people outside my trading signals group.
Feel free to inquire if interested in gaining access to a 1 month free trial.
Best of luck,
Ivan Labrie.
$NZDUSD: Likely to start trending in the weekly here...Powell might have kickstarted a rally -which was already brewing- in the Kiwi/Dollar pair.
I'd reccomend long exposure here, as long as we don't go below today's open, if aggressive, or if moving below the cyan box, if more conservative.
The target is the top of the cyan rectangle, to be reached before the right border is reached, time wise.
Best of luck,
Ivan Labrie.
Zinc: About to trend up massively like in 2016Interesting long term chart, perhaps related to zinc-air battery tech?
Cheers,
Ivan Labrie.
GOLD: Weekly trend possible...I'm long $GOLD here, from a tad lower. I think this miner is primed to rally from this juncture, potential upside is very good if it manages to climb above Key Earnings Resistance above. We can hold for an extended period of time as long as we bottom here in the short term.
Best of luck,
Ivan Labrie.
EDIT: Potential 50% ish upside with 8.3:1 r/r hereI like the odds in $EDIT, strong chart setup in the 2-day timeframe, earning levels give us a nice estimate of overhead resistance. Chart has been basing for a while, and could be ready to break up from here, after coiling for a long time.
I'd reccomend buying into it around here, or maybe buying call options due to earnings risk.
Best of luck,
Ivan Labrie.
EOSUSD: Buy on dips...or buy into strength from higher levels$EOSUSD has an interesting chart here, it seems to be one of the highest potential coins together with $ETH and $BTC naturally, as far as technical patterns go. As far as fundamentals go I'll let others more knowledgeable on the tech behind it comment here if they like, I have heard good things coming from people I respect who are involved in this field.
I'm not in any position here, but would watch carefully for an entry, if buying with cash. I wouldn't sell any $ETH or $BTC for it, personally.
Cheers,
Ivan Labrie.
NZDJPY: Daily uptrend...$NZDJPY has a nice chart signal here, we have already entered longs, but it may give us a second chance to enter or add to longs on dips today or tomorrow. Stops have to be at least below today's open, or slightly lower. Target range is detailed on chart, both time and price. I guess $XAUUSD will be sideways or down for a few days, while $USDJPY rallies. Tomorrow Powell will give a speech, and the RBNZ will publish a monetary policy statement and interest rates decision, as well as publishing inflation expectations data.
The $NZDJPY crooss pair offers a more interesting vehicle to ride the move in #USDJPY with better risk/reward than the majors. You could try to capture upside in risk on assets, the $NZDUSD, or $AUDUSD pairs, or shorting risk off assets, but it might be riskier than this trade...specially considering the relative strength of the New Zealand dollar vs the Aussie dollar for instance (which made me choose this pair over the $AUDJPY counterpart which might also be viable).
Best of luck,
Ivan Labrie.
BTCUSD: Daily, weekly, biweekly, bimonthly T@M breakdownAs in my $ETHUSD chart, this $BTCUSD analysis focuses on Time@Mode signals. We see multitude of signals aligning here, and it's no small deal.
Once we move up from this zone -if we do-, we will have multiple high probability signals indicating we hold long exposure, and even add to it, as $Bitcoin prices soar. Once we reach the 6475 mark things get interesting, specially if we hold above it.
Let's see how things shape up.
Best of luck,
Ivan Labrie.
ETHUSD: Daily, weekly and monthly turning bullish...The $ETHUSD chart is starting to turn around, finally, after a long bear market that started when long term Time@Mode signals expired in December 2017...(Exactly as forecasted back then, and long before we even surpassed the old 2013 ATH)
Now, way in advance of anyone else, we get a very clear bullish picture here. Let's see how things go this time around.
If prices hold over 121 here, the daily remains bullish, with the yellow box targets being reasonable, in time and price, and if we do hold over the cyan box this wekk, the weekly target will become valid, implying a move towards 222-429+ in 7 weeks. If this happens, odds are we trigger a long term monthly uptrend signal as well, which would take us to prices above 5500 possibly...
Best of luck,
Ivan Labrie.
EURUSD: Good potential on the long sideThe euro offers an interesting long entry here, upside if prices hold over the weekly mode, and eventually break out from it (cyan box), we may get to the chart depicted on chart within 10 weeks or less. Daily is oversold, with the proprietary indicator RgMov showing a bullish daily trend, and CCI flashing a buy signal, together with price action signals confirming it as well. Once we see strength, breaking over a previous daily high, we can add to this trade as well.
Cheers,
Ivan Labrie.
SQM: Long term potential gains are astronomical...I think $SQM presents investors with massive reward to risk ratios here. Downside is minimal, whereas potential upside is huge. Prices can climb up to $281, in case of a quarterly uptrend, and eventually reach prices as high as $1841.65 over time, whilst paying a hefty dividend as well.
Electric vehicles are a huge source of ever growing demand for lithium, and $SQM is in a prime position to benefit from this trend. There's also the possibility of funds starting to accumulate shares, as new players enter the electric car battery metals ETF market.
Best of luck,
Ivan Labrie.
NGAS: Potentially a massive long term bottom hereI think technicals suggest we could be seeing a huge bottom in $NGAS here, I'm long from this spot, aiming for a retest of the monthly mode resistance above, which will probably send the price sideways for a long time but can eventually result in a strong rally out of this zone, aiming for a surge towards $4+.
Very interesting chart, and certainly not moving together with anything else, which makes it a very good trading instrument to follow.
Cheers,
Ivan Labrie.